Epoxy Paint Thinner Industry – Regional Synopsis
APAC Market Forecast
Asia Pacific industry is likely to dominate majority revenue share of 38% by 2037, Urbanization drives the need for modern, durable structures. Epoxy coatings and paint thinners play a vital role in preserving and enhancing the longevity of these structures, meeting the region's burgeoning infrastructure needs. The Asia Pacific region is experiencing rapid urbanization, leading to increased infrastructure development projects such as highways, airports, and residential complexes. Epoxy coatings, coupled with suitable paint thinners, are essential for construction and renovation in these growing urban areas. According to the Asian Development Outlook 2021, infrastructure investment in Asia is projected to reach USD 26 trillion by the year 2030.
North American Market Statistics
The epoxy paint thinner market in the North America region is projected to hold the second largest share during the forecast period. North America is witnessing robust activity in the construction and renovation sectors, with a focus on commercial and residential projects. Epoxy coatings, in conjunction with compatible paint thinners, are essential for protecting and enhancing surfaces in these sectors. As North America continues to grow and urbanize, construction and renovation projects remain a driving force. Epoxy coatings and paint thinners are instrumental in achieving durability and aesthetic appeal in these projects. Environmental consciousness and stringent regulations have prompted industries in North America to adopt low-VOC and environmentally friendly coatings, leading to a rising demand for compliant epoxy paint thinners. North America hosts a significant automotive manufacturing industry, demanding high-quality coatings and paint thinners for vehicle production, painting, and refinishing applications. Hence, Booming Automotive Manufacturing is also estimated to boost the regional market growth notably over the forecast period.
