U.K. Paint Thinner Market Outlook (2018 to 2032)
Synopsis
The above chart is U.K. Paint Thinner Market Outlook (2018 to 2032)
Market Dynamics
the u.k. paint thinner market is likely to experience a positive period of growth over the forecast period, 2018 to 2032. the outlook has been underpinned by a number of factors. firstly, a wide-based trend towards the use of higher value specialty chemicals such as fast-drying and water-resistant paint thinners in the construction sector has led to an increase in demand for these products.
furthermore, a shift in consumer preferences towards eco-friendly and low-voc (volatile organic compounds) products, especially in the industrial applications sector, is expected to drive the adoption of paint thinners over the coming years. this is likely to support the overall growth prospects of the market over the forecast period.
moreover, the emergence of low-tox paints in the market is expected to drive the use of paint thinners in the consumer segment, kick-starting the growth of the long-term demand for these products.
in terms of distribution channels, the industry is likely to be dominated by e-commerce over the forecast period. this is expected to be led by the emergence of several e-commerce and online retail platforms, which are successfully delivering paint thinner products at home.
in terms of market players, some of the key players in the u.k. paint thinner market include ppg industries, cmp specialty products, sherwin-williams, the sherwin-williams company, marmora chemical, and paracoat paint & coatings.
overall, the u.k. paint thinner market is likely to witness a positive period of sustained growth over the forecast period. the perfect combination of technological advancements, consumer preferences, and increased availability of low-tox paints are expected to boost the market prospects over the long run.