Canada Paint Thinner Market

Synopsis
The above chart is Canada Paint Thinner Market Outlook (2018 to 2032)

Market Dynamics

the paint thinner market in canada is expected to witness significant growth in the forecast period 2018-2032. the high demand for thinners due to its applications in a variety of industries, such as automotive, manufacturing, construction, and maintenance, is driving the market growth. in addition, the deregulation of the canadian auto industry coupled with the increased production of vehicles is expected to be a major factor driving the market for paint thinners in the country. moreover, the growing trend of water-based coatings in the automotive industry, as well as in the manufacturing sector, is likely to propel the market further. however, the hazardous nature of organic solvents present in paint thinners may hamper the growth of this market. also, safety regulations imposed by the local bodies in canada with respect to the storage and distribution of volatile organic compounds containing paint thinners may limit the expansion of the overall market. the market for paint thinners is analyzed based on product, sub-product, and application. on the basis of product, the market is divided into solvent-based thinners, water-based thinners, and others. major sub-products covered in this segment are iso-butanol, petroleum-based thinner, mineral spirits, methyl ethyl ketone (mek), n-heptane, and others. on the basis of application, the paint thinners market in canada is segmented into automotive, industrial, and others. in terms of regions, the paint thinner market in canada is fragmented into eastern canada, western canada, central canada, and northern canada. the eastern canada region is projected to register a high cagr during the forecast period due to the high demand for the product from the automotive industry. moreover, the growing construction sector in this region is also expected to boost the demand for paint thinners in the near future. in conclusion, the canadian paint thinner market is poised for significant growth in the coming years, owing to the increased demand from diverse industries. the increasing production of vehicles, coupled with the use of water-based coatings, will be the major drivers of the market. furthermore, stringent safety regulations may present a challenge for the vendors operating in this market.