Global Paint Driers Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Primary Drier and Secondary Drier.

By Product;

Liquid Drier, Oil Paint Drier, and Others.

By Application;

Paint & Coatings, Construction, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn770186641 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Paint Driers Market (USD Million), 2021 - 2031

In the year 2024, the Global Paint Driers Market was valued at USD 2,594.34 million. The size of this market is expected to increase to USD 3,900.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global paint driers market plays a crucial role in the coatings industry, serving as a vital additive that accelerates the drying process of paints and coatings. Paint driers are essential for ensuring efficient drying times, enhancing the durability, and improving the overall quality of paints used in various applications, ranging from architectural coatings to automotive finishes. As such, their demand is closely linked to the broader trends in construction, automotive production, and industrial manufacturing sectors.

In recent years, the construction industry has witnessed significant growth worldwide, driven by urbanization, population expansion, and infrastructure development projects. This surge in construction activities has directly contributed to the increased consumption of paints and coatings, thereby boosting the demand for paint driers. Similarly, the automotive sector has seen a rise in production volumes, particularly in emerging economies, which has further propelled the need for high-performance coatings that rely on effective driers for rapid curing and enhanced finish.

Technological advancements in paint formulations have also been a driving force behind the evolution of the paint driers market. Manufacturers are increasingly focusing on developing driers that not only meet stringent environmental regulations but also enhance the performance characteristics of paints, such as resistance to weathering, corrosion, and chemical exposure. This innovation is crucial as it addresses growing concerns over environmental impact and health hazards associated with traditional drier chemistries, prompting the industry to explore greener alternatives and sustainable practices.

Moreover, the market for paint driers is witnessing opportunities in the form of expanding into new geographical markets and collaborating with stakeholders across the value chain. Emerging economies in Asia-Pacific, Latin America, and Africa present untapped potential due to rising disposable incomes, urbanization, and increasing investments in infrastructure. Furthermore, strategic collaborations between drier manufacturers, raw material suppliers, and end-users are fostering innovation in drier technologies, aiming to cater to diverse application needs and regulatory requirements globally. Thus, the global paint driers market continues to evolve, driven by a complex interplay of technological advancements, regulatory landscapes, and shifting consumer preferences towards more sustainable solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Paint Driers Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Paint Technology
        2. Urbanization and Infrastructure Development
        3. Increasing Disposable Income
      2. Restraints
        1. Health and Safety Concerns
        2. Competition from Substitutes
        3. Supply Chain Disruptions
      3. Opportunities
        1. Emerging Markets
        2. Expansion in Automotive Sector
        3. Strategic Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Paint Driers Market, By Type, 2021- 2031(USD Million)
      1. Primary Drier
      2. Secondary Drier
    2. Global Paint Driers Market, By Product, 2021- 2031(USD Million)
      1. Liquid Drier
      2. Oil Paint Drier
      3. Others
    3. Global Paint Driers Market, By Application, 2021- 2031(USD Million)
      1. Paint and Coatings
      2. Construction
      3. Other
    4. Global Paint Driers Market, By Geography, 2021- 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ege Kimya
      2. ARC Chemicals Pvt. Ltd.
      3. Matrixuniversal
      4. Maldeep Catalysts
      5. Comar Chemicals
      6. OPTICHEM
      7. Bech Chem
      8. Organometal
      9. Aryavart Chemicals
      10. Matrix
  7. Analyst Views
  8. Future Outlook of the Market