| Product Code: ETC6187509 | Publication Date: Sep 2024 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s paint thinners market witnessed a notable import trend from 2023 to 2024, with a growth rate of 75.0%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at -18.02%. This decline in CAGR could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.

The Paint Thinners Market includes solvents used to reduce paint viscosity for easier application. The market is influenced by the coatings industrys demand for various formulations and the gradual shift towards low-VOC (volatile organic compound) and eco-friendly thinners due to stringent environmental regulations.
The paint thinners market is adapting to shifting preferences toward low-VOC and eco-friendly solvent alternatives in Australia. Traditional solvent-based thinners are facing declining demand due to health and environmental concerns. Water-based and bio-solvent thinners are emerging as popular choices. Industrial applications still maintain demand, but stricter regulations on volatile organic compounds are accelerating market transformation.
The paint thinners market faces challenges from increasing regulatory controls on volatile organic compounds (VOCs) and solvent emissions. Environmental and health concerns are leading to a gradual shift towards water-based alternatives, which reduces the demand for traditional thinners. Price volatility of petroleum-based ingredients also impacts profitability.
The demand for solvent-based products in commercial painting and industrial applications maintains steady growth. However, regulatory constraints on VOC emissions are pushing innovation in low-emission thinners. Investing in R&D for eco-friendly solvents or establishing domestic production facilities to avoid import tariffs offers potential advantages.
Paint thinners are subject to stringent safety regulations due to their flammable and volatile nature. The government mandates proper labeling, packaging, and transportation under the Dangerous Goods Code. Environmental policies also restrict the emission of volatile organic compounds (VOCs), prompting stricter controls on thinner formulations and encouraging the use of low-VOC alternatives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Paint Thinners Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Paint Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Paint Thinners Market - Industry Life Cycle |
3.4 Australia Paint Thinners Market - Porter's Five Forces |
3.5 Australia Paint Thinners Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Australia Paint Thinners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Australia Paint Thinners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Paint Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Australia leading to increased demand for paint thinners. |
4.2.2 Expansion of the automotive sector driving the need for paint thinners for vehicle maintenance and repair. |
4.2.3 Increasing focus on DIY home improvement projects boosting the consumption of paint thinners. |
4.3 Market Restraints |
4.3.1 Stringent environmental regulations impacting the use of certain chemicals in paint thinners. |
4.3.2 Fluctuating raw material prices affecting the production costs of paint thinners. |
4.3.3 Competition from alternative products such as eco-friendly or water-based paint thinners. |
5 Australia Paint Thinners Market Trends |
6 Australia Paint Thinners Market, By Types |
6.1 Australia Paint Thinners Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Australia Paint Thinners Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Australia Paint Thinners Market Revenues & Volume, By Acetone, 2021- 2031F |
6.1.4 Australia Paint Thinners Market Revenues & Volume, By Turpentine, 2021- 2031F |
6.1.5 Australia Paint Thinners Market Revenues & Volume, By Naphtha, 2021- 2031F |
6.1.6 Australia Paint Thinners Market Revenues & Volume, By Toluene, 2021- 2031F |
6.1.7 Australia Paint Thinners Market Revenues & Volume, By Methyl Ethyl Ketone, 2021- 2031F |
6.1.8 Australia Paint Thinners Market Revenues & Volume, By Dimethylformamide, 2021- 2031F |
6.2 Australia Paint Thinners Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Paint Thinners Market Revenues & Volume, By Epoxy Paint Thinner, 2021- 2031F |
6.2.3 Australia Paint Thinners Market Revenues & Volume, By Alkyd Paint Thinner, 2021- 2031F |
6.2.4 Australia Paint Thinners Market Revenues & Volume, By Polyurethane Paint Thinner, 2021- 2031F |
6.2.5 Australia Paint Thinners Market Revenues & Volume, By Acrylic Paint Thinner, 2021- 2031F |
6.3 Australia Paint Thinners Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Paint Thinners Market Revenues & Volume, By Paints & coatings, 2021- 2031F |
6.3.3 Australia Paint Thinners Market Revenues & Volume, By Industrial Equipment, 2021- 2031F |
6.3.4 Australia Paint Thinners Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
7 Australia Paint Thinners Market Import-Export Trade Statistics |
7.1 Australia Paint Thinners Market Export to Major Countries |
7.2 Australia Paint Thinners Market Imports from Major Countries |
8 Australia Paint Thinners Market Key Performance Indicators |
8.1 Average selling price of paint thinners in the market. |
8.2 Number of new construction projects commenced in Australia. |
8.3 Percentage of households engaged in DIY activities that involve painting. |
9 Australia Paint Thinners Market - Opportunity Assessment |
9.1 Australia Paint Thinners Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Australia Paint Thinners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Australia Paint Thinners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Paint Thinners Market - Competitive Landscape |
10.1 Australia Paint Thinners Market Revenue Share, By Companies, 2024 |
10.2 Australia Paint Thinners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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