| Product Code: ETC6901299 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cyprus continued to see a strong influx of paint thinners import shipments, with top exporting countries including Italy, Greece, Netherlands, Germany, and Sweden. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained high, reflecting the dominance of these key players. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 25.35%, showcasing a robust expansion in the market. Additionally, the growth rate from 2023 to 2024 stood at 7.15%, indicating continued momentum in the importation of paint thinners into Cyprus.

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 Cyprus Paint Thinners Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Paint Thinners Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Paint Thinners Market - Industry Life Cycle |
3.4 Cyprus Paint Thinners Market - Porter's Five Forces |
3.5 Cyprus Paint Thinners Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Cyprus Paint Thinners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Cyprus Paint Thinners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Paint Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Paint Thinners Market Trends |
6 Cyprus Paint Thinners Market, By Types |
6.1 Cyprus Paint Thinners Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Paint Thinners Market Revenues & Volume, By Material, 2021- 2031F |
6.1.3 Cyprus Paint Thinners Market Revenues & Volume, By Acetone, 2021- 2031F |
6.1.4 Cyprus Paint Thinners Market Revenues & Volume, By Turpentine, 2021- 2031F |
6.1.5 Cyprus Paint Thinners Market Revenues & Volume, By Naphtha, 2021- 2031F |
6.1.6 Cyprus Paint Thinners Market Revenues & Volume, By Toluene, 2021- 2031F |
6.1.7 Cyprus Paint Thinners Market Revenues & Volume, By Methyl Ethyl Ketone, 2021- 2031F |
6.1.8 Cyprus Paint Thinners Market Revenues & Volume, By Dimethylformamide, 2021- 2031F |
6.2 Cyprus Paint Thinners Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Paint Thinners Market Revenues & Volume, By Epoxy Paint Thinner, 2021- 2031F |
6.2.3 Cyprus Paint Thinners Market Revenues & Volume, By Alkyd Paint Thinner, 2021- 2031F |
6.2.4 Cyprus Paint Thinners Market Revenues & Volume, By Polyurethane Paint Thinner, 2021- 2031F |
6.2.5 Cyprus Paint Thinners Market Revenues & Volume, By Acrylic Paint Thinner, 2021- 2031F |
6.3 Cyprus Paint Thinners Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Paint Thinners Market Revenues & Volume, By Paints & coatings, 2021- 2031F |
6.3.3 Cyprus Paint Thinners Market Revenues & Volume, By Industrial Equipment, 2021- 2031F |
6.3.4 Cyprus Paint Thinners Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
7 Cyprus Paint Thinners Market Import-Export Trade Statistics |
7.1 Cyprus Paint Thinners Market Export to Major Countries |
7.2 Cyprus Paint Thinners Market Imports from Major Countries |
8 Cyprus Paint Thinners Market Key Performance Indicators |
9 Cyprus Paint Thinners Market - Opportunity Assessment |
9.1 Cyprus Paint Thinners Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Cyprus Paint Thinners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Cyprus Paint Thinners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Paint Thinners Market - Competitive Landscape |
10.1 Cyprus Paint Thinners Market Revenue Share, By Companies, 2024 |
10.2 Cyprus 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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