| Product Code: ETC8631698 | Publication Date: Sep 2024 | Updated Date: Nov 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, Nigeria`s paint thickeners import market saw shipments primarily coming from Indonesia, Turkey, India, UAE, and China. Despite the diversity of sources, the market remains relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -23.43%, with a further decrease in growth rate from 2023 to 2024 at -27.65%. This trend suggests a challenging landscape for paint thickeners importers in Nigeria, emphasizing the need for strategic adjustments and market insights to navigate the shifting dynamics.

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 Nigeria Paint Thickeners Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Paint Thickeners Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Paint Thickeners Market - Industry Life Cycle |
3.4 Nigeria Paint Thickeners Market - Porter's Five Forces |
3.5 Nigeria Paint Thickeners Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Paint Thickeners Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.7 Nigeria Paint Thickeners Market Revenues & Volume Share, By Paint Type, 2021 & 2031F |
4 Nigeria Paint Thickeners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development in Nigeria leading to higher demand for paints and coatings. |
4.2.2 Growing construction activities and renovation projects in residential and commercial sectors. |
4.2.3 Rising disposable income of the middle-class population driving the demand for aesthetic home decor. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as acrylic resins impacting production costs. |
4.3.2 Stringent regulations on VOC emissions leading to the need for eco-friendly paint thickener formulations. |
4.3.3 Intense competition in the market leading to pricing pressures for paint manufacturers. |
5 Nigeria Paint Thickeners Market Trends |
6 Nigeria Paint Thickeners Market, By Types |
6.1 Nigeria Paint Thickeners Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Paint Thickeners Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Paint Thickeners Market Revenues & Volume, By Starch, 2021- 2031F |
6.1.4 Nigeria Paint Thickeners Market Revenues & Volume, By Xanthan Gum, 2021- 2031F |
6.1.5 Nigeria Paint Thickeners Market Revenues & Volume, By Carrageenan, 2021- 2031F |
6.1.6 Nigeria Paint Thickeners Market Revenues & Volume, By Guar Gum, 2021- 2031F |
6.1.7 Nigeria Paint Thickeners Market Revenues & Volume, By Locust Bean Gum, 2021- 2031F |
6.1.8 Nigeria Paint Thickeners Market Revenues & Volume, By Gum Arabic, 2021- 2031F |
6.2 Nigeria Paint Thickeners Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Paint Thickeners Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.3 Nigeria Paint Thickeners Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.4 Nigeria Paint Thickeners Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.5 Nigeria Paint Thickeners Market Revenues & Volume, By Textile, 2021- 2031F |
6.2.6 Nigeria Paint Thickeners Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.7 Nigeria Paint Thickeners Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Paint Thickeners Market, By Paint Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Paint Thickeners Market Revenues & Volume, By Water-Based Paint, 2021- 2031F |
6.3.3 Nigeria Paint Thickeners Market Revenues & Volume, By Oil Based Paint, 2021- 2031F |
6.3.4 Nigeria Paint Thickeners Market Revenues & Volume, By Solvent-Based Paint, 2021- 2031F |
7 Nigeria Paint Thickeners Market Import-Export Trade Statistics |
7.1 Nigeria Paint Thickeners Market Export to Major Countries |
7.2 Nigeria Paint Thickeners Market Imports from Major Countries |
8 Nigeria Paint Thickeners Market Key Performance Indicators |
8.1 Consumer sentiment towards eco-friendly paint products. |
8.2 Number of new construction permits issued in Nigeria. |
8.3 Adoption rate of innovative paint thickener technologies in the market. |
9 Nigeria Paint Thickeners Market - Opportunity Assessment |
9.1 Nigeria Paint Thickeners Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Paint Thickeners Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.3 Nigeria Paint Thickeners Market Opportunity Assessment, By Paint Type, 2021 & 2031F |
10 Nigeria Paint Thickeners Market - Competitive Landscape |
10.1 Nigeria Paint Thickeners Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Paint Thickeners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |