| Product Code: ETC351085 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Thailand varnish remover market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -18.77%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 3.68%. This negative import momentum in 2024 could be attributed to shifting consumer preferences or changes in trade policies impacting market stability.
The Thailand varnish remover market is influenced by the country`s manufacturing and construction sectors. Varnish removers are crucial for stripping old paint and varnish coatings from surfaces, making them an essential tool in renovation and refurbishment projects. With ongoing urbanization and infrastructure development in Thailand, the demand for varnish removers has remained consistent. The market is characterized by a wide range of products catering to different requirements, from industrial to household applications.
The Thailand varnish remover market is witnessing growth due to several factors. Firstly, the expansion of the construction and automotive industries in the country has increased the demand for varnish removers, particularly for maintenance and refurbishment purposes. Secondly, the growing awareness of environmental concerns has led to the adoption of eco-friendly and low VOC (volatile organic compound) varnish removers. This shift towards sustainable products aligns with the global trend towards greener solutions. Additionally, technological advancements in varnish remover formulations, such as faster and more effective products, are contributing to market growth.
The Thailand varnish remover market confronts various obstacles. Environmental concerns surrounding the use of solvent-based varnish removers pose a significant challenge, as they contribute to air pollution and harm human health. Furthermore, the market faces competition from alternative methods of varnish removal, such as sanding and scraping. The cost of eco-friendly, non-toxic varnish removers is higher, making them less accessible to budget-conscious consumers. Additionally, educating consumers about the importance of using safe and eco-friendly products remains a challenge. Manufacturers in this market need to invest in research and development to create more effective and affordable eco-friendly varnish removers, while also conducting extensive consumer awareness campaigns.
The varnish remover market in Thailand encountered mixed impacts during the pandemic. On one hand, reduced industrial activities and construction projects led to a decline in the demand for varnish removers. On the other hand, increased DIY home improvement projects during lockdowns resulted in higher sales of varnish removers in the retail sector. As restrictions eased, the market regained momentum, driven by both industrial and consumer demand.
The Thailand varnish remover market is primarily populated by local and international paint and coatings companies. Nippon Paint (Thailand) Co., Ltd. is one of the leading players, offering a wide range of paint and coating products, including varnish removers. Jotun Thailand Co., Ltd. is another major player known for its high-quality varnish removers and coatings. These companies have strong distribution networks and are trusted by professionals and consumers alike for their paint and varnish removal solutions.
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 Thailand Varnish Remover Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Varnish Remover Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Varnish Remover Market - Industry Life Cycle |
3.4 Thailand Varnish Remover Market - Porter's Five Forces |
3.5 Thailand Varnish Remover Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Varnish Remover Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Varnish Remover Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and non-toxic varnish removers in Thailand |
4.2.2 Increasing awareness about the importance of proper surface preparation before re-varnishing |
4.2.3 Expansion of the construction and renovation industry in Thailand |
4.3 Market Restraints |
4.3.1 Strict environmental regulations governing the use and disposal of chemicals in the varnish remover industry |
4.3.2 Competition from alternative methods of varnish removal such as sanding or scraping |
5 Thailand Varnish Remover Market Trends |
6 Thailand Varnish Remover Market, By Types |
6.1 Thailand Varnish Remover Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Varnish Remover Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Varnish Remover Market Revenues & Volume, By Acid Varnish Remover, 2021-2031F |
6.1.4 Thailand Varnish Remover Market Revenues & Volume, By Alkaline Varnish Remover, 2021-2031F |
6.1.5 Thailand Varnish Remover Market Revenues & Volume, By Neutral Varnish Remover, 2021-2031F |
6.2 Thailand Varnish Remover Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Varnish Remover Market Revenues & Volume, By Vehicle Maintenance, 2021-2031F |
6.2.3 Thailand Varnish Remover Market Revenues & Volume, By Industrial Repairs, 2021-2031F |
6.2.4 Thailand Varnish Remover Market Revenues & Volume, By Building Renovation, 2021-2031F |
6.2.5 Thailand Varnish Remover Market Revenues & Volume, By Furniture Refinishing, 2021-2031F |
7 Thailand Varnish Remover Market Import-Export Trade Statistics |
7.1 Thailand Varnish Remover Market Export to Major Countries |
7.2 Thailand Varnish Remover Market Imports from Major Countries |
8 Thailand Varnish Remover Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly varnish removers in the market |
8.2 Number of new construction and renovation projects in Thailand |
8.3 Rate of compliance with environmental regulations in the varnish remover industry |
9 Thailand Varnish Remover Market - Opportunity Assessment |
9.1 Thailand Varnish Remover Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Varnish Remover Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Varnish Remover Market - Competitive Landscape |
10.1 Thailand Varnish Remover Market Revenue Share, By Companies, 2024 |
10.2 Thailand Varnish Remover Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |