The Global Acrylic Paint Thinner Market was valued at USD 1.87 Billion in 2024 and is projected to reach USD 2.31 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period (2024–2030). This growth is being driven by increasing construction activities, rising automotive production, and the accelerating adoption of eco-friendly and low-VOC formulations across industrial and consumer applications.

As the coatings industry transitions toward sustainable operations and stricter environmental regulations, the focus shifts to leading chemical companies driving innovation, efficiency, and cleaner solvent technologies. In this blog, we profile the Top 10 Companies in the Acrylic Paint Thinner Industry—a mix of chemical giants, paint manufacturers, and specialty chemical innovators shaping the future of global coatings formulations.

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🔟 1. Akzo Nobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Standard Thinners, Specialty Thinners, Low-VOC Formulations

Akzo Nobel is a global leader in paints and coatings, offering comprehensive acrylic paint thinner solutions through its renowned brands including Sikkens and International. Their chemical division serves architectural, automotive, industrial, and marine sectors with advanced solvent technologies and environmental compliance expertise.

Sustainability Initiatives:

• Targeting 50% carbon reduction across value chain by 2030

• Water-based and sustainable thinner development

• Zero-waste-to-landfill commitment across manufacturing operations

Download FREE Sample Report: Global Acrylic Paint Thinner Market – View in Detailed Research Report

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9️⃣ 2. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Standard Thinners, Custom Blends, VOC-Compliant Formulations

PPG Industries operates in more than 70 countries and serves over 100,000 customers globally. The company is a significant player in solvent technology, particularly through its acquisition of The Crown Group and development of next-generation coating systems.

Sustainability Initiatives:

• 2030 sustainability targets including 50% sales from sustainably advantaged products

• Strategic partnerships with raw material suppliers for greener solvent alternatives

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Standard Acrylic Thinners, High-Performance Solvents

BASF’s coatings division is expanding its sustainable footprint through bio-based solvents and water-borne technologies. The company drives innovation through its Verbund integrated production system and global R&D network.

Sustainability Initiatives:

• Global R&D investment exceeding €2.2 billion annually

• Development of solvent blends with improved eco-toxicological profiles

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7️⃣ 4. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Thinner Products, Specialty Solvents, VOC-Compliant Solutions

Sherwin-Williams is one of North America’s leading paint thinner suppliers, serving both industrial and consumer markets. The company maintains extensive distribution networks and technical service capabilities globally.

Sustainability Initiatives:

• Goal of reducing VOC content across product portfolio by 40% by 2030

• Multiple manufacturing facilities with advanced solvent production technologies

Download FREE Sample Report: Global Acrylic Paint Thinner Market – View in Detailed Research Report

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6️⃣ 5. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Standard Thinners, High-Performance Solvents

Nippon Paint commands significant market presence across Asia-Pacific, with expanding operations in Europe and Americas. The company focuses on technical innovation and regulatory compliance across its solvent product lines.

Sustainability Initiatives:

• Extensive thinner product portfolio with ISO 9001 certified manufacturing

• Commitment to sustainable product development and environmental stewardship

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5️⃣ 6. Axalta Coating Systems, LLC

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Industrial Thinners, Automotive Solvents, Custom Blends

Axalta is a global coatings company with deep expertise in solvent technologies. Their product portfolio serves transportation, general industrial, and architectural applications with custom-formulated solutions.

Sustainability Initiatives:

• 2021 sustainability goals achievement with 40% energy efficiency improvement

• Global technical service network supporting thinner application optimization

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4️⃣ 7. Jotun

Headquarters: Sandefjord, Norway
Key Offering: Standard Thinners, Specialty Solvents

Jotun operates manufacturing facilities in all key regions and employs advanced solvent technology platforms. Their thinner products are engineered for optimal performance across different climatic conditions and application methods.

Sustainability Initiatives:

• Green technology investments exceeding USD 150 million annually

• Strong focus on marine and protective coatings with compatible thinner systems

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3️⃣ 8. Kansai Paint Co. Ltd.

Headquarters: Osaka, Japan
Key Offering: Industrial Thinners, Marine Solvents

Kansai Paint maintains a robust thinner product line across its global operations. The company’s technical expertise spans automotive OEM, industrial maintenance, and decorative applications with tailored solvent solutions.

Sustainability Initiatives:

• Global production capacity expansion with environmental compliance integration

• Strategic alliances with chemical distributors enhancing market reach

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2️⃣ 9. Hempel A/S

Headquarters: Kongens Lyngby, Denmark
Key Offering: Standard Thinners, Custom Formulations

Hempel operates in over 100 countries with extensive thinner product lines. Their commitment to quality ensures consistent performance across diverse application environments.

Sustainability Initiatives:

• Integrated solvent production with quality management systems

• Focus on high-performance thinner solutions for demanding industrial applications

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1️⃣ 10. 3M

Headquarters: Maplewood, Minnesota, USA
Key Offering: Specialty Thinners, Industrial Solvents

3M offers advanced acrylic paint thinner solutions through its industrial business group. The company leverages its material science expertise to develop innovative solvent technologies with improved safety and environmental profiles.

Sustainability Initiatives:

• Global thinner production with technical support capabilities

• Investment in R&D for next-generation solvent systems

Get Full Report Here: Global Acrylic Paint Thinner Market – View in Detailed Research Report

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🌍 Outlook: The Future of Acrylic Paint Thinner Is Greener and Smarter

The acrylic paint thinner market is undergoing a significant transformation. While conventional mineral spirit-based thinners still dominate market volume, the industry is heavily investing in eco-friendly alternatives, formulation technologies, and low-emission solvent networks.

📈 Key Trends Shaping the Market:

• Rapid adoption of water-based and bio-solvent technologies

• Regulatory push for VOC reduction and environmental compliance

• Digitalization of supply chains and inventory management systems

• Manufacturer-distributor alliances for technical service expansion

Get Full Report Here: Global Acrylic Paint Thinner Market – View in Detailed Research Report

The companies listed above are not only supplying global coatings formulations—they’re spearheading the sustainable transformation of industrial and decorative applications.