betswap.gg-ranked-as-the-best-web3-sports-betting-site-|-by-dapp-radar

Betswap.gg Ranked as the Best Web3 Sports Betting Site | by dAPP Radar

Reading Time: 2 minutes

 

Betswap.gg, the revolutionary peer-to-peer sports betting exchange, has made the number one spot as the “Top Polygon Gambling App” in crypto betting on dApp Radar’s ranking page relative to other blockchain companies based on their trading volume in the past 24 hours, 7 and 30 days.

Betswap.gg launched the beta version of their sports betting site only two and a half months ago. They have since brought in $2.2 million in trading volume across more than 18,000 bets, taking them to the top spot on the leaderboard in an impressively short period of time. According to dApp Rader, in the last 30 days, Betswap.gg has brought in $1.34 million dollars in trading volume and a huge $885.39k in the past seven days on the Polygon chain.

In addition to this, dApp Radar has put Betswap.gg in position number 2 across chains in the category “Top Gambling dApps” in the past seven days, with their trading volume currently standing at $886.88k.

In a short period of time, Betswap has proven to be a leader in the decentralised sports betting scene, posing a real threat to competitors and other protocols planning to join the space, some of whom have recently come under pressure by their community and labeled as a “centralised betting exchange” after requiring users to give personal information to use the app. Betswap is a fully trustless and permissionless platform with no KYC needed, which is preferred by native crypto users. Betswap.gg also does not take custody of users’ funds at any point, allowing players to place individual bets directly from their wallets and withdraw their winnings seamlessly, safely, and instantly.

Betswap Chief Marketing Officer, Thawfeek Ameen said, “there are many reasons that Betswap is the most suitable crypto sports betting app in the industry, including the fact we are EVM-Compatible and do not rely on one single chain to be functional, unlike other platforms. We also do not require personal details of our users; we are fully trustless and permissionless as well as being fast, reliable, and easy to use”. He continues, “We have also decided to give away up to $25,000 during the FIFA tournament, it is our first World Cup on the platform, and we want to show appreciation to the users who have allowed us to do so well in such a short period of time.”

The rating from dApp Radar comes during the FIFA World Cup 2022, reinforcing that Betswap is the best choice for dedicated Web3 sports betting customers in this tournament. Signing up is simple, with users just having to connect their Metamask Web3 wallet to the site, and with a few clicks, they are ready to start placing bets or acting as a bookmaker. During the games, Betswap has created a live betting feature, that allows users to easily follow what’s happening in each game in real time, making the betting experience even more unique and immersive.

You can join in all the sports betting fun during the FIFA here and learn more about the cash giveaway.

unified-payments-platform,-nomupay,-announces-formation-of-global-board-of-directors

Unified Payments Platform, NomuPay, Announces Formation of Global Board of Directors

 

NomuPay Group, a fast-growth financial technology company, today announced the formation of its Global Board of Directors. Composed of seasoned industry veterans, the Board includes Finch Capital Managing Partner, Radboud Vlaar; former WorldFirst CEO and current Marqeta SVP and Managing Director, Jeff Parker; and Lisa Shields, the former CEO of Hyperwallet (now a PayPal service), and current CEO of ERP-banking platform, FISPAN. Juan Benitez, the former General Manager of Braintree and previous GoFundMe President, has also joined the Board in an advisory capacity. Each of these Board members brings with them a wealth of payments expertise, including extensive knowledge of acquiring, processing and disbursements.

“I am extremely excited to welcome these four individuals to the NomuPay Board and team,” said Peter Burridge, Group CEO. “The vision and expertise that these leaders are capable of providing NomuPay is tremendous; I couldn’t have asked for a more talented group to guide the growth of our platform.”

A modern end-to-end payment platform purpose-built for expansion into regions of high cross-border and ecommerce growth, NomuPay’s Unified Payments (uP) Platform provides omnichannel payments acceptance and payout disbursements through a single API integration. Launched in 2021, NomuPay’s uP Platform is focused on simplifying fragmented payment infrastructure throughout Southeast Asia and Turkey, providing European and North American partners with scalable solutions and transparent reporting capabilities.

Radboud Vlaar / Managing Partner, Finch Capital / Board Member, NomuPay

Radboud is the Managing Partner of Finch Capital. Prior to launching the firm, Radboud was a Partner at McKinsey & Company where he was co-lead of Digital Banking globally, as well as a member of the EMEA Banking Leadership. Prior to McKinsey, Radboud worked at TPG; he has also co-founded 3 companies. Radboud has led firm investments in ZOPA, Fixico, Fourthline, Goodlord, NomuPay and BUX, among others. He is currently a Supervisory Board Member at Robeco.

Jeff Parker / SVP and Managing Director Marqeta / Board Member, NomuPay

Jeff is an experienced fintech executive. He is currently SVP and Managing Director of Marqeta. Previously, Jeff was the CEO of WorldFirst, a UK-based cross-border payments platform, which was acquired by Ant Group in 2019. Jeff has served on the global executive team at OFX in the role of Chief Enterprise Officer. Prior to this, he has also held roles at Macquarie, Accenture and JP Morgan. He currently holds an advisory role with Stake, the online share trading platform.

Lisa Shields / CEO FISPAN / Board Member, NomuPay

Lisa is an experienced fintech founder and executive. She is currently the CEO of FISPAN, the market leader in ERP-banking. Previously, Lisa founded and led global payments platform, Hyperwallet, for 15 years, which was acquired by PayPal in 2018. Lisa holds an MS in Engineering from MIT. She is a member of the Canadian FinPay Committee, was named the EY Regional Entrepreneur Of The Year in 2015 and received a Women in Payments Innovation Award in 2016.

Juan Benitez /  Former President, GoFundME / Board Observer and Advisor, NomuPay

The former President of GoFundMe, Juan has more than 20+ years of experience in technology, product, and business leadership. Prior to GoFundMe, Juan was General Manager of Braintree, a global payments company that was acquired by PayPal in 2013. Before serving as GM, Juan led product and engineering as Braintree’s CTO. Prior to Braintree, he spent nine years in various capacities at Yahoo!, including VP of Engineering in Yahoo!’s Advertising Products Group and VP of Search Advertising. Benitez holds a BS and MS in Electrical and Computer Engineering from Carnegie Mellon University. Juan enjoys advising several companies and serving on the board of the American Red Cross Silicon Valley Chapter.

real-estate-market-to-reach-$4,9233-billion,-globally,-by-2031-at-5.3%-cagr:-allied-market-research

Real Estate Market to Reach $4,923.3 Billion, Globally, by 2031 at 5.3% CAGR: Allied Market Research

 

Allied Market Research published a report, titled, “Real Estate Market By Property (Residential, Commercial, Industrial), By Business (Sales, Rental), By Type (Land, Buildings): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global real estate industry is estimated to generate $28,917.7 billion in 2021 and $4,923.3 billion by 2031, witnessing a CAGR of 5.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Free Sample Report (220 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/6394

Drivers, Restraints, and Opportunities

Growth in urbanization and population which is driving the demand for residential, commercial, and industrial properties in developing countries and government initiatives to open the sector for foreign direct investment fuel the growth of the global real estate market. However, there has been a very slow rate of growth in the residential real estate market in developed nations, as major cities have reached saturation due to expansion. This factor hinders the market growth. On the other hand, governments in many developing nations such as India have planned new cities such as Dream City in Gujarat and New Kanpur, which would have commercial, industrial, and residential zones. This presents new opportunities in the market in the coming years.

Covid-19 Scenario

  • The real estate market was negatively impacted by the outbreak of the COVID-19 pandemic. The construction, manufacturing, hotel, and tourism industries were highly affected.
  • With governments all over the world imposing lockdowns, manufacturing facilities across the globe were shut down, owing to the crisis and unavailability of workforce. This resulted in the reduction of construction activities.
  • However, real estate companies have now started operating at their full-scale capacities that is helping the market to recover at a swift pace.

The buildings segment to dominate the market in terms of revenue during the forecast period

Based on type, the buildings segment contributed to the largest share of more than two-thirds of the global real estate market in 2021, and is expected to lead the trail during the forecast period. Moreover, the same segment is projected to witness the fastest CAGR of 5.7% from 2022 to 2031, as it saves the time required for construction and helps in saving the cost.

The residential segment to maintain its lion’s share during the forecast period

Based on property, the residential segment held the largest share of more than two-fifths of the global real estate market in 2021, and is expected to maintain a prominent growth during the forecast period. Moreover, the same segment is likely to exhibit the highest CAGR of 5.7% in 2031. This is because it provides diversification, improved liquidity, and greater resilience of rental income during the time of market downturns.

Buy This Research Report @ https://bit.ly/3UyDH3J

The sales segment to garner the largest revenue by 2031

Based on business, the sales segment was the largest market in 2021, accounting for nearly two-thirds of the global real estate market, and is likely to lead the trail throughout the forecast period. Moreover, the same segment is anticipated to manifest the fastest CAGR of 5.7% during the forecast period. The growth of the segment is attributed to the benefits it provides such as greater privacy, better customization and more tax benefits.

Asia Pacific to garner the largest revenue by 2031

Based on region, Asia-Pacific was the largest market in 2021, accounting for more than two-fifths of the global real estate market, and is anticipated to manifest the largest revenue growth during the forecast period. This is due to growing acquisitions by different companies to expand business in the region. However, the market in LAMEA is likely to grow at the fastest CAGR of 6.4% during the forecast period, owing to growing investment by the government for infrastructural development in the region.

Purchase Inquiry:

https://www.alliedmarketresearch.com/purchase-enquiry/6394

Leading Market Players

  • American Tower Corporation
  • AvalonBay Communities, Inc.
  • Ayala Land, Inc.
  • Gecina Inc.
  • Link REIT
  • Prologis
  • Segro plc
  • Simon Property Group, Inc.
  • Sinar Mas Land
  • Welltower Inc.

The report analyzes these key players of the global real estate market. These players have adopted various strategies such as expansion, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Trending Reports in Real Estate Industry (Book Now with 10% Discount):

Residential Real Estate Market is Expected to Reach $12,182.1 billion by 2027

Commercial Real Estate Brokerage and Management Market is Expected to Reach $424,406.0 million by 2030

Home improvement services market is Expected to Reach $585.3 billion by 2030

Home Warranty Service Market Registering a CAGR of 6.3% from 2021 to 2030.

IoT in Construction Market Growing at a CAGR of 14.0% from 2020 to 2027

Hospitality Real Estate Sector Market – G lobal Opportunity Analysis and Industry Forecast, 2021-2030

Aviation Infrastructure Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

playv-run-season-2,-the-final-match-open

PlayV Run Season 2, The Final Match Open

 

PlayV, the global crypto currency social trading platform, announced on the 5th that competition of the 2022 PlayV Run Season 2:  Final Match had begun.

PlayV’s trading competition started with the first round on August 29th and recently completed a successful second round of the competition, recording returns of up to 77%. About 70 global traders who participated in the competition recorded high returns in the bear market caused by unfavorable factors.

A prize pool of $40,000 has been paid out thus far, and in the third and final round of trading competition, approximately $25,000 worth of prize money will be paid out.

A PlayV official stated, “The ROIs for top traders are increasing as the competition continues. Skilled traders are shining brightly even in this bear market. We’re expecting great results from the third round, and for the first time in a trading competition, we’re providing seed support to traders. This is not only a means to recruit skilled traders but also bolster investor security.”

The trader application period for the third round will be from December 5 to 19 , and the competition will run from December 19 to January 9, 2023. Various bounty events are being offered to traders and investors. When traders create strategies, PlayV plans to purchase additional strategies on their behalf, which will apply to the first 20 traders registered as early birds. Additional purchases of up to $10,000 will be made for strategies at a 1:2 investment-to-purchase ratio.

Details such as the prize pool and conditions for winning can be found on the PlayV website.

BC Labs, the operator of PlayV, acquired ISO/IEC 27001:2013 certification last October. “We obtained ISO/IEC 27001 certification with the goal of providing users with a secure social cryptocurrency trading platform, and we will continue to strive to protect customer data and comply with laws related to information security,” said Steve, CEO of BC Labs.

Last month, PlayV participated in Blockchain Week in Busan (BWB 2022), introducing their social virtual asset trading service and conducting an AMA.

pressenter-group-launches-casinofest-brand

PressEnter group launches CasinoFest brand

Reading Time: < 1 minute

 

Operator’s latest online casino brand delivers a modern, engaging player experience thanks to its bold and striking design

PressEnter Group is looking to disrupt the online casino space with its latest brand launch, CasinoFest.

The sleek and stylish design has been inspired by the fun, passion and excitement that typically surrounds music festivals. This, together with a functional and easy to use UX/UI design, provides a next-generation casino experience across desktop and mobile.

This makes CasinoFest a challenger brand that promises to deliver a great encounter to players in numerous markets across the world.  It will also stand out against rival brands on the affiliate sites that PressEnter Group works with thanks to its bold branding.

CasinoFest is the latest addition to PressEnter Group’s growing roster of player-favourite online casino brands that includes 21 .com, JustSpin, NeonVegas Casino, NitroCasino, UltraCasino, RapidCasino.

Axel Munkeby, Commercial Director at PressEnter Group, said: “CasinoFest is a new online casino that delivers a next-gen player involvement thanks to its impactful design, meticulously planned player journey and the huge selection of slots and games available to players”.

wealthcare-app-hugosave-acquires-visa-principal-member-issuing-licence-in-singapore

Wealthcare® App Hugosave Acquires Visa Principal Member Issuing Licence in Singapore

 

Singapore-based Wealthcare® and savings app Hugosave officially announced today that it has become a Visa Principal Member Issuing Licensee under its parent company, Atlas Consolidated Pte Ltd. As a Principal Licence holder, Hugosave will now be able to issue Visa cards directly, as well as sponsor Associate licences under Visa[1].

“Becoming a Visa Principal Member Issuing Licensee places us alongside other key Visa clients and it is a recognition of our experience in risk underwriting and payments management. This status now allows us to not only scale our Hugosave business in and beyond Singapore swiftly; it allows us to expand our business opportunities by offering our own fintech-as-a-service (FaaS) platform,” said David Fergusson, Chief Executive Officer and Co-Founder, Hugosave.

“Visa has been working with Fintech partners through our Visa Fintech Fast Track programme to support them as they go-to-market to launch their products and solutions and help them scale. With Hugosave becoming a principal issuer, they can now issue their own cards directly just like traditional Financial Institutions. We believe it is important to help more players enter the payments ecosystem to bring seamless and convenient digital payments to more consumers and businesses in Singapore,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.

“Under the Visa Fintech Fast Track Programme, we have achieved Visa Principal Member Issuing Licensee status after a rigorous application process in record time. This is a testament of Hugosave’s capabilities in compliance and assures clients that their account safety as well as Hugosave’s operating model is of world-class standards. With this new licence, Hugosave can now have greater flexibility in our operations and continue to deliver exceptional value to our clients,” said Ben Davies, Chief Operating Officer and Co-Founder, Hugosave.

New cards to be issued to all clients

As a newly-appointed Principal Licensee with Visa, Hugosave will be issuing new Hugosave Visa Platinum Debit Cards to all existing Hugosave Plus+ Account members. To provide greater flexibility and ease, clients have a 30-day period to opt in to receive their new Hugosave Debit Cards by mail at their convenience. All existing Hugosave clients will also receive a new Hugosave Account number.  Clients’ existing Hugosave Debit Cards will remain valid until their new Hugosave Debit Cards have been activated.

Numberless card for enhanced security

The Hugosave Debit Card is a numberless debit card linked to the client’s Hugosave Account. To enhance the safety and security of the Hugosave Account, access to card details such as the 16-digit card number, expiration date, and CVV are on-demand only through the Hugosave app, secured by biometrics and Hugosave PIN authentication. Only the client’s name is printed on the Hugosave Debit Card. With the ability to lock their cards via the app at any time, Hugosave clients have a greater peace of mind knowing that they can easily secure their account and money anytime and anywhere.

To use the Hugosave Debit Card, clients simply need to ensure their Hugosave Plus+ Account is funded, up to S$5,000. Regardless of online or offline transactions, clients can use their Hugosave Debit Card to make payments at over 80 million Visa merchants globally[2], with no additional fees as all foreign exchange rates on overseas transactions are based on the existing Visa FX rate.

Every transaction made on the Hugosave Debit Card will be rounded up to the nearest dollar through Hugosave’s proprietary Roundups feature. The accumulated Roundups are swept into the client’s Gold Vault and automatically invested into physical gold, helping them grow their savings over the long-term to get better value from their everyday spends and more a little at a time, often and early. In addition, Hugosave Debit Card clients can also explore a plethora of deals at https://hugosave.blog/offers.

Launched in July 2021, Hugosave is Singapore’s first Wealthcare® and savings app which helps clients become financially fit by spending smarter, saving more, and investing diligently, starting with gold. Today, more than 60,000 clients in Singapore are using Hugosave to optimise their finances. Owned and operated by Atlas Consolidated Pte Ltd, Hugosave was established in December 2019 by financial and technological stalwarts David FergussonBen Davies, Braham Djidjelli and Surya Tamada. Hugosave is a certified FinTech of the Singapore FinTech Association and received its licensing approval to operate as a Major Payment Institution [PS20200550] from the Monetary Authority of Singapore on 1 April 2022 and Regulated Precious Metals Dealers Certification [PS20200001983] from the Ministry of Law, Singapore on 1 August 2021.

finvolution-maintains-status-of-low-risk-rating-from-sustainalytics

FinVolution maintains status of Low-Risk Rating from Sustainalytics

 

FinVolution Group (“FinVolution,” or the “Company”) (NYSE: FINV), a leading fintech platform, today announced that it has received a “low risk” Environmental, Social and Governance (ESG) rating from Sustainalytics for the second consecutive year, placing the Company’s ESG performance among the top 15% of its industry peer group.

Sustainalytics’ ESG Risk Ratings measure the degree to which a company’s economic value is at risk driven by ESG factors or, in other words, the magnitude of a company’s unmanaged ESG risks. Covering more than 16,000 companies, Sustainalytics provides the widest coverage of analyst-based ESG Risk Ratings in the market. Based on scoring across a broad range of categories and metrics, FinVolution was designated as “low risk” by Sustainalytics’ ESG Risk Rating system.

Mr. TieZheng Li, Deputy Chairman and President of FinVolution, commented, “We are very proud that our ESG efforts are recognized by Sustainalytics once again this year, a compelling testament to our visions, policies and practices of sustainability. Committed as always, we strive to promote all aspects of ESG in our operations, including corporate governance and behavior, data privacy and security, human capital development, environmental protection and corporate social responsibility. Moving forward, we will continue to enhance our ESG engagement, redoubling our efforts to propel sustainable development while also creating long-term value for our stakeholders.”

pragmatic-play-releases-reel-banks

Pragmatic Play Releases Reel Banks

Reading Time: < 1 minute

 

Pragmatic Play, a leading content provider to the iGaming industry, welcomes players on a quest to discover the riches that are hidden inside the safe in the newly released Reel Banks.

Played across a 5×4 reel layout, the slot takes players into the heart of a bank with symbols depicting money, gold bars and lucky sevens, which need to form matching combinations across the title’s 25 paylines to award a win.

Players are assisted in triggering these wins with wilds that substitute for all other symbols in game, except for scatters. Collect symbols are included to gather instant cash prizes on the reels, and additionally, free spins are awarded when at least one bonus coin is present on each reel in the base game.

Here, the collect mechanic is removed and updated with new in-game modifiers that can increase coin values, award extra spins, multiply wins, and collect all bank values, providing players with huge win potential.

taking-on-the-trillion-dollar-illegal-gambling-menace:-matt-zarb-cousin-joins-the-yield-sec-team

Taking on the Trillion Dollar Illegal Gambling Menace: Matt Zarb-Cousin joins the Yield Sec team

Reading Time: 3 minutes

 

Yield Sec, the actionable intelligence platform helping legal industry, government, regulatory and advertising stakeholders to fight the impact of crime upon the gambling ecosystem, has appointed Matt Zarb-Cousin as their Senior Advisor for Government and Regulatory Affairs.

Zarb-Cousin, an experienced and highly respected campaigner for consumer safety and the public good across the gambling experience, joins the rapidly growing Yield Sec platform at an exciting time.

 

As the 2022 FIFA World Cup in Qatar progresses through playoffs and final stages, the global betting industry is already seeing vast increases in illegal and unregulated sports betting activity, with many jurisdictions currently monitored by Yield Sec displaying triple-digit year-on-year increases in black-market traffic, engagement, and commercial conversion both prior to, and during the FIFA World Cup. It’s impossible for consumers to effectively distinguish legal and licensed gambling operators from illegal, criminal ones, and all illicit betting and gambling activity removes revenue, taxation and good causes funding from state and national commerce and communities, whilst frustrating the ambition of legal gambling to replace illegal activity and sustainably provide for the regulated marketplace as legislators intended, as legal operators work for, and which regulators act to effect.

 

The appointment of Zarb-Cousin further strengthens Yield Sec’s betting, gaming, and lottery expertise across stakeholders – government, regulator, operators, suppliers, affiliates, ad platforms, financial institutions, payment providers and law enforcement. This expert human insight works alongside the data science and analytics teams in parallel with the company’s proprietary technology, AI, and machine learning to identify, qualify and quantify threats and deny criminal entrants the ‘oxygen of marketing’ necessary to acquire new audiences and reach or reactivate existing customers.

 

Matt Zarb-Cousin, Senior Advisor for Government and Regulatory Affairs at Yield Sec, said: “I am delighted to be joining the Yield Sec team and look forward to educating governments and regulators globally in how the pioneering platform can identify, qualify and quantify the marketplace, totally, and help legal stakeholders drive out crime to safeguard vital tax revenues that are presently lost to illegal and unlicensed operators.  The debate around online gambling’s black market has for too long been impacted by those with a vested interest in maintaining inefficient licensing and regulatory models, rather than by those who wish to see the contained, commercial marketplace work to the benefit of our commerce and communities. Yield Sec presents solutions for all legal stakeholders to optimize their positions in the marketplace and allow them to work effectively, together, whilst shielding and protecting revenue, taxation, and consumer safety measures so that legal gambling can deliver benefits for each jurisdiction.”

 

Ismail Vali, Founder and CEO of Yield Sec, said: “Matt is known for his forthright and pioneering viewpoints and work across tech and the public good. Where he and I found shared thinking on Yield Sec is upon the sole partisan line that our platform holds sacred: the line separating all legal stakeholders in a regulated jurisdiction from criminal, black-market infiltration. I am pleased and proud to welcome Matt to the team – across his focus with regulatory and government outreach, I know his insight and experience will help our legal stakeholder clients to understand, combat and defeat the existential threat presented by illegal betting, gaming, and lottery activity, and its insidious impact upon our commerce and communities.”

 

Alastair Graham, Chief Operating Officer of Yield Sec, said: “Matt’s profile and status across the government and regulatory community in betting, gaming and lottery is without equal and this ability to reach the broadest possible audience will aid Yield Sec in educating and assisting our legal stakeholder clients to optimize and protect their taxable revenue, positively benefiting regulators, national, state, and tribal governments, consumers, communities and legal, regulated operators and suppliers, whilst simultaneously ensuring for a fair marketplace with safe consumer experiences.”

paint-thinner-market-to-garner-$164-billion,-globally,-by-2031-at-4.1%-cagr,-says-allied-market-research

Paint Thinner Market to Garner $16.4 Billion, Globally, By 2031 at 4.1% CAGR, Says Allied Market Research

 

Allied Market Research published a report, titled, “Paint Thinner Market by Solvent Type (Acetone, Turpentine, Naphtha, Toluene, Methyl Ethyl Ketone, Others), by Application (Paints and Coatings, Industrial Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031“. According to the report, the global paint thinner industry was estimated at $11.0 billion in 2021, and is anticipated to hit $16.4 billion by 2031, registering a CAGR of 4.1% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chains, competitive scenarios, and regional landscapes.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/32094

Determinants of growth:

Growing population base has led to rapid urbanization in both developed and developing economies such as the U.S., ChinaIndia has increased government expenditure on the building & construction sector to develop various infrastructure projects, which in turn has driven the paint thinner market. On the other hand, the cost involved in the formulation of paint thinners is high that results in expensive final products, which impedes the growth to some extent. However, rise in young population coupled with increase in number of car enthusiasts have created lucrative opportunities in the industry.

Covid-19 scenario:

  • Dependence of the paint thinner market on industries such as aerospace, building & construction, and automotive & transportation had a sheer negative impact on the market growth.
  • However, rise in awareness about using eco-friendly products among citizens of both developed and developing economies has increased the popularity of paint thinners with minimal or no volatile organic compounds (VOCs) emissions in various end use sectors post Covid-19.

The methyl ethyl ketone segment garnered the highest share:

By solvent type, the methyl ethyl ketone segment held the major share in 2021, generating nearly one-third of the global paint thinner market revenue. The same segment would also showcase the fastest CAGR of 4.6% during the forecast period. This is due to the fact that increasing demand for consumer goods has increased the establishment of chemical manufacturing units in both developed and developing economies where methyl ethyl ketone-based paint thinners are extensively used along with paints for finish coat in steel structures, industrial equipment, and others.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/32094

The paints and coatings segment garnered the major share in 2021:

By application, the paints and coatings segment generated the highest share in 2021, garnering nearly two-thirds of the global paint thinner market revenue and is expected to rule the roost by 2031. The same segment would also portray the fastest CAGR of 4.3% during the forecast period. This is attributed to the increasing population coupled with rapid urbanization, which in turn have surged the demand for both residential and commercial facilities where a wide range of paint thinners are used in conjunction with paints & coatings to enhance the visual appeal, surface durability, chemical protection and pest protection.

Asia-Pacific grabbed the lion’s share:

By region, the Asia-Pacific region contributed to nearly half of the global paint thinner market revenue in 2021, and is projected to rule the roost by 2031. The same region would also showcase the fastest CAGR of 4.4% from 2022 to 2031. This is attributed to the huge advancements made in industries such as building & construction, transportation, industrial, and others across the region.

Key players in the industry:

  • Hempel A/S
  • Jotun
  • Kansai Paint Co., Ltd.
  • Kwality Paints and Coatings Pvt. Ltd.
  • PPG Industries, Inc.
  • RPM International Inc.
  • The Sherwin-Williams Company
  • Axalta Coating Systems, LLC
  • Zigma Paints Pvt. Ltd.

The report analyzes these key players in the global paint thinner market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
https://www.alliedmarketresearch.com/paint-thinner-market/purchase-options

Similar Reports:

Antifouling Paints and Coatings Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

Paints and Coatings Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

Mosquito-Repellent Paints Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Egypt Paints & Coatings Market: Opportunity Analysis and Industry Forecast, 2020-2027

Mineral Turpentine Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

Toluene Market: Global Opportunity Analysis and Industry Forecast, 2021-2030