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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209931

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209931

Solvent Based Coatings Global Market Report 2023

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PAGES: 175 Pages
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“Solvent Based Coatings Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on solvent based coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for solvent based coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The solvent based coatings market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: One Component System Solvent Borne Coating; Two Component System Solvent Borne Coating

2) By Application: Automotive Solvent Borne Coatings; Industrial Solvent Borne Coatings; Printing Inks

3) By Industry Vertical: Utilities; Oil & Gas Industry; Manufacturing Industry; Hospitals; Other Industry Verticals

Companies Mentioned: BASF; AkzoNobel; PPG; Sherwin-Williams; Henkel

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the solvent based coatings market are: BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA.

The global solvent based coatings market will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The solvent based coatings market is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%.

The solvent-based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based coatings. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability.

Asia Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the solvent based coatings market. The regions covered in the solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of solvent-based coatings are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals.

Solvent-based coatings are beneficial in humid environments. The time required to dry for solvent-based coatings is very little when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperature zones. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints, which are solvent-based and are more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits its application in humid environments and thereby contributes to the growth of the market.

Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the market.

The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition. However, additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing, and specific morphology can boost overall performance, improving the dirt pick-up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc.

The countries covered in the solvent based coatings market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent-based coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1784

Table of Contents

1. Executive Summary

2. Solvent Based Coatings Market Characteristics

3. Solvent Based Coatings Market Trends And Strategies

4. Solvent Based Coatings Market - Macro Economic Scenario

4.1 COVID-19 Impact On Solvent Based Coatings Market

4.2 Ukraine-Russia War Impact On Solvent Based Coatings Market

4.3 Impact Of High Inflation On Solvent Based Coatings Market

5. Solvent Based Coatings Market Size And Growth

  • 5.1. Global Solvent Based Coatings Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Solvent Based Coatings Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Solvent Based Coatings Market Segmentation

  • 6.1. Global Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • One Component System Solvent Borne Coating
  • Two Component System Solvent Borne Coating
  • 6.2. Global Solvent Based Coatings Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Automotive Solvent Borne Coatings
  • Industrial Solvent Borne Coatings
  • Printing Inks
  • 6.3. Global Solvent Based Coatings Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Utilities
  • Oil & Gas Industry
  • Manufacturing Industry
  • Hospitals
  • Other Industry Verticals

7. Solvent Based Coatings Market Regional And Country Analysis

  • 7.1. Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Solvent Based Coatings Market

  • 8.1. Asia-Pacific Solvent Based Coatings Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Solvent Based Coatings Market

  • 9.1. China Solvent Based Coatings Market Overview
  • 9.2. China Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Solvent Based Coatings Market

  • 10.1. India Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Solvent Based Coatings Market

  • 11.1. Japan Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Solvent Based Coatings Market

  • 12.1. Australia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Solvent Based Coatings Market

  • 13.1. Indonesia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Solvent Based Coatings Market

  • 14.1. South Korea Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Solvent Based Coatings Market

  • 15.1. Western Europe Solvent Based Coatings Market Overview
  • 15.2. Western Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Solvent Based Coatings Market

  • 16.1. UK Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Solvent Based Coatings Market

  • 17.1. Germany Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Solvent Based Coatings Market

  • 18.1. France Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Solvent Based Coatings Market

  • 19.1. Eastern Europe Solvent Based Coatings Market Overview
  • 19.2. Eastern Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Solvent Based Coatings Market

  • 20.1. Russia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Solvent Based Coatings Market

  • 21.1. North America Solvent Based Coatings Market Overview
  • 21.2. North America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Solvent Based Coatings Market

  • 22.1. USA Solvent Based Coatings Market Overview
  • 22.2. USA Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Solvent Based Coatings Market

  • 23.1. South America Solvent Based Coatings Market Overview
  • 23.2. South America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Solvent Based Coatings Market

  • 24.1. Brazil Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Solvent Based Coatings Market

  • 25.1. Middle East Solvent Based Coatings Market Overview
  • 25.2. Middle East Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Solvent Based Coatings Market

  • 26.1. Africa Solvent Based Coatings Market Overview
  • 26.2. Africa Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Solvent Based Coatings Market Competitive Landscape And Company Profiles

  • 27.1. Solvent Based Coatings Market Competitive Landscape
  • 27.2. Solvent Based Coatings Market Company Profiles
    • 27.2.1. BASF
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. AkzoNobel
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. PPG
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Sherwin-Williams
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Henkel
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Solvent Based Coatings Market

29. Solvent Based Coatings Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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