Market Overview:
The global solvent borne coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solvent borne coatings in automotive, industrial and printing applications. In terms of volume, the global solvent borne coatings market is projected to reach 9,811 kilo tons by 2030. Based on type, the global solvent borne coatings market can be segmented into one component system and two component system solvents. The two component system solvents are further sub-segmented into acrylics and polyurethanes. Among these segments, acrylics are expected to witness high growth during the forecast period owing to its properties such as durability and resistance against abrasion.
Product Definition:
A solvent borne coating is a type of coating that is applied to a surface using a solvent. The solvent evaporates, leaving the coating behind. Solvent borne coatings are often used for industrial applications, because they provide good coverage and durability.
One Component System Solvent Borne Coatings:
One Component System (OCS) solvent borne coatings are widely used in the end-use industries such as automotive, construction and general industry. Owing to their environment friendly nature these coatings have gained wide acceptance across the globe. The market for solvent borne coating is expected to grow at a significant rate owing to its increasing demand from emerging economies of Asia Pacific and Latin America regions.
Two Component System Solvent Borne Coatings:
Two component system solvent borne coatings are used in solvent borne coatings market. It is a two part epoxy resin based coating, which contains hardeners or curing agents that allow it to set up and become solid. The coating is then given a topcoat of another type of resin which acts as the binder for the entire thing.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to witness significant growth over the forecast period. The rising demand for vehicles owing to increasing disposable income levels coupled with growing population is anticipated to drive industry expansion over the coming years.
The industrial sector also holds a considerable share in terms of demand as well as supply. The global solvent borne coatings market has witnessed an increase in product demand from various industrial applications such as metal plating, oil & gas, pharmaceuticals and food processing industries among others. Rapid urbanization along with technological advancements have led to increased production activities across developing economies which is likely to propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. The growth can be attributed to rising product demand for solvent borne coatings in various applications including automotive, printing inks, and industrial machinery due to high standards of living coupled with rising disposable income levels.
Europe was the second-largest regional market accounting for 26% of global share in 2017 on account of high automobile production coupled with stringent regulations regarding VOC emissions from paints & coatings products as comparedto other regions. Moreover, technological advancements such as waterborne technology are anticipated touse solvent borne coatings which will further propel industry growth over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and furniture
- Rising awareness about the benefits of solvent borne coatings over traditional coating methods
- Growing investments in R&D by leading players to develop new and innovative products
- Proliferation of online platforms that offer customized coating solutions as per specific requirements of customers
- Expansion of global manufacturing base by key players to cater to rising demand from regional markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent Borne Coatings Market Research Report
By Type
One Component System Solvent Borne Coatings, Two Component System Solvent Borne Coatings
By Application
Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks
By Companies
BASF, Williams Hayward Protective, INDUSTRIA CHIMICA ADRIATICA, NEI, Laviosa Chimica Mineraria, BYK-CHEMIE, Axalta Coating Systems, Croda International, TOLSA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Solvent Borne Coatings Market Report Segments:
The global Solvent Borne Coatings market is segmented on the basis of:
Types
One Component System Solvent Borne Coatings, Two Component System Solvent Borne Coatings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Williams Hayward Protective
- INDUSTRIA CHIMICA ADRIATICA
- NEI
- Laviosa Chimica Mineraria
- BYK-CHEMIE
- Axalta Coating Systems
- Croda International
- TOLSA
Highlights of The Solvent Borne Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- One Component System Solvent Borne Coatings
- Two Component System Solvent Borne Coatings
- By Application:
- Automotive Solvent Borne Coatings
- Industrial Solvent Borne Coatings
- Printing Inks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solvent Borne Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solvent borne coatings are a type of coating that is applied to a surface using a solvent. The solvent evaporates, leaving the coating on the surface.
Some of the major companies in the solvent borne coatings market are BASF, Williams Hayward Protective, INDUSTRIA CHIMICA ADRIATICA, NEI, Laviosa Chimica Mineraria, BYK-CHEMIE, Axalta Coating Systems, Croda International, TOLSA.
The solvent borne coatings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solvent Borne Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solvent Borne Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solvent Borne Coatings Market - Supply Chain
4.5. Global Solvent Borne Coatings Market Forecast
4.5.1. Solvent Borne Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solvent Borne Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solvent Borne Coatings Market Absolute $ Opportunity
5. Global Solvent Borne Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solvent Borne Coatings Market Size and Volume Forecast by Type
5.3.1. One Component System Solvent Borne Coatings
5.3.2. Two Component System Solvent Borne Coatings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solvent Borne Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solvent Borne Coatings Market Size and Volume Forecast by Application
6.3.1. Automotive Solvent Borne Coatings
6.3.2. Industrial Solvent Borne Coatings
6.3.3. Printing Inks
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solvent Borne Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solvent Borne Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solvent Borne Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solvent Borne Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solvent Borne Coatings Demand Share Forecast, 2019-2029
9. North America Solvent Borne Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solvent Borne Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solvent Borne Coatings Market Size and Volume Forecast by Application
9.4.1. Automotive Solvent Borne Coatings
9.4.2. Industrial Solvent Borne Coatings
9.4.3. Printing Inks
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solvent Borne Coatings Market Size and Volume Forecast by Type
9.7.1. One Component System Solvent Borne Coatings
9.7.2. Two Component System Solvent Borne Coatings
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solvent Borne Coatings Demand Share Forecast, 2019-2029
10. Latin America Solvent Borne Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solvent Borne Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solvent Borne Coatings Market Size and Volume Forecast by Application
10.4.1. Automotive Solvent Borne Coatings
10.4.2. Industrial Solvent Borne Coatings
10.4.3. Printing Inks
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solvent Borne Coatings Market Size and Volume Forecast by Type
10.7.1. One Component System Solvent Borne Coatings
10.7.2. Two Component System Solvent Borne Coatings
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solvent Borne Coatings Demand Share Forecast, 2019-2029
11. Europe Solvent Borne Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solvent Borne Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solvent Borne Coatings Market Size and Volume Forecast by Application
11.4.1. Automotive Solvent Borne Coatings
11.4.2. Industrial Solvent Borne Coatings
11.4.3. Printing Inks
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solvent Borne Coatings Market Size and Volume Forecast by Type
11.7.1. One Component System Solvent Borne Coatings
11.7.2. Two Component System Solvent Borne Coatings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solvent Borne Coatings Demand Share, 2019-2029
12. Asia Pacific Solvent Borne Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solvent Borne Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solvent Borne Coatings Market Size and Volume Forecast by Application
12.4.1. Automotive Solvent Borne Coatings
12.4.2. Industrial Solvent Borne Coatings
12.4.3. Printing Inks
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solvent Borne Coatings Market Size and Volume Forecast by Type
12.7.1. One Component System Solvent Borne Coatings
12.7.2. Two Component System Solvent Borne Coatings
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solvent Borne Coatings Demand Share, 2019-2029
13. Middle East & Africa Solvent Borne Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solvent Borne Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solvent Borne Coatings Market Size and Volume Forecast by Application
13.4.1. Automotive Solvent Borne Coatings
13.4.2. Industrial Solvent Borne Coatings
13.4.3. Printing Inks
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solvent Borne Coatings Market Size and Volume Forecast by Type
13.7.1. One Component System Solvent Borne Coatings
13.7.2. Two Component System Solvent Borne Coatings
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solvent Borne Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Solvent Borne Coatings Market: Market Share Analysis
14.2. Solvent Borne Coatings Distributors and Customers
14.3. Solvent Borne Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Williams Hayward Protective
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. INDUSTRIA CHIMICA ADRIATICA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NEI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Laviosa Chimica Mineraria
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BYK-CHEMIE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Axalta Coating Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Croda International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TOLSA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook