Market Overview:
The global solvent-based anti-corrosion coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solvent-based anti-corrosion coatings from end users such as automotive coatings, industrial coatings, printing inks, and other applications. In terms of volume, the global solvent-based anti-corrosion coatings market is projected to reach 2,811 kilo tons by 2030. In terms of type, the global solvent-based anti-corrosion coatings market can be segmented into 50%-70% solids content coating systems; 100% solids content coating systems; and other types such as waterborne or high solids systems.
Product Definition:
A solvent-based anti-corrosion coating is a type of protective coating that is applied to metal surfaces in order to prevent or slow down the corrosion process. Solvent-based coatings are usually more effective than water-based coatings, and they are also less likely to cause environmental pollution.
50-70 % Solids:
50-70% solids is a solution of organic substances in water or alcohol. It has been used as an anti-corrosive coating for steel and other metal products since the 19th century. The growth factor in solvent based coatings is that they are less expensive than other types of coatings, such as waterborne and powder based coatings; however, they require more care during application to prevent rusting.
100% Solids:
100% solids is a type of paint that contains only pigments, binders and fillers. It has high solid content (over 90%) and low liquid content. The 100% solids anti-corrosion paints are used in applications where the coating needs to be thicker than normal water based coatings with higher durability.
Application Insights:
The global demand for solvent-based anti-corrosion coatings was dominated by the automotive application segment in 2017. The growing importance of maintaining vehicle appearance to enhance customer appeal is expected to remain a driving force over the forecast period. In addition, rising disposable income levels and consumer preference for luxury vehicles are likely to fuel industry expansion over the coming years.
The industrial applications include chemical processing facilities as well as oil & gas industries among others such as power generation and marine industries which utilize these products on a large scale basis across the globe owing to their ability to prevent metal from bonding with metal resulting in increased life of equipment or machinery used in these sectors.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rapid industrialization and increasing automotive production in countries such as China, India, Japan, South Korea, and Taiwan. In addition, rising infrastructure activities are also likely to drive product demand in this region.
The Asia Pacific was followed by Europe which accounted for a revenue share of 21% in 2017 owing to high automotive production coupled with stringent regulations regarding vehicle corrosion. Moreover, technological advancements related to solvent-based paints are anticipated to fuel industry growth over the coming years.
North America is projectededto witness steady growth due its growing emphasis on environmental sustainability coupled with strict government regulations regarding vehicular emissions & safety components that affect overall performance of vehicles including anti-corrosion coatings application rates will increase gradually resulting into higher market penetration rates during the forecast period 2018 - 2030 (estimated at 2% CAGR).
Growth Factors:
- Increasing demand from end-use industries, such as automotive and aerospace
- Growing awareness about the benefits of solvent-based anti-corrosion coatings among consumers
- Rising investments by key players in research and development to develop innovative products
- Proliferation of online marketing channels that offer a wide range of solvent-based anti-corrosion coatings products at competitive prices
- Growing number of coating application contractors who are capable of applying these coatings effectively
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent-Based Anti-Corrosion Coatings Market Research Report
By Type
50-70 % Solids, 100% Solids, Other
By Application
Automotive Coatings, Industrial Coatings, Printing Inks, Other
By Companies
BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Solvent-Based Anti-Corrosion Coatings Market Report Segments:
The global Solvent-Based Anti-Corrosion Coatings market is segmented on the basis of:
Types
50-70 % Solids, 100% Solids, Other
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 Coatings, Industrial Coatings, Printing Inks, Other
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
- AkzoNobel
- PPG
- Sherwin-Williams
- Henkel
- Valspar
- 3M
- HB Fuller
Highlights of The Solvent-Based Anti-Corrosion 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:
- 50-70 % Solids
- 100% Solids
- Other
- By Application:
- Automotive Coatings
- Industrial Coatings
- Printing Inks
- Other
- 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-Based Anti-Corrosion 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.
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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-based anti-corrosion coatings are a type of coating that use solvents to dissolve the corrosion products on metal surfaces. The solvents then evaporate, leaving a protective film on the metal.
Some of the major players in the solvent-based anti-corrosion coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller.
The solvent-based anti-corrosion coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market - Supply Chain
4.5. Global Solvent-Based Anti-Corrosion Coatings Market Forecast
4.5.1. Solvent-Based Anti-Corrosion Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solvent-Based Anti-Corrosion Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solvent-Based Anti-Corrosion Coatings Market Absolute $ Opportunity
5. Global Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
5.3.1. 50-70 % Solids
5.3.2. 100% Solids
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
6.3.1. Automotive Coatings
6.3.2. Industrial Coatings
6.3.3. Printing Inks
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Demand Share Forecast, 2019-2029
9. North America Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
9.4.1. Automotive Coatings
9.4.2. Industrial Coatings
9.4.3. Printing Inks
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solvent-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
9.7.1. 50-70 % Solids
9.7.2. 100% Solids
9.7.3. Other
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-Based Anti-Corrosion Coatings Demand Share Forecast, 2019-2029
10. Latin America Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
10.4.1. Automotive Coatings
10.4.2. Industrial Coatings
10.4.3. Printing Inks
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solvent-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
10.7.1. 50-70 % Solids
10.7.2. 100% Solids
10.7.3. Other
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-Based Anti-Corrosion Coatings Demand Share Forecast, 2019-2029
11. Europe Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
11.4.1. Automotive Coatings
11.4.2. Industrial Coatings
11.4.3. Printing Inks
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solvent-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
11.7.1. 50-70 % Solids
11.7.2. 100% Solids
11.7.3. Other
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-Based Anti-Corrosion Coatings Demand Share, 2019-2029
12. Asia Pacific Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
12.4.1. Automotive Coatings
12.4.2. Industrial Coatings
12.4.3. Printing Inks
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solvent-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
12.7.1. 50-70 % Solids
12.7.2. 100% Solids
12.7.3. Other
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-Based Anti-Corrosion Coatings Demand Share, 2019-2029
13. Middle East & Africa Solvent-Based Anti-Corrosion 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-Based Anti-Corrosion 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-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Application
13.4.1. Automotive Coatings
13.4.2. Industrial Coatings
13.4.3. Printing Inks
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solvent-Based Anti-Corrosion Coatings Market Size and Volume Forecast by Type
13.7.1. 50-70 % Solids
13.7.2. 100% Solids
13.7.3. Other
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-Based Anti-Corrosion Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Solvent-Based Anti-Corrosion Coatings Market: Market Share Analysis
14.2. Solvent-Based Anti-Corrosion Coatings Distributors and Customers
14.3. Solvent-Based Anti-Corrosion 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. AkzoNobel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PPG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwin-Williams
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Henkel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valspar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. 3M
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HB Fuller
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
