Market Overview:
The global solvent-borne coating market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for solvent-borne coatings from transportation, consumer products and heavy equipment & machinery applications. Based on type, the global solvent-borne coating market has been segmented into hydrocarbon solvents, oxygenated solvents and others. Hydrocarbon solvents are expected to account for a major share of the global solvent-borne coating market in 2018 owing to their low cost and easy availability. However, oxygenated solvents are projected to witness high growth during the forecast period due their environmental benefits over hydrocarbon solvents. On basis of application, transportation is expected to account for a major share of the global solvent borne coatings market in 2018 followed by consumer products.
Product Definition:
A solvent-borne coating is a type of coating that uses a solvent to bind the ingredients together. Solvent-borne coatings are important because they provide an easy way to apply a coating to a surface, and they also tend to be more durable than other types of coatings.
Hydrocarbon Solvent:
Hydrocarbon solvent is a class of organic chemical compounds that are generally used as solvents for the application in which they are intended. They possess low boiling points and high flash points, making them ideal for use as solvents. The most commonly used hydrocarbon solvent is propane (propylene) which has a wide range of applications from coating to printing inks, adhesives and paints.
Oxygenated Solvent:
Oxygenated solvents are a group of compounds containing oxygen functional group. The most common type of oxygenated solvent is O-2, but other types include O-1, O-3 and others. Oxygenated solvents can be used as both drying oils and coatings medium.
Application Insights:
The transportation application segment led the global market in 2017. The growth of this segment can be attributed to increasing demand for passenger cars and commercial vehicles, especially from developing countries such as China, India and Brazil. In addition, governments across the world are taking initiatives to promote manufacturing activities in their respective economies by lowering import duty on automobiles. This is expected to further propel product demand over the forecast period.
Consumer products is another key application area where these solvent-borne coatings are used for protection against stains caused by wine glasses or lipstick marks on clothing. They also find applications in household cleaning products such as glass cleaners and carpet cleaners owing to their resistance towards water & organic solvents coupled with high durability against tough stains & colors that cannot be removed with regular cleaning agents alone.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, rising per capita income, and increasing spending on household activities. In addition, growing automotive industry in countries such as China and India are expected to drive the regional market further.
The Asia Pacific has been witnessing strong economic growth since 2010 with major economies such as China, India, Indonesia experiencing robust GDP growth rates of 7% & 8% respectively every year from 2016 to 2018. This trend is anticipated to continue over the next eight years with these countries maintaining their economic stability despite political changes taking place at a faster pace than usual across their borders or within their own nations (internal conflicts).
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of solvent-borne coatings over waterborne coatings
- Rising demand for low VOC and environment-friendly products
- Technological advancements in solvent-borne coating formulations
- Growing popularity of powder coating as a replacement to solvent-borne coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Solvent-borne Coating Market Research Report
By Type
Hydrocarbon Solvent, Oxygenated Solvent, Others
By Application
Transportation, Consumer Products, Heavy Equipment & Machinery
By Companies
PPG Industries, Akzo Nobel, The Sherwin-Williams Company, Axalta Coating Systems, Jotun, Nippon Paints Holdings
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solvent-borne Coating Market Report Segments:
The global Solvent-borne Coating market is segmented on the basis of:
Types
Hydrocarbon Solvent, Oxygenated Solvent, Others
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
Transportation, Consumer Products, Heavy Equipment & Machinery
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:
- PPG Industries
- Akzo Nobel
- The Sherwin-Williams Company
- Axalta Coating Systems
- Jotun
- Nippon Paints Holdings
Highlights of The Solvent-borne Coating 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:
- Hydrocarbon Solvent
- Oxygenated Solvent
- Others
- By Application:
- Transportation
- Consumer Products
- Heavy Equipment & Machinery
- 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 Coating 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 coating is a type of paint that is applied to surfaces using a solvent. The solvent evaporates, leaving a thin film of paint on the surface.
Some of the key players operating in the solvent-borne coating market are PPG Industries, Akzo Nobel, The Sherwin-Williams Company, Axalta Coating Systems, Jotun, Nippon Paints Holdings.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solvent-borne Coating 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 Coating 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 Coating Market - Supply Chain
4.5. Global Solvent-borne Coating Market Forecast
4.5.1. Solvent-borne Coating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solvent-borne Coating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solvent-borne Coating Market Absolute $ Opportunity
5. Global Solvent-borne Coating 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 Coating Market Size and Volume Forecast by Type
5.3.1. Hydrocarbon Solvent
5.3.2. Oxygenated Solvent
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solvent-borne Coating 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 Coating Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. Consumer Products
6.3.3. Heavy Equipment & Machinery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solvent-borne Coating 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 Coating 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 Coating 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 Coating 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 Coating Demand Share Forecast, 2019-2026
9. North America Solvent-borne Coating 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 Coating 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 Coating Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. Consumer Products
9.4.3. Heavy Equipment & Machinery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solvent-borne Coating Market Size and Volume Forecast by Type
9.7.1. Hydrocarbon Solvent
9.7.2. Oxygenated Solvent
9.7.3. Others
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 Coating Demand Share Forecast, 2019-2026
10. Latin America Solvent-borne Coating 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 Coating 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 Coating Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. Consumer Products
10.4.3. Heavy Equipment & Machinery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solvent-borne Coating Market Size and Volume Forecast by Type
10.7.1. Hydrocarbon Solvent
10.7.2. Oxygenated Solvent
10.7.3. Others
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 Coating Demand Share Forecast, 2019-2026
11. Europe Solvent-borne Coating 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 Coating 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 Coating Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. Consumer Products
11.4.3. Heavy Equipment & Machinery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solvent-borne Coating Market Size and Volume Forecast by Type
11.7.1. Hydrocarbon Solvent
11.7.2. Oxygenated Solvent
11.7.3. Others
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 Coating Demand Share, 2019-2026
12. Asia Pacific Solvent-borne Coating 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 Coating 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 Coating Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. Consumer Products
12.4.3. Heavy Equipment & Machinery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solvent-borne Coating Market Size and Volume Forecast by Type
12.7.1. Hydrocarbon Solvent
12.7.2. Oxygenated Solvent
12.7.3. Others
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 Coating Demand Share, 2019-2026
13. Middle East & Africa Solvent-borne Coating 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 Coating 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 Coating Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. Consumer Products
13.4.3. Heavy Equipment & Machinery
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 Coating Market Size and Volume Forecast by Type
13.7.1. Hydrocarbon Solvent
13.7.2. Oxygenated Solvent
13.7.3. Others
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 Coating Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solvent-borne Coating Market: Market Share Analysis
14.2. Solvent-borne Coating Distributors and Customers
14.3. Solvent-borne Coating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PPG Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Akzo Nobel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Sherwin-Williams Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Axalta Coating Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jotun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Paints Holdings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
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
