Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solvent-borne Coating Market by Type (Hydrocarbon Solvent, Oxygenated Solvent, Others), By Application (Transportation, Consumer Products, Heavy Equipment & Machinery) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solvent-borne Coating Market by Type (Hydrocarbon Solvent, Oxygenated Solvent, Others), By Application (Transportation, Consumer Products, Heavy Equipment & Machinery) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144467 3300 Chemical & Material 377 240 Pages 5 (43)

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.

Global Solvent-borne Coating Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. PPG Industries
  2. Akzo Nobel
  3. The Sherwin-Williams Company
  4. Axalta Coating Systems
  5. Jotun
  6. Nippon Paints Holdings

Global Solvent-borne Coating Market Overview

Highlights of The Solvent-borne Coating Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Hydrocarbon Solvent
    2. Oxygenated Solvent
    3. Others
  1. By Application:

    1. Transportation
    2. Consumer Products
    3. Heavy Equipment & Machinery
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Solvent-borne Coating Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Akzo Nobel Overview Financials Developments Strategic Outlook
      14.4.3. The Sherwin-Williams Company Overview Financials Developments Strategic Outlook
      14.4.4. Axalta Coating Systems Overview Financials Developments Strategic Outlook
      14.4.5. Jotun Overview Financials Developments Strategic Outlook
      14.4.6. Nippon Paints Holdings Overview Financials Developments Strategic Outlook
      14.4.7. COMPANY7 Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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