Global Solvent-Borne Coatings Market, By Product Type (One Component System Solvent Borne Coatings, Two Component System Solvent Borne Coatings, Hydrogenated Solvent, Oxygenated Solvent, Automotive Solvent Borne Coating, Industrial Solvent, Others), End Use (Transportation, Consumer Products, Heavy Equipment Industry, Machinery Industry), Industry Vertical (Utilities, Oil and Gas Industry, Manufacturing Industry, Hospitals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Solvent-Borne Coatings Market
The solvent-borne coatings market is expected to witness market growth at a rate of 7.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on solvent-borne coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the construction spending and restoration activities in emerging economies is escalating the growth of solvent-borne coatings market.
Solvent borne coatings can be defined as the liquid coatings that are employed on a metal surface to avoid erosion. The major component of the coatings is the organic compounds, which display better strength than the water borne coatings.
Major factors that are expected to boost the growth of the solvent-borne coatings market in the forecast period are the suitable characteristics of the product. Furthermore, the rise in the need from end-use industries like infrastructure, automotive, and general industrial is further anticipated to propel the growth of the solvent-borne coatings market. Also, the decrease in the vulnerability of solvent- borne coating to the environmental conditions is further estimated to cushion the growth of the solvent-borne coatings market. On the other hand, the solvent borne coating exhibit volatile organic compounds (VOCs) which are harmful for the environment which in turn is further projected to impede the growth of the solvent-borne coatings market in the timeline period.
In addition, the utilization of the multipurpose additives to improve the efficiency of the solvent borne coatings will further provide potential opportunities for the growth of the solvent-borne coatings market in the coming years. However, the stringent government regulations and rules might further challenge the growth of the solvent-borne coatings market in the near future.
This solvent-borne coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on solvent-borne coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Solvent-Borne Coatings Market Scope and Market Size
The solvent-borne coatings market is segmented on the basis of product type, end use and industry vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the solvent-borne coatings market is segmented into one component system solvent borne coatings, two component system solvent borne coatings, hydrogenated solvent, oxygenated solvent, automotive solvent borne coating, industrial solvent, and others.
- On the basis of end use, the solvent-borne coatings market is segmented into transportation, consumer products, heavy equipment industry, and machinery industry.
- On the basis of industry vertical, the solvent-borne coatings market is segmented into utilities, oil and gas industry, manufacturing industry, hospitals, and others.
Solvent-Borne Coatings Market Country Level Analysis
The solvent-borne coatings market is analysed and market size, volume information is provided by country, product type, end use and industry vertical as referenced above.
The countries covered in the solvent-borne coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the solvent-borne coatings market due to the rise in the construction sector led by the recovery post-recession. Furthermore, the growing of the demand for the product by replacing solvent-borne coatings used in construction activities will further boost the growth in the solvent-borne coatings market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the solvent-borne coatings market due to the change in the major automobile manufactures.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solvent-Borne Coatings Market Share Analysis
The solvent-borne coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solvent-borne coatings market.
The major players covered in the solvent-borne coatings market report are BASF SE, Williams-Hayward Protective, INDUSTRIA CHIMICA ADRIATICA SpA, NEI Corporation., Laviosa Mineral Solutions SpA, BYK Additives & Instruments, Croda International Plc, TOLSA GROUP, DSM, Covestro AG, Jamestown Coating Technologies, Dow, VALPAC, Inc., Glass Paint Technology, Endura Manufacturing Company Ltd., ALLNEX GMBH, Prestige Coating Limited., Excalibur Paint, Ellis Paint Company, PRABHAT PAINT INDUSTRIES., The Lubrizol Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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