Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 39.72 billion

CAGR (2023-2028)

4.21%

Fastest Growing Segment

Industrial

Largest Market

Asia-Pacific


Market Overview

Global Solvent Borne Coatings Market has valued at USD 39.72 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.21% through 2028. Global solvent-borne coatings market plays a pivotal role in various industries, providing protective and decorative solutions for surfaces in automotive, construction, aerospace, and industrial sectors. This dynamic market is shaped by a multitude of factors, from technological advancements to environmental regulations.

Global solvent-borne coatings market stands at the intersection of technological innovation, environmental responsibility, and industrial demand. Navigating through challenges and capitalizing on drivers, companies in this market are continually shaping the future of coatings, seeking a balance between performance, sustainability, and regulatory compliance. As the industry evolves, the ability to adapt and innovate will be crucial for success in this dynamic and competitive market.

Key Market Drivers

Performance and Durability

Solvent-borne coatings are renowned for their exceptional performance characteristics. Their ability to adhere robustly to various surfaces, coupled with resistance to harsh environmental conditions, positions them as the coating of choice for applications requiring steadfast performance. Industries such as aerospace, automotive, and heavy machinery benefit significantly from coatings that can endure extreme temperatures, corrosive elements, and mechanical stress.

The durability of solvent-borne coatings is a cornerstone of their market dominance. Whether applied to an automotive finish or an industrial structure, these coatings provide a shield against wear and tear, extending the lifespan of surfaces. This longevity not only translates into cost savings for end-users but also reinforces the reputation of solvent-borne coatings as the go-to solution for projects demanding enduring protection.

The automotive sector, a major consumer of solvent-borne coatings, epitomizes the significance of performance and durability. Vehicle exteriors demand coatings that not only enhance aesthetics but also withstand the rigors of diverse climates and driving conditions. Solvent-borne coatings deliver on both fronts, contributing to the longevity and visual appeal of automotive finishes.

As global industrialization progresses, the demand for coatings capable of withstanding diverse environmental challenges becomes more pronounced. Solvent-borne coatings, with their proven track record in performance and durability, are strategically positioned to meet these evolving needs. From protecting critical infrastructure to enhancing the longevity of consumer goods, their impact is felt across a myriad of applications.

Ease of Application

Solvent-borne coatings have earned their stripes in the business landscape, primarily due to their ease of application. The simplicity and efficiency of the application process streamline operations in industries where time and precision are of the essence. Whether it's coating a massive industrial structure or fine-tuning the finish on an intricate component, the ease of application significantly contributes to operational efficiency.

Industries, especially those with high-volume coating requirements like automotive manufacturing, benefit from the uniform and consistent finish provided by solvent-borne coatings. The ease with which these coatings can be applied ensures that surfaces receive an even layer, enhancing the aesthetic appeal of the final product. This consistency is a critical aspect, particularly in sectors where quality and visual appeal are paramount.

The straightforward application process of solvent-borne coatings translates into time and cost savings for manufacturers. The quick and efficient application reduces downtime and labor costs, making solvent-borne coatings an attractive option for industries that value both speed and cost-effectiveness.

The versatility of solvent-borne coatings extends beyond industries to the types of surfaces they can effectively coat. From metals to plastics, these coatings adapt seamlessly, showcasing their applicability across a diverse range of substrates. This versatility broadens the market reach of solvent-borne coatings, making them a go-to solution for various coating needs.

Automotive Sector Demand

The automotive sector's penchant for solvent-borne coatings is deeply rooted in the dual benefits of visual allure and protective capabilities. These coatings are not merely cosmetic enhancements but serve as a shield against the myriad challenges vehicles face daily, from weather-induced corrosion to the wear and tear of daily use.

Automotive exteriors are subjected to a harsh array of conditions, from extreme temperatures to road debris. Solvent-borne coatings, with their exceptional adhesion and durability, are tailor-made to endure such challenges. This endurance factor makes them indispensable in an industry where longevity and resilience are non-negotiable.

Solvent-borne coatings cater to the diverse needs of the automotive sector. Whether it's the glossy finish on a luxury car or the robust protection required for heavy-duty vehicles, these coatings adapt seamlessly. The versatility in application aligns perfectly with the varied demands of automotive manufacturers, contributing to their widespread adoption.

As automotive technologies advance, so do the standards for coatings. Solvent-borne coatings not only meet but often exceed the stringent requirements set by the automotive industry. This compliance ensures that vehicles not only look appealing but also adhere to the highest standards of safety and performance.

 

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Key Market Challenges

Environmental Regulations

One of the primary challenges arises from the emphasis on reducing volatile organic compound (VOC) emissions. Solvent-borne coatings traditionally contain solvents with VOCs, contributing to air pollution and posing health risks. As regulatory standards become more stringent, companies in the solvent-borne coatings market must invest heavily in research and development to formulate low-VOC alternatives without compromising performance.

Meeting environmental regulations demands a significant shift in manufacturing practices. Companies are compelled to invest in sustainable sourcing of raw materials, energy-efficient production processes, and waste reduction initiatives. This transition requires substantial capital and a strategic realignment of operational frameworks.

Adapting to environmental regulations requires the development of eco-friendly formulations. Manufacturers must explore alternative solvents and resins that minimize environmental impact while maintaining the high performance expected from solvent-borne coatings. This pursuit of sustainability often entails rigorous testing and adjustment of formulations to meet regulatory standards.

Navigating a fragmented regulatory landscape poses an additional challenge. Environmental regulations vary across regions and countries, creating a complex compliance scenario for global solvent-borne coatings manufacturers. The need for nuanced adaptations to meet diverse standards adds layers of complexity to supply chain management.

Shift to Waterborne and Powder Coatings

preference for waterborne and powder coatings. These alternatives are touted for their lower levels of volatile organic compounds (VOCs), offering a more sustainable and environmentally friendly solution. The solvent-borne coatings market is tasked with the uphill battle of adapting formulations to align with stringent environmental standards without compromising on performance.

The transition to waterborne and powder coatings necessitates substantial investments in research and development. Solvent-borne coatings manufacturers are compelled to innovate and engineer formulations that not only meet but surpass the performance benchmarks set by their eco-friendly counterparts. This requires a meticulous balance between maintaining product efficacy and reducing environmental impact.

The shift towards waterborne and powder coatings represents a technological overhaul in coating applications. Manufacturers entrenched in solvent-borne formulations must reevaluate and upgrade their production processes, application techniques, and equipment to seamlessly integrate with the new wave of coating technologies. This transition poses a considerable learning curve and financial investment.

The growing popularity of waterborne and powder coatings intensifies market competition. Solvent-borne coatings must differentiate themselves to retain a competitive edge. This could involve highlighting unique performance characteristics, exploring niche applications, or leveraging established brand reputation to carve a distinctive identity in a market saturated with alternatives.

Key Market Trends

Innovations in Formulation Technologies

Innovation in formulation technologies is propelling solvent-borne coatings to new heights of performance excellence. Manufacturers are investing in research and development to engineer coatings with enhanced adhesion, resistance to environmental factors, and superior durability. These high-performance characteristics respond to the demands of industries where coatings must withstand rigorous conditions without compromising aesthetics.

One of the most prominent trends is the integration of sustainability into formulation technologies. As environmental awareness grows, manufacturers are focused on reducing the environmental impact of solvent-borne coatings. Innovations include the development of low-VOC formulations and the use of eco-friendly solvents, aligning with global efforts to promote environmentally conscious practices.

The trend of customization for specific applications is reshaping the solvent-borne coatings landscape. Manufacturers recognize the diverse needs of industries, from automotive and aerospace to industrial and construction. Formulation technologies are being tailored to address these unique requirements, offering specialized coatings that deliver optimal performance in specific applications.

The integration of digital technologies is a transformative trend in coating processes. Innovations include advanced application techniques, monitoring systems, and quality control measures that optimize efficiency. Moreover, the adoption of smart coating technologies, such as self-healing properties or corrosion monitoring, reflects a new frontier in functionality and performance.

Rise of Low-VOC and Green Coatings

One of the defining trends propelling the solvent-borne coatings market is the relentless pursuit of low-VOC formulations. Traditionally, solvent-borne coatings have been associated with higher VOC levels, contributing to air pollution and environmental degradation. Innovations in formulation technologies are challenging this notion, with manufacturers engineering coatings that not only meet but often exceed stringent emission standards.

The green coatings movement extends beyond VOC reduction to the sourcing of eco-friendly solvents and raw materials. Manufacturers are embracing sustainable practices by exploring alternatives that minimize environmental impact without compromising on the performance characteristics expected from solvent-borne coatings. This shift towards eco-friendly sourcing aligns with global initiatives to create a more sustainable and responsible coatings industry.

The rise of low-VOC and green coatings is significantly influenced by changing consumer preferences. Consumers, increasingly conscientious about the environmental footprint of products, are driving the demand for coatings that align with sustainable practices. This shift in consumer sentiment is compelling manufacturers to innovate and deliver coatings that not only meet regulatory standards but also resonate with eco-conscious consumers.

Environmental regulations worldwide are becoming more stringent, necessitating compliance and adaptation from coatings manufacturers. The rise of low-VOC and green coatings is, in part, a response to these regulations. Manufacturers aiming for global market access understand the importance of formulating coatings that adhere to diverse and evolving regulatory standards.

Development of High-Performance Resins

At the heart of this paradigm shift is the relentless pursuit of performance excellence. High-performance resins, meticulously engineered through cutting-edge research and development, are revolutionizing the capabilities of solvent-borne coatings. Manufacturers are pushing the boundaries of what coatings can achieve, meeting and exceeding the stringent demands of industries such as automotive, aerospace, and industrial manufacturing.

The hallmark of high-performance resins is their ability to provide exceptional adhesion and durability. Whether applied to automotive finishes or industrial machinery, these resins form coatings that withstand the rigors of harsh environments, mechanical stress, and exposure to corrosive elements. The result is coatings that not only protect surfaces but also contribute to the longevity of the coated structures.

One of the compelling aspects of high-performance resins is their versatility across diverse industries. From the intricacies of electronic components to the vast expanse of architectural structures, these resins can be tailored to meet the specific needs of different applications. The ability to provide bespoke solutions positions solvent-borne coatings with high-performance resins as indispensable across a wide spectrum of industries.

The development of high-performance resins is also aligned with the evolving regulatory landscape and environmental demands. Manufacturers are investing in formulations that not only excel in performance but also adhere to stringent environmental standards. This dual focus on efficacy and eco-friendliness positions solvent-borne coatings with high-performance resins as leaders in responsible coatings solutions.

Segmental Insights

Type Insights

One-component solvent-borne coatings simplify the application process by eliminating the need for mixing different components before use. These coatings are pre-formulated and ready to apply, offering convenience and time efficiency. They are often used in scenarios where simplicity and quick application are priorities. One-component coatings are suitable for a range of applications, including maintenance coatings, where ease of use and rapid turnaround times are essential.

In contrast, two-component solvent-borne coatings involve the blending of two separate components—a base and a curing agent—before application. This dynamic mixing process activates the coating's curing mechanism, leading to enhanced performance characteristics. Two-component coatings are favored in applications demanding superior durability, chemical resistance, and adhesion. They are commonly used in industrial settings, such as protective coatings for pipelines, tanks, and heavy machinery.

Application Insights

Automotive coatings constitute one of the largest and most critical segments of the solvent-borne coatings market. These coatings are employed for a myriad of purposes, ranging from enhancing the visual appeal of vehicle exteriors to providing protective layers that withstand the rigors of weather, road debris, and UV exposure. The high gloss and durability offered by solvent-borne coatings make them the preferred choice for achieving flawless finishes in automotive manufacturing.

The industrial sector relies extensively on solvent-borne coatings for a variety of applications. From machinery and equipment coatings to protective layers for infrastructure such as bridges and pipelines, solvent-borne coatings provide a durable and resilient shield. Their ability to adhere to various substrates and withstand challenging environmental conditions positions them as essential components in ensuring the longevity and performance of industrial assets.

Solvent-borne coatings play a vital role in the formulation of printing inks, contributing to the vibrancy, adhesion, and drying characteristics of the inks. The printing industry, encompassing packaging, labels, and commercial printing, benefits from the versatility and compatibility of solvent-borne coatings in achieving high-quality print results. The fast-drying nature of these coatings is particularly advantageous in high-speed printing processes.

The versatility of solvent-borne coatings extends beyond automotive, industrial, and printing ink applications. They find use in various other sectors, including aerospace, marine, and architectural coatings. In the aerospace industry, solvent-borne coatings contribute to the protection of aircraft surfaces against environmental factors and provide a sleek finish. In the marine sector, these coatings guard vessels against corrosion and marine conditions. Architectural coatings leverage the aesthetic and protective properties of solvent-borne coatings in applications such as exterior paints and wood finishes.

 

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Regional Insights

Asia Pacific is witnessing unprecedented levels of industrialization and infrastructure development. Countries like China, India, and Southeast Asian nations are at the forefront of this transformation. As industrial activities and construction projects escalate, the demand for solvent-borne coatings rises proportionally, given their extensive applications in protecting and enhancing the durability of industrial assets and structures.

The automotive sector, a major consumer of solvent-borne coatings, is thriving in the Asia Pacific region. With increasing disposable incomes, a growing middle class, and a burgeoning demand for vehicles, the automotive manufacturing sector has become a key driver for the solvent-borne coatings market. These coatings are crucial for achieving the aesthetic appeal and protective properties required in automotive finishes.

The Asia Pacific region is home to robust electronics and consumer goods industries. Solvent-borne coatings play a pivotal role in these sectors, providing protective layers and enhancing the visual appeal of products. As consumer electronics and goods continue to witness rising demand, the solvent-borne coatings market experiences a parallel growth trajectory.

Countries in the Asia Pacific region are increasingly investing in research and development activities, fostering innovation in coating technologies. This commitment to technological advancement contributes to the development of high-performance solvent-borne coatings that meet the evolving needs of diverse industries.

Asia Pacific has emerged as a global supply chain hub, with many multinational companies establishing manufacturing and distribution centers in the region. This strategic positioning enhances the accessibility and availability of solvent-borne coatings to industries worldwide, further fueling the global market.

Recent Developments

  • In June 2019, Jotun entered into a Memorandum of Understanding (MOU) with Hyundai Heavy Industries from Korea. This collaboration enables Jotun to utilize its innovative marine paint in partnership with Hyundai Heavy Industries. The agreement is strategically designed to assist the company in addressing environmental regulations effectively, concurrently minimizing solvent emissions.
  • In September 2018, Evonik introduced TEGO Dispers 687, a novel dispersant designed for dispersing and wetting matting agents in solvent-borne coatings. The addition of this new product to their offerings allows the company to expand and diversify its product portfolio.

Key Market Players

  • BASF SE
  • PPG Industries
  • The Sherwin-Williams Company
  • Akzo Nobel N.V.
  • RPM International, Inc
  • Axalta Coating Systems
  • Glass Paint Technology
  • The Lubrizol Corporation
  • NEI Corporation
  • DOW Chemical Company

 By Type

By Application

By Region

  • One Component
  • Two Component
  • Automotive
  • Industrial
  • Printing Inks
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Solvent Borne Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Solvent Borne Coatings Market, By Type:

o   One Component

o   Two Component

  • Solvent Borne Coatings Market, By Application:

o   Automotive

o   Industrial

o   Printing Inks

o   Others

  • Solvent Borne Coatings Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solvent Borne Coatings Market.

Available Customizations:

Global Solvent Borne Coatings market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Solvent Borne Coatings Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Solvent Borne Coatings Market

5.    Global Solvent Borne Coatings Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Type (One Component, Two Component)

5.2.2.    By Application (Automotive, Industrial, Printing Inks, Others)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Market Map

6.    Asia Pacific Solvent Borne Coatings Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.    China Solvent Borne Coatings Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value & Volume

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Application

6.3.2.    India Solvent Borne Coatings Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value & Volume

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Application

6.3.3.    Australia Solvent Borne Coatings Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value & Volume

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Application

6.3.4.    Japan Solvent Borne Coatings Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value & Volume

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type

6.3.4.2.2.           By Application

6.3.5.    South Korea Solvent Borne Coatings Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value & Volume

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type

6.3.5.2.2.           By Application

7.    Europe Solvent Borne Coatings Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Solvent Borne Coatings Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.2.    Germany Solvent Borne Coatings Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.3.    Spain Solvent Borne Coatings Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.4.    Italy Solvent Borne Coatings Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value & Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Application

7.3.5.    United Kingdom Solvent Borne Coatings Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value & Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Application

8.    North America Solvent Borne Coatings Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Solvent Borne Coatings Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.2.    Mexico Solvent Borne Coatings Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.3.    Canada Solvent Borne Coatings Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

9.    South America Solvent Borne Coatings Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Solvent Borne Coatings Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.2.    Argentina Solvent Borne Coatings Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.3.    Colombia Solvent Borne Coatings Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

10. Middle East and Africa Solvent Borne Coatings Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Solvent Borne Coatings Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.2. Saudi Arabia Solvent Borne Coatings Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.3. UAE Solvent Borne Coatings Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Solvent Borne Coatings Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Product

15. PESTLE Analysis

16. Pricing Analysis

17. Competitive Landscape

17.1.             BASF SE

17.1.1. Business Overview

17.1.2. Company Snapshot

17.1.3. Products & Services

17.1.4. Financials (As Reported)

17.1.5. Recent Developments

17.2.             PPG Industries

17.3.             The Sherwin-Williams Company

17.4.             Akzo Nobel N.V.

17.5.             RPM International, Inc

17.6.             Axalta Coating Systems

17.7.             Glass Paint Technology

17.8.             The Lubrizol Corporation

17.9.             NEI Corporation

17.10.          DOW Chemical Company

18. Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Solvent Borne Coatings Market was estimated to be USD 39.72 billion in 2022.

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BASF SE, PPG Industries, The Sherwin-Williams Company, Akzo Nobel N.V., RPM International, Inc, Axalta Coating Systems, Glass Paint Technology, The Lubrizol Corporation, NEI Corporation, DOW Chemical Company are the major key players in the Global Solvent Borne Coatings Market.

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Environmental Concerns, Raw Material Price Volatility are the major challenges which can slow down the growth of Global Solvent Borne Coatings Market.

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High Performance and Durability and Ease of Application are the major drivers for the Global Solvent Borne Coatings Market.

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Sakshi Bajaal

Business Consultant
Press Release

Solvent Borne Coatings Market to Grow with a CAGR of 4.21% through 2028

Nov, 2023

High Performance and Durability and Ease of Application are the factors driving the Global Solvent Borne Coatings market in the forecast period 2024-2028.