Growth In Solvent Based Coatings Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Solvent-based coatings comprise organic compounds like solvents and organize liquefying agents that evaporate through the chemical reaction with oxygen. According to the report analysis, ‘Solvent-Based Coatings Global Market Report 2020’ states that in the solvent-based coating global market there are several corporates which presently functioning more effectively for leading the highest market growth and dominating the handsome value of the market share around the globe during the inflowing years such as BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, Arkema SA and several others. In addition, the worldwide solvent-based coatings market was valued at USD 23.69 billion in 2019. It is expected to increase at a compound annual growth rate (CAGR) of 8% and reach USD 32.14 billion by 2023. However, the solvent-based coatings market has been geographically categorized into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, and Middle East & Africa. Although, the Asia Pacific accounts for nearly 58% of the market. Solvent-based coatings are effectively beneficial in humid environments. The time demanded to dry for solvent-based coatings is very less when associated with the water-based coatings which are less proficient in humid environments. The Solvent-based coatings are unruffled of liquefying agents that are supportive in speeding up the drying process through the chemical reaction with oxygen obtainable in the environment. This nature of solvent-based coatings creates it is easy to relate in a humid environment and at dissimilar temperature zones. Moreover, several industries prefer solvent-based coatings to circumvent chemical reactions due to its quick-drying nature. For example, companies such as Jamestown Coating Technologies manufactures industrial paints, which are solvent-based and are more robust when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings assistances its application in humid environments and thereby underwrites the growth of the market. The Solvent-based coating releases Volatile Organic compounds (VOC) into the environment initiating environmental damage and disturbing human health. VOCs are carbon compounds that become gas at room temperature and become the major cause of air pollution. While the Governments across the world are coming up with dissimilar regulatory acts to curb the emission of VOC. For instance, to decrease the emission of VOC, the Hong Kong government has accepted a regulation that limits products exceeding the standard emission of VOC across the country. Thus, the emission of VOC in the air from solvent-based coatings restricts the growth of the market. Their implementation of PET technology is growing as it enables the homogenous distribution of mineral particles throughout the painting. It is an acrylic polymer proficient of compressing mineral pigments in the organic phase, which is a solvent phase. The major performance of the coatings comes from the wholesale of the binder composition, however supplementary polymer features such as crosslinking, oxidative, or UV (Ultra Violet) curing and detailed morphology can boost entire performance, developing the dirt pick up resistance in most cases. PET technology is being extensively adopted by many consumers and establishments to develop paint longevity and augment resistance to climate dissimilarities and dirt from manmade and natural sources. Some of the foremost companies who implemented this technology are Vermont Photo Inkjet, AkzoNobel N.V, Sherwin-Williams Company and RPM International Inc. During October 2018, Akzo Nobel N.V., a Netherlands-based chemical manufacturing corporate that manufactures specialty chemicals likewise decorative paints and coatings, surfactants, polymer, and several other chemical products assimilated Fabryo Corporation S.R.L. for an unidentified amount. The acquisition assisted AkzoNobel in becoming a frontrunner in the Romanian decorative paints market. The abryo Corporation S.R.L. is a Romania-based corporate that specializes in introducing products likewise paints, lacquers, enamels, and solvent-based coatings. Therefore, in the near years, it is predicted that the market of solvent-based coating will increase around the globe over the inflowing duration. For More Information on the Research Report, refer to below links: – Global Solvent Based Coatings Market Related Report: – Global Solvent-Based Anti-Corrosion Coatings Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: AkzoNobel Solvent Based Coatings Market Outlook, Asia-Pacific Solvent Based Coatings Market, BASF Solvent Based Coatings Market Sales Revenue, Global Automotive Solvent Borne Coatings Market, Global Industrail Solvent Borne Coatings Market, Global One Component System Solvent Borne Coating, Global Solvent Based Coatings Industry, Global Solvent Based Coatings Industry Research Report, Global Solvent Based Coatings Market, Global Solvent Based Coatings Market Analysis, Global Solvent Based Coatings Market Forecast, Global Solvent Based Coatings Market Future Outlook, Global Solvent Based Coatings Market Growth Rate, Global Solvent Based Coatings Market Major Players, Global Solvent Based Coatings Market Research Report, Global Solvent Based Coatings Market Revenue, Global Solvent Based Coatings Market Share, Global Solvent Based Coatings Market Size, Global Two Component System Solvent Borne Coating, Henkel Solvent Based Coatings Market Analysis, Middle East Solvent Based Coatings Market, PPG Solvent Based Coatings Market Growth Rate, Sherwin-Williams Solvent Based Coatings Market, Western Europe Solvent Based Coatings Market