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Solvent Based Coatings Global Market Report 2020

Region:Global

Author(s):

Product Code:7283

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

The solvent based coatings market consists of sales of solvent based coatings. Solvent based coatings contain organic compounds as solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen.
 
The global solvent based coatings market was worth USD 23.69 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8% and reach USD 32.14 billion by 2023.
 
The solvent based coatings market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific accounts for around 58% of the market.
 
 
The solvent based coatings market covered in this report is segmented by type into one component system solvent borne coating, two component system solvent borne coating. It is also segmented by application into automotive solvent borne coatings, industrial solvent borne coatings, printing inks
 
Solvent based coatings are beneficial in humid environments. The time required to dry for solvent based coatings is very less when compared to the water-based coatings which are less efficient in humid environments. Solvent based coatings are composed of liquifying agents that are helpful in speeding up the drying process through chemical reaction with oxygen available in the environment. This nature of solvent based coatings makes it is easy to apply in humid environment and at different temperature zones. Moreover, many industries prefer solvent based coatings to avoid chemical reactions owing to its quick drying nature. For example, companies like Jamestown Coating Technologies produces industrial paints, which are solvent based and are more durable when compared to water based coatings. Thus, the nature of quick-dry in solvent based coatings benefits its application in humid environments and thereby contributes to the growth of the market.
 
 
Solvent based coating release Volatile Organic compounds (VOC) into the environment causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and become the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOC. For instance, to reduce the emission of VOC, Hong Kong government has implemented a regulation that restricts products exceeding the standard emission of VOC in the country. Thus, the emission of VOC in the atmosphere from solvent based coatings limits the growth of the market.
 
There adoption of PET technology is increasing as it enables homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition, however additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing and specific morphology can boost overall performance, improving the dirt pick up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies who adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V, Sherwin-Williams Company and RPM International Inc.
 
In October 2018, Akzo Nobel N.V., a Netherlands-based chemical manufacturing company that manufactures specialty chemicals such as decorative paints and coatings, surfactants, polymer, and other chemical products acquired Fabryo Corporation S.R.L. for an undisclosed amount. The acquisition helped AkzoNobel in becoming a leader in the Romanian decorative paints market. Fabryo Corporation S.R.L. is a Romania-based company that specializes in producing products such as paints, lacquers, enamels, and solvent-based coatings.
 
Major players in the market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, Arkema SA

Products

Products

1) By Type: One Component System Solvent Borne Coating; Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings; Industrail Solvent Borne Coatings; Printing Inks


Companies

BASF

AkzoNobel

PPG

Sherwin-Williams

Henkel

Valspar

3M

HB Fuller

Eastman Chemical Company

Arkema SA

Clariant AG

Celanese Corporation

The Dow Chemical Company

Exxon Mobil

INEOS

LyondellBasell Industries Holdings B.V.

Royal Dutch Shell

Solvay

Williams Hayward Protective Coatings Inc.

Inver S.P.A.

NEI Corporation

Laviosa Chimica Mineraria SpA

Croda International

TOLSA Group

Table of Contents

Table of Contents

1. Executive Summary

2. Solvent Based Coatings Market Characteristics

3. Solvent Based Coatings Market Size And Growth

3.1. Global Solvent Based Coatings Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Solvent Based Coatings Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Solvent Based Coatings Market Segmentation

4.1. Global Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

One Component System Solvent Borne Coating

Two Component System Solvent Borne Coating

4.2. Global Solvent Based Coatings Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Automotive Solvent Borne Coatings

Industrail Solvent Borne Coatings

Printing Inks

5. Solvent Based Coatings Market Regional And Country Analysis

5.1. Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Solvent Based Coatings Market

6.1. Asia-Pacific Solvent Based Coatings Market Overview

6.2. Asia-Pacific Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Solvent Based Coatings Market

7.1. China Solvent Based Coatings Market Overview

7.2. China Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Solvent Based Coatings Market

8.1. India Solvent Based Coatings Market Overview

8.2. India Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Solvent Based Coatings Market

9.1. Japan Solvent Based Coatings Market Overview

9.2. Japan Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Solvent Based Coatings Market

10.1. Australia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Solvent Based Coatings Market

11.1. Indonesia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Solvent Based Coatings Market

12.1. South Korea Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Solvent Based Coatings Market

13.1. Western Europe Solvent Based Coatings Market Overview

13.2. Western Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Solvent Based Coatings Market

14.1. UK Solvent Based Coatings Market Overview

14.2. UK Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Solvent Based Coatings Market

15.1. Germany Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Solvent Based Coatings Market

16.3. France Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Solvent Based Coatings Market

17.1. Eastern Europe Solvent Based Coatings Market Overview

17.2. Eastern Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Solvent Based Coatings Market

18.1. Russia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Solvent Based Coatings Market

19.1. North America Solvent Based Coatings Market Overview

19.2. North America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Solvent Based Coatings Market

20.1. USA Solvent Based Coatings Market Overview

20.2. USA Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Solvent Based Coatings Market

21.1. South America Solvent Based Coatings Market Overview

21.2. South America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Solvent Based Coatings Market

22.1. Brazil Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Solvent Based Coatings Market

23.1. Middle East Solvent Based Coatings Market Overview

23.2. Middle East Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Solvent Based Coatings Market

24.1. Africa Solvent Based Coatings Market Overview

24.2. Africa Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Solvent Based Coatings Market Competitive Landscape And Company Profiles

25.1. Solvent Based Coatings Market Competitive Landscape

25.2. Solvent Based Coatings Market Company Profiles

25.2.1. BASF

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. AkzoNobel

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. PPG

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Sherwin-Williams

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Henkel

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Solvent Based Coatings Market

27. Solvent Based Coatings Market Trends And Strategies

28. Solvent Based Coatings Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Solvent Based Coatings Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Asia-Pacific, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: China, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: India, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: Japan, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Australia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Indonesia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: South Korea, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: Western Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: UK, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: Germany, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: France, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: Eastern Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Russia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: North America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: USA, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: South America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: Brazil, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Middle East, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Africa, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: BASF Financial Performance

Figure 27: AkzoNobel Financial Performance

Figure 28: PPG Financial Performance

Figure 29: Sherwin-Williams Financial Performance

Figure 30: Henkel Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Solvent Based Coatings Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Asia-Pacific, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: China, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: India, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: Japan, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Australia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Indonesia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: South Korea, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: Western Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: UK, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: Germany, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: France, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: Eastern Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Russia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: North America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: USA, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: South America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: Brazil, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Middle East, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Africa, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: BASF Financial Performance

Table 27: AkzoNobel Financial Performance

Table 28: PPG Financial Performance

Table 29: Sherwin-Williams Financial Performance

Table 30: Henkel Financial Performance

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