Solvent Borne Coatings Market, By Product Type (One Component System, Two Component System, Hydrogen

Published Date: | Report Code : CH1943894

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The Solvent Borne Coatings Market is expected to promise high growth owing to increasing demand due to the anti-corrosion property, the demand for solvent-borne coatings are increasing to coat metal parts, equipment in a harsh environment in recent years. Increasing demand from applications including automotive solvent-borne coating, an industrial solvent, printing inks, transportation, consumer products is expected to drive the growth of the market.

Solvent-borne coatings are essentially used as protective layers in the liquid form that are coated on a metal surface for prevention from corrosion. Their main constituents are organic compounds, and as a consequence of solvent-borne coatings exhibiting curing property, they show better strength than water-borne coatings. Therefore, they are a suitable option for a corrosion control solution

Segment Insights

When it comes to utility in humid or tropical environments, solvent-borne coatings are much more effective than water-borne coatings due to the difference in base material used. Water-borne coatings are heavily dependent upon the reaction between chemical materials involved in water-based coating material and atmospheric air for the process of curing. However, in solvent-borne coatings, water vapor evaporation is essential for the process of curing. Hence, solvent-borne coatings are witnessing tremendous growth in demand in tropical countries.

Major solvent-borne coatings companies such as Nippon & Akzo Nobel are working towards improving the existing solvent-borne coatings technology with the aim of reducing environmental degradation. This will help them to become environment-friendly in the future.

Key Factors Impacting Market Growth:

  • Due to the anti-corrosion property, the demand for solvent-borne coatings are increasing to coat metal parts, equipment in harsh environment
  • Growing environmental concerns have also favored the market of solvent-borne coatings due to its low VOC content

Regional Analysis

On the basis of the region, the Solvent-borne coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

 The Asia Pacific and the Middle East are expected to register substantial growth in the Solvent-borne coatings market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as ABS, EDE, AHDHE (Check with End-Use Industry/Applications). Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the Solvent-borne coatings market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the Solvent-borne coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Market Segmentation:

By Product Type:

  • One Component System
  • Two Component System
  • Hydrogenated Solvent
  • Oxygenated Solvent

By Application:

  • Automotive Solvent Borne Coating
  • Industrial Solvent
  • Printing Inks
  • Transportation
  • Consumer Products

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Application

Companies Covered: Akzo Nobel, PPG Industries, The Sherwin-Williams Company, Axalta Coating Systems, Jotun, and Nippon Paints Holdings 

Reasons To Buy This Report:

  • Market size estimation of the global-solvent borne coatings market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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