Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Solvent Based Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Solvent Based Coatings Market Growth?
The market size of solvent-based coatings has experienced substantial growth in past years. The market size was $41.35 billion in 2024 and is expected to increase to $43.97 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Is the Predicted Industry Size and CAGR of the Solvent Based Coatings Market in 2029?
The solvent based coatings market is predicted to expand to a worth of $58.73 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 7.5%.
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Which Factors Are Driving Growth in the Solvent Based Coatings Market?
The key Drivers in the solvent based coatings market are:
• Beneficial use in humid environments due to rapid drying time
• Greater efficiency compared to water-based coatings due to liquefying agents speeding up drying process
• Broad applicability at different temperatures and humid conditions due to quick-drying nature
• Preference among industries due to avoidance of unwanted chemical reactions and greater durability.
Which Segment Trends Are Covered in the Solvent Based Coatings Market Forecast?
The solvent based coatingsmarket covered in this report is segmented –
1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating
2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks
3) By Industry Vertical: Utilities, Oil And Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals
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What Are the Current Market Trends in the Solvent Based Coatings Industry?
The key trends in the solvent based coatings market are:
• The use of PET technology in solvent-based coatings is an emerging trend due to its benefits in paint distribution.
• The enhancement of coating performance through additional polymer features such as crosslinking, oxidative or UV curing is a significant trend.
• The adoption of technologies to improve paint longevity and resistance to varying weather conditions and dirt is growing in popularity.
• The trend of major companies like Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company and RPM International Inc., adopting innovative coating technologies is shaping the future of the market.
Who are the Key Companies in the Solvent Based Coatings Market?
The key players in the solvent based coatings market are:
• BASF SE
• Akzo Nobel NV
• PPG Industries Inc.
• Sherwin-Williams Company
• Henkel AG & Co. KGaA
• Valspar Corporation
• 3M Company
• H.B. Fuller Company
• Eastman Chemical Company
• Arkema SA
• Clariant AG
• Celanese Corporation
• Dow Chemical Company
• ExxonMobil Corporation
• Ineos Group Limited
• Shell plc
• Solvay SA
• Williams Hayward Protective Coatings Inc.
• Inver SPA
• NEI Corporation
• Laviosa Chimica Mineraria SpA
• RPM International Inc.
• Axalta Coating Systems Ltd.
• Behr Paint Co.
• Benjamin Moore & Co.
• Kansai Paint Co. Ltd.
• Nippon Paint Holding Co. Ltd.
• Jotun Group
• Evonik Industries AG
• Huntsman Corporation
• Mitsubishi Chemical Group Corporation
• NOF Corporation
• Saudi Arabia's Basic Industries Corporation
• Shin-Etsu Chemical Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Chemours Company
• Berger Paints Ltd.
• Asian Paints Ltd.
What are the Regional Trends Across the Solvent Based Coatings Market?
Asia-Pacific was the largest region in the solvent based coatings market in 2024
