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Solvent Based Coatings Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : 7283 | Format :


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 is expected to grow from $21.06 billion in 2020 to $22.7 billion in 2021 at a compound annual growth rate (CAGR) of 7.8%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $26.27 billion in 2025 at a CAGR of 4%.

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.

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 liquefying 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 (VOCs) 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.

The major players covered in the global solvent based coatings market are 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.

The countries covered in the global solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.

The regions covered in the global solvent based coatings market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global solvent based coatings market 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

    1. Executive Summary

    2. Solvent Based Coatings Market Characteristics

    3. Solvent Based Coatings Market Trends And Strategies

    4. Impact Of COVID-19 On Solvent Based Coatings

    5. Solvent Based Coatings Market Size And Growth

    5.1. Global Solvent Based Coatings Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Solvent Based Coatings Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Solvent Based Coatings Market Segmentation

    6.1. Global Solvent Based Coatings Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    One Component System Solvent Borne Coating

    Two Component System Solvent Borne Coating

    6.2. Global Solvent Based Coatings Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Automotive Solvent Borne Coatings

    Industrial Solvent Borne Coatings

    Printing Inks  

    7. Solvent Based Coatings Market Regional And Country Analysis

    7.1. Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Solvent Based Coatings Market  

    8.1. Asia-Pacific Solvent Based Coatings Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Solvent Based Coatings Market  

    9.1. China Solvent Based Coatings Market Overview  

    9.2. China Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Solvent Based Coatings Market  

    10.1. India Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Solvent Based Coatings Market  

    11.1. Japan Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Solvent Based Coatings Market  

    12.1. Australia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Solvent Based Coatings Market  

    13.1. Indonesia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Solvent Based Coatings Market  

    14.1. South Korea Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Solvent Based Coatings Market  

    15.1. Western Europe Solvent Based Coatings Market Overview

    15.2. Western Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Solvent Based Coatings Market  

    16.1. UK Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Solvent Based Coatings Market  

    17.1. Germany Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Solvent Based Coatings Market  

    18.3. France Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Solvent Based Coatings Market  

    19.1. Eastern Europe Solvent Based Coatings Market Overview

    19.2. Eastern Europe Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Solvent Based Coatings Market  

    20.1. Russia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Solvent Based Coatings Market  

    21.1. North America Solvent Based Coatings Market Overview

    21.2. North America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Solvent Based Coatings Market  

    22.1. USA Solvent Based Coatings Market Overview

    22.2. USA Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Solvent Based Coatings Market  

    23.1. South America Solvent Based Coatings Market Overview

    23.2. South America Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Solvent Based Coatings Market  

    24.1. Brazil Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Solvent Based Coatings Market  

    25.1. Middle East Solvent Based Coatings Market Overview

    25.2. Middle East Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Solvent Based Coatings Market  

    26.1. Africa Solvent Based Coatings Market Overview

    26.2. Africa Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Solvent Based Coatings Market Competitive Landscape And Company Profiles

    27.1. Solvent Based Coatings Market Competitive Landscape

    27.2. Solvent Based Coatings Market Company Profiles

    27.2.1. BASF

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. AkzoNobel

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. PPG

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Sherwin-Williams

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Henkel

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

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

    29. Solvent Based Coatings Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Solvent Based Coatings Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Solvent Based Coatings Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: China, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: India, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: Japan, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Australia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Indonesia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: South Korea, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: Western Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: UK, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: Germany, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: France, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Russia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: North America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: USA, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: South America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: Brazil, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Middle East, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Africa, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Solvent Based Coatings Market, Segmentation  By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Solvent Based Coatings Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: China, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: India, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: Japan, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Australia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: South Korea, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: UK, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: Germany, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: France, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Russia, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: North America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: USA, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: South America, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: Brazil, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Middle East, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Africa, Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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
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