Coating Solvent Market: Bio-based Coating Solvents Gain Emphasis Abreast Sust ainability || key Players: Celanese Corporation, BASF SE, The Dow Chemical Company, Exxon Mobil, INEOS

In order to dissert the market scenario prevailing across the chemical sector, Fact.MR has evenly presented a new examination titled “Coating Solvent Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027”its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the Coating Solvent Market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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The primary aim of the report is to provide authentic information on the coating solvents market, to enable readers in collecting and devising appropriate strategies. This will further help readers to align well with changing dynamics of the coating solvents market.

“As consumers become more environment-conscious, sustainable products & solutions continue to encroach on public as well as private perceptions. Increasing interest in the use of renewable raw materials is a palpable trend witnessed across several industries, and paints & coatings industry is no exception. This has further led the shift from petrochemical-based coating solvents to bio-based coating solvents,” says a lead analyst at Fact.MR.

The coating solvents market will record a modest growth, with global sales estimated at over 11,500 ‘000 units in 2018, according to a new report of Fact.MR. Tier 1 players are expected to hold nearly 50% share of the coating solvents market. Key expansion strategies of these coating solvents manufacturers include partnerships and collaborations with emerging players to leverage their innovative capabilities and enhance regional market footprint.

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Market Segmentation

The report has identified key segments of the coating solvents market, and these have been systematically represented with the help of a taxonomy table. The coating solvents market has been split categorically into product type, source, and region. All the segments in the coating solvents market have been scrutinized in detail, and imperative numbers such as Y-o-Y, revenues, volume, and their share in coating solvents market have been delivered. Petrochemical-based coating solvents and bio-based/green coating solvents are key source type segments assessed in the coating solvents market report.

Shanghai Housing and Urban Development Management Commission has announced prohibition of coating solvents for woodware and exterior walls in the construction industry. In addition, Nanjing government has ordered over 800 vehicle maintenance enterprises for upgrading their solvent-based coatings to eco-friendly alternatives such as water-borne and bio-based variants.

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