Solvent Borne Coatings Market Analysis and Industry Trends 2028 | Key Players- Akzo Nobel, PPG Industries, Nippon Paints, Axalta Coating Systems among Others

A recent report published by QMI on Solvent-borne coatings market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of Solvent-borne coatings historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Solvent-borne coatings during the forecast period. It can enable manufacturers of Solvent-borne coatings to change their production and marketing strategies in order to envisage maximum growth.

According to the report, 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, and consumer products is expected to drive the growth of the market.

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Understanding the chemistry and uses of Solvent-borne coatings

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.

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.

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Important Factors Impacting Market Growth:

o Due to the anti-corrosion property, the demand for solvent-borne coatings are increasing to coat metal parts, equipment in harsh environment

o Growing environmental concerns have also favored the market of solvent-borne coatings due to its low VOC content

Regional distribution and potential areas for growth
Based on 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.

Also, the Eastern Europe has been largely dominated by Russia and Turkey due to operations of major chemical giants in the region. 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). Rest the World that includes South America and Africa has a strong potential for the Solvent-borne coatings market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market.

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

Market Segmentation:

By Product Type:
o One Component System
o Two Component System
o Hydrogenated Solvent
o Oxygenated Solvent

By Application:
o Automotive Solvent Borne Coating
o Industrial Solvent
o Printing Inks
o Transportation
o Consumer Products

By Region:
North America
o By Country (US, Canada, Mexico)
o By Product Type
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product Type
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product Type
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product Type
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product Type
o By Application

Rest of the World
o By Region (South America, Africa)
o By Product Type
o By Application

Reasons To Buy This Report:

o Market size estimation of the global-solvent borne coatings market on a regional and global basis

o The unique research design for market size estimation and forecast

o Profiling of major companies operating in the market with key developments

o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 / UK +44 121 364 6144 / APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.