Solvent Based Coatings Market - Growth, Trends, Covid-19 Impact, And Forecasts 2022- 2031

The global solvent based coatings market report by the business research company solvent based coatings are beneficial in humid environments to be a major growth driver for the solvent based coatings market. 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 help speed up the drying process through a chemical reaction with oxygen available in the environment. This nature of solvent based coatings makes it is easy to apply in a humid environment and at different temperature zones. Moreover, many industries prefer solvent based coatings to avoid chemical reactions owing to their quick drying nature. For example, companies like Jamestown Coating Technologies produce 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 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 help speed up the drying process through a chemical reaction with oxygen available in the environment. This nature of solvent based coatings makes it is easy to apply in a humid environment and at different temperature zones. Moreover, many industries prefer solvent based coatings to avoid chemical reactions owing to their quick drying nature. For example, companies like Jamestown Coating Technologies produce 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.

The global solvent based coatings market size is expected to grow from $34.29 billion in 2021 to $38 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global solvent based coatings market size  is expected to grow to $55.52 billion in 2026 at a CAGR of 9.9%.

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Asia Pacific was the largest region in the solvent based coatings market in 2021. Western Europe was the second-largest region in the global solvent based coatings market. The regions covered in the global solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA.

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
3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals.

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The solvent based coatings Market Report Contents Include
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 Market
5. Solvent Based Coatings Market Size And Growth
....
26. Africa Solvent Based Coatings Market
27. Solvent Based Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solvent Based Coatings Market
29. Solvent Based Coatings Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the solvent based coatings market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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