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Solvent Based Coatings Market 2023 Research By Size, Industry Trends, Share, Top Players And Forecast 2032 | BASF, AkzoNobel, PPG, Henkel, Valspar
Solvent Based Coatings Market Analysis
As per the Solvent Based Coatings market report by The Business Research Company, solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to 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 the oxygen available in the environment.
The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global solvent based coatings market size is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%.
Read More On The Solvent Based Coatings Market Report Here:
https://www.thebusinessresearchcompany.com/report/solvent-based-coatings-global-market-report
Major competitors in the Solvent Based Coatings market include BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA.
The 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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Solvent Based Coatings market.
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Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability.
The Table Of Content For The Solvent Based Coatings Market Include:
1. Executive Summary
2. Solvent Based Coatings Market Characteristics
3. Solvent Based Coatings Market Trends And Strategies
4. Solvent Based Coatings Market - Macro Economic Scenario
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
The "Global Solvent Based Coatings Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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