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Solvent Borne Coatings Market - Future, Scope, Trends [Latest]

01-19-2024 05:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: TechSci Research Pvt Ltd

The Global Solvent Borne Coatings Market stood at USD 39.72 billion in 2022 and is expected to grow with a CAGR of 4.21% by 2024-2

The Global Solvent Borne Coatings Market stood at USD 39.72 billion in 2022 and is expected to grow with a CAGR of 4.21% by 2024-2

According to TechSci Research report, "𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028", 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐨𝐨𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟑𝟗.𝟕𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐰𝐢𝐭𝐡 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟒.𝟐𝟏% 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝, 𝟐𝟎𝟐𝟒-𝟐𝟎𝟐𝟖. Solvent-borne coatings are renowned for their exceptional performance characteristics. Their ability to adhere robustly to various surfaces, coupled with resistance to harsh environmental conditions, positions them as the coating of choice for applications requiring steadfast performance. Industries such as aerospace, automotive, and heavy machinery benefit significantly from coatings that can endure extreme temperatures, corrosive elements, and mechanical stress.

In a marketplace where performance and durability are non-negotiable, solvent-borne coatings emerge as the linchpin. As industries continue to push the boundaries of innovation and resilience, the market for these coatings is set to thrive, underscoring the enduring value of formulations that excel in both performance and durability.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐨𝐯𝐞𝐫 𝐗𝐗 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐚𝐭𝐚 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐬𝐩𝐫𝐞𝐚𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐗𝐗 𝐏𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐓𝐎𝐂 𝐨𝐧 𝐭𝐡𝐞 "Global Solvent Borne Coatings Market" @ https://www.techsciresearch.com/report/solvent-borne-coatings-market/19862.html

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐢𝐧𝐭𝐨 𝐭𝐲𝐩𝐞, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐫𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐚𝐧𝐲

One-component solvent-borne coatings simplify the application process by eliminating the need for mixing different components before use. These coatings are pre-formulated and ready to apply, offering convenience and time efficiency. They are often used in scenarios where simplicity and quick application are priorities. One-component coatings are suitable for a range of applications, including maintenance coatings, where ease of use and rapid turnaround times are essential.

In contrast, two-component solvent-borne coatings involve the blending of two separate components-a base and a curing agent-before application. This dynamic mixing process activates the coating's curing mechanism, leading to enhanced performance characteristics. Two-component coatings are favored in applications demanding superior durability, chemical resistance, and adhesion. They are commonly used in industrial settings, such as protective coatings for pipelines, tanks, and heavy machinery.

The industrial sector relies extensively on solvent-borne coatings for a variety of applications. From machinery and equipment coatings to protective layers for infrastructure such as bridges and pipelines, solvent-borne coatings provide a durable and resilient shield. Their ability to adhere to various substrates and withstand challenging environmental conditions positions them as essential components in ensuring the longevity and performance of industrial assets.

Solvent-borne coatings play a vital role in the formulation of printing inks, contributing to the vibrancy, adhesion, and drying characteristics of the inks. The printing industry, encompassing packaging, labels, and commercial printing, benefits from the versatility and compatibility of solvent-borne coatings in achieving high-quality print results. The fast-drying nature of these coatings is particularly advantageous in high-speed printing processes.

The versatility of solvent-borne coatings extends beyond automotive, industrial, and printing ink applications. They find use in various other sectors, including aerospace, marine, and architectural coatings. In the aerospace industry, solvent-borne coatings contribute to the protection of aircraft surfaces against environmental factors and provide a sleek finish. In the marine sector, these coatings guard vessels against corrosion and marine conditions. Architectural coatings leverage the aesthetic and protective properties of solvent-borne coatings in applications such as exterior paints and wood finishes.

Asia Pacific is witnessing unprecedented levels of industrialization and infrastructure development. Countries like China, India, and Southeast Asian nations are at the forefront of this transformation. As industrial activities and construction projects escalate, the demand for solvent-borne coatings rises proportionally, given their extensive applications in protecting and enhancing the durability of industrial assets and structures.

The automotive sector, a major consumer of solvent-borne coatings, is thriving in the Asia Pacific region. With increasing disposable incomes, a growing middle class, and a burgeoning demand for vehicles, the automotive manufacturing sector has become a key driver for the solvent-borne coatings market. These coatings are crucial for achieving the aesthetic appeal and protective properties required in automotive finishes.

The Asia Pacific region is home to robust electronics and consumer goods industries. Solvent-borne coatings play a pivotal role in these sectors, providing protective layers and enhancing the visual appeal of products. As consumer electronics and goods continue to witness rising demand, the solvent-borne coatings market experiences a parallel growth trajectory.

Countries in the Asia Pacific region are increasingly investing in research and development activities, fostering innovation in coating technologies. This commitment to technological advancement contributes to the development of high-performance solvent-borne coatings that meet the evolving needs of diverse industries.

Asia Pacific has emerged as a global supply chain hub, with many multinational companies establishing manufacturing and distribution centers in the region. This strategic positioning enhances the accessibility and availability of solvent-borne coatings to industries worldwide, further fueling the global market.

𝐌𝐚𝐣𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:
1. BASF SE
2. PPG Industries
3. The Sherwin-Williams Company
4. Akzo Nobel N.V.
5. RPM International, Inc
6. Axalta Coating Systems
7. Glass Paint Technology
8. The Lubrizol Corporation
9. NEI Corporation
10. DOW Chemical Company

𝐓𝐨 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭📥 @ https://www.techsciresearch.com/sample-report.aspx?cid=19862

𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭

"The digitalization of coating processes and the incorporation of smart coating technologies represent a forward-thinking trend in recent developments. These technologies enable real-time monitoring of coating performance, predictive maintenance, and enhanced quality control. The adoption of Industry 4.0 principles is reshaping how solvent-borne coatings are applied and managed in various industries. solvent-borne coatings market is in the midst of transformative developments, propelled by technological innovations, sustainability imperatives, and strategic collaborations. As the industry navigates these dynamics, it is poised to meet the evolving needs of diverse sectors, from automotive and industrial to electronics and construction.," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

"𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲, & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟏𝟖-𝟐𝟎𝟐𝟖 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐁𝐲 𝐓𝐲𝐩𝐞 (𝐎𝐧𝐞 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, 𝐓𝐰𝐨 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭), 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥, 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐈𝐧𝐤𝐬, 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧", has evaluated the future growth potential of Global Solvent Borne Coatings Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Solvent Borne Coatings Market.

𝐘𝐨𝐮 𝐦𝐚𝐲 𝐚𝐥𝐬𝐨 𝐫𝐞𝐚𝐝:
𝐑𝐞𝐬𝐨𝐫𝐛𝐚𝐛𝐥𝐞 (𝐁𝐢𝐨𝐫𝐞𝐬𝐨𝐫𝐛𝐚𝐛𝐥𝐞) 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 | [𝟐𝟎𝟐𝟖] 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥, 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬 @ https://www.techsciresearch.com/report/global-resorbable-polymers-market/3828.html

𝐄𝐱𝐩𝐚𝐧𝐝𝐚𝐛𝐥𝐞 𝐆𝐫𝐚𝐩𝐡𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 [𝟐𝟎𝟐𝟖] - 𝐑𝐞𝐩𝐨𝐫𝐭 & 𝐒𝐡𝐚𝐫𝐞 @ https://www.techsciresearch.com/report/expandable-graphite-market/19752.html

𝐀𝐞𝐫𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 [𝟐𝟎𝟐𝟖] @ https://www.techsciresearch.com/report/aerographite-market/19753.html

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭-𝐒𝐨𝐥𝐯𝐞𝐧𝐭 𝐁𝐨𝐫𝐧𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

Research Methodology
2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Applications

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

Executive Summary
3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

Impact of COVID-19 on Global Solvent Borne Coatings Market
Global Solvent Borne Coatings Market Outlook
5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (One Component, Two Component)

5.2.2. By Application (Automotive, Industrial, Printing Inks, Others)

5.2.3. By Region

5.2.4. By Company (2022)

5.3. Market Map

Asia Pacific Solvent Borne Coatings Market Outlook
6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. China Solvent Borne Coatings Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. India Solvent Borne Coatings Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Australia Solvent Borne Coatings Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

6.3.4. Japan Solvent Borne Coatings Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value & Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Type

6.3.4.2.2. By Application

6.3.5. South Korea Solvent Borne Coatings Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value & Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Type

6.3.5.2.2. By Application

𝐂𝐨𝐧𝐭𝐚𝐜𝐭
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
𝐓𝐞𝐥: +1-332-258-6602
𝐄𝐦𝐚𝐢𝐥: sales@techsciresearch.com
𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.techsciresearch.com

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

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