Solvent Based Coatings Market, 2019 – 2023 Forecast Report by TBRC

Solvent Based Coatings Market, 2019 - 2023 Forecast Report by TBRC

“Solvent Based Coatings Global Market Report 2020”
3M Is One Of The Largest Companies In The Solvent Based Coatings Market, According To TBRC’s Report
(Companies: BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA)

The global solvent based coatings market was worth $23.69 billion in 2019.  Asia Pacific accounts for the largest share in the global solvent based coatings market with around 58% of the market.

The solvent based coatings market consists of sales of solvent based coatings. Solvent based coatings contain organic compounds as solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen.

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The global solvent based coatings market is expected to grow at a rate of about 8% and reach $32.14 billion by 2023. Solvent based coatings are beneficial in humid environments. The time required to dry for solvent based coatings is very little when compared to water-based coatings, which are less efficient in humid environments.  Thus, the nature of quick-dry in solvent based coatings benefits its application in humid environments, thereby contributing to the growth of the market.

However, solvent based coating release Volatile Organic compounds (VOCs) into the environment causing environmental damage and affecting human health. This limits the growth of the market.

The adoption of PET technology is increasing in the solvent based coatings market as it enables homogenous distribution of mineral particles during painting. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources.

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

The 3M Company, formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods.

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Few Points From Table of Contents:

4. Solvent Based Coatings Market Segmentation

4.1. Global Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

One Component System Solvent Borne Coating

Two Component System Solvent Borne Coating

4.2. Global Solvent Based Coatings Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Automotive Solvent Borne Coatings

Industrail Solvent Borne Coatings

Printing Inks

5. Solvent Based Coatings Market Regional And Country Analysis

5.1. Global Solvent Based Coatings Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Solvent Based Coatings Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Solvent Based Coatings Market  

6.1. Asia-Pacific Solvent Based Coatings Market Overview  

6.2. Asia-Pacific Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Solvent Based Coatings Market  

7.1. China Solvent Based Coatings Market Overview  

7.2. China Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Solvent Based Coatings Market  

8.1. India Solvent Based Coatings Market Overview  

8.2. India Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Solvent Based Coatings Market  

9.1. Japan Solvent Based Coatings Market Overview  

9.2. Japan Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Solvent Based Coatings Market  

10.1. Australia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Solvent Based Coatings Market  

11.1. Indonesia Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Solvent Based Coatings Market  

12.1. South Korea Solvent Based Coatings Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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