Coating Solvent Market Targets Contribution by Major Players during the Forecast Period 2018-2027

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A new report of Fact.MR, titled “Coating Solvents Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027,” offer a detailed assessment on important dynamics influencing the coating solvents market growth worldwide. Size of the coating solvents market has been evaluated in terms of value (US$ Mn) and volume (‘000 Units). Apart from the dynamics, macro- and micro-economic trends impacting growth of the coating solvents market have also been covered in the report.

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Tier 1 Players Sell Nearly 50% of All Coating Solvents

Coating solvents market continues to remain clustered among Tier 1 players, who currently account for nearly 50% share of global sales. Expanding their regional footprint is a key strategy of these players which has led to several collaborations, partnerships, and acquisition activities with emerging players with innovative products.

Tier-1 players such as BASF SE and The Dow Chemical Company are strengthening their go-to market strategies for reaching target customers. The coating solvents market will remain moderately fragmented among Tier 2 and Tier 3 players, wherein strategic partnerships with leading players and product innovation for tapping latent opportunities are key expansion strategies.

Bio-based Coating Solvents Gain Emphasis Abreast Sustainability

Prevailing trends, including environment-friendly, green, and sustainability have led to regulatory evolutions in the coatings industry. This in turnhas led to increase in content of bio-based raw materials such as solvents in coating formulations. Several paints and surface coatings currently available in the market bear labels such as “eco-friendly” and “environmental friendly”, alluding at rising demand for bio-based solvents. This niche form of solvents currently holds just over 10% of the coating solvents sales, however bio-based solvents are expected to witness rapid growth in demand, according to the European Solvents Industry Group (ESIG).

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High Traction of Water-borne Coatings

Solvent-based coatings have traditionally remained the first preference among various industrial sectors and coatings manufacturers alike, owing to their cost-effective, yet attractive, durable finish. However regulations on VOC content, and environmental impact of solvent-based coatings have led the end-use industries and manufacturers to focus on the use of water-borne coatings. Very low solvent emissions, and excellent mechanical properties and resilience, are key attributes of water-borne coatings that are driving their adoption.

Polyurethane dispersions and water-based self-crosslinking emulsions are gradually replacing their solvent-based counterparts in various end-use industries. Additionally, water-borne UV curable coatings are becoming popular choices for industrial applications, as these ensure excellent block resistance post-cure, thereby facilitating stacking, packaging, and shipping of coated parts directly from the production lines.

Growing Momentum of Performance Coatings

Performance coatings have witnessed increased demand in the recent past, particularly to prevent damage to installations and transportation equipment. End-user demand for performance coatings has been set in context of various factors ranging from high pressure on efficiency and increased international trade to growing focus on environment conservation. Performance coatings being developed currently are associated with high-solid systems, owing to the introduction of pigments that feature high density. However, future development of performance coatings is expected to include water-borne coating solvents, as emphasis grows on endurance profiles and low-risk applications.

Research Methodology

Insights and forecast offered in this report on the coating solvents market is based on a robust research methodology. A perfect mix of secondary and primary researches has been used to arrive at insights and data on the coating solvents market. The methodology employed has facilitated the analysts in arriving at accurate size of the coating solvents market.

The size of the coating solvents system market has been evaluated and offered in terms of value (US$ Mn) and volume (‘000 units). Information on the coating solvents market has been transitioned via several validation funnels before their inclusion in the report. Scope of this report is to deliver precise forecast and actionable insights on the coating solvents market, to enable clients in making fact-based decisions for their businesses in the coating solvents market.

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