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Solvent Borne Coatings Market

Solvent Borne Coatings Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Solvent Borne Coatings Market Segmented By product type such as One component system solvent borne coatings and Two component system solvent borne coatings

Market Definition and Introduction

Solvent borne coatings are used primarily as protective layers in liquid form, which are applied to the surface of a material for corrosion prevention. They comprise of organic compounds, and as a result of the curing property of solvent borne coatings, they exhibit more toughness than water borne coatings, thereby proving to be a preferred choice as a corrosion control solution.

Solvent borne coatings also possess relative advantage over water borne coatings owing to the fact that they bring effective results when applied even in humid environments, where the latter do not cure effectively. This is due to the fact that the former cures effectively as a result of a chemical reaction between atmospheric oxygen and the chemical ingredients of the solvent-borne coating, unlike curing of water borne coatings, which relies on the evaporation of water for curing. This also helps in making the effective use of solvent borne coatings in humid environments.

Considering the vital advantages and applications of solvent borne coatings pertaining to harsh environment conditions, the study of the solvent borne coatings market becomes an important read.

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Market Segmentation

On the basis of product type
  • One component system solvent borne coatings
  • Two component system solvent borne coatings
On the basis of end-use
  • Automotive solvent borne coatings
  • Industrial solvent borne coatings
  • Printing inks
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Key Trends, Drivers

Solvent borne coatings offer a major advantage vis-à-vis water based coatings in the fact that they are less vulnerable to environmental conditions such as temperature during the curing phase. This has been driving the demand for solvent borne coatings in the recent past, and is expected to boost their market growth in the next few years as well.

Also, solvent borne coatings have a preferential use over water based coatings where corrosion of the substrate due to the presence of water poses a major challenge for surface preparation. Spot rusting during coating applications could be entirely avoided using solvent based coatings, and hence this advantage has been driving the global solvent borne coatings market.

In recent times, multipurpose additives have been introduced to impart higher end-use characteristics to solvent borne coatings. For instance, desired properties such as improved wetting and dispersion, anti-settling, stability enhancement, anti-sagging, anti-corrosion properties, defoaming, and flow & leveling have been achieved for applications of solvent borne coatings. Also, apart from these benefits, anti-flocculation properties achieved by such additives have been driving the demand for solvent borne coatings in recent times. The increase in effectiveness of solvent borne coatings due to usage of such additives has been translating into cost savings for end users.

However, it has been observed that solvent borne coatings comprise of volatile organic compounds (VOCs) as their constituent. The release of these VOCs has been found to environmentally detrimental, thereby restricting the demand growth of the solvent borne coatings at a global level in recent times. Also, federal, state and local governments worldwide have been regulating VOC emissions by setting emission limits for a unit time period, thereby discouraging end-users to prefer solvent borne coatings to an extent, thereby slowing their market growth. For instance, in the U.S., the Environmental Protection Agency (EPA) has set federal laws for VOC emissions, and some states have also tightened emission norms even further, making an impact on the market growth of solvent borne coatings.

Also, development of water borne coatings to curb the environmental impact of application of solvent based coatings has been proving to be an attractive substitute for solvent borne coatings, thereby hampering their market growth.

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Market Participants

Examples of some of the market participants in the global solvent borne coatings market are as follows:

  • Williams Hayward Protective Coatings Inc.
  • Inver S.p.A. con unico socio p.IVA
  • NEI Corporation
  • Laviosa Chimica Mineraria SpA
  • Axalta Coating Systems, LLC
  • Croda International Plc

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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