Coating Solvent Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Published on : Nov-2018 | List of Tables : 79 | List of Figures : 63 | No. of Pages : 170 | Report Code : FACT2359MR | Format : ppt pdf Excel Word

Key Insights

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.

coating solvent market 0

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).

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.

coating solvent market 1

Impact of Environment Regulations

Coating solvents are expected to witness confinements of regulations imposed by environment regulatory authorities such as EPA’s National Emission Standards for Hazardous Air Pollutants (NESHAPs). NESHAPs has listed several solvents according to their environmental footprint, which has resulted in restrictions in application of these coating solvents. Additionally, programs such as the Clean Air Act Amendments (CAAA) and Emergency Planning and Community Right-to-Know Act (EPCRA) for reducing air pollution further put constraints on use of solvents, which has become mandatory for coatings formulators and end-users to comply with. These regulations will continue to impact prospects of the coating solvents in the near future, in turn driving demand for alternatives such as water-borne coatings and bio-based coating solvents.

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.

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Competitive Landscape

Fact.MR’s study offers holistic insights on demand & supply trends of the coating solvents systems worldwide, coupled with a detailed assessment on the coating solvent market’s competition landscape. The report also offers an exhaustive assessment on established and emerging coating solvent market players. Information on company overview, key financials, and recent developments of these coating solvents manufacturers has also been included in the report.

coating solvent market 2

Key developments of the market players

  • VarsolTM 30 is a recent development by Exxon Mobil Chemical, which is an aliphatic hydrocarbon coating solvent. This combustible liquid, which features high vapor pressure, can be employed as coating solvents across various applications including industrial maintenance coatings and traffic marking paints.
  • The Dow Chemical Company has recently unveils its slow evaporating coating solvent, called UCARTM ESTER EEP, which features excellent solvent properties. This coating solvent can be used in wide array of applications such as electrostatically sprayed coatings, acrylic polymerization, high solids coatings, and conventional lacquers and enamels. High electrical resistance, slow evaporation rate, and excellent solvent release are key benefits of this solvent coating.
  • BASF SE has recently developed a bio-based coating solvent, “Sovermol®,” which has been designed specifically for application in waterpipe coating, flooring coating, putty applications and adhesives. These solvent coatings are polyfunctional alcohols developed from renewable raw materials.

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Definition

Coating solvents are additives used for imparting certain performance properties to coatings, which offers the coatings with desired consistency. Coating solvents have relatively greater benefits than water-borne and bio-based coating solvents in the production of coatings. Most used types of coating solvents available in the market include xylene and toluene, ethylene dichloride, chloroethane, acetone, alcohols, and ethyl acetate.

About the Report

This report titled “Coating Solvents Market Forecast, Trend Analysis, and Competition Tracking – Global Market Insights 2018 to 2027,” is an exhaustive compilation of valuable insights and accurate forecast on the coating solvents market for the period between 2018 and 2027. A detailed assessment on key aspects that influence the coating solvents market growth has been provided in the report.

The primary aim of the report is to provide authentic information on the coating solvents market, to enable readers in collecting and devising appropriate strategies. This will further help readers to align well with changing dynamics of the coating solvents market. Additionally, the report offers an overview of the coating solvents market, which offers better understanding on future prospects of the coating solvents market.

Segmentation

The report has identified key segments of the coating solvents market, and these have been systematically represented with the help of a taxonomy table. The coating solvents market has been split categorically into product type, source, and region. All the segments in the coating solvents market have been scrutinized in detail, and imperative numbers such as Y-o-Y, revenues, volume, and their share in coating solvents market have been delivered. Petrochemical-based coating solvents and bio-based/green coating solvents are key source type segments assessed in the coating solvents market report.

Key Questions Answered

The report also offers answers to other important queries apropos of the coating solvents market

  • Which region stands most lucrative for coating solvents market?
  • What is the revenue share of North America in coating solvents market?
  • By what percentage share does APEJ lead other coating solvents markets?
  • By what rate will demand for bio-based/green coating solvents grow in 2018?
  • Which product remains top-seller in coating solvents market?

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.

Request methodology of this Report.

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.

Chapter 1 – Coating Solvents Market Executive Summary

A summary of key findings in the coating solvents market has been offered in the report’s first chapter, along with statistics associated with trajectory of the coating solvents market. Megatrends affecting coating solvents market’s growth, opportunity assessment on key market players, and key Fact.MR analysis and recommendations related to the coating solvents market have also been included in this chapter.

Chapter 2 – Coating Solvents Market Overview

This chapter gives an overview of the coating solvents market, which engulfs a succinct introduction to the coating solvents market along with an accurate definition of the target product – coating solvents. Other details highlighted and analyzed in this chapter include supply chain, cost structure, coating solvents production by region, PEST analysis, pricing analysis, and company competition matrix. Key participants in the coating solvents market have been represented systematically through an intensity map.

Chapter 3 – Coating Solvents Market Analysis & Forecast

This chapter offers scrutinized analysis and detailed forecast on the coating solvents market at a global level as well as based on segmentation. Important market number such as revenue comparison, market share comparison and Y-o-Y growth comparison of the market segments has been offered in this chapter.

Chapter 4 – North America Coating Solvents Market

This chapter offers analysis on the coating solvents market in North America. Assessment and forecast on the region’s coating solvents market is delivered based on source, product type, and country.

Chapter 5 – Latin America Coating Solvents Market

This chapter offers in-depth assessment on the coating solvents market in Latin America. Key trends affecting growth of the coating solvents market in this region have also been studied in detail.

Chapter 6 - Europe Coating Solvents Market

This chapter offers analysis on the coating solvents market in Europe. Assessment and forecast on the region’s coating solvents market is delivered based on source, product type, and country.

Chapter 7 – Japan Coating Solvents Market

This chapter offers in-depth assessment on the coating solvents market in Japan. Key trends affecting growth of the coating solvents market in this country have also been studied in detail.

Chapter 8 – APEJ Coating Solvents Market

This chapter offers analysis on the coating solvents market in APEJ. Assessment and forecast on the region’s coating solvents market is delivered based on source, product type, and country.

Chapter 9 – MEA Coating Solvents Market

This chapter offers in-depth assessment on the coating solvents market in MEA. Key trends affecting growth of the coating solvents market in this country have also been studied in detail.

Chapter 10 - Coating Solvents Market Competition Analysis

A detailed analysis on the competition landscape of the coating solvents market has been offered in this chapter. A dashboard view of key companies profiled in the report has been delivered, along with a systematic market structure. This chapter also includes analysis on the company share in the coating solvents market. This chapter also offers a SWOT analysis on all the coating solvent market players identified and profiled in the report. Analysis on the product overview, company overview, key financials and recent development of the coating solvent market players has also been included in this chapter.

Chapter 11 – Company Profiles

Key companies profiled in the report include Eastman Chemical Company, Clariant AG, BASF SE, Exxon Mobil, LyondellBasell Industries Holdings B.V., Solvay, Arkema SA, Celanese Corporation, The Dow Chemical Company, INEOS, and Royal Dutch Shell.

1. Global Coating Solvents Market - Executive Summary
   1.1. Summary of Key Findings
   1.2. Summary of Statistics
   1.3. Fact.MR Analysis and Recommendations
   1.4. Megatrends
   1.5. Opportunity Assessment

2. Global Coating Solvents Market Overview
   2.1. Introduction
        2.1.1. Global Coating Solvents Market Taxonomy
        2.1.2. Global Coating Solvents Market Definition
   2.2. Global Coating Solvents Market Size (US$ Mn & Volume) and Forecast, 2013-2027
        2.2.1. Global Coating Solvents Market Y-o-Y Growth
   2.3. Global Coating Solvents Market Dynamics
   2.4. Supply Chain
   2.5. Cost Structure
   2.6. Pricing Analysis
   2.7. Production of Coating Solvents by Key Regions
   2.8. PEST Analysis
   2.9. Investment Feasibility Matrix
   2.10. Market Behavior and Positioning Assessment
   2.11. List of Distributors
   2.12. Company Competition Matrix
   2.13. Key Participants Market Presence (Intensity Map) By Region

3. Global Coating Solvents Market Analysis and Forecast 2013-2027
   3.1. Global Coating Solvents Market Size and Forecast By Product Type, 2013-2027
        3.1.1. Xylene and Toluene Market Size and Forecast, 2013-2027
               3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.1.2. Market Share Comparison, By Region
               3.1.1.3. Y-o-Y growth Comparison, By Region
        3.1.2. Acetone Market Size and Forecast, 2013-2027
               3.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.2.2. Market Share Comparison, By Region
               3.1.2.3. Y-o-Y growth Comparison, By Region
        3.1.3. Ethylene Dichloride Market Size and Forecast, 2013-2027
               3.1.3.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.3.2. Market Share Comparison, By Region
               3.1.3.3. Y-o-Y growth Comparison, By Region
        3.1.4. Alcohols Market Size and Forecast, 2013-2027
               3.1.4.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.4.2. Market Share Comparison, By Region
               3.1.4.3. Y-o-Y growth Comparison, By Region
        3.1.5. Chloroethane Market Size and Forecast, 2013-2027
               3.1.5.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.5.2. Market Share Comparison, By Region
               3.1.5.3. Y-o-Y growth Comparison, By Region
        3.1.6. Ethyl Acetate Market Size and Forecast, 2013-2027
               3.1.6.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.1.6.2. Market Share Comparison, By Region
               3.1.6.3. Y-o-Y growth Comparison, By Region
   3.2. Global Coating Solvents Market Size and Forecast By Source, 2013-2027
        3.2.1. Petrochemical Based Market Size and Forecast, 2013-2027
               3.2.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.2.1.2. Market Share Comparison, By Region
               3.2.1.3. Y-o-Y growth Comparison, By Region
        3.2.2. Bio Based (Green) Market Size and Forecast, 2013-2027
               3.2.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
               3.2.2.2. Market Share Comparison, By Region
               3.2.2.3. Y-o-Y growth Comparison, By Region

4. North America Coating Solvents Market Size and Forecast, 2013-2027
   4.1. Revenue (US$ Mn) & Volume Comparison, By Country
   4.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   4.3. Revenue (US$ Mn) & Volume Comparison, By Source

5. Latin America Coating Solvents Market Size and Forecast, 2013-2027
   5.1. Revenue (US$ Mn) & Volume Comparison, By Country
   5.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   5.3. Revenue (US$ Mn) & Volume Comparison, By Source

6. Europe Coating Solvents Market Size and Forecast, 2013-2027
   6.1. Revenue (US$ Mn) & Volume Comparison, By Country
   6.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   6.3. Revenue (US$ Mn) & Volume Comparison, By Source

7. Japan Coating Solvents Market Size and Forecast, 2013-2027
   7.1. Revenue (US$ Mn) & Volume Comparison, By Country
   7.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   7.3. Revenue (US$ Mn) & Volume Comparison, By Source

8. APEJ Coating Solvents Market Size and Forecast, 2013-2027
   8.1. Revenue (US$ Mn) & Volume Comparison, By Country
   8.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   8.3. Revenue (US$ Mn) & Volume Comparison, By Source

9. MEA Coating Solvents Market Size and Forecast, 2013-2027
   9.1. Revenue (US$ Mn) & Volume Comparison, By Country
   9.2. Revenue (US$ Mn) & Volume Comparison, By Product Type
   9.3. Revenue (US$ Mn) & Volume Comparison, By Source

10. Global Coating Solvents Market Competition Analysis
   10.1. Global Coating Solvents Market Dashboard View
   10.2. Global Coating Solvents Market Structure
   10.3. Global Coating Solvents Market Company Share Analysis

11. Global Coating Solvents Market Company Profiles
   11.1. Eastman Chemical Company
   11.2. Arkema SA
   11.3. Clariant AG
   11.4. Celanese Corporation
   11.5. BASF SE
   11.6. The Dow Chemical Company
   11.7. Exxon Mobil
   11.8. INEOS
   11.9. LyondellBasell Industries Holdings B.V.
   11.10. Royal Dutch Shell
   11.11. Solvay

12. Research Methodology

13. Disclaimer

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Coating Solvent Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027