About the Coating Solvents Market 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.
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Competitive Landscape of Coating Solvents Market
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.
Definition of Coating Solvents Market
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.
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Key developments of the Coating Solvents 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.
Key Insights of Coating Solvents Market
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.
Impact of Environment Regulations of Coating Solvents Market
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.
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Segmentation of Coating Solvents Market
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 in Coating Solvents Market Report
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?
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Research Methodology of Coating Solvents Market
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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