Industry Background:
Coating solvent, an additive which is used for imparting certain performance property to coatings with the desired consistency. These solvents have relatively greater benefits than water-borne and bio-based coating solvents in the production of coatings. The growing demand in the construction sector and manufacturing industries particularly in developing nations of South America and the Asia Pacific offering lucrative opportunity in the growth of the very market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), DuPont (United States), Exxon Mobil Corporation (United States), Shell (Netherland), Arkema S.A. (France), Eastman Chemical Company (United States), Clariant AG (Switzerland), Solvay (Belgium), INEOS (United Kingdom), Celanese Corporation (United States) and LyondellBasell Industries Holdings B.V. (Netherland) |
According to AMA, the market for Coating Solvent is expected to register a CAGR of 5.5% during the forecast period to 2027. This growth is primarily driven by Increasing Content of Bio-Based Raw Materials Such as Solvents in Coating Formulation and The Growth in Demand for Organic Solvent Across Various End-Use Industries.
Globally, a noticeable market trend is evident High Traction of Water-borne Coatings Globally. Major Vendors, such as BASF SE (Germany), DuPont (United States), Exxon Mobil Corporation (United States), Shell (Netherland), Arkema S.A. (France), Eastman Chemical Company (United States), Clariant AG (Switzerland), Solvay (Belgium), INEOS (United Kingdom), Celanese Corporation (United States) and LyondellBasell Industries Holdings B.V. (Netherland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
IFF and DuPont today announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction.
DuPont announced the commencement of its exchange offer (split-off) whereby DuPont stockholders can elect to tender shares of DuPont common stock in exchange for shares of Nutrition & Biosciences, Inc. (“N&B”) common stock.
Regulatory Insights:
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
Market Drivers
- Increasing Content of Bio-Based Raw Materials Such as Solvents in Coating Formulation
- The Growth in Demand for Organic Solvent Across Various End-Use Industries
Market Trend
- High Traction of Water-borne Coatings Globally
Restraints
- Harmful Effects of Petrochemical-Based Solvents
- Industries Shifting Focus to Green Solvents
Opportunities
Growing Industrialization Across the World, Especially in Developing Countries and Increasing Demand from Construction and Automotive Industry Globally
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Coating Solvent Study Sheds Light on
The Coating Solvent Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Coating Solvent industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Coating Solvent industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.