Coating Solvent Market Plying for Significant

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FACTMRAMAN 2/17/2020 10:56:19 AM

Coating Solvent Market Plying for Significant Growth During 2018-2027

The study on the global coating solvent market provides granular
assessments of key growth dynamics and opportunities in the market.
These include a comprehensive analysis of the regulatory and strategic
landscape during the historical period on the global level and across
numerous regions. Fact.MR offers data-driven insights through the coating solvent market
sizing and projections of various segments—shares and size—during the
forecast period. The insights offered in the report are aimed at guiding
companies and players to identify new growth avenues, winning
imperatives, and untapped regional markets.

The coating solvents
market will record a modest growth, with global sales estimated at over
11,500 ‘000 units in 2018, according to a new report of Fact.MR. Tier 1
players are expected to hold nearly 50% share of the coating solvents
market. Key expansion strategies of these coating solvents manufacturers
include partnerships and collaborations with emerging players to
leverage their innovative capabilities and enhance regional market
footprint.

Petrochemicals have traditionally reigned supreme as
most-effective source for production of coating solvents, with sales in
2018 pegged at over 15,000 ‘000 units. However, bio-based coating
solvents are expected to record a 1.5X volume growth than
petrochemical-based variants in 2018, underpinned majorly by emphasis on
environment protection and preference for low-risk applications.

However,
worldwide sales of bio-based coating solvents currently account for
just over 10% share of the market. In the EU alone, bio-based solvents
hold less than 13% of overall coating solvents sales (630,000 tons/5
million tons). However, this niche coating solvents category is expected
to gain significant traction in the near future, while permeating key
applications such as architectural coatings and industrial equipment
coatings.

Interested market participants and readers can
peruse the global coating solvent market report to get insights into and
evaluation of:

  • Key growth drivers and restraints,
    trends and opportunities, and major challenges influencing the adoption
    rate of offerings by various players in the coating solvent market
  • Major research and product development projects
  • Promising technologies and favorable regulations in key regions
  • Segments that will lose or gain shares in the next few years
  • Value chain of key vendors and manufacturers

The
coating solvent market report provides estimations and the market
sizing and prospects of various regions. To this end, the study makes
in-depth segmentation of the following key regions:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2359

The study also takes a closer look at the prevailing regulatory and macroeconomic frameworks and in the key country markets.

Fact.MR
has been closely tracking shares and size, and factors shaping the
demand and consumption dynamics of various offering by key players in
the coating solvent market over the past several years. To this end, the
study segments the coating solvent market on the following product
types:

  • Xylene and Toluene
  • Acetone
  • Ethylene Dichloride
  • Alcohols
  • Chloroethane
  • Ethyl Acetate

Xylene & Toluene and Alcohols – Top-Seller Variants of Coating Solvents

With
evolving requirements of the end-users coating solvents manufacturers
have introduced various products, ranging from xylene and toluene to
alcohols. These two top-seller variants of coating solvents will
collectively account for approximately 75% volume share. Gains are also
expected from acetone, which is foreseen to record a relatively faster
volume growth in 2018 and beyond.

Formulators are continuously
putting efforts for the development of coating solvents with the aid of
new and improved polymers. These developments are primarily aimed at
utilization of suitable solvent combinations, however manufacturer
efforts are being tugged by environmental regulations. Key regulations,
such as the National Emission Standards for Hazardous Air Pollutants
(NESHAPs) of EPA, Clean Air Act Amendments (CAAA), and Emergency
Planning and Community Right-to-Know Act (EPCRA) have significantly
confined prospects of the coating solvents, particular those formulated
using petrochemicals.

The report, in order to offer a
comprehensive assessment of the growth dynamics shaping the prospects of
source, segments the overall coating solvent market into:

  • Petrochemical
  • Bio Based

Detailed profiling of the competitive landscape include following players:

  • Eastman Chemical Company
  • Arkema SA
  • Clariant AG
  • Celanese Corporation
  • BASF SE
  • The Dow Chemical Company
  • Exxon Mobil
  • INEOS
  • LyondellBasell Industries Holdings B.V.
  • Royal Dutch Shell
  • Solvay

APEJ to Lead with Over 30% Volume Share than Other Regional Markets

Fact.MR
report opines that Asia-Pacific excluding Japan (APEJ) is expected to
spearhead the coating solvents market, accounting for over 30% volume
share than all the other regional markets assessed in the report.
Majority of APEJ’s coating solvents market is expected to be
concentrated in China, with global sales estimated to exceed 2,300 units
in 2018. Majority of the demand is driven by end-use industries who
focus on decreasing the number of recoats, and improve lifespan of their
structures and products.

However, recent initiative by Chinese
cities to phase out the solvent-based coatings is expected to hamper
future prospects of the coating solvents market in APEJ as a
consequence. Authorities in Chinese cities have mandated the industries
to substitute the solvent-based coatings with water-based alternatives.
Key cities that have taken this step include, Taizhou, Zhongshan,
Nanjing, Tianjin, and Shanghai.

Shanghai Housing and Urban
Development Management Commission has announced prohibition of coating
solvents for woodware and exterior walls in the construction industry.
In addition, Nanjing government has ordered over 800 vehicle maintenance
enterprises for upgrading their solvent-based coatings to eco-friendly
alternatives such as water-borne and bio-based variants.

The coating solvent market report will improve the revenue impact of businesses in various industries by:

  • Providing
    a framework tailored toward understanding the attractiveness quotient
    of various products/solutions/technologies in the coating solvent market
  • Guiding
    stakeholders to identify key problem areas pertaining to their
    consolidation strategies in the global coating solvent market and offers
    solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers
    insights into promising synergies for top players aiming to retain
    their leadership position in the coating solvent market.

For detailed analysis on all the key factors of this market, request a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=2359

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