Solvent borne coatings are liquid protective layer which are
applied on the surface of the material so that corrosion can be avoided. During
the curing of the coatings they are tougher than the water borne coatings. They
are mainly used in humid environment because water- borne doesn’t have the
ability to cure properly. These coatings are of two types- one component system
borne coatings and two component system solvent borne coatings. These coating
are widely used in industries such as automotive, printing inks and others.
Global solvent-borne coatings market is
set to witness a substantial CAGR in the forecast period of 2019- 2026. The
report contains data of the base year 2018 and historic year 2017. Increasing
effectiveness of solvent- borne coatings as compared to the water- borne
coatings and rising demand of solvent- borne coatings from various end users
are the factor responsible for the growth of this market.
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Top
Manufacturers Covered in the Report:
Few of the major
competitors currently working in the global solvent-borne coatings market are
BASF SE, Williams-Hayward Protective, INDUSTRIA CHIMICA ADRIATICA SpA, NEI
Corporation, Laviosa Mineral Solutions SpA, BYK Additives & Instruments,
Croda International Plc, TOLSA GROUP, DSM, Covestro AG, Jamestown Coating
Technologies, Dow, VALPAC, Inc., Glass Paint Technology, Endura Manufacturing
Company Ltd., ALLNEX NETHERLANDS B.V., Prestige Coating Limited., Excalibur
Paint, Ellis Paint Company, PRABHAT PAINT INDUSTRIES., The Lubrizol
Corporation, and others.
Key Developments in
the Market:
·
In September 2018, Evonik announced the launch
of their new dispersant TEGO Dispers 687 which is specially designed for the
dispersing and wetting matting agent in solventborne coatings. This new
solution has the ability to provide better consistency and anti- sedimentation
values. It is very suitable for untreated matting agents that have good
transparency but high sedimentation tendency
·
In January 2015. Dow Corning announced the
launch of their new 700P Additive which is specially designed to improve gloss,
eliminate flooding and floating, enhance pigment dispersion and prevent
yellowing at high temperature. This new additive has high heat resistant and
has the ability to decrease the millbase viscosity and improve the gloss and
haze of solvent-borne paints and coatings based on TiO2 pigments. The main aim
of the launch is to provide better solutions to the customers at cost-
effective range
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Market Drivers:
·
Less vulnerability of solvent- borne coating to
environmental conditions will drive the market growth
·
Ability of these coatings to avoid spot rusting
during coating applications will also accelerate the demand of this market
·
Usage of multipurpose additives to increase the
effectiveness of solvent borne coatings will also enhance the market growth
·
Faster drying time of the solvent- based
coatings will also contribute as a factor for the growth of this market
Market Restraints:
·
Solvent borne coating release volatile organic
compounds (VOCs) which is harmful for the environment; this factor will
restrain the market growth
·
High flammability of solvent borne coatings will
also hamper the growth of this market
·
Strict government rules and norms will also
restrict its growth in the market
Competitive Analysis:
Global solvent-borne coatings market is highly fragmented
and the major players have used various strategies such as new product
launches, expansions, agreements, joint ventures, partnerships, acquisitions,
and others to increase their footprints in this market. The report includes
market shares of solvent-borne coatings market for global, Europe, North
America, Asia-Pacific, South America and Middle East & Africa.
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