Solvent Borne Coatings

Global Solvent Borne Coatings Market to Reach ## by 2030

The global market for Solvent Borne Coatings estimated at ## in the year 2024, is expected to reach ## by 2030, growing at a CAGR of 0.0% over the analysis period 2024-2030.

Global Solvent Borne Coatings Market – Key Trends & Drivers Summarized

Why Do Solvent Borne Coatings Continue to Hold Market Share Despite Environmental Scrutiny?

Solvent borne coatings, though increasingly challenged by eco-friendly alternatives, remain widely used across numerous industrial sectors due to their superior durability, chemical resistance, and ease of application in harsh environments. These coatings use organic solvents as a carrier, which evaporate during curing, leaving behind a robust film that offers excellent adhesion, moisture resistance, and surface finish on a variety of substrates including metal, wood, and plastic. Industries such as automotive, marine, aerospace, oil & gas, and heavy machinery continue to rely on solvent-based technologies where performance under extreme weather or corrosive conditions is critical. In construction and infrastructure, solvent borne primers and topcoats are preferred for steel bridges, pipelines, and high-rise exteriors where curing speed and surface tolerance matter. Despite the rising popularity of waterborne and powder coatings, the ability of solvent borne systems to cure in high-humidity or low-temperature conditions without compromising film integrity continues to justify their use in certain climate zones and project requirements. This legacy performance value, combined with ongoing enhancements in formulation, is helping the solvent borne coatings market retain a firm foothold in specialized and developing applications.

How Are Technological Innovations and Reformulations Enhancing the Sustainability Profile of Solvent Borne Coatings?

Solvent borne coatings have traditionally been associated with high VOC emissions and environmental concerns. However, significant advancements in resin chemistry, solvent selection, and additive technologies are transforming their sustainability footprint. Coatings manufacturers are now developing low-VOC and HAPs-free formulations that comply with stringent regulatory frameworks such as those outlined by the EPA, REACH, and China’s ECER. The use of exempt solvents and bio-based solvent alternatives is helping to reduce environmental impact while maintaining performance parameters. Additionally, high-solids and ultra-high-solids (UHS) coatings—where the solvent content is drastically reduced—are gaining market share, particularly in automotive refinish and industrial maintenance applications. These technologies allow for a thinner application of a more concentrated product, reducing overall emissions and material usage without sacrificing protection or gloss. Improved catalyst systems and crosslinking agents are also enabling faster cure times and better weatherability, reducing the need for multiple coats and reapplications. Coupled with advanced application equipment such as electrostatic sprayers and robotic arms, solvent borne coatings are becoming more efficient and less wasteful. These developments are allowing the market to balance environmental responsibility with high-performance demands, sustaining the relevance of solvent borne solutions amid tightening emissions standards.

Where Is Demand Emerging or Sustaining, and What Factors Are Supporting Regional Market Growth?

Demand for solvent borne coatings remains strong in regions where industrial activity is expanding rapidly, infrastructure projects are scaling, and regulatory enforcement is either less stringent or more accommodating to transitional technologies. In Asia-Pacific, particularly in India, China, and Southeast Asia, solvent borne coatings dominate several verticals including general manufacturing, protective coatings, and automotive refinishing due to their cost-effectiveness, reliability, and adaptability to different climatic conditions. In Latin America and parts of the Middle East and Africa, solvent based paints and primers are extensively used in construction, pipelines, and offshore equipment where temperature extremes and limited maintenance accessibility require robust, long-lasting coating solutions. Even in mature markets like North America and Europe, certain sub-segments such as industrial OEM coatings, aerospace interiors, and high-gloss marine applications continue to favor solvent borne options due to their proven resilience and aesthetic performance. Moreover, retrofitting and infrastructure rehabilitation projects, particularly in older buildings or industrial facilities, often default to solvent borne coatings that align with the substrate condition and pre-existing layers. The growing number of shipbuilding and offshore drilling projects is another contributing factor, with solvent borne epoxy and polyurethane systems still preferred for their anti-corrosion and immersion resistance in saltwater environments.

What Are the Primary Forces Driving Growth in the Solvent Borne Coatings Market Today?

The growth in the solvent borne coatings market is driven by several factors that reflect performance requirements, end-use resilience needs, regional industrial trends, and transitional compliance with evolving environmental regulations. One of the most prominent drivers is the continued reliance on solvent borne technologies in sectors that require superior film build, adhesion, and resistance to chemicals, abrasion, and moisture—conditions frequently encountered in marine, oil & gas, heavy equipment, and defense applications. Another key growth driver is the rise in infrastructure development and industrialization across emerging economies, where the cost-to-performance ratio and durability of solvent based coatings offer tangible value. Additionally, the market is benefiting from steady demand in aftermarket services such as automotive refinishing, machinery repainting, and maintenance coatings, where solvent borne formulations offer faster drying, color retention, and ease of blending. Technological advancements in high-solids and VOC-compliant systems are expanding the scope for continued use in regulated markets. Furthermore, in regions prone to high humidity or low temperatures, solvent borne coatings are often the only viable solution due to their reliable cure profile under challenging environmental conditions. Lastly, increased investments in corrosion protection, pipeline coatings, and aerospace surface coatings are further contributing to market stability, reaffirming that while eco-friendly alternatives gain momentum, solvent borne coatings continue to evolve and serve vital performance-driven niches globally.

SCOPE OF STUDY:

The report analyzes the Solvent Borne Coatings market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (One Component, Two Component); Application (Automotive, Industrial, Printing Inks, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• 3M Company
• Akzo Nobel N.V.
• Arkema S.A.
• Asian Paints Ltd.
• Axalta Coating Systems Ltd.
• BASF SE
• Benjamin Moore & Co.
• Berger Paints India Limited
• Celanese Corporation
• Chugoku Marine Paints, Ltd.
• Clariant AG
• DAW SE
• Dow Chemical Company
• Eastman Chemical Company
• ExxonMobil Corporation
• H.B. Fuller Company
• Hempel A/S
• Henkel AG & Co. KGaA
• Ineos Group Limited
• Jotun A/S
• Kansai Paint Co., Ltd.
• KCC Corporation
• Masco Corporation
• Nippon Paint Holdings Co., Ltd.
• PPG Industries Inc.
• RPM International Inc.
• Shawcor Ltd.
• SK Kaken Co., Ltd.
• The Sherwin-Williams Company
• Valspar Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.