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.

In this coating solvent market study, the following years are considered to predict the market footprint:

History Year: 2013-2017
Base Year: 2013
Estimated Year: 2027
Forecast Year: 2018 – 2027

The business intelligence study of the coating solvent market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the coating solvent market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the coating solvent market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:

North America
Latin America
Europe
Japan
APEJ

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The key players in the global coating solvent market report consist of

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

Each market player encompassed in the coating solvent market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the coating solvent market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.

On the basis of product type, the global coating solvent market report covers the footprint, and consumption of the segments including

Xylene and Toluene
Acetone
Ethylene
Alcohols
Chloroethane
Ethyl Acetate

The global coating solvent market covers the demand trends of source which includes

Petrochemical
Bio Based (Green)

What insights readers can gather from the coating solvent market report?

A critical study of the coating solvent market on the basis of source, product and region.
Learn the behavior pattern of every coating solvent market player – product launches, expansions, collaborations and acquisitions in the market currently.
Examine and study the progress outlook of the global coating solvent market landscape, which includes, revenue, production & consumption and historical & forecast.
Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

The coating solvent market report answers the following queries:

Which players hold the significant coating solvent market share and why?
What strategies are the coating solvent market players forming to gain a competitive edge?
Why region is expected to lead the global coating solvent market?
What factors are negatively affecting the coating solvent market growth?
What will be the value of the global coating solvent market by the end of 2027?

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