Global Coating Solvent Market Overview:
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.
- 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
- High Traction of Water-borne Coatings Globally
- Harmful Effects of Petrochemical-Based Solvents
- Industries Shifting Focus to Green Solvents
- Growing Industrialization Across the World, Especially in Developing Countries
- Increasing Demand from Construction and Automotive Industry Globally
- Volatile Nature of Key Raw Material Prices
- Impact of Environment Regulations
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Sasol Limited (South Africa), BioAmber (Canada) and Peng Chen New Materials Technology (China). Analyst at AdvanceMarketAnalytics see Global Vendors to retain maximum share of Global Coating Solvent market by 2024. Considering Market by Source Type, the sub-segment i.e. Petrochemical-Based Solvents will boost the Coating Solvent market.
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
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coating Solvent market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coating Solvent market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Coating Solvent Manufacturers, Distributors and Suppliers, Government Regulatory Bodies, End Users, Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.