Bio-based Coating Solvents Gain Emphasis Abreast SustainabilityMarket ResearchUpdated on Feb 17, 2020 View more like this | Visit IRELAND, WV | Contact Preet factmr |
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
Contact:
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: [email protected]
Web: https://www.factmr.com/
Blog - https://blog.factmr.com/
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
Contact:
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai, United Arab Emirates
MARKET ACCESS DMCC Initiative
Email: [email protected]
Web: https://www.factmr.com/
Blog - https://blog.factmr.com/
