Solvent Borne Coatings Market Size
Market Outlook:
Solvent Borne Coatings Market size is set to grow from USD 42.11 billion in 2024 to USD 61.14 billion by 2034, reflecting a CAGR of more than 3.8% between 2025 and 2034. In 2025, the industry is estimated to generate USD 43.55 billion in revenue.
Base Year Value (2024)
USD 42.11 billion
19-24
x.x %
25-34
x.x %
CAGR (2025-2034)
3.8%
19-24
x.x %
25-34
x.x %
Forecast Year Value (2034)
USD 61.14 billion
19-24
x.x %
25-34
x.x %
Historical Data Period
2019-2024
Largest Region
Asia Pacific
Forecast Period
2025-2034
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Market Dynamics:
Growth Drivers & Opportunity:Rapid infrastructure development and increasing construction activities globally are driving the growth of the solvent-borne coatings market.
The growing automotive industry and increasing demand for high-performance coatings are offering significant opportunities for market growth.
Economic growth and rising disposable income in emerging markets are fueling the demand for solvent-borne coatings, driving market expansion.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Type, Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF SE, PPG Industries, The Sherwin-Williams Company, Akzo Nobel N.V., RPM International, Axalta Coating Systems, Glass Paint Technology, The Lubrizol, NEI, DOW |
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Stringent environmental regulations regarding volatile organic compounds (VOCs) emissions are hindering the growth of the solvent-borne coatings market.
Growing popularity of waterborne and powder coatings as eco-friendly alternatives is posing a challenge to the solvent-borne coatings market.
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