Us Coating Solvent Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Coating Solvent Market was valued at USD 8.5 Billion in 2022 and is projected to reach USD 11.2 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030.
The U.S. coating solvent market is a dynamic sector integral to various industries, including automotive, construction, aerospace, and manufacturing. Coating solvents are essential for dissolving, diluting, and dispersing materials, playing a crucial role in processes ranging from manufacturing to cleaning. The demand for solvents in the United States has experienced a notable surge in recent years, reflecting a dynamic and evolving market landscape. citeturn0search7 In 2022, the U.S. solvent-borne coatings market generated a revenue of USD 4,386.7 million and is projected to reach USD 5,585.7 million by 2030, growing at a compound annual growth rate (CAGR) of 3.1% from 2023 to 2030. citeturn0search1 This growth is driven by the increasing demand for high-quality finishes and protective coatings across various sectors. The automotive industry is a significant contributor to this market, utilizing solvent-borne coatings for automotive refinishing purposes. These coatings offer exceptional adhesion, durability, and a glossy finish, making them ideal for enhancing the appearance and protecting the exterior surfaces of vehicles. From cars and trucks to motorcycles and recreational vehicles, solvent-borne coatings provide a protective layer that guards against corrosion, UV radiation, and environmental elements, ensuring the longevity and aesthetic appeal of automotive finishes. citeturn0search0 In the construction sector, solvent-borne coatings are employed for architectural applications, providing durable defense against corrosion, weathering, and wear on various surfaces, including concrete surfaces in buildings and highways, as well as steel structures like bridges and pipelines. citeturn0search0 Environmental regulations play a vital role in shaping the solvent-borne coating market in the U.S. Agencies like the Environmental Protection Agency (EPA) enforce strict rules to control the emission of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). To meet these regulations, manufacturers have invested in research and development to formulate low-VOC and HAPs-compliant solvent-borne coatings, leading to the development of more environmentally friendly options. citeturn0search0 The market is also witnessing a shift towards low-VOC and green coatings, driven by consumer demand for sustainable products and stringent environmental standards. Manufacturers are focusing on developing low-VOC formulations and using eco-friendly solvents to align with these trends. citeturn0search5 Key players in the U.S. coating solvent market include BASF SE, PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel N.V., RPM International Inc., Axalta Coating Systems Ltd., The Lubrizol Corporation, NEI Corporation, and Dow Chemical Company. These companies are at the forefront of innovation, developing advanced solvent formulations to meet the evolving demands of various industries. citeturn0search4 In summary, the U.S. coating solvent market is poised for continued growth, driven by technological advancements, increasing demand across various industries, and a strong emphasis on environmental sustainability. Manufacturers are adapting to these trends by developing innovative, eco-friendly products that meet the performance and regulatory requirements of the market.
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BASF
DowDuPont
Exxon Mobil
Shell
Arkema
Eastman Chemical
Clariant
Solvay
INEOS
Celanese
LyondellBasell Industries
Sasol
BioAmber
Peng Chen New Materials Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Coating Solvent Market
Aromatic Solvents
Aliphatic Solvents
Alcohols
Ester Solvents
Acyclic Solvents
Automotive Coatings
Industrial Coatings
Marine Coatings
Architectural Coatings
Wood Coating
Automotive
Aerospace
Construction
Consumer Goods
Infrastructure
Water-based Solvents
Solvent-based Coatings
High Solids Coatings
Low VOC Coatings
Zero VOC Coatings
Cleaners
Thinners
Adhesives
Paint Removers
Coatings Additives
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Coating Solvent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Coating Solvent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Coating Solvent Market, By Type
6. Global Coating Solvent Market, By Application
7. Global Coating Solvent Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Coating Solvent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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