Coating Solvent Market
Coating Solvent Market Study by Crude-based and Bio-based (Green) for Xylene & Toluene, Acetone, Ethylene Dichloride, Alcohols, Chloroethane, and Ethyl Acetate from 2024 to 2034
Analysis of Coating Solvent Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Coating Solvent Market Outlook (2024 to 2034)
The global coating solvent market has been valued at US$ 10.02 billion in 2024, as analyzed and revealed in the recently published research report by Fact.MR. Worldwide revenue from the sales of coating solvents is forecasted to rise at a CAGR of 4.4% and reach US$ 15.41 billion by the end of 2034. Use of coating solvents has been rising steadily in automotive, manufacturing, aerospace sectors.
Coating solvents are utilized as prime ingredients in multiple other downstream coatings, offering opportunities for respective suppliers. An expansion of the construction sector and automotive industry is projected to result in the rising consumption of coating solvents. Surging requirements for improved thermal/wear resistance and higher surface finishing in automotive components generate remunerative opportunities for manufacturers of coating solvents in the production of automotive coatings. These coatings are utilized for protecting vehicle surfaces from corrosion and enhancing their appearance.
Solvent-based coatings are utilized to dissolve dispersed coating materials, including varnishes, adhesives, lacquers, paints, etc. They are used as essential elements to help achieve the desired consistency, application properties, and viscosity. Further, growing demand for paints and coatings from various sectors, including furniture, construction, automotive, etc., is projected to create remunerative opportunities for market players going forward.
Coating solvents find applications in several sectors, such as building coating, aerospace coating, furniture coating, etc. These are used for the decoration and protection of buildings. Aerospace coatings are employed on certain aircraft components for protecting against extreme temperatures.
- East Asia is evaluated to account for 24.6% of the global coating solvent market share by the end of 2034.
- Sales of coating solvents in South Korea are approximated to rise at 7.2% CAGR from 2024 to 2034.
- Worldwide demand for coating solvents for use in ethyl acetate is projected to increase at a CAGR of 3.9% and reach a worth of US$ 4.76 billion by 2034-end.
| Report Attribute | Detail |
|---|---|
| Coating Solvent Market Size (2024E) | US$ 10.02 Billion |
| Forecasted Market Value (2034F) | US$ 15.41 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.4% CAGR |
| Japan Market Growth Rate (2024 to 2034) | 4.6% CAGR |
| Market Share of Crude-based Coating Solvents (2034F) | 77.3 % |
| North America Market Share (2034F) | 17.5% |
| Key Companies Profiled | Ineos Group Limited; BASF SE; The Dow Chemical Company Arkema S.A.; Celanese Corporation; Solvay SA; Clariant AG; Royal Dutch Shell Plc; Eastman Chemical Co.; LyondellBasell Industries N.V.; Exxon Mobil Corporation. |
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Which Aspects are Responsible for Steady Increase in Demand for Coating Solvents?
“Rising Popularity of Solvent-Based Coating Solutions”
Solvent-based coating solutions are used extensively in multiple industries, such as aerospace, architectural coatings, automotive, etc. Unlike water-based coatings, these solvent-based coatings are comparatively less vulnerable to adverse conditions, humidity, high temperature, etc., thereby making them more popular among end users.
In recent years, the architectural and industrial coatings market has been expanding due to the extensive consumption of solvent-based coatings. This growth is underpinned by increasing investments provided by companies to match the requirements for coating services in multiple industries, such as defense, aerospace, automotive, etc. Moreover, increasing demand for coating solvents from the automotive industry with increased wear resistance capabilities is forecasted to contribute to the rising demand for coating solvents.
What is Anticipated to Hinder Demand Growth for Coating Solvents?
“Stringent Environmental Regulations Affecting Business of Coating Solvents”
Programs such as the EPCRA (Emergency Planning and Community Right-to-Know) Act and CAAA (Clean Air Act Amendments) are leading to reduced air pollution. In addition to these programs, stringent regulations have also been imposed on the use of coating solvents. These regulations are persuading coating end users and formulators to comply with them, thereby impacting the prospects for market players. Moreover, growing demand for alternative options, including bio-based coating solvents, water-borne coatings, etc., are also limiting opportunities for suppliers of coating solvents.
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How are Startups Strengthening Their Market Presence?
“Increased R&D Expenditure on Producing Sustainable and Environment-friendly Solvents”
New market players are investing in R&D activities aiming to manufacture sustainable and environment-friendly coating solvents because of the rising preference for greener products. There has been an increased demand for high-performance coatings, which is contributing to the development of advanced solvent formulations offering superior properties, including fast drying time, high durability, etc.
Country-wise Insights
According to the recently updated analysis by Fact.MR, a market research and competitive intelligence provider, East Asia is forecasted to capture 24.6% share of the global market by 2034. The growth in the region is attributed to constant advancements in solvent formulations and rising demand for coating solvents from multiple industries, such as automotive, construction, etc.
Why are Coating Solvent Suppliers Investing in the United States?
“Well-established Oil & Gas Industry”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.55 Billion |
| Growth Rate (2024 to 2034) | 2.5% CAGR |
| Projected Value (2034F) | US$ 1.98 Billion |
The United States is evaluated to occupy 73.5% share of the North American market by the end of 2034. The presence of a well-developed oil & gas industry in the United States is anticipated to contribute to the expanding coating solvent market growth. These coating solvents offer durability, quick drying, temperature and ultraviolet resistance, lasting protection against corrosion, and ease of application.
What is Responsible for Expanding Coating Solvent Market Size in China?
“Presence of Prominent End-use Industries in the Country”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.27 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 2.17 Billion |
China is analyzed to account for 57.3% share of the market in East Asia by 2034-end. The presence of some key end-use industries of coating solvents, including automotive, oil & gas, etc., are set to drive demand for coating solvents in the country over the coming years years. Demand for toluene and xylene is anticipated to remain high due to their increased use in the production of coating solvents.
Why are Coating Solvent Manufacturers Eyeing Japan?
“Presence of Leading Automotive Manufacturers”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 699.2 Million |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 1.09 Billion |
Japan is projected to contribute 28.8% share of the East Asian market by the end of 2034. The coating solvent market trends are positively influenced by the presence of some prominent automobile manufacturers, such as Mazda, Nissan, Toyota, etc., in Japan. In addition, constant investment in R&D activities for promoting innovations in construction and infrastructure industries is driving demand for coating solvents.
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Category-wise Insights
Currently, crude-based coating solvents are projected to hold a significant share of global market revenue over the next decade. However, increasing awareness among individuals for their footprints is expected to generate demand for environment-friendly coating solutions and bio-based coating solvents going forward. These bio-based solvents are projected to find applications for multiple sectors, including industrial equipment coatings, architectural coatings, etc.
Why is There High Preference for Crude-based Coating Solvents?
“Growing Consumption of Crude-based Coating Solvents for Their Viscosity and Features to Maintain Integrity”
| Attribute | Crude-based |
|---|---|
| Segment Value (2024E) | US$ 7.86 Billion |
| Growth Rate (2024 to 2034) | 4.2% CAGR |
| Projected Value (2034F) | US$ 11.91 Billion |
Crude-based coating solvents are evaluated to account for 77.3% share of global market revenue by 2034. Increasing demand for these solvents is attributed to their growing use as a more effective source for coating. In addition, these coatings offer proper coating viscosity and protect substrates from scratches, grime, dirt, abrasions, etc. Crude-based coating solvents help maintain integrity while leaving no residue. As a cost-effective solution, increased demand for crude-based coating solvents is also encountered.
Which Use of Coating Solvents is More Rewarding?
“Surging Popularity of Coating Solvents for Use in Ethyl Acetate”
| Attribute | Ethyl Acetate |
|---|---|
| Segment Value (2024E) | US$ 3.23 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 4.76 Billion |
Xylene & toluene, acetone, ethylene dichloride, alcohols, chloroethane, and ethyl acetate are key applications of coating solvents. Among these, ethyl acetate-sourced is forecasted to hold a share of 30.9% of the global market revenue by the end of 2034. Growing demand for coating solvents for this application is owing to increased efficiency.
Competitive Landscape
Key players in the coating solvent market are focusing on overcoming challenges related to technology, product quality, and cost. Certain market strategies, including expansion, mergers, acquisitions, new product development, etc., are adopted by prominent players to get a competitive edge. They are also working on offering quality products, managing supply chain systems, etc., to generate leads and retain existing ones.
- BASF is one of the prominent companies offering a wide of products, such as coating solvents, etc. The company provides innovative solutions and is well-known for its R&D capabilities. With growing requirements for high-performance coating solvents, the company is estimated to witness steady growth.
Fact.MR provides detailed information about the price points of key manufacturers of coating solvents positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Coating Solvent Market Research
-
By Reinforced Material :
- Crude-based
- Bio-based (Green)
-
By End Use :
- Xylene & Toluene
- Acetone
- Ethylene Dichloride
- Alcohols
- Chloroethane
- Ethyl Acetate
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Reinforced Material
- 6.2. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Reinforced Material
- 7.1. Crude-based
- 7.2. Bio-based (Green)
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 8.1. Xylene & Toluene
- 8.2. Acetone
- 8.3. Ethylene Dichloride
- 8.4. Alcohols
- 8.5. Chloroethane
- 8.6. Ethyl Acetate
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Reinforced Material, End Use, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Ineos Group Limited
- 19.2. BASF SE
- 19.3. The Dow Chemical Company Arkema S.A.
- 19.4. Celanese Corporation
- 19.5. Solvay SA
- 19.6. Clariant AG
- 19.7. Royal Dutch Shell Plc
- 19.8. Eastman Chemical Co.
- 19.9. LyondellBasell Industries N.V.
- 19.10. Exxon Mobil Corporation
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Reinforced Material, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Reinforced Material, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Reinforced Material, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Reinforced Material, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Reinforced Material, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Reinforced Material, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
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- FAQs -
How big is the coating solvent market in 2024?
The global coating solvent market is anticipated at a value of US$ 10.02 billion in 2024.
What is the demand outlook for coating solvents for 2034?
Worldwide demand for coating solvents is evaluated to reach a market worth of US$ 15.41 billion by the end of 2034.
At what CAGR is the demand for coating solvents projected to increase?
The global market is analyzed to advance at 4.4% CAGR from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is approximated to hold 24.6% share of global market revenue by 2034.
What is the forecasted demand growth rate of coating solvents in South Korea?
The market for coating solvents in South Korea is calculated to increase at a CAGR of 7.2% from 2024 to 2034.
What is the market scenario for crude-based coating solvents?
Global sales of crude-based coating solvents are evaluated to rise at 4.2% CAGR and reach US$ 11.91 billion by 2034.
Who are the leading producers of coating solvents?
BASF SE, Celanese Corporation, Solvay SA, Clariant AG, and Royal Dutch Shell Plc are some of the key manufacturers of coating solvents.
Coating Solvent Market