Global Solvent Borne Coatings Market Size & Outlook
Global solvent borne coatings market, 2018-2030 (US$M)
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Global solvent borne coatings market highlights
- The global solvent borne coatings market generated a revenue of USD 39,137.4 million in 2022 and is expected to reach USD 52,671.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.8% by 2030.
- In terms of segment, automotive solvent borne coatings accounted for a revenue of USD 14,230.2 million in 2022.
- Industrial Solvent Borne Coatings is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 39,137.4 million |
| Market revenue in 2030 | USD 52,671.4 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Automotive solvent borne coatings |
| Fastest growing segment | Industrial Solvent Borne Coatings |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Printing Inks, Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings |
Other key industry trends
- In terms of revenue, the North America accounted for 21.1% of the global solvent borne coatings market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 367.3 million by 2030.
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Solvent Borne Coatings Market Scope
Solvent Borne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global solvent borne coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solvent borne coatings market will help companies and investors design strategic landscapes.
Automotive solvent borne coatings was the largest segment with a revenue share of 36.36% in 2022. Horizon Databook has segmented the Global solvent borne coatings market based on printing inks, automotive solvent borne coatings, industrial solvent borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Solvent Borne Coatings Application Outlook (Revenue, USD Million, 2018-2030)
- Wood
- Industrial
- Printing Inks
- Paper & Film
- Adhesives
- Glass
- Others
- Electronic Products
- Consumer Goods
- Architectural
- Automotive
- General Industries
- Furniture
- Automotive OEM
- Metal Packaging
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Marine
- Coil
- Automotive Solvent Borne Coatings
- Industrial Solvent Borne Coatings
- Global Solvent Borne Coatings Type Outlook (Revenue, USD Million, 2018-2030)
- One Component
- Two Compoent
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Our clientele includes a mix of solvent borne coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global solvent borne coatings market , including forecasts for subscribers. This global databook contains high-level insights into Global solvent borne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global solvent borne coatings market size, by regions, 2018-2030 (US$M)
Top 10 countries: Solvent borne coatings market size, 2022 (US$M)
Global solvent borne coatings market share, by application, 2022 & 2030 (%, US$M)
Solvent borne coatings market: Opportunity assessment by country
Global solvent borne coatings market, by region, 2022 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7,911.4 | 8,201.6 | 7,869.0 | 8,086.3 | 8,258.0 | 8,472.3 | 8,708.9 | 8,969.2 | 9,255.0 | 9,568.2 | 9,910.8 | 10,284.6 | 10,692.3 | 3.3% |
| Europe | 8,853.5 | 9,159.8 | 8,770.4 | 8,994.1 | 9,166.0 | 9,384.1 | 9,625.6 | 9,892.0 | 10,185.0 | 10,506.4 | 10,858.3 | 11,242.5 | 11,661.4 | 3.1% |
| Asia Pacific | 13,574.6 | 14,249.3 | 13,842.8 | 14,402.7 | 14,891.8 | 15,468.0 | 16,096.8 | 16,782.8 | 17,530.9 | 18,346.7 | 19,236.5 | 20,206.2 | 21,263.4 | 4.6% |
| Latin America | 3,690.8 | 3,832.5 | 3,683.3 | 3,791.4 | 3,878.5 | 3,986.0 | 4,104.4 | 4,234.5 | 4,377.1 | 4,533.3 | 4,704.0 | 4,890.2 | 5,093.3 | 3.5% |
| MEA | 2,767.2 | 2,882.1 | 2,778.2 | 2,868.3 | 2,943.1 | 3,033.9 | 3,133.5 | 3,242.7 | 3,362.2 | 3,492.8 | 3,635.6 | 3,791.2 | 3,960.9 | 3.8% |
| Overall | 36,797.4 | 38,325.3 | 36,943.7 | 38,142.8 | 39,137.4 | 40,344.2 | 41,669.2 | 43,121.1 | 44,710.2 | 46,447.3 | 48,345.1 | 50,414.7 | 52,671.4 | 3.8% |
Related regional statistics
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