Solvent Borne Coating Market

ID: MRFR/CnM/28122-HCR

100 Pages

Sejal Akre

September 2025

Solvent Borne Coating Market Research Report By Technology (Acrylic, Alkyd, Epoxy, Polyurethane, Vinyl), By Type (Architectural, Industrial, Automotive, Marine), By Application Method (Brush, Roller, Spray), By Substrates (Metal, Wood, Concrete, Plastic) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2034

Solvent Borne Coating Market Research Report — Global Forecast till 2034 Infographic

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Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Solvent Borne Coating Market Summary

The global solvent borne coating market is projected to grow from 152.8 USD billion in 2024 to 209.6 USD billion by 2035, reflecting a steady expansion.

Key Market Trends & Highlights

Solvent Borne Coating Key Trends and Highlights

The market is expected to achieve a compound annual growth rate (CAGR) of 2.92 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 209.6 USD billion, indicating robust growth opportunities.
In 2024, the market is valued at 152.8 USD billion, laying a strong foundation for future expansion.
Growing adoption of solvent borne coatings due to their superior performance characteristics is a major market driver.

Solvent Borne Coating Market

CAGR

2.92%

Market Size & Forecast

2024 Market Size	152.8 (USD Billion)
2035 Market Size	209.6 (USD Billion)
CAGR (2025-2035)	2.92%

Major Players

Axalta Coating Systems, PPG Industries, Nippon Paint, RPM International, Kansai Paint, Hempel, Tikkurila, AkzoNobel, Becker Acroma, Chugoku Marine Paints, Jotun, BASF, Valspar, Sherwin-Williams, Sika AG

Solvent Borne Coating Market Trends

Solvent-borne coatings, utilizing organic solvents as carriers for film-forming polymers, continue to be essential industrial materials with multifaceted applications. Technological advancements, including the development of high-performance formulations and eco-friendly alternatives, are key drivers of market growth. The rising demand for corrosion protection and durability in automotive, marine, and aerospace industries is fueling the market's expansion. Opportunities lie in exploring advancements such as water-based and UV-curable coatings, which offer reduced environmental impact and improved performance. Recent trends indicate a shift towards VOC-compliant and low-HAP solvent-borne coatings, driven by stringent environmental regulations and consumer demand for sustainable products.

The adoption of advanced application techniques, like electrostatic spraying and powder coating, enhances efficiency and reduces waste, further influencing market developments.

The ongoing evolution in environmental regulations appears to drive innovation in the solvent borne coating market, as manufacturers seek to balance performance with compliance.

U.S. Environmental Protection Agency (EPA)

Solvent Borne Coating Market Drivers

Rising Demand in Construction Sector

The Global Solvent Borne Coating Market Industry experiences a notable surge in demand driven by the construction sector. As urbanization accelerates, the need for durable and aesthetically pleasing coatings for buildings and infrastructure becomes paramount. In 2024, the market is projected to reach 152.8 USD Billion, reflecting the sector's robust growth. Solvent borne coatings are favored for their excellent adhesion and weather resistance, making them ideal for exterior applications. This trend is expected to continue, with the market anticipated to grow, supported by ongoing construction projects worldwide.

Market Segment Insights

Solvent Borne Coating Market Technology Insights

The Solvent Borne Coating Market is segmented by Technology into Acrylic, Alkyd, Epoxy, Polyurethane, and Vinyl. In 2023, the Acrylic segment held the largest market share, accounting for over 35% of the global market. The Acrylic segment is expected to continue to dominate the market throughout the forecast period, owing to its excellent properties such as high gloss retention, UV resistance, and durability.

The Alkyd segment is the second largest segment in the Solvent Borne Coating Market, with a market share of over 25% in 2023.Alkyd coatings are known for their fast drying time, good adhesion, and resistance to chemicals and solvents. The Epoxy segment is expected to witness significant growth over the forecast period, owing to its high-performance properties such as excellent chemical resistance, corrosion resistance, and abrasion resistance. The Polyurethane segment is another important segment in the Solvent Borne Coating Market, with a market share of over 20% in 2023.

Polyurethane coatings are known for their flexibility, toughness, and abrasion resistance.The Vinyl segment is expected to witness moderate growth over the forecast period, owing to its cost-effectiveness and good performance properties. Overall, the Solvent Borne Coating Market is expected to witness steady growth over the forecast period, driven by increasing demand from various end-use industries such as automotive, construction, and industrial manufacturing. The growing demand for high-performance coatings and the increasing focus on sustainability are expected to further drive the growth of the market.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Solvent Borne Coating Market Type Insights

The Solvent Borne Coating Market is segmented by Type into Architectural, Industrial, Automotive, and Marine. Among these segments, the Industrial segment held the largest market share in 2023, accounting for around 40% of the global market revenue. This dominance is attributed to the extensive use of solvent-borne coatings in industrial applications such as machinery, equipment, and metal fabrication.

The Architectural segment is expected to exhibit the highest growth rate during the forecast period, owing to the increasing demand for solvent-borne coatings in construction and renovation activities.The Automotive segment is also projected to witness significant growth, driven by the rising production of automobiles and the growing popularity of solvent-borne coatings in automotive refinishing. The Marine segment is expected to hold a relatively smaller share of the market, but it is anticipated to grow steadily due to the increasing demand for solvent-borne coatings in shipbuilding and maintenance.

Solvent Borne Coating Market Application Method Insights

The Solvent Borne Coating Market is segmented based on Application Method into Brush, Roller, and Spray. In 2023, the Spray segment held the largest market share of around 45%. The growth of the segment can be attributed to the increasing adoption of spray coating technology in various industries, including automotive, construction, and furniture. The Roller segment is projected to witness steady growth over the forecast period, owing to its ease of use and cost-effectiveness. The Brush segment is expected to grow at a slower pace due to the emergence of more advanced coating technologies.

Solvent Borne Coating Market Substrates Insights

The Solvent Borne Coating Market is segmented by Substrate into Metal, Wood, Concrete, and Plastic. The Metal segment held the largest share of the market in 2023 and is projected to continue to grow at a steady pace through 2032. The growth of the Metal segment is attributed to the increasing demand for solvent borne coatings in the automotive and construction industries.

The Wood segment is expected to witness significant growth over the forecast period, owing to the rising demand for solvent borne coatings in the furniture and flooring industries.The Concrete segment is also expected to grow at a healthy rate, driven by the increasing demand for solvent borne coatings in the construction industry. The Plastic segment is expected to witness moderate growth, owing to the increasing demand for solvent borne coatings in the packaging and consumer electronics industries.

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Regional Insights

Regional segmentation of the Solvent Borne Coating Market presents distinct market dynamics and growth opportunities. In 2023, North America dominated the market, accounting for around 34.5% of the global revenue. The region's strong construction industry, particularly in the United States, drives demand for solvent-borne coatings in architectural applications. Europe stands as the second-largest regional market, with a significant share of 27.8%. Stringent environmental regulations in the region have prompted the adoption of low-VOC solvent-borne coatings, fueling the market growth.The Asia-Pacific region is expected to witness substantial growth over the forecast period, with a projected CAGR of 3.5%.

The region's rapidly expanding construction and automotive industries are key drivers of market expansion. South America and the Middle East and Africa (MEA) are emerging markets with relatively smaller shares but offer promising growth potential. Increasing urbanization, infrastructure development, and industrialization in these regions are expected to boost demand for solvent-borne coatings in the coming years.

Solvent Borne Coating Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

Major players in the Solvent Borne Coating Market industry are constantly striving to gain a competitive edge and maintain their market position. Leading Solvent Borne Coating Market players are investing heavily in research and development to introduce innovative products and technologies. The Solvent Borne Coating Market Competitive Landscape is characterized by a mix of established players and emerging companies. These players are focusing on expanding their global footprint through strategic acquisitions and partnerships.

They are also investing in capacity expansion to meet the growing demand for solvent-borne coatings.Among the leading players in the Solvent Borne Coating Market, Axalta Coating Systems is a global leader in the development, production, and sale of liquid and powder coatings. The company offers a wide range of solvent-borne coatings for various applications, including automotive, industrial, and architectural. Axalta has a strong presence in North America, Europe, and Asia-Pacific and is well-known for its innovative products and services.Another major player in the Solvent Borne Coating Market is PPG Industries.

PPG is a global supplier of paints, coatings, specialty materials, and chemicals. The company offers a comprehensive line of solvent-borne coatings for a wide range of industries, including automotive, aerospace, industrial, and marine. PPG has a strong global presence and is well-known for its high-performance coatings and commitment to sustainability.

Key Companies in the Solvent Borne Coating Market market include

Industry Developments

The Solvent Borne Coating Market is poised to grow significantly over the next decade, driven by increasing demand from various industries such as automotive, construction, and manufacturing. The market is expected to reach a valuation of USD 186.4 billion by 2032, exhibiting a CAGR of 2.9% from 2024 to 2032.Recent developments in the market include the growing adoption of eco-friendly and sustainable solvent borne coatings driven by stringent environmental regulations. Key market players are focusing on developing innovative products and technologies to meet the evolving needs of customers.

Strategic partnerships and acquisitions are also shaping the competitive landscape as companies seek to expand their market presence and gain access to new technologies.

Future Outlook

Solvent Borne Coating Market Future Outlook

The Global Solvent Borne Coating Market is projected to grow at a 2.92% CAGR from 2024 to 2035, driven by increasing demand in automotive and industrial applications.

New opportunities lie in:

Invest in eco-friendly solvent formulations to meet regulatory standards.
Leverage advanced application technologies to enhance product performance.
Expand into emerging markets with tailored marketing strategies.

By 2035, the market is expected to demonstrate robust growth, reflecting evolving consumer preferences and technological advancements.

Market Segmentation

Solvent Borne Coating Market Type Outlook

Architectural
Industrial
Automotive
Marine

Solvent Borne Coating Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Solvent Borne Coating Market Substrates Outlook

Metal
Wood
Concrete
Plastic

Solvent Borne Coating Market Technology Outlook

Acrylic
Alkyd
Epoxy
Polyurethane
Vinyl

Solvent Borne Coating Market Application Method Outlook

Brush
Roller
Spray

Report Scope

Report Attribute/Metric	Details
Market Size 2024	152.76(USD Billion)
Market Size 2025	157.22(USD Billion)
Market Size 2034	203.71 (USD Billion)
Compound Annual Growth Rate (CAGR)	2.9% (2025 - 2034)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2034
Historical Data	2020 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Nippon Paint, RPM International, PPG Industries, Kansai Paint, Hempel, Tikkurila, AkzoNobel, Axalta Coatings, Becker Acroma, Chugoku Marine Paints, Jotun, BASF, Valspar, SherwinWilliams, Sika AG
Segments Covered	Technology, Type, Application Method, Substrates, Regional
Key Market Opportunities	1 Construction boom in developing regions2 Shift towards eco-friendly coatings3 Demand for high-performance coatings4 Growth in automotive and aerospace industries
Key Market Dynamics	Growing automotive and construction industries Increasing demand for protective coatings Regulations on VOC emissions Technological advancements in formulations Expansion into emerging markets
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the current market size of the Solvent Borne Coating Market?

The Solvent Borne Coating Market is valued at 152.76 USD Billion in 2024.

What is the projected CAGR of the Solvent Borne Coating Market?

The Solvent Borne Coating Market is projected to grow at a CAGR of 2.9% from 2024 to 2034.

Which region is expected to hold the largest market share in the Solvent Borne Coating Market by 2032?

Asia Pacific is expected to hold the largest market share in the Solvent Borne Coating Market by 2032.

Which application segment is expected to witness the highest growth in the Solvent Borne Coating Market?

The Industrial segment is expected to witness the highest growth in the Solvent Borne Coating Market.

Who are the key competitors in the Solvent Borne Coating Market?

Key competitors in the Solvent Borne Coating Market include PPG Industries, AkzoNobel, BASF, The Sherwin-Williams Company, and Nippon Paint.

What are the major growth drivers of the Solvent Borne Coating Market?

Major growth drivers of the Solvent Borne Coating Market include increasing demand from the automotive and construction industries.

What are the key challenges faced by the Solvent Borne Coating Market?

Key challenges faced by the Solvent Borne Coating Market include stringent environmental regulations and the rising cost of raw materials.

What is the expected market size of the Solvent Borne Coating Market in 2032?

The Solvent Borne Coating Market is expected to reach 186.4 USD Billion by 2032.

What is the impact of COVID-19 on the Solvent Borne Coating Market?

The COVID-19 pandemic had a negative impact on the Solvent Borne Coating Market in 2020, but the market is expected to recover in the coming years.

What are the key trends in the Solvent Borne Coating Market?

Key trends in the Solvent Borne Coating Market include the development of eco-friendly coatings and the increasing use of automation in the manufacturing process.

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