Europe Solvent Borne Coatings Market Research Report, 2028

The Europe solvent-borne coating market is anticipated to add USD 2.47 Billion from 2023 to 2028 Stringent environmental regulations promoting use of low-VOC.

Featured Companies

  • 1. 3M Company
  • 2. Sika AG
  • 3. Basf SE
  • 4. Arkema S.A.
  • 5. Wacker Chemie AG
  • 6. Cabot Corporation
  • More...

The solvent-borne coating industry in Europe stands out as a vibrant and influential sector, playing a pivotal role in numerous industries across the region. Renowned for their exceptional performance, durability, and versatility, solvent-borne coatings have become the preferred choice for protecting and enhancing surfaces. As Europe experiences profound shifts in regulations, technological advancements, and sustainability initiatives, the solvent-borne coating market is not only adapting to meet the evolving demands of various industries but also ensuring compliance with stringent environmental standards. This industry showcases a commitment to excellence and innovation, as coatings manufacturers continually strive to develop cutting-edge formulations that balance high-performance attributes with eco-friendly practises. As we delve into the depths of this dynamic market, we discover an industry that embraces change, anticipates future needs, and delivers solutions that both captivate and preserve the beauty of surfaces across Europe's diverse landscape. The solvent-borne coating market in Europe is a dynamic and rapidly evolving sector that plays a crucial role in various industries across the region. The origins of the European solvent-borne coating industry can be traced back to the Industrial Revolution, which brought about advancements in manufacturing and chemical processes. In the late 18th and early 19th centuries, the use of solvent-based coatings gained prominence, primarily driven by the need for protective and decorative finishes in various industries, such as architecture, automotive, and manufacturing. Throughout the 20th century, formulation innovations played a vital role in shaping the solvent-borne coating industry in Europe. Coatings manufacturers focused on developing efficient solvent systems, resins, and pigments that offered improved adhesion, durability, and weather resistance. These advancements allowed for the expansion of the industry into new applications and markets. In the latter part of the 20th century, Europe witnessed a growing concern regarding the environmental impact of solvent-borne coatings. In response, regulatory bodies began implementing stricter regulations to reduce volatile organic compound (VOC) emissions and promote sustainable practises. This led to a shift in the industry, with coatings manufacturers investing in research and development to formulate low-VOC and solvent-borne coatings. According to the research report, "Europe Solvent Borne Coating Market Research Report, 2028," published by Actual Market Research, the Europe Solvent Borne Coating market is anticipated to add USD 2.47 Billion in size from 2023 to 2028. Increasing awareness of environmental issues and growing consumer demand for sustainable products have pushed the solvent-borne coating industry in Europe to prioritise sustainability. Coatings manufacturers are actively exploring alternative raw materials, eco-friendly production processes, and recyclable packaging to reduce the environmental impact of their products. The industry's focus on sustainability is driven by the need to address climate change, reduce waste generation, and promote a circular economy. Solvent-borne coatings offer several advantages that contribute to their widespread use in Europe. They provide excellent adhesion, durability, and resistance to weathering, chemicals, and abrasion. Solvent-borne coatings also offer a wide range of finishes, colours, and textures, providing versatility and meeting diverse aesthetic requirements. Their ability to be applied to various substrates and surfaces further enhances their appeal in different applications, driving the demand for solvent-borne coatings in Europe. On-going infrastructure development projects across Europe, including commercial and transportation networks and energy facilities, drive the demand for solvent-borne coatings. These coatings are used for protecting and enhancing surfaces, ensuring longevity, and improving the visual appeal of infrastructure. The construction and infrastructure sectors act as significant drivers for the solvent-borne coating industry as they continue to expand and evolve. Solvent-borne coatings offer several advantages that contribute to their widespread use in Europe. They provide excellent adhesion, durability, and resistance to weathering, chemicals, and abrasion. Solvent-borne coatings also offer a wide range of finishes, colours, and textures, providing versatility and meeting diverse aesthetic requirements. Their ability to be applied to various substrates and surfaces further enhances their appeal in different applications, driving the demand for solvent-borne coatings in Europe.

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In Europe, there are several trends that drive the solvent-borne coating industry, including the Developments in resin technologies are driving innovation in solvent-borne coatings. Coatings manufacturers are exploring novel resin formulations that offer improved performance characteristics, such as enhanced adhesion, chemical resistance, and weather ability. Advanced resins enable the production of coatings with superior durability, flexibility, and scratch resistance, meeting the stringent requirements of various industries in Europe. Nanotechnology is playing a significant role in the solvent-borne coating industry in Europe. The incorporation of nanomaterial’s, such as nanoparticles and Nano composites, in coating formulations enhances their properties and performance. Furthermore, nanotechnology enables the development of coatings with improved scratch resistance, UV protection, antimicrobial properties, self-cleaning capabilities, and corrosion resistance. The industry is leveraging nanotechnology to create coatings with enhanced functionality tailored to specific application needs. Smart coatings, also known as functional coatings or intelligent coatings, are gaining traction in the European solvent-borne coating industry. These coatings have the ability to respond to external stimuli, such as temperature, light, or moisture, and exhibit specific properties or functionalities. For example, self-healing coatings can repair minor scratches or damage, while thermal barrier coatings provide insulation properties. Smart coatings are finding applications in various industries, including automotive, aerospace, and electronics. Furthermore, the adoption of digital technologies and the integration of Industry 4.0 principles are transforming the solvent-borne coating industry in Europe. Coatings manufacturers are utilising advanced analytics, artificial intelligence, machine learning, and automation to optimise processes, improve efficiency, and enhance product quality. Digitalization enables real-time monitoring, predictive maintenance, quality control, and data-driven decision-making, leading to improved productivity and reduced waste. These technological trends in the solvent-borne coating industry in Europe highlight the industry's commitment to advancing performance and efficiency. Through on-going research and development, the industry continues to evolve, meet regulatory requirements, and address the changing needs of end-user industries. Based on the types, the segment includes the one-component and two-component systems of solvent-borne coating. One-component solvent-borne coatings are generally more common in Europe, particularly for applications where simplicity and ease of use are prioritised. These coatings are pre-mixed and ready to use directly from the container without the need for additional components or mixing. They offer convenience and are often used in applications where a quick drying time is desired, such as architectural coatings, general industrial coatings, and DIY consumer applications. One-component coatings are typically air-drying or require minimal heat curing. On the other hand, two-component solvent-borne coatings are also prevalent in the European market, especially for applications that demand higher performance and durability. These coatings consist of a base component (resin) and a separate hardener or catalyst component. The two components are mixed together shortly before application to initiate a chemical reaction that leads to curing and the formation of a robust, cross-linked coating. Two-component solvent-borne coatings offer excellent adhesion, chemical resistance, and mechanical properties, making them suitable for demanding applications such as automotive, aerospace, marine, and industrial equipment coatings. Based on the application segment, this includes automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks. Solvent-borne coatings are heavily utilised by the European automotive sector for car refurbishment, OEM, and numerous transportation applications. Automotive surfaces benefit from the high adhesion, gloss, scratch resistance, and chemical resistance of solvent-borne coatings. They are used to coat automobiles, trucks, buses, motorbikes, and other vehicles for cosmetic reasons as well as to safeguard against corrosion and the elements. Furthermore, in Europe, solvent-borne coatings are essential for upgrading and safeguarding industrial machinery and equipment. These coatings are used to offer corrosion protection, abrasion resistance, and increased durability on surfaces such as metal structures, equipment components, tanks, and pipelines. Industrial sectors, including manufacturing, oil and gas, power generation, and machinery production, rely on solvent-borne coatings to extend the lifespan and maintain the performance of their equipment. Based on the industry vertical segment, this includes utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. Furthermore, in Europe, solvent-borne coatings are essential for upgrading and safeguarding industrial machinery and equipment. These coatings are used to offer corrosion protection, abrasion resistance, and increased durability on surfaces such as metal structures, equipment components, tanks, and pipelines. Solvent-borne coatings are used by industrial sectors including manufacturing, oil and gas, power generation, and machinery manufacture to prolong the life and maintain the performance of their equipment. Various industrial manufacturing sectors utilise solvent-borne coatings to protect and enhance metal components, machinery, and equipment. These coatings offer corrosion resistance, abrasion resistance, and protection against chemicals and harsh environments. Industries such as machinery manufacturing, metal fabrication, appliances, and electronics rely on solvent-borne coatings for surface finishing and protection.

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Kripa Shah

Kripa Shah

Senior Analyst

In Europe, there are several coating associations. The solvent-borne coating industry is supported by various associations and organisations that play a crucial role in promoting best practises, industry standards, and knowledge sharing. Some of the prominent associations in the solvent-borne coating sector in Europe include the European Coatings Association (ECCA), which represents the interests of the coatings industry in Europe, including solvent-borne coatings. It works towards promoting sustainable and innovative coating solutions, advocating for favourable policies and regulations, and facilitating networking and collaboration among industry stakeholders. Furthermore, the British Coatings Federation (BCF) is the trade association for the coatings, printing inks, and wall covering industries in the United Kingdom. It provides support and representation to its members, conducts industry research, offers training programmes, and promotes sustainability initiatives in the coatings sector. The Verband der Deutsches Lack- und Druckfarbenindustrie e.V. is the association representing the German paint and printing ink industries. It supports its members through technical and regulatory assistance, industry information, and networking opportunities. VdL also works to enhance the reputation and competitiveness of the German coatings industry. The Federation Nazionale degli Industriali Verniciatori (ANVER) is the national federation of Italian paint manufacturers. It promotes and protects the interests of the Italian coatings industry and supports its members through technical guidance, training programmes, and industry events. ANVER also collaborates with other European associations to advance the coatings sector. Considered in this report • Geography: Europe • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Kripa Shah

Aspects covered in this report • Europe Solvent Born Coating market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Germany • UK • France • Italy • Spain • Russia By Type: • One Component System Solvent Borne Coating • Two Component System Solvent Borne Coating By Application: • Automotive Solvent Borne Coatings, • Industrial Solvent Borne Coatings, • Printing Inks By Industry Vertical: • Utilities, • Oil & Gas Industry, • Manufacturing Industry, • Hospitals, • Other Industry Verticals The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • 3M Company
  • Sika AG
  • Basf SE
  • Arkema S.A.
  • Wacker Chemie AG
  • Cabot Corporation
  • Jose Cuervo
  • Casa Aceves
  • Akzo Nobel N.V
  • Hempel A/S
  • Kansai Paint Co.,Ltd.
  • Nippon Paint Holdings Co., Ltd
  • Jotun Group
  • The Dow Chemical Company
  • Brillux GmbH & Co. KG
  • Altana AG
  • DIC Corporation

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Solvent Borne Coatings Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Type
  • 5.4. Market Size and Forecast, By Application Type
  • 6. Europe Solvent Borne Coatings Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Type
  • 6.4. Market Size and Forecast, By Application Type
  • 6.5. Market Dynamics
  • 6.5.1. Market Drivers & Opportunities
  • 6.5.2. Market Restraints & Challenges
  • 6.5.3. Market Trends
  • 6.5.4. Covid-19 Effect
  • 6.5.5. Supply chain Analysis
  • 6.5.6. Policy & Regulatory Framework
  • 6.5.7. Industry Experts Views
  • 6.6. Germany Solvent Borne Coatings Market Outlook
  • 6.6.1. Market Size By Value
  • 6.6.2. Market Size and Forecast By Type
  • 6.6.3. Market Size and Forecast By Application Type
  • 6.7. United Kingdom Solvent Borne Coatings Market Outlook
  • 6.7.1. Market Size By Value
  • 6.7.2. Market Size and Forecast By Type
  • 6.7.3. Market Size and Forecast By Application Type
  • 6.8. France Solvent Borne Coatings Market Outlook
  • 6.8.1. Market Size By Value
  • 6.8.2. Market Size and Forecast By Type
  • 6.8.3. Market Size and Forecast By Application Type
  • 6.9. Italy Solvent Borne Coatings Market Outlook
  • 6.9.1. Market Size By Value
  • 6.9.2. Market Size and Forecast By Type
  • 6.9.3. Market Size and Forecast By Application Type
  • 6.10. Spain Solvent Borne Coatings Market Outlook
  • 6.10.1. Market Size By Value
  • 6.10.2. Market Size and Forecast By Type
  • 6.10.3. Market Size and Forecast By Application Type
  • 6.11. Russia Solvent Borne Coatings Market Outlook
  • 6.11.1. Market Size By Value
  • 6.11.2. Market Size and Forecast By Type
  • 6.11.3. Market Size and Forecast By Application Type
  • 7. Competitive Landscape
  • 7.1. Competitive Dashboard
  • 7.2. Business Strategies Adopted by Key Players
  • 7.3. Key Players Market Positioning Matrix
  • 7.4. Porter's Five Forces
  • 7.5. Company Profile
  • 7.5.1. The Sherwin-Williams Company
  • 7.5.1.1. Company Snapshot
  • 7.5.1.2. Company Overview
  • 7.5.1.3. Financial Highlights
  • 7.5.1.4. Geographic Insights
  • 7.5.1.5. Business Segment & Performance
  • 7.5.1.6. Product Portfolio
  • 7.5.1.7. Key Executives
  • 7.5.1.8. Strategic Moves & Developments
  • 7.5.2. Akzo Nobel N.V
  • 7.5.3. Jotun Group
  • 7.5.4. BASF SE
  • 7.5.5. Sika AG
  • 7.5.6. Cabot Corporation
  • 7.5.7. Wacker Chemie AG
  • 7.5.8. Kansai Paint Co.,Ltd.
  • 7.5.9. Axalta Coating Systems Ltd.
  • 7.5.10. Nippon Paint Holdings Co., Ltd
  • 7.5.11. 3M Company
  • 7.5.12. Arkema S.A.
  • 7.5.13. The Dow Chemical Company
  • 7.5.14. DIC Corporation
  • 7.5.15. Solvay NV/SA
  • 7.5.16. Eastman Chemical Company
  • 7.5.17. Croda International plc
  • 8. Strategic Recommendations
  • 9. Annexure
  • 9.1. FAQ`s
  • 9.2. Notes
  • 9.3. Related Reports
  • 10. Disclaimer

List of Tables

Table 1: Global Solvent Borne Coatings Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Solvent Borne Coatings Market Size and Forecast, By Type (2017 to 2028F) (In USD Billion)
Table 6: Global Solvent Borne Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 7: Europe Solvent Borne Coatings Market Size and Forecast, By Type (2017 to 2028F) (In USD Billion)
Table 8: Europe Solvent Borne Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 9: Influencing Factors for Global Solvent Borne Coatings Market, 2022
Table 10: Germany Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 11: Germany Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 12: United Kingdom Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 13: United Kingdom Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 14: France Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 15: France Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 16: Italy Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 17: Italy Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 18: Spain Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 19: Spain Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 20: Russia Solvent Borne Coatings Market Size and Forecast By Type (2017 to 2028F) (In USD Billion)
Table 21: Russia Solvent Borne Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)

List of Figures

Figure 1: Global Solvent Borne Coatings Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Solvent Borne Coatings Market Share By Region (2022)
Figure 6: Europe Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Europe Solvent Borne Coatings Market Share By Country (2022)
Figure 8: Germany Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: UK Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: France Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Italy Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: Spain Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Russia Solvent Borne Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2022
Figure 15: Porter's Five Forces of Global Solvent Borne Coatings Market

Market Research FAQs

Yes, Europe has regulations in place to limit the emission of volatile organic compounds (VOCs) from solvent-borne coatings. These regulations aim to minimize the environmental impact and promote the use of low-VOC or compliant coatings. It is important for manufacturers and users of solvent-borne coatings to adhere to these regulations and stay updated on any changes in the regulatory landscape.

Solvent-borne coatings are used in various industries in Europe. Some prominent sectors include automotive and transportation, construction and architecture, furniture and woodworking, industrial manufacturing, marine and offshore, and general industrial applications. These coatings provide protection, aesthetics, and functional properties in diverse applications within these industries.

The solvent-borne coatings industry is constantly evolving, driven by technological advancements. Manufacturers are focusing on developing low-VOC formulations, improving coating performance, enhancing durability, and introducing innovative additives and resins. Research and development efforts are also directed towards reducing environmental impact and improving the sustainability of solvent-borne coatings.

The coatings industry, including solvent-borne coatings, is making efforts to enhance sustainability. This includes reducing the VOC content, implementing eco-friendly manufacturing processes, promoting recycling and waste reduction, and developing coatings with longer service life to minimize environmental impact. By adopting these practices, solvent-borne coatings can contribute to a more sustainable and environmentally conscious industry.
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Europe Solvent Borne Coatings Market Research Report, 2028

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