South Africa Solvent Borne Coatings Market Research Report, 2028

The solvent-borne coatings market in South Africa represents a sizeable portion of the nation's coatings sector. Organic solvents are used in the formulation of solvent-borne coatings as the vehicle for the coating's essential elements, including resins, pigments, and additives. These coatings provide a number of benefits, including as great adhesion, longevity, and resistance to chemicals and the elements. Numerous factors have contributed to the market for solvent-borne coatings in South Africa's consistent expansion in recent years. First, as the nation's construction industry has grown, there is a greater need for coatings in construction projects for homes, businesses, and infrastructure. Architectural paints, protective coatings, and maritime coatings are just a few examples of the many uses for solvent-borne coatings. The prosperous automobile sector in South Africa is another factor driving up the need for solvent-borne coatings. These coatings offer defence, aesthetic appeal, and corrosion resistance and are used in the construction and refurbishing of vehicles. Both domestic and foreign coating producers are present in the market, which defines it. By utilising their technical know-how and extensive product portfolios, a number of global corporations have solidified a presence in South Africa. Domestic producers also contribute significantly, meeting local demand and providing specialised solutions. According to the report title, “South Africa Solvent Borne Coatings Market Research Report, 2028”, publish by Actual Market research, the market is anticipated to add USD 60 Million from 2022 to 2028. In South Africa, Solvent-borne coatings find applications in a wide range of industries and sectors. Apart from construction and automotive, they are used in sectors such as aerospace, industrial equipment, furniture, and marine. This diverse application base adds to the market's versatility and growth potential. South Africa's solvent-borne coatings industry has a strong export orientation. The country exports its coatings to neighboring African countries and other international markets. This contributes to foreign exchange earnings and strengthens the industry's position globally. South African coating manufacturers often collaborate with international companies for technology transfer and knowledge sharing. These collaborations help local manufacturers access advanced technologies, improve product quality, and expand their market reach. Also, South Africa has abundant reserves of key raw materials required for solvent-borne coatings production, such as minerals and petrochemicals. This availability of local raw materials provides a competitive advantage to local manufacturers in terms of cost and supply chain efficiency. The South African solvent-borne coatings market places a strong emphasis on quality and adherence to international standards. Manufacturers strive to maintain high product quality and meet international specifications to compete effectively in both domestic and export markets. South African Paint Manufacturers Association (SAPMA) is the leading industry association representing paint and coatings manufacturers in South Africa. It serves as a platform for networking, collaboration, and information sharing among members. SAPMA also promotes industry standards, supports research and development, and provides training and education programs. Master Painters Association (MPA) of South Africa is another association representing professional painters and contractors in South Africa. While not specific to solvent-borne coatings, it plays a significant role in the industry by promoting best practices, providing training and certification, and facilitating connections between contractors and clients. Additionally, South African Oil and Colour Chemists' Association (SAOCCA) is a professional association that brings together individuals and organizations involved in the field of oil, color, and related industries, including coatings. It focuses on promoting technical knowledge, providing educational opportunities, and fostering collaboration within the industry. Furthermore, Chemical and Allied Industries' Association (CAIA) represents the chemical industry in South Africa, including manufacturers and suppliers of various chemical products. It provides support, advocacy, and guidance on regulatory and sustainability matters affecting the industry, which includes the coatings sector. Moreover, South African Bureau of Standards (SABS) is a national standards body responsible for the development, promotion, and maintenance of standards in various industries, including coatings. SABS standards cover aspects such as product quality, safety, and environmental impact. Compliance with SABS standards is often sought after and recognized by industry players.

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Manufacturers have been investing in research and development to introduce new products and technologies that offer enhanced performance, sustainability, and application benefits. One significant area of innovation is the development of low volatile organic compound (VOC) coatings. Manufacturers have been actively working to reduce the VOC content in solvent-borne coatings, making them more environmentally friendly and compliant with regulatory standards. This has led to the formulation of low-VOC coatings that provide excellent adhesion, durability, and resistance to chemicals and weathering while minimizing harmful emissions. In addition, manufacturers have focused on enhancing the durability and performance of solvent-borne coatings. Advanced resin technologies, such as epoxy, polyurethane, and acrylic, have been utilized to improve resistance to weathering, UV radiation, abrasion, and corrosion. This has resulted in coatings that offer long-lasting protection and maintain their appearance over extended periods. Moreover, innovation in the South African solvent-borne coatings market has led to the development of high-solid formulations. These coatings have a higher concentration of solid components and reduced solvent content, resulting in improved coverage, reduced drying times, and decreased environmental impact. Furthermore, there has been innovation in the area of color and aesthetics, with manufacturers introducing a wide range of color options, textured finishes, and special effects coatings. Additionally, advancements in digitalization have led to the exploration of smart coatings with functionalities such as self-healing and self-cleaning properties. Some of the leading players in the South African solvent-borne coatings market are Kansai Plascon, Dulux South Africa, Prominent Paints, Hempel South Africa, Midas Paints, Plascon (Taubmans). The solvent-borne coatings market has been impacted by environmental laws and rising sustainability awareness. The South African government has taken action to lower coatings' emissions of volatile organic compounds (VOCs). As a result, low-VOC or water-based coatings have become more popular. Solvent-borne coatings, however, continue to have a dominant position because of their superior performance in some applications and ongoing technological developments to lower VOC content. Market players are concentrating on R&D initiatives to create innovative goods with lower VOC contents and improved performance traits. To increase their market presence, they are also making investments in cutting-edge manufacturing facilities and distribution systems. In this regard, a crucial area of the South African coatings business is the solvent-borne coatings market. The market is anticipated to keep growing due to continued product advancements, strong expansion in the construction and automotive industries, and other factors. To maintain long-term sustainability, manufacturers must handle environmental issues and adjust to changing rules. Considered in this report: • Geography: South Africa • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • South Africa Solvent Borne Coatings Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Kripa Shah

Senior Analyst

By Application Type: • Architectural • Industrial By Resin Type: • Acrylic • Alkyd • Epoxy • Polyester • Polyurethane • Fluoropolymers • Vinyl • Others 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.

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Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solvent borne coatings 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.