North America Solvent Borne Coatings Market Outlook, 2028

North America Solvent Borne Coatings Market Outlook, 2028

The solvent-borne coating market in North America is a dynamic and thriving landscape, driven by a multitude of factors that shape its trajectory. This flourishing market finds its foundation in the robust infrastructure and construction boom that permeates the continent. As cities rise and expand, solvent-borne coatings step forward as the guardians of architectural wonders, offering protection, durability, and unparalleled aesthetics to structures of all scales. The automotive industry, a driving force behind North America's economic prowess, further propels the solvent-borne coating market to new heights. With each passing year, automotive manufacturers push the boundaries of innovation, relying on solvent-borne coatings to provide a flawless finish that captures attention and evokes desire. These coatings not only enhance the visual allure of automobiles but also safeguard them against the ravages of time, weather, and road conditions. Beyond the realm of automotive excellence, the industrial and manufacturing sectors stand as pillars of strength, relying on solvent-borne coatings to shield machinery, equipment, and infrastructure. With unrivalled chemical resistance and weather durability, these coatings ensure optimal performance in the face of demanding operating conditions, cementing North America's industrial prowess and pushing the boundaries of what is possible. Revitalization projects, seeking to breathe new life into existing structures and historical landmarks, contribute to the surging demand for solvent-borne coatings. Their transformative abilities allow these coatings to rejuvenate surfaces, preserving their architectural integrity while adding a touch of sophistication and elegance. From the vibrant streets of metropolitan centres to the quaint towns steeped in history, solvent-borne coatings infuse new energy into the very fabric of North America. Amidst the pursuit of progress, environmental consciousness serves as a guiding principle. North America's stringent regulations on volatile organic compound (VOC) emissions have sparked a shift towards low-VOC solvent-borne coatings. By embracing sustainable formulations, the market responds to the call for eco-friendly solutions without compromising on performance, opening doors to a greener and more responsible future.

According to the research report North America Solvent-Born Coating Market Outlook, 2028, published by Bonafide Research, the North America Solvent-Born Coating market was valued at USD 5.26 Billion in 2022. On-going research and development efforts have led to the introduction of innovative solvent-borne coating technologies. These advancements include improved resin formulations, enhanced curing mechanisms, and the development of high-performance additives, resulting in coatings with superior properties such as increased durability, faster drying times, and enhanced environmental sustainability. Consumers in North America increasingly value high-quality finishes, durability, and visual appeal in various applications. Solvent-borne coatings offer a wide range of colours, finishes, and textures, allowing for customization and meeting the aesthetic demands of consumers across industries. While solvent-borne coatings have historically been popular, environmental regulations aimed at reducing volatile organic compound (VOC) emissions have led to the development of low-VOC solvent-borne coatings. The market is witnessing a shift towards eco-friendly formulations to comply with regulations and meet the growing demand for sustainable coating solutions. The renovation and revitalization of existing structures and historical landmarks contribute to the demand for solvent-borne coatings. These coatings are used to refurbish and protect surfaces, preserving their architectural integrity and enhancing their visual appeal. The demand for environmentally friendly coatings continues to rise in response to stricter regulations and growing environmental awareness. Coatings manufacturers are focusing on developing low-VOC solvent-borne formulations that reduce emissions and minimise the impact on air quality. These coatings offer improved sustainability without compromising on performance, meeting the needs of eco-conscious industries and consumers.

The history of solvent-borne coatings in the North American market is intertwined with the development of the coatings industry itself. Solvent-borne coatings have a long-standing legacy that traces back to the early days of industrialization and the advent of modern surface protection. In the late 19th and early 20th centuries, the industrial revolution sparked a rapid expansion of manufacturing and infrastructure projects across North America. As industries grew, the need for protective coatings to safeguard surfaces from corrosion, weathering, and wear became apparent. Solvent-borne coatings emerged as a viable solution, offering durability and performance in diverse applications. In the early stages, solvent-borne coatings were primarily based on natural resins such as oils and varnishes. These coatings were typically thinned using solvents derived from organic compounds. The solvents served as carriers, allowing the coatings to be easily applied and facilitating evaporation to form a solid film. Linseed oil and natural resin varnishes were commonly used to protect surfaces in various industries. As the coatings industry advanced, synthetic resins were introduced, providing enhanced properties and a broader range of applications. Alkyd resins, developed in the 1920s, became widely used in solvent-borne coatings due to their excellent adhesion, flexibility, and resistance to weathering. The introduction of alkyd resins revolutionised the coating industry and opened doors to new possibilities. The mid-20th century witnessed further advancements in solvent-borne coatings with the development of acrylic resins. Acrylic coatings offered improved colour retention, gloss, and durability, leading to their adoption in various industries, including automotive, architectural, and industrial sectors. Solvent-borne acrylic coatings gained popularity for their versatility and ability to provide high-performance finishes. Over time, the North American coatings market experienced shifts in regulations and environmental awareness, leading to the formulation of low-VOC solvent-borne coatings. Volatile organic compounds (VOCs) found in traditional solvent-borne coatings are associated with air pollution and environmental concerns. In response, coatings manufacturers worked towards reducing VOC content in their formulations to comply with increasingly stringent regulations and meet the demand for more environmentally friendly solutions. Today, the solvent-borne coatings market in North America continues to evolve.

Based on the two major types of segments included in this report: one-component systems and two-component systems, solvent-borne coatings In the North American market, both one-component and two-component systems of solvent-borne coatings are utilised. One-component systems of solvent-borne coatings are often preferred in applications where simplicity and ease of use are important factors. These coatings are pre-formulated and ready to use without the need for additional mixing or curing agents. They are commonly used for smaller projects, touch-ups, and maintenance coatings. One-component solvent-borne coatings find applications in architectural coatings, wood finishes, and DIY projects where convenience and quick drying times are valued. On the other hand, two-component systems of solvent-borne coatings offer enhanced performance and durability. These coatings consist of two components, typically a base and a curing agent or hardener, which are mixed together shortly before application. The chemical reaction between the two components triggers the curing process, resulting in a highly durable and chemically resistant coating. Two-component solvent-borne coatings are widely used in industrial settings, automotive refinishing, heavy-duty machinery, and other applications that require superior performance and protection. While the usage of both one-component and two-component solvent-borne coatings is prevalent in the North American market, the specific choice depends on factors such as the desired level of performance, the scale of the project, the industry requirements, and the expertise of the applicator. Some applications may demand the enhanced properties provided by two-component coatings, while others may find the simplicity and convenience of one-component coatings more suitable.

Based on the application segment, automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks the automotive industry in North America relies heavily on solvent-borne coatings for various applications. These coatings are used for automotive refinishing, original equipment manufacturer (OEM) coatings, and other automotive components. Solvent-borne coatings provide a high-quality finish, excellent adhesion, corrosion resistance, and durability to vehicles, protecting them from environmental factors and enhancing their appearance. Solvent-borne coatings play a vital role in the industrial sector across North America. They are used to protect machinery, equipment, and infrastructure from corrosion, chemicals, abrasion, and harsh operating conditions. Industrial coatings provide a durable and long-lasting finish, ensuring the longevity and performance of industrial assets in sectors such as manufacturing, oil and gas, power generation, and transportation. As well as the marine and offshore industries in North America, which extensively rely on solvent-borne coatings for vessels, offshore platforms, and marine structures, these coatings offer excellent resistance to saltwater, moisture, and harsh marine environments. They protect the surfaces from corrosion, fouling, and weathering, ensuring the durability and operational efficiency of marine assets. Based on the industrial vertical segment, which includes utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals, In North America, the industrial and manufacturing sectors utilise solvent-borne coatings for a wide range of applications. These coatings are applied to machinery, equipment, metal structures, and industrial components to provide protection against corrosion, chemicals, abrasion, and harsh operating conditions. They ensure the longevity and performance of industrial assets.

Considered in this report

• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• North America 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:

• US
• Canada
• Mexico

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.

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