Industry and News Solvent-Based Paint Market | Page 2

affecting the working performance of the paint. The Solvent-Based Paint Market is attaining huge
recognition across various applications.
It has been noticed that Solvent-Based Paint Market is expanding its base rapidly across the globe.
The factors that are playing a significant role in boosting up the market demand may entail robust
industrialization, urbanization, novel innovations, augmentation in the demands, emerging nations,
rise in the disposable income, augmented awareness among the end users, technological
advancements, rise in the utilization of solvent-based paints, and burgeoning applications.
Moreover, the manufacturers are siding with various strategies such as joint ventures, acquisitions,
and partnerships that is in turn contributing in the inorganic growth of the Solvent-Based Paint
industry. Solvent-Based Paint Market is segregated by product type as Non-benzene Solvent-Based
Paint, Benzene Solvent-Based Paint, and others. This market is segmented by application as
Automotive Paint, Marine Paint, Wood Paint, Architectural Paint, and others. The industry is divided
by geography as North America, Europe, China, Japan, Southeast Asia, and India.
Geographically, the Solvent-Based Paint Market is witnessing a huge growth in the North American
countries and it is likely that the region will go on progressing at a huge rate, the reason being
existence of a wide range of manufacturing units, rise in the adoption rates, and mounting
investments by the leading companies. In contrast, Europe and Asia Pacific are also gradually
displaying a momentous growth in the market owing to the rise in the market growth opportunities.
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The key players contributing in the development of the Solvent-Based Paint Industry are recognized
as DAW SE, Shawcor, PPG, AkzoNobel, Henkel, RPM International, Axalta, BASF, Kansai Paint, Sika,
Masco, Jotun, Hempel, KCC Corporation, Cromology, SK KAKEN, Carpoly, Taiho Paint, Asian Paints,
Nippon Paint, Sherwin-Williams, Valspar, 3M, and HB Fuller.