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Coating Additives Market Analysis | Recent Market Developments | Industry Forecast to 2019-2026

 



(EnergyIndustry.Net, December 23, 2019 ) Market Overview

Coating additives are added to paints and coatings to improve their properties and optimize the production process of paint systems by reducing the problems during the formulation. These additives offer customized solutions about improved pigment wetting, defoaming, air release, substrate wetting or surface slip.



The global coating additives market is expected to grow with a CAGR of 6.6 % during the forecast period from 2019 to 2026.



Download free sample: https://www.datamintelligence.com/download-sample/coating-additives-market



Market Drivers and Restraints

Increasing applications of coating additives in architectural coatings is the primary driver of the market. Growing residential and commercial construction industry in the world especially in the emerging economies of the Asia-Pacific region is propelling the demand for architectural coatings.



According to Bruce Shaw report, the global construction output will grow by 85% to USD 15.5 trillion by 2030. The US, China, and India are leading in the construction industry and accounting for approximately 57% of global growth.



Also, the growing automotive industry in regions such as Asia-Pacific and South America is driving the demand for coating additives.



Over the last decade, the global automotive industry has undergone the most significant transformation. Although North America and Europe are the largest markets in the world, Asia-Pacific automotive sales are gradually increasing and are the primary market expected to see strong growth during the forecast period.



Industry Analysis

The global coating additives market report segments the market by type, formulation, and application. Based on the wording, the market can be segmented as water-borne coatings, solvent-borne coatings, powder-based coatings, and UV Curable Coatings.



Water-borne coating additives hold a larger market share as compared to other types of formulations. The demand for water-borne and powder-based coatings is increasing due to stringent environmental regulations on VOC. However, the solvent-based coatings are still used in the Asia-Pacific region, and its usage is decreased in the Europe and North America regions.



The market is further classified based on applications such as architectural coatings, automotive, wood & furniture, industrial and others. Architectural coatings are the leading application of coating additives market. The growing commercial and residential construction Asia-Pacific region is driving the demand for coating additives.



Also, increasing automotive sales in Asia-Pacific, especially in the South East Asian countries, are propelling the demand for coating additives.



In March 2017, the total sales of new cars in Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines increased 14% to 316,000 vehicles compared to the same period the prior year. The projected strong sales growth of cars in Southeast Asia is resultant of higher incomes and the increasing middle class in the region’s fast-growing economies.



Geographic Share

The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others. Asia-Pacific accounted for the largest market share in 2017 and will be the most lucrative region during the forecast period.



The market for coating additives in the APAC region is mainly driven by the increasing demand in the construction industry from developing countries like China and India. The Indian Construction industry in value terms is expected to record a CAGR of 15.7% to reach USD 738.5 billion by 2022. The sector contributes 55% share in the Steel industry, 15% in the Paint industry and 30% in the Glass industry.



However, water-borne coating additives have significant growth in North America and Eu-rope. Since most of the countries in these regions are focusing on green construction from the last ten years and the trend is expected to continue in the coming years. This will increase the demand for the water-borne and powder-based coating additives.



Coating Additives Companies

Evonik Industries AG, BASF SE, DowDupont, AkzoNobel N.V, Clariant AG, BYK Additives, Mo-mentive Performance Materials Inc., Arkema SA, Eastman Chemical Company, Clariant AG, Lubrizol (Berkshire Hathaway), and Ashland Inc.



View full report: https://www.datamintelligence.com/research-report/coating-additives-market



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About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.



For more information:

Sai Kiran

Sales Manager at Data M Intelligence

Email: info@datamintelligence.com

Tel: +1 877 441 4866

Website: www.datamintelligence.com

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

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