Dallas, TX (PRWEB) November 08, 2013
Coating additives are specially engineered and developed materials, witnessing growth in market demand. This growth is driven by the end-user segments where they are being used extensively owing to their ability to improve the performance of the coating chemically, and make it visually appealing. Coating additives contribute towards the improvement of factors that affect the performance of coatings; the factors would include wetting, dispersing, protection from biocides, foaming, slip & rub, etc. They can also be tailored to suit the specific requirements of end-user industries such as advanced chemical and thermal resistance in extreme environments, good anti-weathering properties, etc. These superior properties of additives make them suitable for use in a wide range of applications in industries such as automotive, construction, chemical processing, houseware, medical, etc.
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This study estimates and projects the global market trend of coating additives up until the end of 2018. Asia-Pacific is the most dominant market for these additives, owing to large and growing demand from China and growing construction industry. Coatings are also available in powder form which is best suited for application where the substrate is able to withstand curing temperature which is more than 125 C. Acrylic and urethane-based additives are the fastest growing product types in these applications. Growing construction activity, automotive, industrial developments, and furniture are expected to help this market. Asia-Pacific is expected to be the largest market for these additives where growth is driven by key countries such as China, Japan, and India.
This market research study provides detailed qualitative and quantitative analysis of the global coating additives market. The report provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and challenges in the market. The market is further segmented and forecasted for major regions that include North America, Europe, Asia-Pacific, South America, and Rest of the World. Competitive scenario and market share of the top players in the market has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.
Coating additives market has also been segmented on the basis of product types where major product types such as acrylic, urethane, metallic and fluoropolymer-based additives have been discussed in detail; a comprehensive view and forecast is provided for each category with the market volume and revenue. The market has been further segmented on the basis of application, function, and formulation. The major applications for these additives fall under the automotive, architecture, industrial, and wood & furniture sectors; these have been discussed in detail in the report. Functions of the additives include rheology modification, anti-foaming, biocidic, impact modification, etc. For formulations, the market for additives used in water, solvent, and powder-based coating has been discussed. The market share for major market participants has also been discussed.
We have used various secondary sources such as companies’ annual reports, directories, and databases to identify and collect information that is useful for this extensive commercial study of coating additives. The primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of additives.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global coating additives market include BYK-Chemie (Germany), BASF (Germany), Dow Chemical (U.S.), AkzoNobel (The Netherlands), Evonik (Germany), Eastman Chemical (U.S.), etc.
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