(PRWEB) July 04, 2014
Fluoropolymers coating additives are used in formulation of powder and paint coatings in order to give protection of substrate from high temperature, chemical reaction, corrosion and so on. They are generally used in industrial applications where the substrates are exposed to harsher environments.
The global fluoropolymers coating additives market is witnessing stable growth, owing to the increasing demand from the end-user industries. The value of the global fluoropolymers coating additives market was estimated to be $1.08 billion in 2012. The major applications of fluoropolymers coating additives include architecture, automotive, industrial sector, and wood & furniture.
BYK-Chemie (Germany), BASF (Germany), Akzonobel (The Netherlands), Arkema (France), and Eastman (U.S.) are the leading players in this market.
Browse through the market data tables, figures, and detailed ToC on the “Fluoropolymers Coating Additives Market:” http://www.micromarketmonitor.com/market-report/fluoropolymers-coating-additives-reports-4676111510.html
Asia-Pacific Fluoropolymers Coating Additives Market:
Asia pacific is the biggest consuming market of fluoropolymers coating additives, and is expected to grow at a CAGR of around 8% from 2013 to 2018. China is the leader in this region and continues to contribute towards fluoropolymers coating consumption at a high rate, followed by Japan, South Korea, and India. The demand for fluoropolymers additives in this region is majorly driven by the construction industry. The percentage share of the Asia-Pacific region for fluoropolymers additives was more than 40% of the total global demand in 2012, which was the largest worldwide. The construction and automotive sectors are the key drivers for the growth of the fluoropolymers coating additives market.
North America Fluoropolymers Coating Additives Market:
The North American market has been a leader with respect to product innovation, in terms of quality and application development. In the North American region, the U.S. dominated the fluoropolymers coating additives market in 2012, and it continues to do so for the next five years. The U.S. market, after facing crisis due to economic slowdown between 2008 and 2009, is showing signs of revival. Thus, it is forecasted that its market would increase at a CAGR of above 4% from 2013 to 2018, especially due to the construction and automotive industry. The region is characterized by strict environmental regulations regarding the base of the formulations, which has created an entry barrier for the formulators.
Europe Fluoropolymers Coating Additives Market:
Europe is one of the key markets for fluoropolymers coating additives, having accounted for 20% of the global market in 2012. The region’s market is dominated by Germany, followed by countries such as France, the U.K., and Italy, with close share in the demand for fluoropolymers coating additives. The European region remained under the prolonged effect of recession between 2008 and 2009, affecting its economic stability and subsequently, the demand of many goods and services. The region is also known for its commitment towards strict environmental and safety regulations.
The major players of this region are BYK-Chemie (Germany), BASF (Germany), Arkema (France), Evonik (Germany), and Elementis (U.K.).
South America Fluoropolymers Coating Additives Market:
Brazil is the major player in the South American market, followed by Argentina. The economy of the region saw a downturn during financial crisis, which was the combination of both internal and external factors, thus affecting the demand for additives in its end-user application industry between 2010 and 2011. The growth in the industry would increase the engagement of the automotive manufacturing unit due to availability of credit to the middle-class people and global economic stability. The growing automotive, oil & gas, and construction industries currently seem to be in better condition in the region.
Middle East and Africa Fluoropolymers Coating Additives Market:
The Middle East and African countries constitute most of the members from the OPEC cartel such as Saudi Arabia, Iran, Iraq, Libya, Qatar, and the UAE, among others. The economies of the countries are mainly driven by oil & gas exploration and production activities. The construction sector, with huge amount of capital in the sector, becomes the most lucrative sector for the fluoropolymers coating additives market. The regional government is also focusing on the environmental development, which offers opportunities to fluoropolymers additives for water-borne and powder-based coatings. The region is also attracting major players in the industry so as to expand their business.
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