Key Players in the North American impact modification coating additives market are ASHLAND INC., NASF SE, DOW CHEMICAL COMPANY, ARKEMA, AKZONOBEL N.V., EVONIK, ASAHI KASEI, DAIKIN and RHODIA SA
(PRWEB) December 17, 2014
Impact modification coating additives can also be tailored to suit the specific requirements of end-user industries such as advanced chemical and thermal resistance in demanding environments, good weathering properties, etc. These superior abilities of additives make them suitable for use in a wide range of applications in industries such as automotive, construction, chemical processing, house ware, medical, etc.
The North American impact modification coating additives market was valued at $107.2 million in 2013, which is expected to grow at a CAGR of 7.3% annually, to reach $152.4 billion by the end of 2018.
This market constitutes 28.4% of the global impact modification coating additives market that is poised to grow its market share to 28.3% by the end of 2018.
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The U.S. recorded the largest revenue in 2013 with $84.1 million that is estimated to reach $117.1 million by 2018 at a CAGR of 6.8% for the period under consideration in the North America impact modification coating additives market. Construction recorded the largest revenue in 2013 with $35.9 million and it is estimated to reach $50.5 million by 2018 at a CAGR of 7.1% for the period under consideration.
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The demand for environment friendly products, in particular in the developed regions, has witnessed a massive escalation in the past few years (also driven by environmental regulations), which makes these coating additives viable in most of the sectors, where they are being used due to highly efficient properties in the North American region.
The key countries covered in the North American impact modification coating additives market are the U.S., Canada, and Mexico. Various applications include construction, bedding & furniture, industrial applications, automotive paints, and other applications.
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