Paint Additives: A Global Strategic Business Report
San Jose, CA (PRWEB) February 18, 2010
Paint additives are substances that are added to paint formulations to enhance the characteristics of the paint. Integration of additives to paint formulation enables the paint to stick better, limits the growth of mildew, and improves the smell and anti bacterial properties of the paint, in addition to enhancing flow of the paint. The paint and coatings industry has been put under significant pressure by stringent environmental regulations in the recent years. In a bid to minimize impact of their products on the environment, which is an effect of increasing pressure from society and regulations, several manufacturers of coatings and paints began reformulating their products. As a result, demand for novel additives that ensure aid in addressing the concern increased in the recent years.
The United States dominates the world paint additives market as the single largest market, as stated by the new market research report on paint additives market. The credit crisis in 2007 and the subsequent recession in 2008 decelerated growth in value demand of paint additives in the US. Demand for paint additives is expected to revive in the upcoming years, owing to increasing demand for these products from formulators in an effort to adhere to changing legislations. Europe, as an affiliate region, leads the global market for paint additives.
Growth in the global market for paint additives is primarily originating from emerging markets such as Asia-Pacific. The rapid economic growth in most of the emerging countries in the recent years resulted in rampant architectural construction and industrial activity, which created significant demand for paints and additives that in turn rocketed demand for paint additives. Owing to continued growth in the architectural construction activity in countries such as India and China, Asia-Pacific is expected to emerge as the fastest growing regional market for paint additives worldwide in the forthcoming years.
Key players profiled in the report include Air Products And Chemicals, Inc., AkzoNobel Chemicals Inc., American Casein Company, Arch Chemicals Inc., Ashland Inc., BASF SE, Buckman Laboratories International Inc., BYK-Chemie USA, Inc., Cabot Corporation, Chemtura Corporation, Clariant Corporation, Cognis GmbH, Croda Oleochemicals Ltd, Cytec Industries Inc., Dover Chemical Co., Dow Chemical Co., Rohm and Haas Company, ANGUS Chemical Company, Dow Corning Corporation, Eastman Chemical Company, Elementis Specialties, Inc., Estron Chemical, Inc., Evonik Industries AG, Ferro Corporation, Huntsman International LLC, International Specialty Products, and Lubrizol Corporation, among others.
The report titled "Paint Additives: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product introductions, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including The United States, Japan, Europe, Asia-Pacific, and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Paint_Additives_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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