Key Players in the European rheology modification coating additives market are BYK CHEMIE GMBH, NASF SE, DOW CHEMICAL COMPANY, ARKEMA, AKZONOBEL N.V., EVONIK
(PRWEB) December 23, 2014
The European rheology modification coating additives market was valued at $478.12 million in 2013, which is expected to grow at a CAGR of 2.1% annually, to reach $529.75 million by the end of 2018.
The functions of rheology modification coating additives include the modification of the rheological properties of the coating such as viscosity, surface tension, sagging, film thickness, etc. It is essential to control these properties, because the performance of the coatings depends on these. These superior abilities of rheology modification coating additives make them suitable for use in a wide range of applications such as in industries, bedding and furniture, construction industries, automotive paints, and so on.
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The European region remained under the prolonged effect of the recession between 2008 and 2009, affecting its economic stability, and subsequently the demand of many goods and services. This caused a decline in the growth of various industries such as automotives, building and construction, chemical, luxury goods, etc. This effect has been seen in the past two years, which decreased the annual growth in the demand for additives. The European market for coating additives is a fragmented market with countries having a share in the demand within a competitive range. Germany, however, with almost 18% of the regional share, emerged as the major market in 2013. The U.K. is the largest market in terms of growth rate amongst all the countries in the region with a CAGR of 2.5% in the period under consideration.
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However, the governments of the countries are taking numerous measures to increase the revenue in various sectors. For instance, France is providing incentives to the new automotive customers. Similarly, the U.K. is planning to implement some packages for the chemical industry. In between the decreasing output from the conventional industries, the furniture industry of the region has displayed better performance. In the coming years, the turbulence in the regional economy is expected to reduce, which would ultimately support the demand for coating additives.
The key countries covered in the European rheology modification coating additives market are Germany, Italy, France, the U.K., and others. Various applications include construction, bedding & furniture, industrial applications, automotive paints, and other applications.
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Fluoropolymers reduce water resistance, electrical insulation, and ease of mechanical manipulation, all of which are desired characteristics in a variety of applications.
The global fluoropolymer coating additives market was valued at $1,082.35 million in 2013 and is expected to reach to $1,703.02 million by 2018, at a CAGR of 7.8% from 2013 to 2018. This growth is driven by the end-user sectors such as bedding & furniture and construction, where coating additives are extensively used owing to their ability to visually and chemically improve the performance of the coating.
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