Key Players in the Europe Urethanes Coating Additives Market are Evonik Industries AG (Germany), BASF SE (Germany) and Rhodia S.A. (France).
(PRWEB) January 07, 2015
Urethane coating additives find its application in various end-user industries owing to its characteristic properties such as high load bearing capacity, flexibility, and abrasion resistance. Urethanes coating additives provide UV protection to the applied surface. Several industries such as construction, bedding & furniture and automotive use these additives extensively.
Browse through the TOC of Europe Urethanes Coating Additives Market for an analysis of industry trends, segments & forecasts.
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In 2013, European urethanes coating additives recorded the revenue of $385.2 million. Its revenue is projected to reach $415.4 million by 2018, at a CAGR of 1.5% between 2013 and 2018. The European urethane coating additives market is growing at a slow rate due to the prolonged effect of 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 automotive, building and construction, chemical and luxury goods.
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The growing concerns regarding the impacts of coating additives on the environments have brought about stringent environmental regulations in the European region and as a result, there is a sudden rise in demand for eco-friendly coating additives and similar products. This factor to an extent is restraining the growth of urethanes market in this region.
The market is dominated by Germany, which represents 18.2% of demand. It is followed by Italy, France and U.K.
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North America Defoaming Coating Additives Market
The development of foam is an undesired effect during the application of paints & coatings. Surfactants such as anti-foaming agents and dispersants are used in paints & coatings in lieu of preventing foam development. With the rapidly growing demand from the construction sector, the market for defoaming coating additives in North America is expected to grow significantly in the coming years.
The North American market is a major contributor to the global defoaming coating additives market, having accounted for a share of 28.6% in 2013. The North American market is projected to grow at a CAGR of 6.7% from 2013 to 2018. The U.S. held a majority of the shares in the North American market, and is expected to grow at a CAGR of 6.2% during the given period. The Mexican segment is expected to be the fastest-growing segment, projected to grow at a CAGR of 10.6% during the given forecast period. Among the major applications, the construction segment accounted for the highest share of 33.47% in 2013, followed by the industrial applications segment with a share of 20.18%. The industrial applications segment is projected to grow at a CAGR of 6.7% from 2013 to 2018.
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