The Middle East Water Borne Coating Additives Market is expected to reach $206.03 million by 2018 - A Report by MicroMarket Monitor

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The Middle East and Africa Water Borne Coating Additives Market is expected to reach $206.03 million by 2018, at a CAGR of 8.7% from 2013 to 2018, mainly driven by the oil & gas exploration and production activities

MicroMarket Monitor

MicroMarket Monitor

Key Players in the Middle East Water Borne Coating Additives Market are BASF SE (Germany), The Dow Chemical Co. (U.S.), and Evonik Industries AG (Germany)

The Middle East Water Borne Coating Additives Market report defines and segments the concerned market with analysis and forecast of revenue.

Water is a universal solvent, except, when used as a dispersant in water-borne coating systems. On the other hand, when this solvent turns to be a VOC (Volatile Organic Compound), it may prove to be harmful to the environment. This is primarily because such VOCs form hazardous chemical compounds, while coming in contact with the atmosphere. In water-borne systems, water is not only used as a solvent (alternatively known an emulsion) but also used to make resin emulsion. Therefore, water being an unrestricted solvent, is expected to drive the demand for water-borne coating additives in the future.

The Middle East has contributed to about 4% of the total water borne coatings market in 2013, wherein Saudi Arabia is the leading market, followed by Qatar and UAE. The market prospects of water borne coating additives in Qatar continue to remain positive. This market growth is mainly attributed to the increasing demand of coating additives among varied end-user applications.

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The upgrade of infrastructural facilities, especially during the preparation of FIFA World Cup 2022 in this region, has resulted in the rapid progression of the construction industry. This has further fueled the growing demand of water borne coating additives. Hence, Qatar is considered to be the fastest growing region in the Middle East and Africa water borne coating additives market, due to the incessant rise in expenditures, especially in the construction sector of this region.

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The regional governments of Middle East and Africa are focusing on environmental development, which offers additional opportunities for the widespread adoption of water-borne coating additives. The region is also attracting major players in the coating additive industry, so as to expand their businesses in this market segment. With this rapid shift towards eco-friendly products, the demand for water-borne coating additives is expected to grow at a higher rate in comparison to solvent-borne additives.

Related Reports :

Europe Acrylic Resin Coating Additives Market
The Europe Acrylic Resin Coating Additives market is witnessing a high growth due to the wide applicability of the additives in the formulations. The report estimates the size of the Coating Additives market both in terms of volume and value. The report provides a comprehensive overview of the key market drivers, challenges and issues. Europe Acrylic Resin Coating Additives Market is estimated to reach $371.5 million by 2018, growing at a CAGR of 1.9% from 2013 to 2018. The key driver of the market is the recovery of the economy which leads to the growing consumption of acrylic resin coating additives for various applications.

The report “Europe Acrylic Resin Coating Additives Market” defines and segments the Coating Additives market in the region with analyses and projections of the size of the Europe Acrylic Resin Coating Additives Market with respect to volume (KT) and value ($million).

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MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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