Key Players in the Middle East and Africa Wetting and Dispersion Coating Additives Market are Arkema, Dow Chemical, BASF, and AkzoNobel.
(PRWEB) October 02, 2014
The Middle East and African Wetting and Dispersion Coating Additives market is estimated to reach $109.0 million by 2018, at a CAGR of 8.9% from 2013 to 2018, due to high demand from construction industries
Browse through the TOC of the Middle East and Africa Wetting and Dispersion Coating Additives Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Coating additives are specially engineered chemicals, resins, or metal derivatives which help in improving the performance of coatings. Coating additives offer a combination of good chemical resistance, rheology modification, chip resistance, and favorable wetting & dispersion properties. The urethane-based coating additives are basically used for stabilization, wetting, dispersion, anti-flooding, and anti-floating. It is also employed for superior color acceptance of tinters. In addition to these, they are also used for UV reflectivity, chip resistance, and impact resistance. The demand for wetting & dispersion coating additives is mainly driven by the increasing need for solid content and decreasing volatile organic compound (VOC) content in the formulation. The increased solid content gives better color acceptance, while reduced VOC content helps in meeting the environmental regulations in various regions.
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The economy of the countries in the Middle East and African region are mainly driven by oil & gas exploration and production activities. The countries included in the region are Saudi Arabia, Qatar, and UAE. The region also constitutes most of the member from the OPEC cartel such as Saudi Arabia, Iran, Iraq, Libya, Qatar, UAE, and others. Saudi Arabia is the most dominant country in the region with highest demand for coating additives in 2013. The country is followed by Qatar and UAE with above average consumption in the region. The construction sector is in a better position from the last decade which is consuming coating additives. With huge amount of capital in the sector, it becomes the most lucrative sector for the coating additives industry. The government in this region is also focusing on the environmental development, which offers opportunities to additives for water-borne and powder-based coatings. The region is also attracting major players in the coating additive industry so as to expand their business.
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The report covers the Middle East and Africa wetting and dispersion coating additives market which is segmented on the basis of application and geography. The market segmented on the basis of applications covers automotive paints, bedding & furniture, construction, and industrial applications.
Asia-Pacific Wetting & Dispersion Coating Additives Market
Asia Pacific Wetting & Dispersion Coating Additives market has been pegged at $505.8 million in the year 2013 and is growing at 8.2% annually and is projected to reach $750.4 million by the end of the year 2018.
Asia Pacific Wetting & Dispersion Coating Additives market constitutes 40.6% of Global Wetting & Dispersion Coating Additives market and is poised to grow its market share to 43.1% by the end of the year 2018.
Asia Pacific Wetting & Dispersion Coating Additives market is segmented on the basis of applications and geographies.
North America Wetting & Dispersion Coating Additives Market
North American Wetting & Dispersion Coating Additives market has been pegged at $355.72 million in the year 2013 and is growing at 7.20% annually and is projected to reach $503.85 million by the end of the year 2018.
North American Wetting & Dispersion Coating Additives market constitutes 28.5% of Global Wetting & Dispersion Coating Additives market and is expected to hit a market share of 29.0% by the end of the year 2018.
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