The South America Waterborne Coating Additives Market is Anticipated to Reach $333.62 Million by 2018 - A Report by MicroMarket Monitor
(PRWEB) December 27, 2014 -- The South America Waterborne Coating Additives Market report defines and segments the market in South America, with analysis and forecast of revenue.
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Formulations with higher water content are widely preferred across various geographical regions. This demand is majorly influenced by the popularity of water borne coating additives, which highlights the un-restricted use of water as a solvent, especially in coatings formulation. As water borne coating additives adhere to environmental regulations, the demand for these additives is expected to experience a steady growth during the forecast period.
Brazil is dominating the South American market, and is anticipated to reach $192.80 million by 2018. On the other hand, Argentina is considered as the highest growing region in this market, growing at a CAGR of 5.5% from 2013 to 2018.
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FIFA Word Cup 2014 and Summer Olympics 2016 are mega events driving the growth in construction industries of this region, which indirectly affects the market demand of waterborne coatings. Construction of new highways (2,989 km), expansion of the rail network (12,000 km), incentives to shipbuilding, construction of new renewable energy plants, and investments made in wind energy generation, are significant factors leading to the rapid expansion of the construction industry. This expansion has resulted in the increasing adoption of water borne coating additives, thereby influencing the overall growth of this market in South America.
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During the period of financial crisis, the economic condition of South America witnessed a downturn, which in turn, affected the demand of waterborne coating additives among its end-user applications. But, due to the economic recovery observed in recent years, the demand of water borne coating additives across varied industry verticals is anticipated to witness a steady progression.
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The North America acrylic resin coating additives market is witnessing a high growth due to wide applicability and availability at cheaper cost. 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. The market is estimated to reach $627.3 million by 2018, at a CAGR of 6.1% from 2013 to 2018. The key driver of the market is the building and construction industries recovery.
The report “North America Acrylic Resin Coating Additives Market” defines and segments the coating additives market in the region with analyses and projections of the North America acrylic resin coating additives market with respect to volume (KT) and value ($million).
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