(MENAFNEditorial) iCrowdNewswire - Sep 8, 2018
'The coating additives market projected to register a CAGR of 6.1%
The market size of coating additives is expected to reach USD 9.19 billion by 2021, registering a CAGR of 6.1% between 2016 and 2021. The growth of coating additives market is driven by demand from growing the construction and automotive industries. The liberal trade policies in emerging economies such as India, China, and South Korea are attracting many foreign investments for different sectors in the Asia-Pacific region. This will catalyze the demand for coating additives across various industrial verticals.
Request a Free Sample copy of This Premium Research Report: 'Acrylics to lead the coating additives market during the forecast period
Acrylic coating additives will lead the demand among different coating additives types. The major types of acrylate-based additives include polyacrylates, vinyl acrylates, acrylamide, and others. The demand is expected to grow due to increasing use of acrylics in decorative paints in commercial & residential buildings. Fluoropolymers being very expensive will generate less demand.
'Asia-Pacific projected to be the fastest-growing market during the forecast period
Asia-Pacific is projected to be the largest and the fastest-growing coating additives market, globally. This is mainly attributed to high economic growth rate, followed by heavy investment in the end-use industries such as automotive, infrastructure, and others. The European and North American markets are already technology driven and provide less scope for high growth. Asia-Pacificregion is expected to dominate the demand for automobile manufacturers due to continuous rise in vehicle sales. Foreign companies are investing and bringing the latest technology to Asia-Pacific due to large scope for growth and presence of various untapped markets in this region.
Read More about this report: Breakdown of profile of primary interviews for the report
• By Company Type Tier 1 30%, Tier 2 43%, and Tier 3 27%
• By Designation C Level 21%, Director Level 23%, and Others 56%
• By Region North America 37%, Europe 23%, Asia-Pacific 26%, and RoW 14%
Some of the key companies profiled in this report are AkzoNobel N.V. (Netherlands), BYK-Chemie GmbH (Germany), Arkema SA (France), Evonik Industries AG (Germany), BASF SE (Germany), The DOW Chemical Company (U.S.),and Ashland Inc. (U.S.).
Related report:-
Global Urethanes Coating Additives Industry Market Research Report
The Urethanes Coating Additives market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Urethanes Coating Additives industrial chain, this report mainly elaborate the definition, types, applications and major players of Urethanes Coating Additives market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Urethanes Coating Additives market.
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