New York, NY Dec 11 2019: The global coating additives market size
is anticipated to reach $11.91 billion by 2026, growing at a CAGR of 4.8%
during the forecast period, according to a report published by Polaris Market
Research. The report ‘Coating Additives Market By Product Type
(Metallic, Acrylic, Urethane, Fluor polymer & Others), By Formulation
(Solvent-Borne, Water-Borne and Powder-Based), By Function (Wetting &
Dispersion, Anti-Foaming, Biocides, Rheology Modification and Others), By
Application (Building & Construction, Automotive, Wood, Industrial and
Others), By Regions & Segments Forecast, 2018 – 2026’ provides
an extensive analysis of present market dynamics and predicted future trends.
Rapidly growing demand of coating additives from numerous end-use
industries is anticipated to be the major driver for the market. Coatings are complex and
versatile solutions and are generally known for offering better challenges to
formulators in comparison to any other product. Global coating additive market
has changed substantially in the last decade and is likely to continue with the
changes during the forecast period due to its highly competitive
characteristics.
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The essential constituents of coatings, the process of its
composition and environmental-based parameters have mainly driven the
innovation for this market. The regulatory framework backed up by environmental
& health concerns include reduction or complete elimination of volatile
organic compounds (VOC) or any other constituent that is known to be hazardous
in nature.
The application sectors for coating additives have witnessed
moderate growth, however, demand for novel and innovative additive compositions
are anticipated to increase rapidly. Pressure due to environmental impact of
these coating additives is considered to be a major driving parameter driving
forces for advent of new types of coating additives. Also, significant focus has
been levied upon the appearance effect d these additives coupled with the with
the costs of its utilization. Stringent regulatory framework and changing
consumer behaviour concerning the environment-friendly products have forced
coating manufacturers to launch innovative and sustainable products.
New and highly complex environmental policies & regulations,
introduced specifically to minimize the waste and support recycling &
recovery of additives, have resulted in new additive technologies and their manufacturing
techniques.
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The report provides an extensive qualitative and quantitative
analysis of the market trends and growth prospects of the Global Coating
Additives Market, 2017-2026. This report comprises a detailed geographic
distribution of the market across North America, Europe, APAC and South
America, and MEA. North America is further segmented into U.S., Canada. Europe
is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is
bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
The coating additives market is a fragmented with large number of
international and domestic players. Asia Pacific was the largest coating
additive regional market in 2017. This was mainly on account of rapid growth in
the industrial production in tandem with the rapidly growing automobile and
construction sector that have resulted in increased consumption of pants &
coatings and their additives. Developing nations such as India apart from other
countries such as China, Japan, and South Korea Apart from South Korea, has
contributed significantly to the regional growth by becoming a major
manufacturing hub of additives. European nations including France, Germany,
Italy, and UK are likely to be some of the significant countries to produce
considerable demand by 2026 in Europe. North America is yet another
significantly growing coating additives market in terms of concerning
increasing consumption and production.
Some of the major coating additives market players include Solvay,
DSM, Lord Corporation, Jotun A/S, BASF SE, Eastman Chemical Company, Clariant
AG, Cabot Corporation, Dynea as (Norway), Rhodia SA, Bayer AG, Double
Bond Chemical Ind., Co., Ltd., Valspar Corporation, ICL Advanced Additives,
Kenrich Petrochemicals, Inc., Berger Paints, Nippon Paint, Beckers Group,
Arkema SA, Kansai Paint, Sherwin-Williams Company, KCC Paint, PPG Industries,
and Axalta Coating Systems.
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