ACCESS REPORT @ Recent research into the Global Coatings Additive Market
Global Coatings Additive market was estimated to be worth $6.79 billion in 2014 and is expected to reach $9.9 billion by 2020, growing at a CAGR of 6.5%. Asia-Pacific and North America dominated the global coating additives market demand in 2014. Asia-Pacific is expected to remain the largest market in the near future, owing to increasing demand from key countries such as China and India.
The main drivers for the growth of coating additives market are the growing building & construction and automotive industries. There is a huge demand for coating additives from building & construction industry due to increasing demand for better and superior quality surfaces. Residential and commercial buildings are the leading end-users for coating additives and are likely to gain higher market share in the near future owing to increased construction activities, particularly in Asia Pacific, Eastern Europe and Latin America.
Asia-Pacific has registered a strong demand for coating additives, and this trend is expected to continue in the near future, driven by China and India. The high demand from the Middle East region is due to large investment in its construction sector. Market participants are focusing on the Asia-Pacific and Middle East & Africa (Rest of the World) regions to gain market share and improve profitability.
The role of coating additives starts right from the formulation of the coating. Its plays a very important role in the entire value chain of the coating. The value chain of coating additives market involves a group of interdependent activities performed by various industries. This consists of raw material suppliers, coating additive manufacturers, formulators, and end-user applications, with logistics and supply chain management linking all of them into one group. The feedstock suppliers are the companies which supplies raw materials such as urethanes, fluoropolymers, acrylates, or silicones.
The global coating additives market is witnessing growth on the account of increasing applications, and rapidly growing demand in the Asia-Pacific region. They are widely being used in coating application in the construction, automobiles, and wood & furniture industries. Typical uses of these additives is to improve wettability, dispersing of solids, foam reduction, gloss control, anti-catering, anti-chipping, flow control, and UV protection, etc. of the coating material. The specific application of coatings may require the protection of coated substrate from chemicals, high temperature, abrasion, impact, moisture, biocides, etc. during the service life of the material.
Companies profiled in the Coatings Additive market report include BYK-Chemie, BASF, Akzonobel, Arkema, and Eastman, Cabot Corporation, Dynea AS, Evonik Industries AG among several others.
The rapid economic growth in most of the emerging countries in the recent years resulted in rampant architectural construction and industrial activity, which created significant demand for paints and additives that, in turn, rocketed demand for paint additives. As the paint and coatings industry continues to fall under pressure by environmental regulations, manufacturers of coatings and paints are endlessly reformulating their products. As a result, demand for novel additives continues to increase, and the growing shift toward water-based paint systems are fueling demand for paint and coating additives, providing tremendous growth potential for additives suppliers.
Environmental regulations associated with the harmful effects of VOCs are expected to be a major restraint for the Coatings Additive market.
What the report contains
The report elucidates the situation of Coatings Additive around the world and studies its markets by end-user industry which includes automotive, wood & furniture, architecture, and others; by Type – Acrylic, Urethane and Fluoropolymers among others; by Function - Rheology modification, Biocidic, Wetting & Dispersing, Anti-foaming and Impact modification;
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
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8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.1 Asahi Glass Co. Ltd.
8.2 Akzonobel N.V.
8.3 Arkema SA
8.4 Ashland Inc.
8.5 BASF SE
8.6 BYK-Chemie GMBH
8.7 Cabot Corp.
8.8 Cytec Industries Inc.
8.9 Daikin Industries Ltd.
8.10 The Dow Chemical Company
8.11 Dynea AS
8.12 Eastman Chemical Company
8.13 Elementis PLC
8.14 Evonik Industries AG
8.15 K-Tech (India) Limited
8.16 Rhodia SA
8.17 The Lubrizol Corporation
8.18 Momentive Specialty Chemicals Inc.
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