Further key findings from the report suggest:
The Americas coating additives market demand was 348.6 kilo tons in 2015 and is anticipated to grow at a CAGR of 3.8% from 2016 to 2024 to reach a net volume exceeding 480 kilo tons by 2024
Waterborne flow additives are expected to account for over 17% of the regional revenue by 2024. Growing demand for easy flow and leveling over wooden and plastic surfaces is anticipated to drive the segment growth over the next eight years.
Solventborne defoaming agents demand in Brazil is anticipated to grow at a CAGR of over 3% over the forecast period. Increasing demand for deaerating automotive, industrial, wood, and furniture coatings is expected steer product demand over the next few years.
Matting agents demand in Canada was 1.46 kilo tons in 2015. Surging demand for gloss effect and enhanced durability of decorative applications is expected to enhance product consumption in the region.
Product demand for architecture segment in Mexico is expected to generate revenue exceeding USD 80 million by 2024. Collaborations with various designers from Brazil, Italy, and the UK for developing creative infrastructure models for residential and commercial sectors, which in turn, is anticipated to drive market growth in the region.
The Americas coating additives market comprises a large number of integrated companies having immense experience in the industry and large client base globally. Some of the leading players include AkzoNobel NV, Ashland, Elementis Plc, The Lubrizol Corporation, The Eastman Chemical Company, and BYK-Chemie GmbH.
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