LONDON, Aug. 15, 2016 /PRNewswire/ -- "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.
"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.
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.).
Reasons to buy the report
While making strategic decisions in business, timely and useful information is required. This report meets the requirements of various stakeholders, including material suppliers, product manufacturers, investors, and executives. Some of the salient features of this report are:
- Porter's five forces analysis
- Value chain analysis
- Market segmentation (type, function, formulation, application, and region), by volume and value
- Competitor analysis
- Detailed information on strategic developments in the industry
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