Coating Additives Market worth $8.7 Billion by 2018
DALLAS, October 29, 2013 /PRNewswire/ --
The report "Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Powder Based), & Types - Global Trends & Forecast to 2018", defines and segments the Coating Additives Market with analysis and forecasting of revenue and volume. This market would grow from an estimated $6 billion in 2013 to $8.7 billion by 2018, with a CAGR of 6.4% from 2013.
Browse 136 market data tables and 27 figures spread through 254 pages and in-depth TOC on "Coating Additives Market".
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The major function of a coating additive is to address problems hindering the performance of coatings; as the problem would include foaming, wetting & dispersing, inconsistent rheology, biocides, etc. Thus, the industry players have begun focusing on developing and launching additives which would facilitate the formulators to achieve the right proportion along with high performance. With the tightening environmental regulations, formulators are forced to reduce the VOC content in their products. This has caused a shift towards the use of water-borne or powder coatings, wherever it is possible. It has, thus, become important for them to find a right balance between the product performance and content of their product. Hence, careful selection of the right additive plays an important role in the performance of coatings in its end-use application.
According to estimates, Asia-Pacific did lead the market for coating additives with 40.8% share at global level in 2012, followed by North America (26.9%), Europe (20.2%), South America (8.1%) and Rest of the World (4.1%). Looking at additives type, acrylic-based coating additives leads demand with highest share, followed by urethane, metallic, and fluoropolymer-based additives.
The growth of the Coating Additives Market has been studied through in-depth analysis of major factors that are driving the market such as, growing demand for multifunctional additives with opportunities in the development of multifunctional coating additives. However, the difficulties faced by the formulators and environmental regulations are proving to be the major restraining factors for the market.
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