Acrylic Resin Coating Additives Market is Expected to Reach $1,797.0 Million by 2019, at a CAGR of 6.3% From 2014 to 2019
Jun 10, 2015, 10:30 ET
FORT WORTH, Texas, June 10, 2015 /PRNewswire/ --
The global acrylic resin coating additives market was valued at $1,322.9 million in 2014, which is estimated to reach $1,797.0 million by 2019, growing at a CAGR of 6.3% from 2014 to 2019.
Browse through the TOC of Acrylic Resin Coating Additives Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The global acrylic resin coating additives market is witnessing growth owing to increasing use of these additives in various end-use industries. Acrylic coating has various characteristics, such as good thickening property, good UV resistance, and minimum VOCs emission in the formulation of the acrylic resin. Acrylic resin refers to thermoplastic or thermosetting materials which are derived from the compounds such as acrylic acid or methacrylic acid. The acrylic derivatives are added to heated plastics to create a material having high heat and impact resistance as well as UV resistance. They have different characteristics as per their manufacturing and application requirement in the end-use applications.
The Asia-Pacific region is expected to dominate the acrylic resin coating additives market due to the emerging economic developments and growing automotive segment. The increasing construction activities have led to the highest application market value of the architectural application segment. China and Japan are the key markets in the acrylic resin coating additives market of Asia-Pacific.
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New product launches and mergers & acquisitions are key strategies adopted by the market players to enhance their presence, portfolio, and market share.
The Asia-Pacific acrylic resin coating additives market is the largest, both in terms of volume and value, followed by North America, Europe, South America, and others. Middle East & Africa acrylic resin coating additives market is projected to register the highest CAGR during the forecast period. The key players in the global acrylic resin coating additives market are Byk-Chemie GmbH (Germany), The Dow Chemical Company (U.S.), BASF SE (Germany), Momentive Specialty Chemicals (U.S.), and AkzoNobel N.V. (The Netherlands), among others.
The architectural application segment is the largest, in terms of value and volume. The analysis of the acrylic resin coating additives market covers important developments, expansions, agreements, and mergers & acquisitions of the leading companies.
The North America acrylic resin coating additives market is witnessing a high growth due to wide applicability and availability at cheaper cost. The market is estimated to reach $627.3million by 2018, at a CAGR of 6.1% from 2013 to 2018. The key driver of the market is the building and construction industries recovery.
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