DUBLIN, April 16, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/xpl9g9/coating_additives) has announced the addition of the "Coating Additives Market by Function, Application, Formulation & Types - Global Trends & Forecast to 2018" report to their offering.
The global coating additives market is witnessing growth on account of increasing applications and rapidly growing demand in the Asia-Pacific region. These coatings are widely used 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.
This global market, in terms of revenue, was estimated to be worth $6 billion in 2012 and is expected to reach $8.7 billion by 2018, growing at a CAGR of 6.4% from 2013. Asia-Pacific and North America dominated the global coating additives market demand in 2012. 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.
Asia-Pacific dominates this global market, accounting for the largest share in overall consumption in 2012. North America and Europe remained second and third largest markets for these additives, respectively. North America, owing to its recovering construction, industrial and automotive sectors, has given the market for additives comfortable room for growth. However, struggling growth in the economy of the European region is expected to keep the growth in demand for these additives far below the global average. In recent years, 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. Key players in the global coating additives market include BYK-Chemie (Germany), BASF (Germany), Dow Chemical (U.S.), Evonik (Germany), Elementis (U.K.), AkzoNobel (The Netherlands), Arkema (France), and Eastman (U.S.).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Market, By Geography
6 Global Market, By Application
7 Global Coatings Additives Market, By Function
8 Global Market, By Formulation
9 Global Coatings Additives Market, By Type
10 Competitive Landscape
11 Company Profiles
- Akzonobel NV
- Arkema SA
- Asahi Glass Co Ltd
- Ashland Inc
- BASF SE
- BYK-Chemie GMBH
- Cabot Corp
- Cytec Industries Inc
- Daikin Industries Ltd
- Dynea AS
- Eastman Chemical Company
- Elementis PLC
- Evonik Industries AG
- K-Tech (India) Limited
- Momentive Specialty Chemicals Inc
- Rhodia SA
- The Dow Chemical Company
- The Lubrizol Corporation
For more information visit http://www.researchandmarkets.com/research/xpl9g9/coating_additives
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SOURCE Research and Markets