Europe Acrylic Resin Coating Additives Market is Estimated to Reach $266 Million by 2018, Growing at a CAGR of 2% From 2013 to 2018
FORT WORTH, Texas, December 11, 2014 /PRNewswire/ --
The report analyzes the European acrylic coating additives market in terms of the applications as well as the geography. The major countries covered in the report are Germany, the U.K., Italy and France. The report gives the forecast till year 2018 in terms of the value (USD million) and in terms of volume (KT). It also includes the company profiles and competitive strategies adopted by various market players BYK-Chemie (Germany), BASF (Germany), Arkema (France), Evonik (Germany), and Elementis (U.K.), and other market players in the Europe Coating Additives Market.
The Europe acrylic resin coating additives market expected to be driven by the demand for environment-friendly products in this region.
Browse through the TOC of Europe Acrylic Resin Coating Additives Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Acrylic resins offer numerous properties like lusture, transparency, and excellent durability that have resulted in their increased demand in the paints and coatings industry. They are used in a variety of applications such as bedding and furniture, construction, automotive paints and industrial applications. These products, in particular, have witnessed a strong growth in the past few years, which is driven by the stringent environmental regulations in this region. This is expected to drive manufacturers to develop and launch more and improved products in the market. It is expected that the future prospect of the market would be dominated by additives that reduce volatile organic compounds and alkylphenol ethoxylates content in the formulation.
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Germany is the largest consumer of the acrylic resin coating additives in this region, and was the market was valued at $61.7 million in 2013. It is expected to grow at a CAGR of 1.8% from 2013 to 2018. The construction segment is the biggest end user industry for the European market with a share of 33.3% of the total applications market of the region. The market is expected to grow in the future, due to adoption of new technologies and more features being adopted around the sectors.
The focus of the consumers is now shifting towards a cleaner and greener formulation of coating and decorative needs. This has created a need, not only for water-borne formulation, but also for systems with solvent content decreasing from 75.0% to 25.0% or less. Hence, the manufacturers are developing coating additives which reduce the requirement of solvent or any VOC in the formulation.
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The North America Acrylic Resin Coating Additive Market was valued at $0.3 billion in 2013, with a share of 26.7% globally. Projected to grow at a CAGR of 6.2% by 2018, the market is led by BASF SE and Dow chemical. It is segmented on the basis of applications, and country in the region.
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