Rheology Modification Coating Additives Market is Estimated to be Worth $2.5 Billion by 2019, at a CAGR of 6.1% From 2014 to 2019
Jun 10, 2015, 12:30 ET
FORT WORTH, Texas, June 10, 2015 /PRNewswire/ --
Rheology Modification Coating Additives Market was valued at $1.8 billion in 2014 and is estimated to reach $2.5 billion by 2019, at a CAGR of 6.1% from 2014 to 2019. The high demand from industries, such as construction, industrial applications, bedding & furniture, and automotive paints is expected to lead to an increased consumption of these additives, globally.
Browse through the TOC of the Rheology Modification Coating Additives Market report to get an idea of the in-depth analysis provided. This report also provides a glimpse of the market segmentation and is supported by various tables and figures.
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These rheology modification coating additives are specially engineered and developed materials. They contribute towards the improvement of factors that affect the performance of these coatings, such as wetting & dispersing, protection from microbes, foaming, slip & rub, and so on. These additives are extensively used owing to their ability to visually and chemically improve performance. Asia-Pacific is expected to dominate this market, due to the growing demand from the end-user industries. The North America and Asia-Pacific rheology modification coating additives markets are expected to witness significant growth in the coming years, with the allied industries expected to stabilize the overall business needs.
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Expansions and new product launches are the major strategies adopted by the key players of this market. The manufacturing companies, associations, and end-product manufacturers have made high investments for advancements of rheology modification coating additives to meet the rising demand from various end-user industries. The demand for the rheology modification coating additives is at its peak in the Asia-Pacific region. With the presence of the world's two fast-growing economies, which are China and India, supported by the economies of Thailand, South Korea, and Malaysia, the demand of these additives in the overall market is expected to be driven by the economic developments in these countries.
The key players in the global rheology modification coating additives market are BASF SE (Germany), Arkema (France), the Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), and Akzo Nobel (Netherlands).
The growing rheology modification coating additives demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The North America rheology modification coating additives market was valued at $718.81 million in 2013, which is expected to grow at a CAGR of 6.1% annually, to reach $964.74 million by 2018. It constituted about 28.6% of the global rheology modification coating additives market and is projected to grow its market share to nearly 28.8% by 2018.
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