The South American Solvent Borne Coating and Additives Market is Projected to Reach $414 Million by 2018
FORT WORTH, Texas, December 19, 2014 /PRNewswire/ --
The South American solvent borne coating additives market is estimated to grow up to 96 KT by the year 2018 at a CAGR of 5.5% due to the growing end-user industries such as the construction and automotive sectors.
Browse through the TOC of South American solvent borne coating additives market report for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The South American solvent borne coating and additives market was valued at $317 million in 2013, which is projected to reach $414 million by 2018. Solvent borne coating additives are being used in paints and coating that are required by large numbers of industries including automotive, building and construction, industrial application, and many others. The South American region currently holds a share of 8.02% of the global solvent borne coating additives market, which will reach 8.20% by the end of 2018.
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These additives are the key additives that increase wetting, prevent catering, and increase surface slip. These materials are witnessing growth in its market demand. This growth is driven by the construction and industrial activity, which will increase the demand for the solvent borne coating additives market. The South American solvent borne coating additives market has been segmented on the basis of region and application. Construction contributes to a majority of the share, which is further followed by the industrial application.
In 2013, construction accounted for 34% of the total volume of the South American coating additives market, which is expected to decline later due to the increasing demand from bedding and furniture. Automotive paint leads the market in terms of growth rate with a CAGR of 6.0% from 2013 to 2018.
In South America, Brazil had a majority of the market share in terms of value and volume. Brazil solvent borne paint and coating market was valued at $186 million in 2013, which is expected to grow at a CAGR of 5.2%, to reach $239 million by 2018.
The South American solvent borne coating and additives market covers applications such as construction, bedding & furniture, industrial applications, automotive paints, and other applications. The major countries that contribute to this region are Brazil and Argentina.
Related Reports:
Europe Solvent Borne Coating Additives Market was valued at $0.5 billion in 2013 growing at 2.5% annually and is projected to reach $0.6 billion by the end of 2018. The United Kingdom (U.K.) recorded the highest revenue in 2013 with $56.0 million in European Solvent Borne Coating Additives market and it is estimated to reach $64.7 million by 2018 with a CAGR of 2.9% for the period under consideration followed by Italy.
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