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Coating Additives Market is Demanding Worldwide with Key Players | Elementis PLC, The Lubrizol Corporation, Michelman, Inc and More

06-14-2019 07:34 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Coating Additives Market

Coating Additives Market

The environment regulations implemented for coating additives to reduce the VOC content to minimize environmental issues is also expected to have high impact on the coating additives market during the forecast period.

Coating Additives Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $11,020 million by 2022, registering a CAGR of 6.9% during the period 2016 - 2022. Architectural segment is expected to remain the highest revenue-generating segment throughout the forecast period. Asia-Pacific held the leading position in the global coating additives market in 2015, and is expected to maintain its lead throughout the study period.

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Asia-Pacific accounted for the largest share of the world coating additives market in 2015 and is expected to maintain its leading position during the forecast period. This is attributable to increase in automotive and building and construction industry and improvement in economy in Asia-Pacific region.

The companies have adopted product launches, expansions, acquisition, investment, joint venture, and partnership to gain a competitive advantage in this market. The prominent players profiled in this report include AkzoNobel N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GmbH, The DOW Chemical Company, Solvay, Evonik Industries AG, Momentive Performance Materials Inc., and Eastman Chemical Company. Other companies in this market Elementis PLC, The Lubrizol Corporation, Michelman, Inc., Croda International Plc, and Cytec Industries Inc.

The coating additives market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 6.9% during the forecast period. Coating additives are added to paints to improve their quality, and performance such as to improve the dispersion of solids, wetting, foam-reduction, anti-catering, gloss control, anti-chipping, and UV protection, coating additives also help the surfaces to deal with higher temperature, abrasion, moisture, biocides, and chemical resistance.

Such coating additives properties drive the market across the globe. Increase in automotive and building and construction industry is expected to fuel the market during the forecast period.
In 2015, architectural application segment occupied the largest share and is expected to maintain its dominance throughout the forecast period. Rise in commercial and residential construction in Asia-Pacific drives the demand for coating additives for better protection of buildings. Technological advancements in coating additives formulation and processing technique is expected to drive the market during the forecast period. Increase in demand of coating additives from several end user industries also fuels the coating additives market across the globe. For example, solventless coatings are used as premium coating in many end user industries such as automotive, architectural, industrial, and others.

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Key Benefits

• This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global coating additives market, which assists to identify the prevailing opportunities.
• Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
• Competitive intelligence of leading manufacturers and distributors highlights the competitive scenario across the geographies.
• An in-depth analysis of current research and developments within the market is provided with key dynamic factors that interpret the market behavior.
• Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Key market players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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