Paints And Coatings Additives Market Size, Status and Global Outlook During 2020 to 2025 Along With Covid-19 Impact Analysis
- Increasing demand for rheology modifiers in various industries is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption in China and India.
The key players of the Paints And Coatings Additives Market are Dow, Solvay, Altana Group (BYK), Ashland, Elementis PLC, and Others.
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Key Market Trends
Architectural Segment to Dominate the Market
- The architectural segment includes additives used in coatings for commercial purposes, such as office buildings, warehouses, retail convenience stores, shopping malls, and residential buildings.
- Some of the majorly used additives for architectural coatings include rheological modifiers, defoamers, dispersants, and wetting agents.
- In general, the additives used for architectural coatings help in enhancing surface properties, stabilizing pigment, enhancing wetting and dispersing properties and defoaming properties, etc.
- The increasing demand for decorative coatings in houses, for greater aesthetics, is estimated to boost the demand for paint and coating additives in architectural coatings at a significant rate in the next few years.
- Thus, the demand for paints and coatings is increasing, in turn having a direct impact on the additives market.
Saudi Arabia to Dominate the Middle East & Africa Region
- Saudi Arabia is aiming for the development of its paints and coatings sector, and is on the way to become the center for paints and coatings supply chain in the Middle Eastern region, leveraging its easy access to key feedstock, production of basic molecules, and access to the regional market.
- Saudi Arabia has a persistent expedition in making some of the tallest, largest, and biggest structures. The paints and coatings industry in the country is expected to register a steady growth in coming years, as the construction industry is poised to witness sturdy growth in the forthcoming years, in turn, augmenting the demand for coating additives.
- According to the Major Building Expo in Riyadh, the Saudi construction industry is poised for tremendous growth over the next five years, with 700 new projects set to be launched in the coming next months and targeted for completion by 2022. The value of Saudi Arabia’s 2018 construction projects has surged to USD 284.3 billion.
- Saudi Build took place amid increased construction activities, especially in the industrial and commercial sectors in the local market, in keeping with the goals of the National Transformation Program 2020 and Saudi Vision 2030.
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Regions covered By Paints And Coatings Additives Market Report 2020 To 2025 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
Effect of the Paints And Coatings Additives market report is
- A comprehensive evaluation of all opportunities and risks in the market.
- Paints And Coatings Additives market current developments and significant occasions.
- A deep study of business techniques for the development of the market-driving players.
- Conclusive study about the improvement plot of the market for approaching years.
- Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
- Favorable impressions inside imperative mechanical and publicize the latest examples striking the market.
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