How Rising Tourism Boost Growth of the GCC Paint Additives Market?

According to MarkNtel Advisors’ research report, “GCC Paint Additives Market Analysis, 2021,” the market is likely to witness around 3.5% CAGR during the forecast period, i.e., 2021-26. It primarily attributes to soaring ongoing & upcoming construction projects, increasing the demand for paint & coatings. Additionally, rising environmental concerns and increasing investments to improve R&D activities also provide lucrative opportunities to market players to develop eco-friendly paint additives, thereby augmenting the overall market growth.

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Key Questions Answered in the Study
1. What are the current and future trends in the GCC Paint Additives market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Paint Additives market?
5. What are the customer orientation, purchase behavior, and expectations from the GCC Paint Additives market service providers across various regions?

GCC Paint Additives Market to Witness Gradual Shift of Consumers from Solvent-Based to Water-Based Formulations

Based on Formulations, the market bifurcates into Water, Solvent, and Powder-Based Additives. Of these segments, the Solvent-Based additives witnessed substantial growth in the previous few years. These additives are beneficial in the formation of a durable & regular film of paint. They also help reduce drying time by speeding up all reactions. However, solvent-based additives are environmentally unfriendly as they emit a large amount of hazardous volatile organic compounds (VOCs) into the atmosphere. Hence, a gradual shift of consumers from them to water-based additives is likely to be witnessed during the forecast period.

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“GCC Paint Additives Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Paint Additives providers across various countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Wetting & Dispersing Agents Exhibit Considerable Growth in the GCC Paint Additives Market
Based on Product, the market segments into Rheology Modifiers, Biocides, Anti-Foamers, and Wetting & Dispersing Agents. Here, Wetting & Dispersing Agents are more likely to grow considerably during the forecast period. They help stabilize paints & minimize the surface tension of the coating so that it wets upon the surface well. Hence, these factors lead to a surge in the usage of Wetting & Dispersing Agents in paints, thereby likely to fuel the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “GCC Paint Additives Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the GCC Paint Additives Market are Akzo Nobel., Arkema SA, Asahi Glass Co. Ltd., Ashland Inc., BASF SE, Cabot Corp., Daikin Industries Ltd., Dynaa A.S, Dow, Evonik Industries AG.

Market Segmentation:
1. By Formulation (Water, Solvent, Powder Based, Others)
2. By End-User (Automobiles & Transportation, Industrial, Furniture & Woods, Building & Construction)
3. By Product (Rheology Modifiers, Biocides, Anti-Foamers, Wetting & dispersing agents, Others)
4. By Country (UAE, GCC, Bahrain, Oman, Qatar, Kuwait)
5. By Competitors (Akzo Nobel., Arkema SA, Asahi Glass Co. Ltd., Ashland Inc., BASF SE, Cabot Corp., Daikin Industries Ltd., Dynaa A.S, Dow, Evonik Industries AG)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.