Automotive Paint Additives Market - Global Industry Analysis 2018

Paint additives are added to coatings for automobiles so as to improve their performance and quality. This is driving the global automotive paint additives market. A new research report published by Transparency Market Research (TMR) is based on automotive paint additives market. The report is titled, ‘Automotive Paint Additives Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018.’ The report analyses the bargaining power of buyers, degree of competition, bargaining power of suppliers, threat of new entrants, and threat of substitutes.

The report gives key information regarding factors driving the global automotive paint additives market. Similarly, factors threatening the growth of the market are given. This market intelligence report takes into account key segments of the global automotive paint additives market and highlights the leading segment, the segment witnessing the slowest growth, and the segment expanding at the fastest CAGR. The report forecasts the market size in terms of revenue and volume, making use of the past and present market figures.

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Automotive paint additives are used for improving the dispersions of solids, UV protection, wetting, anti-catering, foam reduction, and anti-chipping of coatings. Automotive paint additives help surfaces to deal with abrasion, moisture, high temperature, chemical and biocides resistance. Thus, the demand for automotive paint additives is increasing. The market is primarily driven by the increasing restrictions on the use of solvent-based paints, as they emit volatile organic chemicals (VOC), which in turn has encouraged the use of water-based paints. Water-based paints require a higher quantity of additives so as to be of good quality, thus boosting the growth of the market. Environmental restrictions have also resulted in the development of new additives with self healing properties and zero percent volatile organic chemicals.

One of the key factors challenging the growth of the market is the high price of paints. Companies are required to manufacture innovative products, which are low in cost, high in quality, and are environmentally friendly. In terms of opportunity, the introduction of nanotechnology and smart coating formulations is expected to prove to be beneficial. Additionally, environmental regulations are expected to push the need for innovation in the market.

By geography, the market is segmented into North America, Central America, the Middle East and Africa, Asia Pacific, and South America. Of these, the Asia Pacific automotive paint additives market is likely to witness a robust growth rate. Asia Pacific is anticipated to account for 40% of the market by 2018. The markets in Europe and North America have become mature and are fueled by new technology and innovative product developments.

Key vendors in the market include Kansai Paint Co. Ltd., DuPont Coatings & Color Technologies, Eastman Chemical Company, AkzoNobel Coatings, BASF Coatings, PPG Industries Inc, Nippon Paint Co. Ltd. Sherwin-Williams Co., and Valspar Corp.

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