Los Angeles, CA -- (SBWire) -- 07/30/2019 --QY Research has published a new report titled, "Japan Paint & Coating Additive Market Insights, Forecast to 2025," that predicts the future market scenario of the Japan paint and coating additives market. This research report includes competitive landscape, market drivers, trends, restraints, and opportunities. The main objective of the report is to define the segments and evaluate the market size based on the application and product type.
According to this report, the Japan paint and coatings additives market will reach US$411.84 mn by 2025. It is expected to register CAGR of 1% during the forecast period of 2019-2025.
Japan Paint & Coating Additive Market: Drivers and Restraints
The paint and coating additives market will witness robust growth due to shifting focus from solvent-based additives to aqueous additives. Increasing demand from various end-users industries such as furniture, automotive, and construction is likely to propel the growth of the market in the coming years. Growing use of coating additives in the automotive sector due to their exceptional performance in maintaining vehicles exterior paintwork for longer duration is one of the key drivers that is boosting the market growth.
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In addition, coating and paint additives are mostly scrutinized by the regulatory bodies and environmentalists because of the rising concerns over harmful volatile organic compounds (VOC) effects. Manufacturers are focusing toward development of eco-friendly, water-borne and bio-based coating additive products, which is further accelerating market growth. Moreover, growing research and development activities will propel the growth of the market over the forecast period.
However, fluctuation in the prices of raw material is creating a negative impact on the growth of the market.
The following companies are covered in this report, with sales, revenue, market share for each company:
BYK
Evonik Industries
Shin-Etsu Silicone
SAN NOPCO
BASF
Elementis
Michelman Japan LLC
DOW
Clariant
Kyoeisha Chemical
Kusumoto Chemicals
Allnex
Arkema Group
Air Products & Chemicals
Paint & Coating Additives market size by type:
Dispersing Agent
Rheology Control Agent
Leveling Agent
Anti-Foam Agent
Adhesion Promoting Agent
Others
Paint & Coating Additives market size by Applications:
Automotive Coating
Architectural Coating
Wood Coating
Industrial
Others
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Japan Paint & Coating Additive Market to Register a CAGR of 1% by 2025 with Rise in Infrastructure and Construction Activities