Albany, NY -- (SBWIRE) -- 04/20/2019 -- The market intelligence study titled "Coating Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" delves into the prospect of growth of the world market for coating additives. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2017 to 2025. The said report also includes various non-pervasive and pervasive inclinations have also been mentioned in the said report. A thorough overview of the market with the analysis of Porter's five forces has been offered so to present a clear and concise vendor landscape of the market to the reader. The study also points at acquisitions, corroborations, important conglomerates, mergers and numerous research and development activities. The companies that have been profiled in the report come with thorough examination based on their marketing strategies, prime products and market shares.
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In an effort to enhance quality and performance of paints, special solutions are added to it and those special solutions are called coating additives. Coating additives also better anti-catering, anti-chipping and dispersion of solids, wettability, UV protection to paint coatings, and controls gloss. Though these coating additives are utilized in small quantities, however they influence the properties of application and coating to a great extent. When coating additives are utilized at the right level, in the right amount and at the right time they improve upon the efficiency of the manufacturing process, add to the flow of inks and paints and formulation sustainability, and enhance the durability and appearance of coatings.
Aqueous additives replace solvent-based additives. It is, thereby, bolstering the demand for the coating additives worldwide. Burgeoning demand for coating additives from many different applications like furniture, automotive, construction, and various other industrial applications is estimated to boost the world market for coating additives. Companies are making efforts so as to come up with high-quality and improved additives through raw material sources and new advanced technologies. Increased spending on research and development activities to develop bio-based and superior products so as to meet environmental regulations is forecasted to generate opportunities for various market players over the period of forecast. Manufacturers of coating additives are paying more attention towards the development of bio-based, water-based, eco-friendly coating additives.
This, in turn, is foreseen to generate new market opportunities in the years to come. Fluctuations in the price of various raw materials like silicones, acrylate, and urethane owing to the instability in the prices of petrochemical and bottlenecks in supply-demand is quite likely to constrain the said market. Furthermore, most of the coating additives are constantly been examined by the regulatory bodies and environmentalists following the increasing concerns with regards to harmful volatile organic compounds (VOC) emissions.
In terms of geographical segmentation, the international market for coating additives has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Increased spending on infrastructure, especially in the emerging economies such as Latin America and Asia Pacific, is fuelling the world construction industry. This, as such, is boosting the world market for coating additives. Increased production capacity in countries like China is further foreseen to facilitate the Asia Pacific market of coating additives over the forecast time period. Owing to economic crisis and slowdown in Europe and North America regions, the prominent end-use industries had experienced slow growth in the recent past. The coating additives market in the said region is further anticipated to experience fair growth in the forthcoming years.
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Some of the market players that are operating in the world market for coating additives comprise