The global market for coating auxillaries has been witnessing a significant increase due to growth of its application and end user industries. Coating auxillaries are used in various coating applications which are further implemented in industries such as construction and textile.
London, UK -- (SBWIRE) -- 02/16/2015 -- Coating auxillaries are consumed for the purpose of optimizing as well as supporting the application of coatings and release agents to guarantee an smooth production flow. Various products such as wiping fillers and dilutions, primers, cleaners, and mould cleaners belong to this category. These products are ideal for cleaning mould and processing equipment, and exhibit certain industrial advantages such as high release strength of polyurethane (PU) and release agent residues. Coating auxillaries provide an ideal preparation for many coating applications and also enhance the adhesion property of the coatings to the substrate. Manufacturers such as Bomix Chemie GmbH develop dilutions to achieve an effective processing viscosity.
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The global market for coating auxillaries has been witnessing a significant increase due to growth of its application and end user industries. Coating auxillaries are used in various coating applications which are further implemented in industries such as construction and textile. Growing demand from major application market such as textile and home furnishing are anticipated to remain the major growth factors for the market of coating auxillaries. Significant per capita consumption has been witnessed from the textile industry, particularly in emerging economies such as Russia, China, Brazil and India. This factor is expected to result in rising demand for coatings over the forecast period. However, rising environmental concerns regarding the hazards from the consumption of these coatings is expected to result in an unfavorable regulatory landscape which is expected to be a critical challenge for market players, resulting in the slowdown of the coating auxillaries market. In terms of the overall coatings market, polyurethane and silicone based coatings account for the most consumed products where silicone coatings are anticipated to witness the fastest growth over the forecast period primarily due to rising innovation in product development which is leading to growth in packaging and automobile industries where these coatings are significantly consumed for protection and lamination.
Emerging regions such as Asia Pacific accounted for the largest market share in terms of region in the global urethane coating auxillaries market, followed by Europe and North America. Growth of the major end user industries such as textiles and construction, particularly in the emerging economies of India and China are anticipated to boost the demand for coating auxillaries over the forecast period. The market for coating auxillaries in China is expected to rise significantly on account of the country's growing consumer demand for high quality products as well as the continued rapid pace of the construction industry in the country. Majority of the coating auxillaries in China are consumed in construction applications, where commercial and residential construction account for the largest shares.
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Increasing demand for coatings and adhesives on account of the rapidly growing construction industry is expected to boost the demand for coating auxillaries over the next few years. Moreover, increasing number of construction activities, particularly in the BRIC region (Brazil, Russia, India, and China) is anticipated to fuel the demand for coating auxillaries as well. However, rising environmental regulations and concerns regarding the use of coating auxillaries are expected to slow down the growth of the market. On account of these factors, focus of manufacturers towards developing bio-based coatings is expected to provide new opportunities for the growth of the market.