Coating Additives Market is expected to reach USD 9.19 billion by 2021, registering a CAGR of 6.1% between 2016 and 2021. The growth of coating additives market is driven by demand from growing the construction and automotive industries. The liberal trade policies in emerging economies such as India, China, and South Korea are attracting many foreign investments for different sectors in the Asia-Pacific region. This will catalyze the demand for coating additives across various industrial verticals.
Complete report on Coating Additives Market spread across 173 pages, 30 profiling companies and supported with 162 tables and 57 figures is now available at http://www.marketreportshub.com/coating-additives-industry-research-marketsandmarkets.html .
Acrylic coating additives will lead the demand among different coating additives types. The major types of acrylate-based additives include polyacrylates, vinyl acrylates, acrylamide, and others. The demand is expected to grow due to increasing use of acrylics in decorative paints in commercial &residential buildings. Fluoropolymers being very expensive will generate less demand.
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Asia-Pacific is projected to be the largest and the fastest-growing coating additives market, globally. This is mainly attributed to high economic growth rate, followed by heavy investment in the end-use industries such as automotive, infrastructure, and others. The European and North American markets are already technology driven and provide less scope for high growth. Asia-Pacific region is expected to dominate the demand for automobile manufacturers due to continuous rise in vehicle sales. Foreign companies are investing and bringing the latest technology to Asia-Pacific due to large scope for growth and presence of various untapped markets in this region.
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In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given here Tier 1 (30%); Tier 2 (43%) and Tier 3 (27%) companies were contacted for interviews. The interviews were conducted with various key people such as C-Level (21%) and Director Level (23%) and other (56%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (23%), Asia Pacific (26%) and RoW (14%).
Some of the key companies profiled in this report are AkzoNobel N.V. (Netherlands), BYK-Chemie GmbH (Germany), Arkema SA (France), Evonik Industries AG (Germany),BASF SE (Germany), The DOW Chemical Company (U.S.),and Ashland Inc. (U.S.).
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Coating Pretreatment Market by Type (Phosphate, Chromate, Chromate-Free, and Blast Clean), Metal Substrate (Steel and Aluminum), Application (Automotive & Transportation, Appliances, and Building & Construction), by Region (Asia-Pacific, Europe, North America, Middle East & Africa, and South America) — Global Forecasts to 2021. Now available at http://www.marketreportshub.com/coating-pretreatment-industry-research-marketsandmarkets.html .
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