Summary
APAC Coating Additives Market-Segmented by Product Type , End-User Industry and Countries-Trends and Forecasts ( 2017-2022 )
The APAC coating additives market was valued at USD XX billion in 2016 and is projected to reach USD XX billion by 2021 , at a CAGR of XX % during the forecast period from 2016 to 2021 . China dominated the APAC coating additives market demand in 2016 . Asia-Pacific is expected to remain the largest market in the near future , owing to increasing demand from key countries such as China and India .
The role of a coating additive starts right from the formulation of the coating . It plays a very important role in the entire value chain of the coating . The value chain of coating additives market involves a group of interdependent activities performed by various industries , consisting of raw material suppliers , coating additive manufacturers , formulators , and end-user applications , with logistics and supply chain management linking all of them into one group . The feedstock suppliers are the companies which supply raw materials such as urethanes , fluoropolymers , acrylates , or silicones .
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The global coating additives market is witnessing a growth on the account of increasing applications and rapidly growing demand in the Asia-Pacific region . They are widely being used in coating application in the construction , automobiles , and wood & furniture industries . The typical uses of these additives are to improve wettability , dispersing of solids , foam reduction , gloss control , anti-catering , anti-chipping , flow control , and UV protection , etc . of the coating material . The specific application of coatings may require the protection of coated substrate from chemicals , high temperature , abrasion , impact , moisture , biocides , etc . during the service life of the material .
The main drivers for the growth of coating additives market are the growing building & construction and automotive industries . There is a huge demand for coating additives from building & construction industry due to increasing demand for better and superior quality surfaces . Residential and commercial buildings are the leading end-users for coating additives and are likely to gain higher market share in the near future owing to increased construction activities .
Place a Purchase Order for this Report at : http :// www . orbisresearch . com / contact / purchase / 217919 . Market Dynamics of the APAC Coating Additives Market : Drivers :
The rapid economic growth , as well as a rise in population in most of the emerging countries in the recent years , resulted in rampant architectural constructions and industrial activities , which created significant demand for paints and additives that , in turn , increased the demand for paint additives . As the paint and coatings industry continues to fall under pressure from environmental regulations , manufacturers of coatings and paints are endlessly reformulating their products . As a result , the
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