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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