Coating Additives Market Growth and Segments,2014-2020 FMI | Page 4

Report
Description
Report Description
In terms of formulation used, waterborne systems had the highest consumption in the
past few years and are likely to grow in the upcoming years. Waterborne formulations
have lower VOCs than others types and are preferred in developed countries where there
are stringent environmental regulations. However, more additives are required in case of
waterborne in order to achieve higher performance. Asia Pacific was the leading region
for the demand of coating additives out of which solvent borne systems had the largest
share in the region. The demand in Asia Pacific is due to the increasing construction
industry coupled with growing manufacturing activities. North America had the secondlargest market share in global coating additives market. European countries had lower
share due to the presence of stringent environmental regulations associated with paints
& coatings industry, thereby resulting in declining performance in the market.
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Some of the key players present in the coating additives market are Akzo Nobel N.V.,
Ashland Inc., Evonik Industries AG, Momentive Specialty Chemical Inc., The Dow
Chemical Company, BASF SE an