Paint Additives Market Revenue, Growth Rate, Segment by Type
Forecast 2025
“Paint Additives Market is expected to reach USD 10.9 billion by 2025. Growing
use of paints and coatings in the construction and the automotive sectors due
to highly preferred solvent properties are major growth factors.The
increasing use of paints and coating is expected to influence demand for paint
additives in the forecast period.”
The global Paint Additives Market is expected to reach USD 10.9 billion by 2025. Growing use of paints and
coatings in the construction and the automotive sectors due to highly preferred solvent properties are major
growth factors. Other factors such as increase in the expenditure on construction activities and rise in the
adoption of paints and coatings in automotive sector, are fueling growth of the paint additives market, mainly
in developing economies across the globe. The increasing use of paints and coating is expected to influence
demand for paint additives in the forecast period. Paint additives market is expected to witness 6% CAGR in the
forecast period.
The stringent laws and regulation against harmful effects of paints and coating on environment are compelling
market players to adopt environment-friendly paints and coatings additives that complies with the regional and
international regulations. This has led market players to significantly invest in research and development for
paint addictive market. With the development of low cost solutions to avoid the use of volatile organic
compounds is contributing to the market expansion in upcoming years. Number of international and local
governing agencies are regulating the use of paints and addictive such as European union (EU), and national
institute for occupational safety and health (NIOSH). These regulations allow industries to avoid dangers of
adverse chemical and physical effects along with the use of raw materials and storage equipment. Paint and
coating additives consists of a variety of elements that are added into polymer resins, dyes, varnishes and other
materials in order to change their specific properties as per the requirements.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/paint-additives-market/request-sample