24th July 2019 – Paint
additives market is expected to witness 6% CAGR in the forecast period.
Global Paint Additives market report offers the latest industry trends,
technological alteration and forecast data. A deep-dive view of Paint Additives
industry based on its size, growth, development plans, and opportunities is
offered by this report. The forecast information, SWOT analysis, Paint
Additives barriers, and feasibility study are the vital aspects evaluated in
this report.
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.
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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. Paint additives are categorized into various materials such as
insulating paint additives, powder varnish additives, reagents, moistening
agents, levelers, clarifier, coupling addictive, de-flocculants, thinning
agents, viscous agents, and anticaking additives. Paint additives and varnishes
occur in various forms as well.
The wide range of paint addictive and
coating additives such as insulating paint additives and powder coating
additives utilizes premium quality base materials in their production. The main
objective for using paint addictive is to accomplish properties such as water
resistance, erosion resistance, and endurance against heat and abrasion.
Currently available paint addictive and coating addictive in the market are mostly
safe and environment-friendly. With recent development for the production of
paint addictive and coating additives has led to extremely reasonable prices.
Paint additives consists of an extremely
vital type of raw materials that utilized for the production of paints and
coating materials, also in various application that are narrowly associated
with coating materials. The essential factors associated with paint addictive
are quality and coating application properties that are dependent on the type
of raw material used. Also, selection of the correct additives that is to be
added with the paints and coating is significantly vital.
Selection particular addictive for paint
and coating material majorly influence on the characteristics of the paint and
coating materials. Additives causes change in functionality of added materials
such as binder, pigment extender, and solvent. Quantity of additives varies as
per requirement, typically ranges from five to ten percent by weight. Though,
standard proportion of a one additive in a coating formulation is commonly
around one and half percent to the overall quantity of the paint material.
The paint additives market is divided
into regional market segment such as North America, Europe, Asia-Pacific, Latin
America and Africa. Asia-Pacific region is predicted to hold major market share
in the paint additives market with massive growth in forecast period. Countries
such as Japan, Malaysia, China and India are leading the Asia-Pacific market
with the growing need for infrastructural facilities and increasing investment
by market players due to potential growth opportunities. North America and
Europe region have shown major growth in recent years owing to the rise in
commercial as well as residential construction and rising living standards. The
key players in the paint additives industry are AkzoNobel Co., Arkema S.A.,
BASF Enterprises, Evonik Industries, Ashland Global Holdings Incorporations,
and Buckman Laboratories Incorporations.
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