Global Paint Additives Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Paint Additives market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Paint Additives Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Paint Additives Market forecast.
The Paint Additives Market report discusses the primary industry growth
drivers and challenges that the vendors and the market as a whole face and
provides an overview of the key trends emerging in the market. It also talks
about the market size of different segments and their growth aspects along with
key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and
Africa regions.
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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.
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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