Coating Additives Market to gain from the usage in Healthcare and Furniture Applications Market Overview: The Coating Additives Market is expected to soar from USD 7.65 Billion in 2018 to reach USD 10.33 Billion by 2023, expanding at the CAGR of about 6.2%. Rising demand for automobiles in developing regions such as the Asia-Pacific and increased spending on infrastructure and housing development tends to increase the market for coating additives. Transportation was the most extensive application for coated fabrics due to their increasing use in airbags. The upturn in automotive production, especially in emerging markets of India, China and Brazil, is expected to be a key factor for market development over the next six years. Market Drivers and Restraints: The continued rapid growth of urbanization and infrastructure construction is the main factor in the coating additives market. Technological advances in the reformulation of additives are creating a growing demand for the product. Growing strict regulations and sustainability for the environment lead to market growth. The increased demand for high-quality surfaces is increasing the demand for these additives in areas such as automotive, architecture, etc. The increase in R&D to develop superior and bio-based products complies with environmental regulations and offers opportunities to market participants in the next period. Companies involved in the development of higher-value additives through new technologies and raw material sources are driving market growth. Growing automobile production, with the growing demand for vehicles in emerging markets, should boost demand for coating additives in the next period. Demand is further expected to be driven by the increasing use of urethane-based additives in construction, industrial and automotive applications. The increase in raw material prices for coating deformer additives and supply-side supply bottlenecks is the primary constraint for the market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/coating-additives-market Report segmented as By Function: Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming By Type: Water, Solvent, Power Based By Application: Automotive, Architecture, Industrial Geographical Analysis: Asia Pacific held the highest share of the global coating additives market, with revenue exceeding USD 7,600 million in 2013. It is further expected to expand due to the surging population, increasing automotive demand and rising infrastructure spending. Besides, Asia Pacific is also expected to witness the fastest growth, at an estimated CAGR of 5.1% from 2014 to 2020. North America and Europe are also anticipated to witness constant growth at an estimated CAGR of 3.5% and 3.2% from 2014 to 2020, respectively. Important Market Players: BYK-Chemie GmbH, BASF SE, Arkema SA, AkzoNobel N.V., and Evonik Industries are the major competitors for the coating additives market. BYK-Chemie GmbH manufactures and supplies additives and measuring instruments. It offers liquid rheology additives, former rockwood additives, wetting and dispersing, wax additives, printing inks, adhesives and sealants, paper coatings and floor polishes. View a sample and decide @ https://www.marketdataforecast.com/market-reports/coatingadditives-market#request_sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: [email protected] Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/
In the report, the Coating Additives Market has been studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South
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