Global Coating Additives Market Growing due to Expansion of Construction Industry : PMR Report
Industry: Market Research
Coating Additives Market: Global Industry Analysis and Forecast to 2015 to 2021
New York (PRUnderground) October 13th, 2015
Persistence Market Research has recently published a report titled “Coating Additives Market: Global Industry Analysis and Forecast to 2015 to 2021”. The report presents a comprehensive overview of the global coating additives market and is available on the company website for sale. Coating additives are often added to paints and coatings to enhance their performance, texture, and quality. Additives also improve the dispersion of solids and help in foam reduction, wetting, gloss control, anti-catering, UV protection, and anti-chipping. Hence, they make paints and coatings last longer.
Coating additives make the surface more durable by enabling it to withstand high temperatures, moisture, abrasion, and bioactive agents. They also offer the surface chemical resistance. The unfathomable infrastructure boom witnessed in the past decade has particularly benefitted the building and construction industry worldwide, which has presented the coating additives market impressive growth opportunities. Around the world, the construction of residential and commercial buildings has rapidly increased. This subsequently increases the use of additives in paints and coatings applied to the surface of these buildings and other constructions.
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Robust growth of construction activities in the emerging economies in the Asia Pacific and RoW regions will also help the additives market grow significantly. The increasing use of coating additives in the automotive industry is another factor due to which the coating additives market will witness impressive demand.
The report forecasts Asia Pacific coating additives market to exhibit the fastest growth during the forecast period. North America occupies the second largest share in the global coating additives market. Europe, however, holds a marginal share in the market owing to the stringent environment regulations in the region keeping track of the paints and coatings industry.
The report comprises several such exhaustive details to provide a holistic overview of the market. It also studies the market’s competitive landscape for an in-depth research.
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