Paints & Coatings Additives Market 2019 Global Industry Analysis, Market Size & Growth, Business Prospects and Forecast to 2023: 360 Research Reports-The Revert News
This report studies the global Paints & Coatings Additives market, analyzes and researches the Paints & Coatings Additives development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market.
Global “Paints and Coatings Additives Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Paints and Coatings Additives market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Paints and Coatings Additives market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Playersin Paints and Coatings Additives Market Research Report 2019-2023
- Asahi Glass Co. Ltd.
- AkzoNobel N.V.
- Arkema SA
- Ashland Inc.
- BASF SE
- BYK-Chemie GMBH
- Cabot Corp.
- Cytec Industries Inc.
- Daikin Industries Ltd.
- The Dow Chemical Company
- Dynea AS
- Eastman Chemical Company
- Elementis PLC
- Evonik Industries AG
- K-Tech (India) Limited
- Rhodia SA
- The Lubrizol Corporation
- Momentive Specialty Chemicals Inc.
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Overview of Paints and Coatings Additives Market:
Asia-Pacific is expected to remain the largest market in the near future, owing to increasing investment and upcoming infrastructure projects in key countries such as China and India through the forecast period (2019 – 2023).
Growing Demand From Construction Industry in Asia-Pacific
The construction industry in Asia-Pacific is expanding at a very rapid rate primarily in major economies such as China, India, and ASEAN countries. This is majorly due to the increasing urbanization, industrialization, rising population, along with increase in middle-class disposable incomes. Additionally, the entry of major construction players from the European Union into the lucrative markets of countries, such as China, in the recent years, has further fueled the industry expansion. Moreover, growing business potentials in countries such as Indonesia, China, Malaysia, Singapore and South Korea, have made these countries hosts to numerous national and international events. As a result, the demand for hotels, shopping malls, high-rise buildings, arenas and stadiums (both outdoor and indoor), and infrastructure sector including roads, bridges, and dams, has increased, in turn propelling the construction industry in these countries. Consequently, increasing the demand for paints and coatings and their additives in the region.
Rheology Modifiers Dominates the Market
The inclusion of rheology modifiers in paints helps adjust the flowing pattern of paints while improving the paint’s viscosity and application characteristics. For instance, they aid in reducing the dripping and spattering of paint during roller or brush application. In addition, these modifiers also prevent sedimentation of pigments within a formulation during the transportation or storage of paint. All such factors have made rheology modifiers an important additive for the paint and coatings industry. The growing consumption of paints and coatings will augment the market for rheology modifier in the near future.
Saudi Arabia to Witness the Fastest Growth
Saudi Arabia, an oil-rich country, has an emerging economy that slowed down in 2017 over 2016, due to low crude oil prices and the country’s regulatory policy. On a country-by-country basis, Saudi Arabia is by far the largest national market, accounting for nearly half of the total demand for paints and coatings in Middle East. The country has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government has expansive plans for the development of social infrastructure, transportation, and energy and utility construction in the country. The country’s primary growth in construction has been largely powered by the massive investments done by the government and increased inflow of FDI. Few major construction projects are as follows: Junail II, Makkah Grand Mosque Redevelopment, and Jeddah and Riyadh Metro.
The other major end-user industry is automotive. Saudi is focusing on establishing itself as the new automotive hub in the Middle East. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country to develop the domestic auto industry. Furthermore, the country is experiencing a steady growth in new car sales, with the market expecting to reach one million units by 2020, growing at a rate of 6.7% per annum. According to the General Authority for Statistics, the automotive industry is expected to witness a growth rate of around 4%-5% annually over the next decade. Therefore, it is expected to augment the paints and coatings market in the country.
The development of automotive sector has been set as one of the five priorities in the National Industrial Clusters Development Program. All the aforementioned developments are expected to drive the country’s demand for paints and coatings additives market during the forecast period.
Major Key Players: Akzo Nobel N.V., Arkema, and BASF SE.
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Key Highlights from Paints and Coatings Additives Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Paints and Coatings Additives industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Paints and Coatings Additives Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — Paints and Coatings Additives Market report additionally provides distribution, Production, Consumption for the complete industry.
Paints and Coatings Additives MarketTop Regions(regional analysis covers):-
- North America (the USA, Canada, andMexico)
- Europe (Germany, France, UK, Russia, andItaly)
- Asia-Pacific (China, Japan, Korea, India, andSoutheast Asia)
- South America, Middle East, andAfrica
Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Which application is expected to dominate the market?
- Which regions are expected to witness fastest growth during the forecast period?
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (In excel)
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Paints and Coatings Additives Market 2019 Report Brief:-
- The report covers forecast and analysis for the Paints and Coatings Additives market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Paints and Coatings Additives market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Paints and Coatings Additives Market 2019 Research Report at
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