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Coatings additives market forecast with a CAGR of 3.5 percent through 2027

  12/6/2018 - Rockville, MD - Skyrocketing demand from a multitude of industries, ranging from architecture to automotive, is a key factor fueling coating additives sales. According to the study, a growing focus on quality is driving demand for coating additives in manufacturing processes. These insights are according to a latest Fact.MR study that projects a bullish run for the coating additives market. According to the study, demand for coating additives is likely to reach 1.3 million tons by the end of 2018, up from 1.2 million tons in 2017. As per the report, acrylic based coating additives will remain the top-selling product type. The popularity of acrylic based coating additives can be accredited to their competency in enhancing product properties and optimizing production processes. Urethane and fluoropolymer are the other top-selling additive types. According to the research study, demand for rheology coating additives is likely to reach 449,000 tons in 2018. With the rising demand for low-VOC or VOC-free waterborne coating systems, the rheological additives are witnessing revved up adoption. Dispersant additives trail the former as the second most preferred function type, and offer prime opportunities for the market players to take into consideration. Waterborne coatings remain the highly sought-after formulation, followed by solvent-based coatings and powder coatings. Waterborne coatings are being increasingly sought on the back of their competency to offer great resistance to heat, as well as abrasion. Moreover, architectural coatings maintain their lead as the largest application segment, and the booming number of infrastructure-related projects extrapolates the same. "Robust demand for coatings is poised to be registered from the architectural and industrial applications over the upcoming years. This, in turn, will translate into a significant surge in demand for additives in terms of performance enhancement requirements," said a senior analyst from Fact.MR. The thriving commercial and residential construction activities in Asia-Pacific have been spurring the sales of coating additives, making it the most remunerative region for the market stakeholders from an investment-making standpoint. The flourishing automotive sector in the region is also triggering the clamor for high-performance coating additives, finds the Fact.MR study. The report also indicates that innovative products such as multifunctional additives, silicone-based additives and green coating additives are expected to witness a spike in demand, giving a major boost to the overall growth of the coating additives market. According to the research study, product developments and technological innovations remain the key facets boosting the bottom lines of companies operating in the market space. Moreover, moderate pricing and diverse product portfolios are anticipated to be the major factors driving the industry over the foreseeable future. According to the Fact.MR study, the coating additives market remains a consolidated landscape and portrays the reign of leading players with strong product portfolios. The tier 1 players in the coating additives market have been identified to hold approximately 45-50 percent revenue share and remain highly focused on go-to-market strategies aimed for reaching out to the customer segments in a much more efficient manner. Tier 2 players are focused on the development of unique and exclusive products and commercialization of the same at competitive price points to gain substantial revenue benefits. The market players falling into the tier 3 category are shifting their focus toward strategic alliances and partnerships with leading industry giants for affluent expansion. In addition to that, long-term contracts with the domestic manufacturers or suppliers have also been identified to be a key differential move to tackle volatile pricing, as well as uninterrupted supply. The Fact.MR report offers top-to-bottom research on the growth potential of the coating additives market over the forecast period of 2018 to 2027. As per the report, the coating additives market is poised to expand at a volume CAGR of more than 3.5 percent over the forecast period.

Tuesday, March 26, 2019

Satisfaction with original equipment tires helps automakers keep owners loyal, J.D. Power finds - click to expand

Global automotive tire market forecast to grow with a CAGR of 6.3 percent through 2027 - click to expand

Synthetic latex polymers market projected to grow at a CAGR of 5.41 percent through 2024 - click to expand

Lubrizol adds capacity to its TPU manufacturing line in Shanghai - click to expand

Birla Carbon completes 25 years of operation in Hungary - click to expand

Monday, March 25, 2019

Birla Carbon to increase base prices for all carbon black markets in North America - click to expand

GM to invest $300 million, add 400 jobs at Michigan plant for new Chevrolet electric vehicle - click to expand

Rubber Division, ACS now offering all training courses remotely - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Davis-Standard¹s global converting platform featured at ICE USA - click to expand

Friday, March 22, 2019

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

ARPM announces Innovation Symposium on April 18 - click to expand

YourMechanic adds Goodyear.com for tire sales and installation services - click to expand

TA Instruments introduces new Rheo-Raman accessory for the Discovery hybrid rheometer - click to expand

Adhesive tapes market projected to reach $69 billion by 2022 - click to expand

Thursday, March 21, 2019

TA Instruments analyzer tests for mechanical behavior of materials - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

Ace Products & Consulting hires business manager - click to expand

Yokohama Tire's mobile tire specs app for dealers wins iF Design award - click to expand

Plastics & Rubber Technology Conference calls for abstracts - click to expand

Wednesday, March 20, 2019

Safic-Alcan acquires Langley-Smith & Company - click to expand

Firestone Liberia to shed 800 jobs by April 2019 - click to expand

Michelin launches Agilis CrossClimate tire for small business owners and commercial fleets - click to expand

U.S. market for low rolling resistance tires forecast with a CAGR of 10.8 percent through 2028 - click to expand

Southeast Asia tire market projected to grow at a CAGR of over 7.5 percent through 2024 - click to expand

Tuesday, March 19, 2019

Hankook Tire adds Nissan Altima to growing original equipment portfolio - click to expand

Cooper launches new long haul steer tire as part of its PRO Series commercial line - click to expand

Kraton to build Cariflex semi works latex unit in Brazil - click to expand

Mitsui Chemicals pursues applications for temperature-sensitive elastomer - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Market Reports

Global automotive tire market forecast to grow with a CAGR of 6.3% through 2027 - click to expand

Global nitrile gloves market is expected to reach $3.30 billion by 2026 - click to expand

The synthetic latex polymers market is projected to grow at a CAGR of 5.41% through 2024 - click to expand

Global market for stabilizers forecast to reach $5.5 billion by 2025 - click to expand

Adhesive tapes market projected to reach $69 Billion by 2022 - click to expand

Global thermoplastic elastomers market size is forecast at $27.8 billion by 2026 - click to expand

The U.S. market for low rolling resistance tires forecast with a CAGR of 10.8% through 2028 - click to expand

South East Asia tire market is projected to grow at a CAGR of over 7.5% through 2024 - click to expand

Global silane and silicone market was estimated at $14.4 billion in 2017 and is expected to hit $22.03 billion in 2025 - click to expand

Nitrile butadiene rubber latex market forecast at $2.4 billion by 2025 - click to expand

Global mold release market forecast with a CAGR of 5.7% through 2023 - click to expand

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