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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.

Thursday, July 18, 2019

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Wednesday, July 17, 2019

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Rep International names Jim Wirtz president - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Tuesday, July 16, 2019

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Monday, July 15, 2019

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Goodyear sends silica science package to the International Space Station - click to expand

Friday, July 12, 2019

Nokian Tyres produces first test tire at its factory in Dayton, TN - click to expand

Global silicone solutions for leather and textiles market to expand to $760 million by 2025 - click to expand

ZC Rubber America hires Chan Phothisane as OTR national sales director - click to expand

Arlanxeo announces strategic collaboration with Dhahran Techno Valley - click to expand

Book of the Day - Rubber Extrusion Technology Short Course Notes - click to expand

Thursday, July 11, 2019

R.E. Carroll Inc. launches brand promise to the rubber industry - click to expand

HAGL Agrico set to sell rubber firm to Thadi - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Vystar contracts rubber expert Ranjit Matthan for deproteinized dry rubber and latex research and development - click to expand

Ashland amends agreement with Ineos for its composites business and butanediol facility in Marl, Germany - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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