“According to the research report published by Polaris Market Research, the Global Coating Additives Market Size Is Anticipated To Reach $11.91 Billion By 2026, at a CAGR of 4.8% during the forecast period.”
Coating Additives Market Outlook:
The worldwide Coating Additives Market is supposed to observe hearty development because of a change in center from dissolvable based additives to fluid additives. Developing interest from different application markets, for example, car, development, furniture, and other modern applications, is supposed to drive the coating additives request over the course of the following six years. Developing significance for multifunctional additives is supposed to additional supplement market development. The worldwide market is portrayed by a serious level of contest by market members and developing ecological guidelines. Coating additives are being increasingly used in painting of surfaces that are prone to external problems such as abrasion, high temperature, toxicity, decaying and biocides. Over the years, there has been a tremendous growth in the building and construction sectors, which has concurrently boosted the global sales of coating additives.
Regional Insights:
Asia-Pacific held the largest share of the coating additives market. The Asia-Pacific coating additives market is forecast to grow at the highest CAGR both in terms of volume and value. Due to the stable economy, rising disposable income, and improving quality of life in places such as China, Japan, Singapore, Malaysia, and Vietnam. A major reason for this growth is the increased capability to spend on infrastructure. The Asia Pacific market for coating additives is also growing due to the increasing production of coating additives in countries such as China and India.
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COVID-19 Impact:
The COVID-19 pandemic in 2020 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Aquaponics Market also experienced a slowdown.
Top Global Market Players:
- Solvay
- DSM
- Lord Corporation
- Jotun A/S
- Eastman Chemical Company
- Clariant AG
- Cabot Corporation
- Dynea as (Norway)
- Rhodia SA
- Double Bond Chemical Ind.
- Co. Ltd.
- ICL Advanced Additives
- Kenrich Petrochemicals Inc.
- Berger Paints
- Beckers Group
- Arkema SA
- Sherwin-Williams Company
- AkzoNobel
- Valspar Corporation
- KCC Paint
- Bayer AG
- Nippon Paint
- Kansai Paint
- PPG Industries
- BASF and Axalta Coating Systems
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Coating Additives Industry Competitive Analysis:
Coating Additives Market report examines the competitive scenarios by analyzing key players in the market. The company profiling of leading market players has included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players in the market.
Market segmentation:
Coatings Additives market is split by Type and by Application. For the period 2017-2026, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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Key Questions Answered in the Market Report:
- How is the patent landscape for pharmaceutical quality?
- What are the key strategies adopted by companies in the impact market?
- What are the key opportunities areas in the impact market?
- Which application is expected to hold the highest growth potential during the forecast period 2017-2026
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