FORT WORTH, Texas, December 11, 2014 /PRNewswire/ --
The acrylic resin coating additives market is projected to witness substantial growth in Asia-Pacific in the near future. The demand for these additives is expected to be driven by the economic developments in the emerging economies, such as China and India, supported by the economies of Thailand, South Korea, and Malaysia. Though this demand was affected by the economic recession of 2008-2009, the stable growth in these countries in the recent years is anticipated to aid the growth of the acrylic resin coating additives market.
Browse through the TOC of the Asia-Pacific Acrylic Resin Coating Additives Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Currently, the focus of the manufacturers in the additives industry is not simply towards the development of additives that provide enhanced performance. However, they are now proactively working with both customers and suppliers to develop additives that comply with regional as well as global environmental standards. Acrylic resin coating additives are one such step towards achieving those global standards along with improved quality and performance.
Asia-Pacific Acrylic Resin Coating Additives market is expected to grow, due to the continuous industrialization and infrastructure development in the emerging economies
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The major countries covered in this report are China, Japan, India, and South Korea. The various applications studied in the report are bedding & furniture, industrial applications, construction, automotive paints, and other applications. The detailed profiles of the companies in the Asia-Pacific acrylic resin coating additives market are discussed in the report.
Construction is the largest application segment in the acrylic resin coating additives market in Asia-Pacific, with a share of almost 34.0% in the year 2013. China contributed the largest share to this market in 2013, and is estimated to reach $501.6 million by 2018, at a CAGR of 8.5%. It is followed by the market in Japan, which is projected to reach $169.5 million in 2018. Globally, the demand of these coating additives in China is expected to exceed the demand in the U.S., during the forecast period of 2013 to 2018.
The North America Acrylic Resin Coating Additives Market was valued at $0.3 billion in 2013, with a share of 26.7% globally. Projected to grow at a CAGR of 6.2% by 2018, the market is led by BASF SE and Dow chemical. It is segmented on the basis of applications, and country in the region.
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