The global coating additives market is forecast to reach a value of USD 9.19 billion by 2021.
Acrylic coating additives will lead the demand among different coating additives types. The major types of acrylate-based additives include polyacrylates, vinyl acrylates, acrylamide, and others. The demand is expected to grow due to increasing use of acrylics in decorative paints in commercial & residential buildings. Fluoropolymers being very expensive will generate less demand.
Asia-Pacific is projected to be the largest and the fastest-growing coating additives market, globally. This is mainly attributed to high economic growth rate, followed by heavy investment in the end-use industries such as automotive, infrastructure, and others. The European and North American markets are already technology driven and provide less scope for high growth.
Asia-Pacificregion is expected to dominate the demand for automobile manufacturers due to continuous rise in vehicle sales. Foreign companies are investing and bringing the latest technology to Asia-Pacific due to large scope for growth and presence of various untapped markets in this region.
Breakdown of profile of primary interviews for the report:
By Company Type - Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
By Designation - C Level - 21%, Director Level - 23%, and Others - 56%
By Region - North America - 37%, Europe - 23%, Asia-Pacific - 26%, and RoW - 14%