FORT WORTH, Texas, December 15, 2014 /PRNewswire/ --
The Asia-Pacific Metallic Coating Additives market size, in terms of volume, is estimated to reach 84.2 KT by 2018 with a CAGR of 7.0% between 2013 and 2018. In terms of value, the marker size is estimated to reach $653.4 million by 2018 with a CAGR of 7.9%. The market share of Asia-Pacific metallic coating additives market in the global metallic coating additives market is estimated to reach from the current 39.4% to 41.6% by the end of 2018. The growth in this market is attributed to continuous demand from the end-user applications and rapid industrialization and development in the growing economies of the region
Browse through the TOC of Asia-Pacific Metallic 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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The report gives a detailed analysis of all the segments and sub-segments of the market, along with the current and projected market size, both in terms of value and volume. The report also elaborates on all the drivers, restraints, and opportunities in the Asia-Pacific Metallic Coating additives Market.
The drivers for the market are inclination of governments toward green procurement policies, vast availability of renewable and cost effective raw materials, and biodegradability of these additives. In Asia-Pacific, China dominated the Metallic Coating Additives market with nearly 46% of the market share (in terms of value) in 2013. Japan stood second with almost 19 % market share (in terms of value).
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China Metallic Coating Additives market is estimated to reach $310.0 million by 2018, with a CAGR of 8.7% between 2013 and 2018. Construction segment dominates the Asia-Pacific Metallic Coating Additives market with nearly 34% of the market share (in terms of value). This is estimated to further increase at a CAGR of 8.0% and reach $216.5 million by 2018.
Metallic coating additives are specially engineered and developed materials that are useful for various applications and industries. The market for metallic coating additives is witnessing growth due to the characteristics, such as color, luster, oxide resistance, and anti-corrosion properties imparted by these additives on the products they are applied on. This growth is further driven by the increasing demand from end-user markets where coating additives are used extensively owing to their ability to improve the performance of the coatings.
The European Metallic Coating Additives Market was valued at $166 million in 2013, with a share of 20.7% in the global market, and is expected to reach $197 million at CAGR of 3.4%. The Europe market can be segmented by applications, companies, and functions. The major applications of metallic coating additives are industrial applications, bedding & furniture, construction, and automotive paints, among others.
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