FORT WORTH, Texas, December 23, 2014 /PRNewswire/ --
The Asia-Pacific urethanes coating additives market was valued at $860.6 million in 2013, which is expected to grow at a CAGR of 6.8% annually.
Urethane-based coating additives are essentially used for stabilization, wetting, dispersion, anti-flooding, and anti-floating. It is also employed for superior color acceptance of tinters. In addition to these, they are also used for UV reflectivity, chip resistance, and impact resistance.
Browse through the TOC of Asia-Pacific Urethanes 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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Urethanes coating additives are being used mainly in the paints & coating segment, which caters to a large number of industries that include automotive, building & construction, industrial application, and so on. The urethane-based coating additives market is mainly driven by the growth of end-user industries such as construction in the major countries of the Asia-Pacific region.
Asia-Pacific dominates the global urethanes coating additives market both in terms of production as well as consumption, because the coating additives market is undergoing an expansion phase in the Asia-Pacific region. This growth can be primarily attributed to the increasing demand in emerging economies such as China, India, and so on.
Construction recorded the largest revenue in 2013 with $287.3 million, which is estimated to reach $396.2 million by 2018 at a CAGR of 6.6% for the period under consideration. Automotive paints led the urethanes coating additives market in terms of growth rate, which is projected to grow at the highest CAGR of 7.1% from 2013 to 2018.
The key countries covered in Asia-Pacific Urethanes Coating Additives Market are China, Japan, India, South Korea and others. The various applications include Construction, Bedding & Furniture, Industrial applications, automotive paints and other applications.
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