FORT WORTH, Texas, December 16, 2014 /PRNewswire/ --
The European impact modification coating additives market was valued at $74.0 million in 2013, which is expected to grow at a CAGR of 4.6% annually, to reach $92.6 million by the end of 2018. The demand for environment friendly products has witnessed a strong growth in the past few years (also driven by environmental regulations), which drives the manufacturers to develop and launch more and improved products such as impact modification coating additives in the European region.
Browse through the TOC of European impact modification 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 growth of impact modification coating additives is driven by end-user markets, where coating additives are extensively used, owing to their ability to visually and chemically improve the performance of the coating along with additives, thereby increasing the flexibility and impact strength to meet the physical property requirements of rigid parts. Impact modifiers or additives contributes towards the improvement of factors that affect the performance of coatings such as wetting, dispersing, protection from microbes, foaming, slip & rub, etc.
The U.K. recorded the largest revenue in 2013 in the European impact modification coating additives market. Construction was the major segment with $24.6 million revenue in 2013 and is estimated to reach $30.4 million, to grow at a CAGR of 4.4%, annually.
The demand for environment friendly products has witnessed strong growth in the past few years (also driven by environmental regulations), which drives the manufacturers to develop and launch additional and improved products in the European market.
The key countries covered in the European impact modification coating additives market are Germany, Italy, France, the U.K., and others. Various applications include construction, bedding & furniture, industrial applications, automotive paints, and other applications. Further, as a part of the qualitative analysis, the European impact modification coating additives market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the impact modification coating additives market.
The market value of the North American Impact Modification Coating Additives Market in 2013 was around $76.3 million and is expected to reach $0.1 billion at a CAGR of 8.85% in 2018. The North American market is led by companies such as Dow Chemical, BASF SE, and Ash Land Inc., among others.
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