FORT WORTH, Texas, December 12, 2014 /PRNewswire/ --
The European Biocides Coating Additives Market report defines and segments the biocides coating additives market in Europe with an analysis and forecast of the revenue. The growing demand for eco-friendly or 'green' coating additives is one of the major drivers for the biocides coating additives market in the region.
Browse through the TOC of the European Biocides Coating Additives Market report, to acquire an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European Biocides Coating Additives Market, which is supported by various tables and figures.
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Biocides are chemical substances used to kill unwanted organisms and control bacterial or fungal growth. These prevent the degradation of the products' physical and functional properties within the material as well as on the surface. Coating additives are special additives that are added to the paint and/or coating to enhance its performance and quality. Biocides are used as additives in the paint & coating industry. Several potential problems caused by bacteria include product discoloration, viscosity and pH changes, phase separation, and sedimentation. The main function of biocides coating additives is to modify the properties of the coating such as viscosity, gloss, impact resistance, foam, etc., which enhances the effectiveness of the coatings.
The report covers the European Biocides Coating Additives market, which is segmented on the basis of application and geography. In Europe, biocides coating additives are required for industrial applications, bedding & furniture, construction, and automotive paints.
The European biocides market is smaller than the North American and Asia-Pacific markets, both in terms of value and volume. Germany is the dominating country in the region that contributes to a market share of nearly 20%, followed by Italy, France, and the U.K. Organizations such as REACH and EEB are working towards the development of directives that control the VOC in the paints and varnishes. Thus, the major players in the regions such as BYK-Chemie (Germany), BASF (Germany), Arkema (France), Evonik (Germany), and Elementis (U.K.) are launching new additives that reduce the need of VOC in paint formulations. The construction industry remained the major application for coating additives, which was affected the most by the recession. Due to the decreasing output from the conventional industries, the furniture industry of the region has demonstrated an effective and better performance. In the near future, the turbulence in the regional economy is expected to reduce, which would ultimately support the demand of biocides coating additives.
The North America Biocides Coating Additives Market constituted a major share of 28.36%in the global biocides coating additives market. The North American market is projected to grow its share to approximately 29% by 2018.
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