A brief of Coating Additives market report
The business intelligence report for the Coating Additives market offers a comprehensive outline of essential aspects regarding the product classification, crucial definitions, and other industry-specific parameters.
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The Coating Additives market report also covers the key factors associated with the current events such as mergers and acquisition, partnerships and new product launches. Further, the research hands over a strong foundation for gathering a plethora of insights that potential customers can use to improve their returns and decrease costs. The depiction of data on Coating Additives market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are looking for the foreseeable timeframe.
Skyrocketing demand from a multitude of industries, ranging from architecture to automotive, is a key factor fuelling coating additives sales. According to the study, growing focus on quality is driving demand for coating additives in manufacturing processes. These insights are according to a latest Fact.MR study that projects a bullish run for coating additives market. According to the study, demand for coating additives is likely to reach 1.3 Mn tons by 2018-end, up from 1.2 Mn tons in 2017.
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Acrylic Based Coating Retains its Buoyancy Owing to Performance-driven Requirements
As per the report, acrylic based coating additives will remain the top-selling product type. The popularity of acrylic based coating additive can be accredited to its competency in enhancing product properties and optimizing production processes. Urethane and fluoropolymer are the other top-selling additive types.
According to the research study, demand for rheology coating additives is likely to reach 449,000 tons in 2018. With the rising demand for low-VOC or VOC-free waterborne coating systems, the rheological additives are witnessing revved up adoption. Dispersant additives trail the former as the second most preferred function type and offering prime opportunities for the market players to take into consideration.
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“Robust demand for coatings is poised to be registered from the architectural and industrial applications over the upcoming years. This, in turn, will translate into a significant surge in demand for additives in terms of performance enhancement requirements”, Senior Analyst, Fact.MR
Coating Additives Market Remains a Consolidated Landscape
According to the Fact.MR study, the coating additives market remains a consolidated landscape and portrays the reign of leading players with strong product portfolios. The tier 1 players in the coating additives market have been identified to hold approximately 45-50% revenue share and remain highly focused on go-to market strategies aimed for reaching out to the customer segments in a much more efficient manner.
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Tier 2 players are focused on development of unique and exclusive products and commercialization of the same at competitive price points to gain substantial revenue benefits. The market players falling into the tier 3 category are shifting their focus toward strategic alliances and partnerships with leading industry giants for affluent expansion. In addition to that, long-term contracts with the domestic manufacturers or suppliers have also been identified to be a key differential move to tackle volatile pricing as well as uninterrupted supply.
The Fact.MR report offers a top-to-bottom research on the growth potential of coating additives market over the forecast period of 2018 to 2027. As per the report, the coating additives market is poised to expand at a volume CAGR of more than 3.5% over the forecast period.
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