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Coatings additives market forecast with a CAGR of 3.5 percent through 2027

  12/6/2018 - Rockville, MD - Skyrocketing demand from a multitude of industries, ranging from architecture to automotive, is a key factor fueling coating additives sales. According to the study, a 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 the coating additives market. According to the study, demand for coating additives is likely to reach 1.3 million tons by the end of 2018, up from 1.2 million tons in 2017. As per the report, acrylic based coating additives will remain the top-selling product type. The popularity of acrylic based coating additives can be accredited to their 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 offer prime opportunities for the market players to take into consideration. Waterborne coatings remain the highly sought-after formulation, followed by solvent-based coatings and powder coatings. Waterborne coatings are being increasingly sought on the back of their competency to offer great resistance to heat, as well as abrasion. Moreover, architectural coatings maintain their lead as the largest application segment, and the booming number of infrastructure-related projects extrapolates the same. "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," said a senior analyst from Fact.MR. The thriving commercial and residential construction activities in Asia-Pacific have been spurring the sales of coating additives, making it the most remunerative region for the market stakeholders from an investment-making standpoint. The flourishing automotive sector in the region is also triggering the clamor for high-performance coating additives, finds the Fact.MR study. The report also indicates that innovative products such as multifunctional additives, silicone-based additives and green coating additives are expected to witness a spike in demand, giving a major boost to the overall growth of the coating additives market. According to the research study, product developments and technological innovations remain the key facets boosting the bottom lines of companies operating in the market space. Moreover, moderate pricing and diverse product portfolios are anticipated to be the major factors driving the industry over the foreseeable future. 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 percent 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. Tier 2 players are focused on the 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 top-to-bottom research on the growth potential of the 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 percent over the forecast period.

Thursday, February 21, 2019

Preferred Compounding relaunches Glo-Mold as GloMoldPlus. - click to expand

ARPM’s state of industry report reveals steady outlook for rubber manufacturers - click to expand

Ace Products & Consulting honored as a 2018 Cleveland Technology Award recipient - click to expand

Shoe insert market forecast at $53.1 billion by 2027 - click to expand

Sealing and strapping packaging tapes market is forecast at $22.1 billion by 2023 - click to expand

Wednesday, February 20, 2019

Cooper Tire and the United Steelworkers ratify new contract for Clarksdale, MS, facility - click to expand

Freudenberg Sealing Technologies launches new test stands for seals for electric powertrains - click to expand

Eastman Technology to present at the Tire Technology Expo in Hannover, Germany - click to expand

Acmos Chemie hires Ralph Lopez as vice president and general manager of newly formed rubber division - click to expand

Bridgestone Retail Operations raises nearly $2.8 million to support Boys & Girls Clubs of America - click to expand

Tuesday, February 19, 2019

3D Systems launches rubber-like 3D printing material for FabPro 1000 - click to expand

Adhesive tape market forecast at $73.5 billion by 2024 - click to expand

Cooper Tire announced its 188th consecutive quarterly dividend of 10.5 cents - click to expand

Yokohama Rubber increases sales for 2018, but decreases in profit - click to expand

Michigan Rubber Group announces speakers for its meeting in Grand Rapids Michigan for March 6, 2019 - click to expand

Cooper Tire and the United Steelworkers ratify new contract for Clarksdale, Mississippi facility - click to expand

Monday, February 18, 2019

Global elastomeric foam market forecast to reach $1.75 billion by 2023 - click to expand

Goodyear and Local Motors join forces on autonomous shuttles - click to expand

Canadian manufacturing activity declined in December - click to expand

Nokian Tyres selected as one of the most sustainable companies in the world - click to expand

Friday, February 15, 2019

Iowa State University researchers find method to improve rubber stability in asphalt - click to expand

Nokian Tyres begins hiring for new factory in Dayton, Tennessee - click to expand

Book of the Day: USA Rubber & Tire Industry Patents 2015-2017 - click to expand

Global surgical gloves market forecast at $1.7 billion by 2025 - click to expand

OTR tire market forecast to reach $7.2 billion by 2024 - click to expand

Thursday, February 14, 2019

American Sustainable Rubber Company appoints Timothy Madden as president - click to expand

Silicone and Thermoplastic Elastomers 2019 U.S. Summit abstracts due Friday, February 15 - click to expand

Nouryon completes organic peroxides expansion in Mexico - click to expand

Global silicone market forecast to reach $18.8 billion by 2022 - click to expand

Global medical tubing market forecast with a CAGR of 8.4 percent through 2026 - click to expand

Market Reports

Shoe insert market forecast at $53.1 billion by 2027 - click to expand

Sealing and strapping packaging tapes market is forecast at $22.1 billion by 2023 - click to expand

Adhesive tape market forecast at $73.5 billion by 2024 - click to expand

Global elastomeric foam market forecast to reach $1.75 billion by 2023 - click to expand

Global surgical gloves market forecast at $1.7 billion by 2025 - click to expand

OTR tire market forecast to reach $7.2 billion by 2024 - click to expand

Global silicone market forecast to reach $18.8 billion by 2022 - click to expand

Global silicon metal market forecast with a CAGR of 4.4% through 2025 - click to expand

Global medical tubing market forecast with a CAGR of 8.4% through 2026 - click to expand

Isoprene rubber latex market forecast to reach $1.17 billion by 2028 - click to expand

Bio-based polymers forecast to grow with a CAGR of 4 percent through 2023 - click to expand

Global aircraft tire market forecast to reach 2.51 billion by 2024 - click to expand

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