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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, December 13, 2018

Cooper Tire announces joint venture to build truck tire factory with Sailun Vietnam - click to expand

Goodyear celebrates 100th anniversary of Wingfoots basketball players with reunion - click to expand

Venezuela's government says it will reopen closed Goodyear plant - click to expand

Cooper Standard licenses its proprietary Fortrex material platform to PolyOne - click to expand

Ohio governor signs unsafe used tire legislation - click to expand

Wednesday, December 12, 2018

Off the road tiress market will register a 4 percent CAGR through 2023 - click to expand

Tire Discounters supports Ohio’s new legislation to prohibit use of unsafe used tires - click to expand

Trinseo's president Christopher Pappas announces his retirement - click to expand

Sri Lankan Elastomeric is now using EnviroCB in regular tire production - click to expand

Davis-Standard’s Pawcatuck facility becomes ISO 9001:2015 certified - click to expand

Latex caulk market size to reach $25.5 billion by 2022 - click to expand

Tuesday, December 11, 2018

Borealis selects M. Holland Company as distributor in North America - click to expand

Elkem Silicones builds research and development center in France - click to expand

Goodyear Tire & Rubber halting production in Venezuela - click to expand

Continental inaugurates its research and test laboratory for industrializing dandelion rubber - click to expand

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

Monday, December 10, 2018

2018 U.S. tire shipments forecast to increase to 325.2 million units - click to expand

Fujikura Rubber becomes ISO 13485:2016 certified - click to expand

Yokohama Rubber launches limited sales of lightweight, eco-friendly tire - click to expand

Midwest Industrial Rubber acquires conveyor belt distributor Jerry Brothers Industries - click to expand

Registration and housing open for Rubber Division, ACS 195th Technical Meeting - click to expand

Friday, December 7, 2018

Rubber conveyor belt demand in Asia/Pacific region forecast to reach $4.4 billion by 2022 - click to expand

Kraiburg to open TPE production line in Malaysia - click to expand

Thailand, Malaysia and Indonesia meet to discuss distressed rubber prices - click to expand

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

Buchanan Rubber acquired by Wynnchurch Capital - click to expand

Thursday, December 6, 2018

Coatings additives market forecast with a CAGR of 3.5 percent through 2027 - click to expand

Cabot Ville Platte celebrates 75 years of operation - click to expand

Smithers Rapra announces four-part series on rubber compounding starting December 12 - click to expand

University of Wisconsin Milwaukee presents silicone elastomers course - click to expand

Sartomer celebrates 50th anniversary of West Chester, PA, production facility - click to expand

Market Reports

Off the road tiress market will register a 4 percent CAGR through 2023 - click to expand

Latex Caulk Market size to reach $25.5 billion by 2022 - click to expand

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

2018 U.S. tire shipments forecast to increase to 325.2 million units - click to expand

Rubber conveyor belt demand in Asia/Pacific region forecast to reach $4.4 billion by 2022 - click to expand

Coatings additives market forecast with a CAGR of 3.5 percent through 2027 - click to expand

Global rubber additives market forecast to reach $4.6 billion by 2023 - click to expand

Automotive high-performance tires market forecast with a CAGR of 16% by 2023 - click to expand

Automotive silicone market is forecast to reach $3.33 billion by 2023 - click to expand

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