Paint Additives Market – Forecasts and Analysis by Technavio

September 7, 2017

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global paint additives market is expected to grow at a CAGR of more
than 6% during the forecast period.

This research report titled ‘Global
Paint Additives Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio’s chemicals
and materials research analysts categorize the global paint
additives market into the following segments by application. They are:

Architectural
Industrial
Wood and furniture
Automotive
Others

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

The top three revenue-generating application segments of the global
paint additives market are discussed below:

Architectural

The increase in demand for residential and non-residential buildings is
expected to propel the demand for paint additives owing to their use to
improve corrosion resistance, water resistance, thermal stability, and
abrasion resistance. The global construction growth in 2016 was mainly
driven by worldwide construction, improvement in the living standards of
individuals, and continued urbanization.

According to Hitesh Bhatia, a lead additives,
adhesives, and sealants research analyst from Technavio, “The
growing construction activities in countries such as India, China, and
Japan in APAC is expected to propel the demand for paint additives. The
construction industry in India is anticipated to grow almost twofold as
fast as China by 2030, providing a new opportunity for global growth in
emerging markets. The urban population in India is expected to grow by
more than 164 million by 2030, with Delhi projected to become the second
largest city in the world in terms of population with around 10.3
million people.”

Industrial

There has been an increase in the use of paint additives in the
formulation for different industries such as steel, electrical and
electronics, and household appliances. Paint additives are commonly used
in industrial coatings for metal, plastic, and mineral substrates. They
are commonly used in steel structures, chemical and petroleum plants,
steel bridges, off-shore oil rigs and equipment, piping, and other
equipment that require protection against corrosion.

“The increase in demand for paint additives in industrial application
owing to their anti-corrosive properties is expected to foster the paint
additives market. India and China are emerging as manufacturing hubs in
APAC. The growing demand for industrial paints in the emerging economies
is expected to foster the growth of the global paint
additives market,” adds Hitesh.

Wood and furniture

Growing population across regions is resulting in a higher demand for
basic household needs such as bedding, upholstered furniture, and
others. This, in turn, is expected to foster the global market for paint
additives during the forecast period.

The growing demand for luxury bedding and furniture is also mounting
owing to the increase in production capacities of suppliers in emerging
economies. These vendors are also expanding rapidly to cater to the
increasing demand from the domestic markets such as China, Indonesia,
Brazil, and India.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Akzo Nobel
Arkema
Ashland
BASF
The Dow Chemical

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 361 1100
UK: +44 203 893 3200
www.technavio.com