Top 5 Vendors in the Global Coating Additives Market from 2017 to 2021: Technavio

LONDON–(BUSINESS WIRE)–#AdditivesTechnavio
has announced the top five leading vendors in their recent global
coating additives market
report. This market research
report also lists five other prominent vendors that are expected to
impact the market during the forecast period.


Competitive vendor landscape

According to the research analysis, the global
coating additives market
is dominated by global vendors,
including AkzoNobel, ALTANA, BASF, Evonik Industries, and The Dow
Chemical Company. These players have a vast geographic presence with
massive production facilities located globally. However, there are a
sizeable number of small regional vendors that hold significant shares
in the market.

“Key vendors are focusing on R&D activities to discover new product
applications to meet the increasing demand for advanced coating
additives. They are also concentrating on penetrating untapped markets,
such as Asia, Africa, and the Middle East. Manufacturers seek to
safeguard their competitiveness in the face of expected economic,
environmental, and various other challenges
,” says Ajay Adikhari, a
lead additives,
adhesives, and sealants
analyst from Technavio.

The report also states that companies are trying to maintain a
competitive edge by executing new technologies and increasing the
margins in response to fluctuating market conditions in the end-use
industries.

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Technavio market research analysts identify the following key
vendors:

AkzoNobel

AkzoNobel was formed through the merger of Akzo and Nobel Industries. It
is one of the leading manufacturers and suppliers of specialty
chemicals, paints, and performance coatings worldwide. The company
serves customers from transportation, consumer goods, building and
infrastructure, and industrial sectors.

ALTANA

ALTANA manufactures high-quality specialty chemicals. The company
concentrates on providing innovative and environmentally compatible
solutions for many industries, including coating, paint and plastic
processors, printing, cosmetics, and electrical and electronic. It
offers additives, special coatings and adhesives, effect pigments,
sealants and compounds, impregnating resins and varnishes, and testing
and measuring instruments.

BASF

BASF offers chemicals and intermediates, including plasticizers,
solvents, monomers, glues, and electronic chemicals. The company also
offers raw materials for plastics, detergents, textile fibers, plant
protection, pharmaceuticals, and paints and coatings industries. Its end
users include the automotive, construction, agriculture, oil, plastics,
electrical and electronics, furniture, and paper industries.

Evonik Industries

Evonik Industries is one of the leading specialty chemicals companies.
The company has a prominent global presence and generates more than 80%
of sales outside Germany. The company has five primary business
segments, including nutrition and care, resource efficiency, performance
materials, services, and others.

The Dow Chemical Company

The Dow Chemical Company provides solutions for clean water, increasing
agricultural productivity, and clean energy generation and conservation,
through its product portfolio that includes advanced materials,
specialty chemicals, and agro-sciences, manufactured in its production
facilities situated globally.

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Technavio
is a leading global technology research and advisory company. The
company develops over 10,000 pieces of research every year, covering
more than 800 technologies across 50+ countries. Technavio has more than
500 analysts globally who specialize in customized consulting and
business research assignments across the latest leading-edge
technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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at [email protected].

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