Global Paint Additives Market 2017-2021 - Electropainting: A Future of Coating Process

The global paint additives market to grow at a CAGR of 6.12% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global paint additives market for 2017-2021. To calculate the market size, the report considers the revenues generated from various paint additives formulation for various applications such as architectural, industrial, wood and furniture, automotive, and others.

The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is Rising demand from construction industry. The growing construction industry will drive the demand for paint additives owing to the use in paints and coatings for protecting various materials under extreme conditions. The ability of paint additives to provide protection from moisture, microbial growth, heat, and chemical factors makes them ideal for use in the construction industry.

The latest trend gaining momentum in the market is Increase in R&D activities. Major paint additive players have increased their R&D spending to reduce manufacturing and operation cost of paint additives. Innovation and product extension to provide products with better efficiency and enhanced properties are a growing trend in this market. Thus, to maintain the competitive edge and market share in the market, vendors of paint additives have been heavily emphasizing on new technology and innovations.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. The oil and gas industry is one of the major suppliers of raw materials for the production of different types of paint additives such as acrylic, urethane, and other types of paint additives. Acrylic paint additives hold the major share in the global paint additives market. Raw materials such as propylene and acetylene for acrylic acid production are derived from petroleum fraction products. Urethane paint additives are also derived from crude oil such as polyol and diisocyanates (TDI and MDI). The increase in crude oil prices will have a severe effect on the prices of raw materials, thereby having an impact on the cost of paint additives.

Key vendors

Other prominent vendors

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by function

PART 07: Market segmentation by formulation

PART 08: Market segmentation by application

PART 09: Geographical segmentation

PART 10: Decision framework

PART 11: Drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/svr68t/global_paint

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