The global coating additives market size is anticipated to reach $11.91 billion by 2026, growing at a CAGR of 4.8% during the forecast period, according to a report published by Polaris Market Research.
The report ‘Coating Additives Market By Product Type (Metallic, Acrylic, Urethane, Fluor polymer & Others), By Formulation (Solvent-Borne, Water-Borne and Powder-Based), By Function (Wetting & Dispersion, Anti-Foaming, Biocides, Rheology Modification and Others), By Application (Building & Construction, Automotive, Wood, Industrial and Others), By Regions & Segments Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.Rapidly growing demand of coating additives from numerous end-use industries is anticipated to be the major driver for the market.
Global coating additive market has changed substantially in the last decade and is likely to continue with the changes during the forecast period due to its highly competitive characteristics.Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/coating-additives-market/request-for-sampleThe essential constituents of coatings, the process of its composition and environmental-based parameters have mainly driven the innovation for this market.
The regulatory framework backed up by environmental & health concerns include reduction or complete elimination of volatile organic compounds (VOC) or any other constituent that is known to be hazardous in nature.The application sectors for coating additives have witnessed moderate growth, however, demand for novel and innovative additive compositions are anticipated to increase rapidly.
Also, significant focus has been levied upon the appearance effect d these additives coupled with the with the costs of its utilization.
Stringent regulatory framework and changing consumer behaviour concerning the environment-friendly products have forced coating manufacturers to launch innovative and sustainable products.New and highly complex environmental policies & regulations, introduced specifically to minimize the waste and support recycling & recovery of additives, have resulted in new additive technologies and their manufacturing techniques.The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Coating Additives Market, 2017-2026.