The global market for paint additives is highly fragmented, with presence of several regional and international players. Revenues from the global paint additives market will reach nearly US$ 9,489.0 Mn by 2022-end. A latest research by Future Market Insights (FMI) projects the global market for paint additives to exhibit a moderate 4.6% CAGR during the forecast period 2022 to 2032. A number of domestic vendors have been observed to enter the market, influenced by rapid growth in urbanisation and industrialization in emerging economies. These vendors are competing on the basis of innovation, product quality, price, operation cost, and economies of scale for strengthening their position in the market.
Global Paint Additives Market Estimated Size (2022E)
US $ 9,489.0 Mn
Projected Market Valuation (2032F)
US $ 14,877.8 Mn
Value-based CAGR (2022-2032)
Collective Value Share: Top 3 Countries Worldwide (2022E)
Vendors of Paint additives are specializing in Product Differentiation & Innovation to keep their marketplace Presence
Massive investments are being made by means of vendors of insulating paint additives in studies & development sports, with an goal of lowering the cost related to manufacturing and operation. Providers also are concentrating on product extensions and new technology, to develop extraordinarily efficient merchandise with more advantageous residences. Innovation and product differentiation are generally adopted techniques by means of companies within the market to preserve their presence within the marketplace. Those elements may impact enlargement of paint additives market across the globe. Similarly, fast financial expansion in growing nations has led in the direction of a upward thrust in business sports and architectural production. This has similarly fuelled adoption of paints, thereby developing huge call for for paint components.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4956
Although environmental policies have saved enlargement of the paint industry in test, manufacturers of paints are ad infinitum stressing on reformulating their products, which in turn is driving call for for novel components. Surging demand for multifunctional components is every other important issue favouring boom of the global paint components market. Utilised in paint formulations, multifunctional components provide performance degree just like that of person additives. Multifunctional components lessen the fee, and simplify the formulating method, and assist aqueous answers to perform nicely and remain compliant with safety requirements.
Architectural Sector to Remain Dominant End-users of Paint Additives
Architectural sector is the major end-user of paint additives and will continue to dominate the market, in terms of revenues. Rising construction of residential and commercial buildings, especially in emerging regions, will drive demand for paint additives, as they improve corrosion resistance, abrasion resistance, thermal stability, and water resistance. Growing urbanization, improving living standards of population worldwide, and growth in construction activities are factors fuelling adoption of paint additive in the architectural end-use industry.
Sales of paint additives will witness the fastest expansion in anti-foaming, and biocides impact modification applications. In addition, sales of paint additives for application in wetting & dispersion, and rheology modification are expected to register a parallel expansion through 2022. Wetting & dispersion is expected to remain the least lucrative application of paint additives over the forecast period.
By formulation type, although solvent-based paint additives are poised to remain preferred in the market, demand for water-based paint additives will gain significant traction among end-users in the near future. Demand for solvent-based paint additives is expected to witness a fall, owing to rising environmental regulations, which in turn is driving adoption of water-based paint additives. However, revenue share of solvent-based paint additives in the market will remain relatively larger during 2017 to 2022.
Acrylics to Remain Sought-after among Products in the Market
Acrylics are expected to remain sought-after among products in the global paint additives market, followed by fluoropolymers. Sales of fluoropolymers and acrylics are expected to exhibit similar CAGRs in the market through 2022. In addition, sales of acrylics is expected to account for nearly US$ 2,500 Mn revenues by 2022-end.
Get Customization on This Report for Specific Country @ https://www.futuremarketinsights.com/customization-available/rep-gb-4956
Europe is expected to remain the largest market for paint additives, in terms of revenues. The paint additives market in Asia-Pacific excluding Japan (APEJ) is expected to create an absolute $ opportunity of nearly US$ 400 Mn between 2017 and 2022. The market in Japan is projected to register a relative faster expansion than all remaining regional segments included in the report.
FMI's report has listed key leading companies manufacturing paint additives, which include Daikin Industries, Ltd., Lonza Group AG, Arch Chemicals, Evonik Industries AG, Dow Chemical, Asahi Glass Co., Ltd., BYK-Chemie GmbH, BASF SE, Ashland Global Holdings, Inc., Arkema SA, and Akzo Nobel NV.
Drag Reducing Agent Market by Category
By Product Type:
- Suspension/ Suspended Solids
- Crude Oil
- Multi-phase Liquid
- Refined Products
- Heavy, Asphaltic Crude
- Water Transportation
By End Use:
- Oil & Gas
- Chemicals & Petrochemicals
- Power & Energy
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
4. Key Success Factors
to be continued...!
Have a Look at Trending Reports of Chemicals & Materials Domain
Direct Reduced Iron Market Size: The global market of direct reduced iron is currently valued at around US$ 8,249.0 Mn, and is anticipated to reach US$ 16,789.0 Mn by 2030.
Aramid Fiber Market Share: The global aramid fiber market is expected to reach a market valuation of US$ 3.8 Billion by the year 2022, accelerating with a CAGR of 5.3% by 2022-2032.
Drag Reducing Agent Market Growth: The global drag reducing agent market is estimated to total US$ 937.3 Mn by 2029, in comparison to the US$ 597.2 Mn registered in 2021.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!
Future Market Insights Inc. is Knowledge Partner at Gulf Coatings Show, Sharjah, 17-19 October 2022 where we will be launching our Market Report 'Coatings 2022: State of the Industry in Middle East', Register to receive a digital copy of the Market Report and to join our content sessions.
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
For Sales Enquiries: email@example.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.