- The key market vendors are Air Products and Chemicals Inc., AkzoNobel NV, BASF SE, Dow Chemical Co. and Evonik Industries AG.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Paint Additives Market 2014-2018. The market is primarily driven by the positive attitude of governments toward environment-friendly products. The water-based paint additives make the whole decorating process more environmentally friendly. Governments are offering incentives such as tax exemptions and certifications to companies that produce and promote eco-friendly products, and this is also boosting the demand for water-based paint additives.
Paint additives are ingredients that improve the quality, performance, and functionality of paints and coatings. They modify the properties of paints to improve viscosity, reduce foam, control gloss, control flow, add anti-chipping ability, and enable paint to be more impact resistant to increase its effectiveness. Small amounts are added to the coating formulation to ensure the paint’s durability and enhance the finish of the coated film.
The key vendors in this market are Air Products and Chemicals Inc., AkzoNobel NV, BASF SE, Dow Chemical Co. and Evonik Industries AG.
“Increased investments in construction and infrastructural developments in emerging economies are fuelling the demand for paint additives,” says Faisal Ghaus, Vice President of TechNavio Research.
“The APAC region is expected to remain the largest market for paint additives during the forecast period because of growing demand from China and India.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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