The urethane coating additives market is mainly driven by the increasing demand from end-user sectors such as construction, bedding & furniture, construction, and automotive paints. These industries, in particular, have witnessed strong growth in the past few years, which is driving manufacturers to increase the production of urethane coating additives. It is expected that the future prospects of the industry would be dominated by additives which reduce the VOC and APEO content in the formulation.
The Asia-Pacific urethane coating additives market is expected to reach $855 million by 2018, to grow at a CAGR of 6.3 percent from 2013 to 2018. APAC is the largest urethane coating additives market in the world, as well as one of the most promising markets for urethane additives, both in terms of production as well as consumption. Availability of cheap raw material and labor, coupled with upcoming domestic demand, enables this market to be the most attractive one for industry participants.