Welcome Guest to Coatings World    Login || Register
Last Updated Sunday, October 19 2014
Print RSS Feed

Study Finds Coating Additives Market in China to Exhibit Double Digit Growth in Coming Years



Published August 11, 2014
Coating additives are specialty additives primarily used during the manufacturing of coatings in order to improve their quality and performance. Some major types of coating additives include rheology modifiers, wetting and dispersing additives, defoamers, flow and leveling additives, biocides, slid and rub additives, UV stabilizers, etc. The coating additives market in the country is directly related to growth in China's coatings industry, which is projected to grow at a CAGR of over 10% during 2014-19. Over the next five years, major demand for coatings is expected to emanate from the architecture and automotive industries in China.

According to a recently published report by TechSci Research, "China Coating Additives Market Forecast & Opportunities, 2019", the China coating additives market is projected to witness a CAGR of approximately 12 percent during 2014-19. This growth is expected to be driven by increasing popularity of high quality coatings in major end-user industries such as architecture, automotive, marine and shipping, wood and plastic coatings, etc. Owing to growing demand, most of the leading global manufacturers such as AkzoNobel, BASF, PPG Industries, Valspar, Axalta, etc. are increasing their production capacities in China.

Additionally, the presence of major coating and coating additive producers in China has promoted extensive research and development, which has led to introduction of various innovative product lines over the last few years, a trend that is expected to continue in coming years as well. Few such examples of novel products include multifunctional coating additives, green coating additives and additives for water based coatings. Recent advancements in water based coatings are expected to significantly benefit the market for coating additives in China. The reason for robust growth of water based coatings is rising consumer awareness regarding the negative health impact of solvent based coatings, due to high emissions of volatile organic compounds (VOCs).

"In order to comply with international quality and safety standards for coatings, the Government of China is promoting the use of low VOC coatings in residential and infrastructural projects. Consequently, strong growth in water based coatings segment in China is expected to continue during 2014-19. Further, innovative products such as silicone based additives, multifunctional additives and green coating additives are expected to witness robust demand, thereby boosting the country's coating additives market over the next few years" said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"China Coating Additives Market Forecast & Opportunities, 2019" has evaluated the future growth potential of Chinese coating additives market and provides statistics and information on market structure and industry behavior trends. The report includes China coating additive market size and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in coating additives market in Europe.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Follow Coatings World On