The U.S. dominates the world paint additives market as the single largest market, according to a new market research report on paint additives market, “Paint Additives: A Global Strategic Business Report.”
The credit crisis in 2007 and the subsequent recession in 2008 decelerated growth in value demand of paint additives in the U.S. Demand for paint additives is expected to revive in the upcoming years, owing to increasing demand for these products from formulators in an effort to adhere to changing legislations. Europe, as an affiliate region, leads the global market for paint additives.
Growth in the global market for paint additives is primarily originating from emerging markets such as Asia-Pacific. The rapid economic growth in most of the emerging countries in the recent years resulted in rampant architectural construction and industrial activity, which created significant demand for paints and additives that in turn rocketed demand for paint additives. Owing to continued growth in the architectural construction activity in countries such as India and China, Asia-Pacific is expected to emerge as the fastest growing regional market for paint additives worldwide in the forthcoming years.
The report published by Global Industry Analysts, Inc. provides a comprehensive review of market trends, competitive scenario, product introductions, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including the U.S., Japan, Europe, Asia-Pacific and rest of world (ROW). For more info visit www.strategyr.com/paint_additives_market_report.