Tim Wright01.12.06
The U.S. additives market has been characterized by slow, stable growth over the years and is likely to continue in such fashion throughout the foreseeable future.
The total revenue from the U.S. additives market was $940 million in 2004 and is projected to grow to $1,147.9 million in 2011, with a compound annual growth rate (CAGR) of 2.9% for the periord 2004 to 2011, according to research conducted by Frost & Sullivan (see chart below and on page 38).
Trends that are driving the additives market are increased demand for low VOC coatings, growth in the use of low surface energy substrates such as plastics and pressure on coatings suppliers to reduce cost. Hindering the market is the increased cost of raw materials and energy, which is affecting housing sales and reducing the demand for capital goods, according to Robert Miller, product manager, Troy Performance Additives. "The high cost and availability of raw materials is a major concern. Additive suppliers must respond to the needs of the coating formulator by supplying products that have little or no VOCs and enhance the perfornmance of coatings to compensate for the remove
The total revenue from the U.S. additives market was $940 million in 2004 and is projected to grow to $1,147.9 million in 2011, with a compound annual growth rate (CAGR) of 2.9% for the periord 2004 to 2011, according to research conducted by Frost & Sullivan (see chart below and on page 38).
Trends that are driving the additives market are increased demand for low VOC coatings, growth in the use of low surface energy substrates such as plastics and pressure on coatings suppliers to reduce cost. Hindering the market is the increased cost of raw materials and energy, which is affecting housing sales and reducing the demand for capital goods, according to Robert Miller, product manager, Troy Performance Additives. "The high cost and availability of raw materials is a major concern. Additive suppliers must respond to the needs of the coating formulator by supplying products that have little or no VOCs and enhance the perfornmance of coatings to compensate for the remove
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