Tim Wright01.15.08
The estimated value of the global market for additives used in paint and coatings is $4.7 billion-up from $4.5 billion in 2006-and accounts for the sale of surfactants, biocides, thickeners and various "other" materials, according to The Chemark Consulting Group, a consulting firm focused on the coatings, adhesives and sealants industries based in Southern Pines, NC.
The North American market is valued at $1.530 billion while the EU market is worth $1.730 billion. Asia/Pacific accounted for $970 million while the rest of world (ROW) markets accounted for $510 million.
In 2007 the additives market was up four percent in the U.S. and 3.9% in the EU over 2006. ROW markets experienced a nine percent growth rate, according to Chemark.
For the next five years, the firm forecasts 4.2% growth rate in North America, four percent in the EU and seven to nine percent in ROW markets, being led by Asia Pacifice, particularly China.
In the years ahead, additives will take on a greater role in paints and coatings than ever before, according to Phil Phillips, Chemark's managing partner and regular Coatings World contributor. "This is due prim
The North American market is valued at $1.530 billion while the EU market is worth $1.730 billion. Asia/Pacific accounted for $970 million while the rest of world (ROW) markets accounted for $510 million.
In 2007 the additives market was up four percent in the U.S. and 3.9% in the EU over 2006. ROW markets experienced a nine percent growth rate, according to Chemark.
For the next five years, the firm forecasts 4.2% growth rate in North America, four percent in the EU and seven to nine percent in ROW markets, being led by Asia Pacifice, particularly China.
In the years ahead, additives will take on a greater role in paints and coatings than ever before, according to Phil Phillips, Chemark's managing partner and regular Coatings World contributor. "This is due prim
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