Growing Paint Additives Market

Additives, which are generally used at low levels in paint formulations, provide desirable properties that the paint might otherwise lack. They have a range of functions, including enabling the paint to stick better, limiting the growth of mildew, improving the smell and antibacterial properties of the paint, and enhancing flow characteristics.

As the paint and coatings industry continues to fall under pressure by environmental regulations, manufacturers of coatings and paints are endlessly reformulating their products. As a result, demand for novel additives continues to increase.

The world market for paint additives is projected to exceed $6 billion in the coming years. While the United States is still the single largest market, growth in the global market for paint additives is primarily originating from high growth markets in 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.

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