Catherine Diamond, Associate Editor01.15.16
The global coatings additives market is expected to grow from an estimated $6 billion industry in 2013 to $8.7 billion by 2018, with a CAGR of 6.4% from 2013. This is according to a report by research firm Markets and Markets, which also found that environmental regulations have caused a major shift towards waterborne and powder coatings.
“The major function of a coating additive is to address problems hindering the performance of coatings; as the problem would include foaming, wetting & dispersing, inconsistent rheology, biocides, etc.,” the report states. “Thus, the industry players have begun focusing on developing and launching additives which would facilitate the formulators to achieve the right proportion along with high performance. With the tightening environmental regulations, formulators are forced to reduce the VOC content in their products. This has caused a shift towards the use of water-borne or powder coatings, wherever it is possible.
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