Pune, 12, April, 2023: The report published by Maximize Market research, on the Coating Additives Market, covers an extensive regional analysis, market segments, dynamics and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to grow from USD 10.15 Bn in 2021 to USD 15.07 Bn in 2029 at a CAGR of 5.8 percent.
Coating Additives Market Report Scope and Research Methodology
The report covers data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the Coating Additives industry. It provides an in-depth analysis of the Coating Additives market segments with their sub-segments and regions. The objective of the Coating Additives market report is to offer historical data and forecast revenue growth at global, regional and country levels. The key methodology used by the MMR team is data triangulation which involves data mining, analysis of the impact of data variables on the Coating Additives market, and primary (industry expert) validation. The secondary data was collected from the annual or financial reports of the market players along with the paid and free databases while the primary data was collected by interviewing Coating Additives industry experts. To estimate the regional and global Coating Additives market size, the bottom-up approach was used with the PESTLE analysis to provide macro and micro economic factors influencing the market growth. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the market players and the Coating Additives industry.
Coating Additives Market Dynamics
The market is primarily driven by the increasing demand from the construction industry for water-based coatings. The need for coating additives to achieve zero-VOC emission criteria and government initiatives to decrease carbon emissions from construction operations are expected to drive the Coating Additives market growth during the forecast period. The growing building and construction sector is also fuelling the growth of the market. The restrictions by the governments on the use of dangerous and environmentally damaging coatings is restraining the growth of the Coating Additives Market.
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Coating Additives Market Regional Insights
The Asia Pacific region held the largest Coating Additives Market share of 35 percent in 2021 and is expected to dominate the global market during the forecast period. The growth of the regional market is attributed to the increasing disposable income, stable economy and improving standards of living in countries such as China, Japan, Malaysia, Singapore and Vietnam.
The Coating Additives Market in the Europe region is expected to grow at a CAGR of 4.8 percent during the forecast period. The regional market growth is driven by the increasing demand for paints and coatings from automotive and industrial applications.
Coating Additives Market Segmentation
By Type
By Function
By Formulation
By End-Use Industry
Coating Additives Key Competitors include:
Table of Content for Coating Additives Market:
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Key questions answered in the Coating Additives Market are:
Key Offerings:
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Packaging Coating Additives Market – The market size is expected to reach USD 752.37 million by 2029 at a CAGR of 4.50 percent during the forecast period. The market is expected to be driven by the increasing demand for bio-based slip additives.
Waterborne Coatings Market – The market size is expected to reach USD 109.39 billion by 2029 at a CAGR of 3.8 percent during the forecast period. The market is expected to be driven by the increasing usage of waterborne coatings in the automotive industry.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/global-coating-additives-market/84708/