Asia-Pacific Coating Additives Market is Expected to Reach $5,230.3 Million in 2018
The report published by MicroMarket Monitor segments the Asia-Pacific Coating Additives Market with analysis and forecast of revenue.
Fort Worth, Texas, November 26, 2014 (Newswire.com) - Coating additives are special additives that are added to the paint and/or coating to enhance its performance and quality. The main function of additives is to modify the properties of the coating such as viscosity, gloss, impact resistance, foam, etc. which enhances the effectiveness of the coatings. The coating additives in the form of paints are applied on the substrate using brush or rollers to form a thin film that is used for decorative or protective purpose. While in powder coating, the powder is sprayed on the substrate, which is attracted towards the surface due to electrostatic charge that holds it in its place.
Browse through the TOC of the Asia-Pacific coating additives market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Asia-Pacific coating additives market, and is supported by various tables and figures.
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Among the various regions focused during the study, Asia-Pacific is expected to maintain its supremacy in current as well as coming years. In 2012, the total consumption of coating additives market was more than the share in North America. The major reason of growth is the fast growing economies in the region. The region includes some of the world’s fastest growing economies such as China and India, which are among the forerunners in the region, in terms of adaptation of new technologies. The countries in the Asia-Pacific market include China, India, Japan, and South Korea. China is the dominating country in the Asia-Pacific market, having accounted for a major share due to the rapid economic growth in the recent years in rampant architectural construction and industrial activity, which created significant demand for coating additives.
The economy in this region saw a minor effect on its year-on-year growth in demand for coating additives. Among all the major countries, India is expected to grow at a faster pace owing to its growing construction activity contributed by the growth in its automobile sector. The overall construction industry in the region has been witness to a strong growth due to the large spending on housing, road, ports, water supply, rail transport, and airport development which has overall increased the growth of coating additives market.
The report covers the Asia-Pacific coating additives market which is segmented on the basis of type, application, and geography. In the Asia-Pacific region, coating additives are applied in automotive paints, bedding & furniture, construction and industrial applications.
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