Paint Additives Market 2021 In-depth Analysis And Future Forecast 2021-2030

By Author: Mayuri More
Total Articles: 10
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The Paint Additive Market is estimated to grow at a CAGR of over 6.4% during the assessment period. Paint additives are chemicals added to paints for improving specific properties such as mildew resistance, good flow, and leveling. It can improve the production and storing properties of paints. The global paint additives market report by Market Research Future (MRFR) comprises trends, opportunities, drivers, and challenges with a look at value and volume for the period of 2021 to 2030 (forecast period).

Eminent Firms:
Some of the prominent players operating in the Paint Additive Market are Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd., and others.

Drivers and Restraints:

Massive demand from architectural and industries for paint additives for increasing the luster and performance of paints can drive market demand exponentially. Large infrastructural budget in developing economies for modernizing its current cities can work in favor of the market. ...
... This is evident by the massive demand for powder coatings.

The inclination towards eco-friendly paints can create a plethora of opportunities for the market. Eco-friendly paints contain low to zero VOC content and use sustainable sources for its production. Strict regulations barring its use will lead to rise in eco-friendly paints and preference from end-users. Increasing demand for sustainable solutions in light of regulations can change the expansion strategies of paint manufacturers.

Stringent regulations pertaining to volatile organic compounds (VOCs) can impede market growth.

Industry Trend:

Research and developments in this segment are opening up various avenues that can impact the global plastic coating market during the forecast period. For instance, Hind High Vacuum Co (HHV) in April 2018, developed a new method of vacuum coating with the power to shield electronic devices from Electromagnetic electromagnetic Radiation radiation Interference interference (ERI) in diverse sectors, such as electronics, telecommunications, medical instrument, flat panel displays, sensors, aircraft canopies, and membrane switches.

Also, growing construction activities across the globe are expected to contribute to market revenues. A spurting growth in the automotive and transportation industry is acting as a key driving force for the market growth. Additionally, factors such as the advancements in coating technology, growth in the paints & coatings sectors, and untapped or disuse markets are generating a huge market demand.

Also, Paint Additives make a great choice for wearable light-emitting devices. The ability to power wearable light-emitting devices without bulky energy generators and storage systems remains a major obstacle in the way of incorporating these wearable devices into everyday life. The chemical stability and safety for skin that metal-coated clothing offers make it an excellent choice for wearable materials.

On the other hand, fluctuating prices and the demand-supply gap of the raw materials required for the production of Paint Additives are impeding the growth of the market. Also, stringent regulations pertaining to the Paint Additives production, alongside the highly capital intensive nature of the market is projected to hamper the market increase, barring the entry for new market participants.