New Study Reports Growth in Market for Coating Additives
DUBLIN, Ireland — Rising demand from a multitude of industries is a key factor fueling coating additives sales, and a growing focus on quality is driving demand for coating additives in manufacturing processes. These insights are presented in the latest Fact.MR study, which projects a bullish run for the coating additives market. According to the study, demand for coating additives is likely to reach 1.37 million tons by the end of 2019, up from 1.35 million tons in 2018. The report predicts the coating additives market is poised to expand at a volume CAGR of more than 3.5% over the forecast period of 2018-2027.
According to the report, acrylic-based coating additives will remain the top-selling product type. The popularity of acrylic-based coating additives can be attributed to their ability to enhance product properties and optimize production processes. Urethane and fluoropolymer are the other top-selling additive types.