Market Report Forecasts 2.5% Annual Growth Rate For Coatings Additives
NORWALK, CT -- The U.S. market for coatings additives is forecast to expand at an average annual rate of 2.5% and reach more than $800 million by 2007, a report from a market research firm concludes.
The report from Business Communications Co. Inc., “Additives for Paint,” estimates total U.S. consumption of coatings additives at $710 million in 2002, with thickeners comprising the largest product group at approximately $209 million, or 29% of the total. Other major market segments were plasticizers, at $96 million; corrosion inhibitors, $85 million; biocides, $60 million; and surfactants, $51 million. Various other additives accounted for $150 million of the total additives market, the report says.