The North America Powder-Based Coating Additives Market is Projected to Reach 31.2% by the End of 2018 - A Report by MicroMarket Monitor
(PRWEB) December 24, 2014
The North America powder-based coating additives market report defines and segments the powder-based coating additives market in North America with analysis and forecast of revenue.
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Additives are an important ingredient in the formulation of powder coatings. With the exception of wetting, dispersing and foam-control agents, most of the additives used in liquid coatings are also used in powders. Powder coating is a dry finishing process that has become extremely popular since its introduction in North America over 40 year ago.
North America has stringent environmental laws regarding the formulations of the coatings. For instance, it is required for every manufacturer to formulate a coating which has low odor and VOC. This creates a problem for manufacturers that are active in regions where regulations may deal only with low-odor formulations. With low levels of VOC, problems such as freezing of formulation occur. Thus, additives which that meet the environmental regulations and solve the problem of freezing are better preferred, and powder-based coating additives fulfill both the criterion.
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Powder based coating additives are environment friendly and ensure the proper formation of coating film on the substrate when subjected to external agent. They can also be used in the coating of various products, such as automobile parts, metal equipment, and various hard-to-coat substrates. The advantage of using powder coating lies in its non-emission of VOCs, improved durability, reusability of over-sprayed powder, and low operating and maintenance cost. However, the flammability of the powder is an issue that must be dealt with during the coating process.
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The report on North America powder-based coating additives focuses on the trends in the overall market as well as its various segments. The market size estimations of each segment and the overall market have been provided in the report, which have been arrived at and verified after extensive research.
The report further covers the competitive landscape of the market, elaborating the profiles and strategies of the leading market players. In addition, the report highlights the impact of various factors that will influence the market performance during the forecast period.
Related Reports :
North America Urethanes Coating Additives Market
Urethanes are widely used in paints & coatings due to their important properties such as flexibility and abrasion resistance. They also enhance the color of the coatings, and ensure longevity of the paints & coatings. The growth of the automotive sector in Mexico and the construction segments in the overall region are expected to drive the growth of the North American urethanes coating additives market.
The North American market accounted for a major share of the global urethanes coating additives market in 2013. The North American market segment accounted for a share of 27.1% in the global market in 2013. The North American urethanes coating additives market is projected to grow at CAGR of 5.1% during the forecast period, 2013 to 2018. The U.S. segment recorded the largest revenue in 2013 with $ 311.3 million and is estimated to reach $ 391.4 million by 2018, at a CAGR of 4.7% from 2013 to 2018. In terms of applications, the construction segment recorded the largest revenue in 2013 with $ 132.9 million and is estimated to reach $ 168.9 million by 2018, at a CAGR of 4.9% from 2013 to 2018.
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