Friday, 15 February 2019

Aerospace Foam Market Hit USD 8.66 billion by 2025: Grand View Research, Inc.

15-February-2019: The global aerospace foam market size is expected to reach USD 8.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 6.1% over the forecast period. Aerospace is one of the most attractive destinations for polymer foam manufacturers. Strong demand for next-generation commercial aircraft owing to the growing passenger traffic, especially in Asia Pacific and Middle East and Africa, is expected to drive the demand for polymer foam.

Plastics, Polymers & Resins

According to the International Air Transport Association (IATA), the global passenger traffic is likely to grow at an annual compounded rate of 3.6% from 2016 to 2036 and reach 7.8 billion passengers by 2036. This is expected to result in higher production of commercial aircraft to meet the rise in passenger traffic.

Stringent regulations imposed by various government bodies to reduce CO2 emissions are driving growth of lightweight materials in aerospace applications. These regulations are forcing Original Equipment Manufacturers (OEMs) to seek alternatives to heavy metals to reduce the emissions and to increase fuel efficiency. This factor is anticipated to drive the demand for foam over the forecast period.

The aerospace and defense industry is increasingly making use of lightweight materials in an attempt to improve cost-efficiency and environmental performance of aircraft. Light-weight materials used in aircraft interiors, where fires are most likely to happen, must adhere to strict fire safety requirements certified for commercial airline structures.

For instance, the Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities, such as the National Qualifications Authority (NQA), International Traffic in Arms Regulations (ITAR), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures.

Specialty high-performance materials are required to be used in the aerospace industry, where high strength and resistance is desirable. Polymethacrylimide foam, specialty high-performance material, is preferred in aviation applications on account of its rigidity, high compressive strength, and suitability to standard pre-preg production cycles.

In depth research report on Aerospace Foam Market

Further key findings from the report suggest:

·       Polyetherimide foam is estimated to be one of the fastest growing types of aerospace foam over the forecast period

·       Commercial aviation was the largest application segment in 2017 and accounted for over 46% of global market share in terms of revenue

·       Polyurethane foam is the largest polymer type segment which is forecasted to attain a market share of over 38% by 2025

·       Some of the key players operating in the aerospace foam market are Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc.

Grand View Research has segmented the global aerospace foam market on the basis of basis of type, application and region:

Aerospace Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Polyurethane

·       Polyethylene

·       Melamine

·       Metal

·       Polyimide

·       PET

·       PVC

·       Specialty High Performance

·       Polymethacrylimide (PMI)

·       Polyetherimide (PEI)

·       Polyethersulfone (PES)

·       Polysulfone (PSU)

·       Polyphenylsulfone (PPSU)

·       PVDF

Aerospace Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       General Aviation

·       Commercial Aviation

·       Military Aircraft

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Tuesday, 12 February 2019

Industrial Water Treatment Chemicals Market Hit USD 18.3 billion by 2025: Grand View Research, Inc.

13-February-2019: The global industrial water treatment chemicals market size is expected to reach USD 18.3 billion by 2025 at a 4.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for water desalination systems owing to a scarcity of fresh water is a key factor driving industry growth.

In desalination plants, excess salts and other minerals are removed from water through membrane-based or thermal-based technologies, thereby rendering it fit for industrial consumption. Reverse osmosis (RO) and distillation are methods used for seawater desalination, while electrodialysis and RO are used to desalt brackish water.

Industrial Water Treatment Chemicals Market


The industrial water treatment chemical industry is anticipated to benefit from high number of regulations established by regulatory authorities across Europe and North America. As consumers are highly price-sensitive regarding installation cost of wastewater treatment plants, companies are involved in offering discounts and price reductions in a bid to attract more consumers.

Furthermore, development of advanced technology products and solutions by major companies in the market is expected to boost market growth over the forecast period. Rising investments in R&D of new products in the region is also expected to drive the market over the next few years.

Demand for water desalination in Asia Pacific, especially in countries such as India and Australia, is anticipated to witness high growth over the forecast period owing to increasing population, rising water scarcity, and reduced RO plant prices as compared to prices 10 years ago.

In India, rising groundwater contamination by industries is prompting state governments to impose restrictions on groundwater utilization. This factor, coupled with reduced prices of setting up plants, is anticipated to provide incentives for building new water desalination units over the forecast years.

Several countries in the Middle East are focusing on developing scalable infrastructure and efficient technologies to meet demand for potable water from the Gulf Sea and the Arabian Sea. Countries such as Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman use thermal-based technologies to desalinate water and manage water scarcity issues.

In depth research report on Industrial Water Treatment Chemicals Market

Further key findings from the report suggest:

·       Cooling & boilers dominated the global industrial water treatment chemicals market by application with an overall volume share of over 56.0% in 2017

·       In terms of revenue, the effluent water treatment segment is projected to ascend at a CAGR of 4.4% over the forecast period

·       The water desalination segment in North America is expected to exhibit strong growth over the forecast period on account of variable and relatively warm climatic conditions, thereby stimulating interest in desalination and boosting demand for water resources

·       The industry is characterized by strategic alliances, product developments and innovation, equity investments in several other projects, and capital expansions by players

·       Some of the key companies in the industry are Kemira Oyj; BASF SE; Suez S.A.; Ecolab Incorporated; Cortec Corporation; BWA Water Additives; The Dow Chemical Company; Solvay S.A.; Buckman Laboratories International Inc.; and AkzoNobel N.V.

Grand View Research has segmented the global industrial water treatment chemicals market on the basis of application and region:

Industrial Water Treatment Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Raw Water Treatment

·       Water Desalination

·       Cooling & Boilers

·       Effluent Water Treatment

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Monday, 4 February 2019

Polylactic Acid (PLA) Market Hit USD 4.25 billion by 2025: Grand View Research, Inc.

5-February-2019: The global polylactic acid (PLA) market size is expected to reach USD 4.25 billion by 2025, according to a new report by Grand View Research, Inc., registering a 20.6% CAGR during the forecast period. Wide utilization of the product in various industries including packaging, agriculture, transport, electronics, and textiles in emerging economies such as China, India, and Indonesia are is a key factor driving industry growth.


Polylactic Acid (PLA) Market

Polylactic acid is used to produce engineering plastics and microwaveable containers, including food containers and disposable cutlery. Several beneficial properties, such as better aesthetic appeal, good resistance to oil and grease, and better printability, have resulted in significant use of PLA for manufacturing food packaging products.

The transport sector is likely to witness a steady decline in prices of automotive parts on account of increasing use of PLA in car interiors such as dashboards, seats, and bumpers, as it has the ability to reduce weight and increase toughness. The overall rising production of bioplastics and their increasing penetration in various applications in order to reduce greenhouse gases and decrease the dependence on petroleum sources is projected to have a positive impact on the polylactic acid market.

PLA packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. It has become an essential part of green packaging of various food products, which will help in improving its growth prospects over the forecast period. Growing usage of bioplastics in flexible packaging is expected to fuel industry expansion.

In depth research report on Polylactic Acid (PLA) Market

Further key findings from the report suggest:

·       The packaging application dominated the overall polylactic acid (PLA) market with a volume-based industry share of 35.71% in 2017; by revenue, the segment is anticipated to account for a share of over 35.0% the same year

·       PLA has a high bio-based content and is biodegradable or compostable in nature. Emerging bioplastic applications, coupled with favorable regulations toward the use of bio-based materials, are expected to give an impetus to the global PLA market over the forecast period

·       The North America PLA market is expected to be driven by growing demand for bioplastics and addition of new manufacturing facilities. Additionally, the regional market is characterized by high demand for sustainability, which has resulted in a quest for sustainability in packaging as well

·       The overall bioplastics demand in North America is also expected to be spurred by initiatives for promoting environment-friendly products by the U.S. Department of Agriculture

·       The global industry is characterized by accreditation of the product, mergers and acquisitions, distribution and branding, and product development and innovation to improve the market share of manufacturers

·       Some of the key companies present in the industry are BASF SE, Danimer Scientific, Futerro, NatureWorks LLC, Synbra Technology BV, Hitachi Ltd., Sulzer Ltd., Zhejiang Hisun Biomaterials Co., Ltd., Thyssenkrupp AG, and Teijin Ltd.

Grand View Research has segmented the global polylactic acid (PLA) market on the basis of product and region:

Polylactic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Packaging

·       Agriculture

·       Transport

·       Electronics

·       Textiles

·       Others

Browse more research reports of this category:

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Tuesday, 15 January 2019

High Demand for Clean Drinking Water Technology can Surge UV Disinfection Equipment Market Growth over Next Few Years

16-January-2019: According to a report by Grand View Research, Inc., global ultraviolet (UV) disinfection equipment market is anticipated to value USD 6.42 billion by 2022. Growing requirement for clean and safe drinking water attributed to rising pollution and reducing freshwater resources is anticipated to propel demand for UV disinfection equipment. These equipment are likely to offer low environmental impacts and easy installation as compared to conventional chemical disinfection methods. Commercially these equipment are expected to be available in various specifications such as capacities and sizes depending upon their application.

Ultraviolet (UV) Disinfection Equipment Market


High demand for clean drinking water among consumers attributed to growing health concerns and awareness regarding benefits of technology can surge market growth over next few years.

Rising investments by governments across the globe to promote advanced water treatment technologies can fuel growth of market. Continual technological advancements in UV disinfection equipment by manufacturing companies in terms of design, efficiency, and installation can influence growth of market. Stringent government regulations imposed on wastewater recycling from industrial, commercial, and residential buildings can foster market growth over the forecast period (2012 to 2022).

Presence of low-cost alternative disinfection methods including ultrasonic treatment, chemical disinfection, and ozonation can hamper growth of market. However, growing adoption of UV disinfection equipment owing to its useful characteristics such as corrosion resistance, low environmental impact, and high efficiency can create lucrative opportunities of growth of market. 
 
The ultraviolet (UV) disinfection equipment market can be segregated on the basis of application and region. Based on application, the market can be categorized into air treatment, wastewater treatment, water treatment, process water treatment, and surface disinfection. In 2016, water treatment segment dominated the market and accounted for largest market share. In addition, wastewater treatment segment accounted for market share equivalent to USD 442.2 million. Rapid growth of textile, chemical, and oil & gas sectors in emerging economies is expected to generate large quantities of wastewater. Rising investments in wastewater treatment by public and private bodies globally can drive growth of market.

Similarly, air treatment segment is likely to contribute well to market share over the forecast period attributed to growing concerns regarding health and safety among consumers. In addition, growing number of R&D activities to control airborne diseases such as Ebola and swine flu can create new opportunities for product over next few years.

Regional segmentation includes Europe, North America, Asia Pacific, and rest of the world. In 2016, North America dominated the market and accounted for 40.5% of global market share. Increasing use of technology in water & wastewater treatment and food & beverage sectors can fuel growth of market in the region. Environmental protection agency (EPA) in United States (U.S.) is predicted to favor use of these equipment. This in turn, can spur growth of market in the region over next few years. In addition, favorable government policies for water and wastewater treatment can boost market growth. Moreover, high prevalence of major manufacturing companies in the region including Aquionics Inc.; Xylem Inc., Atlantic Ultraviolet Corporation; and Calgon Carbon Corporation can fuel growth of market in this region.

Similarly in Asia Pacific, the market is expected to witness fast growth at CAGR of 25.3% over the forecast period. Rapid population growth in India and China with declining fresh water resources attributed to unusual rainfalls is expected to account for shortage of water in the region. This, in turn, can surge demand for using UV disinfection equipment in water and wastewater treatment. In addition, growing industrialization in these countries are expected to result in air and water pollution, which can adversely affect rainfalls and purity of natural water resources. High demand for hygienic drinkable water among consumers can influence growth of market over next few years.

Some of the leading companies offering ultraviolet (UV) disinfection equipment are Trojan Technologies; Severn Trent Services; Xylem Inc.; Atlantic Ultraviolet Corporation; and Calgon Carbon Corporation. Most companies are expected to adopt business strategies such as development of advanced equipment and mergers & acquisitions to expand their product portfolio and gain traction among consumers.

In-Depth Research Report On Ultraviolet (UV) Disinfection Equipment Market:
https://www.grandviewresearch.com/industry-analysis/ultraviolet-uv-disinfection-equipment-market

Wednesday, 9 January 2019

Textiles Market is Predicted to value USD 193.16 billion by 2022: Grand View Research, Inc.

10-January-2019: According to a report by Grand View Research, Inc.; the global textile market is predicted to value USD 193.16 billion by 2022. Textile is a flexible material formed using several processes including knitting, weaving, crocheting, or felting. It is used to manufacture a wide range of conventional and advanced finished goods used in kitchen, clothing, apparel, fashion, construction, bedding, transportation, and medical. High demand from these industries is the primary driver for the global market.


Textiles Market

Growing population, urbanization, and disposable income in emerging economies such as India, China, and Mexico are expected to improve consumer lifestyle. This, in turn, can augment market growth during the forecast period (2014 to 2025). Growing awareness regarding protective equipment in manufacturing owing to stringent regulations aimed at worker safety can positively influence growth of market.

Increasing number of fashion retail outlets in emerging economies such as India and China attributed to support from local governments to promote investments can spur market expansion over the forecast period. Continual technological advancements in upholstery products derived from coated fabrics can also stimulate market growth in near future.

The global textile market can be segregated on the basis of raw material, product, application, and region. Based on raw material, the market can be categorized into chemical, cotton, wool, silk, and others. In 2015, cotton was most used raw material for production of textiles and accounted for around 39.5% market share in the same year. Properties such as high strength, excellent absorbency, and color retention can positively influence demand in the forthcoming years.

On the other hand, silk is expected to witness a CAGR of 4.6% from 2016 to 2025. Growing use of spider silk in formulation of industrial textile attributed to excellent toughness and lightweight as compared to steel is the predominant driver for this segment.

Based on product, the market for textiles can be classified into polyesters, nylon, natural-fibers, and others. In 2015, natural fibers segment accounted for 45.6% of overall market share in terms of volume. It is likely to grow well over the forecast period. High market visibility of cotton derived products in garments and apparels sector can fuel demand in near future.

On the contrary, nylon segment is estimated to register a CAGR of 4.5% from 2016 to 2025. Properties of nylon such as high resilience, low moisture absorbency, and excellent elasticity are anticipated to bode well for product demand over the forecast period.

Based on application, the market is divided into technical, household, fashion and clothing, and others. In 2015, fashion and clothing segment dominated the market and accounted for a revenue share equivalent to USD 607.6 billion. It is expected to expand at a substantial CAGR during the forecast period.

New product launches by garment manufacturers including Tommy Hilfiger and Levis in Canada and United States can impel market expansion. In addition, rising sales volume of footwear and apparels through e-commerce portals like Amazon is expected to spur market development in near future.

Household application accounted for 9.6% of overall market share in terms of volume. Properties such as stain-repellent texture, wear and tear resistance, and ability to give soft and comfortable finishing to fabric surfaces is anticipated to impel product demand.

Regional segmentation includes Asia Pacific, Europe, North America, Central and South America, and Middle East and Africa. In 2015, Asia Pacific consumed 99,005.9 kilo tons of textiles and is predicted to witness significant growth over the forecast period. Positive outlook towards garments and apparel industry in India and China can fuel regional expansion in near future. In addition, favorable government policies to promote investments in manufacturing sector can further boost market growth.

Similarly, North America is likely to register a CAGR of 2.7% from 2016 to 2025 attributed to rising production of automotive vehicles in United States. Rising number of single family houses is expected to further augment regional market growth over the forecast period.

Middle East and Africa is predicted to expand at CAGR of 3.6% in the forthcoming years. Growing investments by Islamic clothing manufacturers to produce new hijab styles in apparels can propel regional demand for textiles during the forecast period.

Some of the leading companies operating in textiles market are Asahi Kasei Fibers Corporation, INVISTA, Shandong Jining Ruyi Woolen Textile Co., Ltd., Honeywell International, and Sinopec Yizheng Chemical Fiber Company.

In-Depth Research Report On Textiles Market:
https://www.grandviewresearch.com/industry-analysis/textile-market

Friday, 4 January 2019

Polyamide in Electronic Protection Device (EPD) Market Will Grow Due to Technological Advancements

4-January-2019: According to a report by Grand View Research, Inc., global polyamide in electronic protection device (EPD) market is anticipated to value USD 90.18 billion by 2025. Growing requirement for environment-friendly and cost-effective material to manufacture smart grids is anticipated to propel demand for polyamide in electronic protection device. Polyamide is likely to offer effective properties such as high abrasion and heat resistance making it preferable among manufacturers of EPDs over other thermoset materials.


Polyamide in Electronic Protection Device (EPD) Market

Continual technological advancements related to infrastructure in developing economies owing to rapid industrialization can influence growth of market. Rising use of electronic appliances coupled with high repair cost attributed to short circuits can augment market growth over next few years. Growing adoption of polyamide in electrical, construction, and electronic sector owing to its properties and performance advantages can stimulate growth of market. High demand for polyamides in electrical switches and gear segments can spur growth of market. Advancements in polyamide grades to use it in electrical protection devices is expected to impel market growth during the forecast period (2014 to 2025).

Availability of cheap substitutes for polyamides is likely to restrict growth of market over next few years. 

The polyamide in electronic protection device market can be segregated on the basis of product, device, and region. Based on product, the market can be categorized into PA 6, PA 66, PA 4,6, high temperature polyamide, and polyphthalamide (PPA). In 2016, PA6 dominated the market and accounted for largest market share. However, superior properties of PA66 over PA6 are expected to fuel product demand over the forecast period. In thermally and mechanically stressed moldings, PA66 is anticipated to emerge as preferred grade of polyamide attributed to strong dielectric resistance. In addition, continual development of polymer technology is likely to widen application scope of PA66. This, in turn, can drive product segment during the forecast period. 

Based on device, the market can be classified into MCB, MCCB, Relays, Contactors, and Terminal Blocks. In 2016, MCB segment dominated the market and accounted for largest market share. Followed by MCB, MCCB accounted for 33% of overall market share in terms of volume in 2016. The segment is expected to grow at similar pace over the forecast period. Unprecedented regulatory pressure imposed by several regulatory bodies to improve product in terms of safety and performance can augment growth of this segment. Sizes of MCCB and MCB are expected to be reduced in recent years to get better functioning and cost optimization. Reduction in product cost is likely to support manufacturers to sustain in this competitive market. Hence, challenge for manufacturers is to improve performance of polyamides of all grades to support housing preferences for gears and switches.

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In 2016, Asia Pacific dominated the market and accounted for largest market share. The region recorded consumption of 38 kilo tons of polyamide in the year to manufacture electronic devices. Supportive regulations coupled with availability of skilled and economical workforce is expected to influence growth of market. Initiatives by local governments to define lucrative FDI regulations is likely to attract major players and shift their manufacturing plants to countries such as India, China, and Indonesia. In addition, availability of raw material at economical prices attributed to increased capacity utilization can augment growth of market in the region.

On the contrary, Europe accounted for market share of 16% in 2016 in terms of both volume and revenue. The market is expected to witness positive growth over the forecast period attributed to ongoing industrial evolution and rising urbanization.  

Some of the leading companies offering polyamide in electronic protection device are Royal DSM, EMS Chemie Holding AG, Huntsman Corporation, Ascend Performance Materials LLC, and Lanxess AG. At production level, market is expected to witness acquisitions and mergers. Low production cost can prompt polyamide manufacturers to backward integration across value chain to expand their business in North America, Asia Pacific, and Europe. In addition, manufacturers are likely to produce nylon resins and caprolactam to integrate themselves across value chain.

In-Depth Research Report On Polyamide in Electronic Protection Device (EPD) Market:
https://www.grandviewresearch.com/industry-analysis/polyamide-in-electronic-protection-device-epd-market

Wednesday, 2 January 2019

Paint Additives Market Hit USD 10.9 billion by 2025: Grand View Research, inc.

2-January-2019: According to a report published by Grand View Research, Inc.; the paint additives market is likely to reach a valuation of around USD 10.9 billion by 2025.

Applications in industries including marine, aerospace, oil and gas, furniture, machinery, and automotive, and cookware and household can propel the market during the forecast period (2014 to 2025). In addition, increasing use of paints and coatings in automotive and construction due to supportive solvent properties is likely to support the market growth in the coming years.


Paint Additives Market

Growing demand for bio-based products and sustainable solutions like changes in regulations are likely to boost the use of these products in many sectors. In addition, development of low and no-VOC coatings is boosting the market growth. Manufacturers are increasingly inclined toward making eco-friendly paint with no volatile organic compound due to increasing consumers preference for green paints due to implementation of strict regulatory policies. This is expected to create more opportunities in the market. In addition, supportive changes in government rules and additive standards, particularly concerning homecare and personal care products can have positive impact on the market.

Paint additives market can be segmented on the basis of product, application, and region. Based on product, the market can be bifurcated into biocides, rheology modifiers, wetting and dispersion agents, anti-foamers, and others.

In 2016, rheology modifiers segment estimated for the largest revenue of 28%. Rheological additives are vital constituents used in inks, coatings, and paints to regulate and adjust the properties and characteristics of liquid products. These modifiers decrease dripping and splattering of liquid products during application.

As per application, the market can be split into architectural, wood and furniture, industrial, automotive, and others. In 2016, the architectural application segment accounted for the largest market share of 38.1% of total revenue. It is expected to gain highest CAGR of 7.1% during 2017 to 2025 due to rise in construction activities across the world, especially in emerging countries from Central and South America and Asia Pacific. Architectural coatings are used in houses and buildings as wall paints, roof coatings, and deck finishers. Additionally, increasing demand for green coatings in interiors is likely to drive the product demand during the forecast period. Increasing construction of new homes and renovation projects in the U.S and other countries is likely to propel the demand for these coatings. Increasing demand for premium, high-quality, and specialty coatings for interior and exterior projects can significantly increase the demand for these coatings over the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

Europe and the U.S are some of the mature markets. In 2016, Asia Pacific dominated the market and expected to continue its dominance during the forecast period. The region is expected to grow with a CAGR of 6.9% during 2017 to 2025 on account of flourishing marine, construction, and automotive industries. Growing sales of coupled with rising expenditure for construction in emerging countries in this region is expected to positively drive the market over the forecast period.

Increasing demand for these products in commercial and residential construction sector and expansion of automotive sector in emerging economies including Malaysia, China, and India are likely to boost the market over the forecast period. Increasing disposable income along with improving standards of living has resulted into high purchase of vehicles in this region. This is expected to increase demand for automotive coatings during the forecast period.

Prominent companies operating in the market include Ashland Global Holdings Inc.; AkzoNobel N.V.; BASF SE; Arkema S.A.; and Evonik Industries. Manufacturers have increased their production capacities in order to complete requirement from several industries. Companies are also following strategies like mergers and acquisitions to improve their product range and expand there presence globally. Increasing demand for eco-friendly paints and coatings have encouraged manufacturers to make to make high investments in R&D activities to develop products to comply domestic as well as international norms.

In-Depth Research Report On Paint Additives Market:
https://www.grandviewresearch.com/industry-analysis/paint-additives-market