The global demand for Coating Auxillaries Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A coating auxiliary is a substance added to a coating formulation to improve its properties. Coating auxiliaries are important because they can enhance coating performance, make them more durable, and make them easier to apply. These are majorly used for the preparation of other coating applications and augment the adhesion property of coating on the surface. These include primers, mold cleaners, dilutions, and wiping fillers.
Market Dynamics
The increased spending capacity of customers due to rising disposable income is expected to boost the demand for coating auxiliaries and drive market growth. Further, supportive government policies, incentives, and favourable laws are projected to determine the growth of the coating auxiliaries market in the forecast period. The increasing demand for coatings across various industries such as construction, textile, packaging, automobile, and others may contribute to the growth of this market. Moreover, the growing demand for environment-friendly coatings fuels the global coating auxiliaries market growth. However, growing environmental concerns regarding the high use of these coatings are expected to restrain the global coating auxiliaries market growth. On the other hand, the growing use of coating auxiliaries in home furnishing applications is expected to increase its demand and boost market growth during the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of coating auxillaries. The growth and trends of coating auxillaries industry provide a holistic approach to this study.
Market Segmentation
This section of the coating auxillaries market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polyurethane Coating Auxiliaries
- Silicone Based Coating Auxiliaries
By Application
- Construction
- Textile
- Packaging
- Automobile
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Coating Auxillaries market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Coating Auxillaries Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coating auxillaries market include BASF, Dover Chemical, Eastman Chemical, AkzoNobel, Dow Chemical, Lubrizol, Bomix(Berlac Group), Croda International, Evonik Industries, Ashland. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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