The global paint additives market size was estimated at $6.5 billion in 2016. The market is majorly driven by growing demand from industrial and architectural end-use verticals. There has also been an increase in the usage of paints and coatings in the construction as well as the automotive sectors, due to favorable solvent properties.
Increased spending on construction activities and surge in auto sales, especially in emerging countries of Asia Pacific, is expected to fuel demand for paints and coatings, which will have a positive impact on demand for paint additives over the forecast period.
Raw materials form an integral part of this industry and the cost of end products is dependent on the cost of these materials. Regional regulatory activities have a significant impact on raw material prices and availability. Another crucial factor affecting raw materials is the crude oil market. Most raw materials used to manufacture paint additives are derivatives of crude oil, such as epoxies, polyesters, and polyurethanes. These products are used in a variety of applications, including wood and furniture, automotive, industrial, and architecture.
The global paint additives market size was estimated at $6.5 billion in 2016. The market is majorly driven by growing demand from industrial and architectural end-use verticals. There has also been an increase in the usage of paints and coatings in the construction as well as the automotive sectors, due to favorable solvent properties.
Increased spending on construction activities and surge in auto sales, especially in emerging countries of Asia Pacific, is expected to fuel demand for paints and coatings, which will have a positive impact on demand for paint additives over the forecast period.
Raw materials form an integral part of this industry and the cost of end products is dependent on the cost of these materials. Regional regulatory activities have a significant impact on raw material prices and availability. Another crucial factor affecting raw materials is the crude oil market. Most raw materials used to manufacture paint additives are derivatives of crude oil, such as epoxies, polyesters, and polyurethanes. These products are used in a variety of applications, including wood and furniture, automotive, industrial, and architecture.
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