San Francisco, Oct. 04, 2016 (GLOBE NEWSWIRE) — The Americas coating additives market is expected to reach USD 2.35 billion by 2024, according to a new report by Grand View Research, Inc. The American architectural industry has witnessed significant growth in the past few years and is expected to continue in the near future. The automobile industry is also anticipated to join the league with comparatively less influence on product demand over the next eight years. Industries including the oil and gas, marine, industrial processing, and wood & furniture in the region are also expected to add to the market value in the near future.
Waterborne additives had the highest market penetration while accounting for over 49% of the total demand in 2015. Increasing infrastructure spending, particularly in the residential & commercial sectors is anticipated to steer product demand over the next few years. The favorable regulatory scenario in the region coupled with shifting consumer preference towards low-VOC content in paints and coatings may be attributed to the high growth in the segment.
Browse full research report with TOC on “Americas Coating Additives Market Analysis By Formulation (Waterborne, Solventborne, Powder), By Function (Rheology Modification, Biocide, Wetting & Dispersion, Antifoaming, Impact Modification, Flow, De-Waxing), By Product (Acrylic, Urethane, Fluoropolymers, Metallic, Alkoxylates), By End-Use (Automotive, Architecture, Industrial, Wood & Furniture) And Segment Forecast To 2024” at: http://www.grandviewresearch.com/industry-analysis/americas-coating-additives-market
Further key findings from the report suggest:
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Grand View Research has segmented the Americas coating additives market on the basis of formulation, function, product, end-use, and region:
Americas Coating Additives Formulation Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
Americas Coating Additives Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
Americas Coating Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
Americas Coating Additives End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
Americas Coating Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
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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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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