SOURCE: MarketResearch.com

MarketResearch.com

July 06, 2011 10:08 ET

Rheology Modifiers and Biocides to Drive the Paint Additives Market

ROCKVILLE, MD--(Marketwire - Jul 6, 2011) - MarketResearch.com has announced the addition of GBI Research's new report "Paint Additives Market to 2016 - Rheology Modifiers and Biocides to Drive the Market," to their collection of Chemicals market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6428727

Global demand for paint additives has grown steadily over the last decade, increasing from 843,190 tons in 2000 to 1,007,590 tons in 2010. Much of this increase in demand has come from the Asia-Pacific region and this trend is expected to continue in the near future, with Asia-Pacific expected to account for 43.2% of the global demand for paint additives in 2016. The global demand for additives is expected to reach 1,331,700 tons in 2016.

The global paint additives market was dominated by rheology modifiers in 2010, with a demand of 300,850 tons. This was followed by biocides, with a demand of 220,510 tons. The high need for biocides in Asia, due to a strong focus on architectural paints compared to other regions, has made biocides a significant segment in the global paint additives market. The third largest product segment in Asia is surfactants, with a demand of 193,610 tons in 2010. The other two segments, driers and foam control agents, had demands of 145,470 and 147,150 tons, respectively.

In 2010, the global paint additives market catered for a demand of 1,007,590 tons, with Asia-Pacific having the largest share of the demand with 35.4%, followed by North America and Europe with demand shares of 32.1% and 20.7%, respectively. The remaining shares were held by the South and Central American and Middle Eastern and African markets, with 8% and 3.8%, respectively.

China, notable for its fast growing economy, is set to lead the way in the global paint additives market. Already growing faster than the major developed countries, though currently slowed down by the economic recession, China has emerged as the second largest market (after the US) in the global paint additives market. In 2010, it accounted for 40.8% of the total Asia-Pacific paint additives market by volume. It is likely that China will overtake the US in the next decade by growing at a rate of 14.1% by volume. By offering good growth opportunities in the paint additives market, China has become the most attractive and lucrative destination for Western European and North American producers.

The Brazilian paint additives market, marked by its positive growth despite the economic recession, will be a major growth driver for the total South and Central American paint additives market. The stimulus package that has boosted the growth of the construction industry in Brazil is set to drive the demand for paint additives in architectural applications. The volume of paint additives in Brazil is poised to grow at a CAGR of 4.2% during the period 2010-2016, which is higher than the volume growth of markets in neighboring countries.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6428727

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