Market Dynamics
Asia Pacific Urethane Coating Additives Market Worth $855.0 M by 2018
Time: 2014-06-16 Source from: www.coatingsworld.com
According to a study from MicroMarket Monitor, the Asia Pacific urethanes coating additives market was pegged at $0.6b in 2013, to grow at 6.9 percent annually. It is projected to reach $0.9b by the end of 2018. Asia Pacific Urethanes Coating Additives constitute 41.8% of the global Urethanes Coating Additives market and are poised to grow its market share to 44.9 percent by the end of 2018. It is segmented on the basis of applications and geographies. The urethane coating additives market is mainly driven by the increasing demand from end-user sectors such as construction, bedding & furniture, construction, and automotive paints. These industries, in particular, have witnessed strong growth in the past few years, which is driving manufacturers to increase the production of urethane coating additives. It is expected that the future prospects of the industry would be dominated by additives which reduce the VOC and APEO content in the formulation.