Coating Auxiliaries Market Analysis (2020-2027)
Coatings auxiliaries serve an important purpose in coating application for optimizing as well as supporting the application of the coating and ensure soft production flow. The products such as primers, mold cleaners, dilutions, and wiping fillers are used as coating auxiliaries. These products exhibit a strength of polyurethane and release agent residues. Coatings auxiliaries are majorly used for the preparation of other coating applications and also to augment adhesion property of coating on the surface. Several manufacturers in the market produce coating auxiliaries like dilutions to attain effective processing viscosity. Majorly, coating auxiliaries find applications in various end-use industries such as textiles, construction & building, and more.
Market Outlook
Global coating auxiliaries market size is projected to expand significantly during the forecast period (2019-2027), owing to growing application of coating auxiliaries in various end-use industries. Growing use of coating auxiliaries in the building & construction industry is expected to increase the demand for coating auxiliaries and thereby drive growth of the market during the forecast period. Growing population around the world and increasing disposable income of individuals are expected to boost the demand for coating auxiliaries and thereby drive growth of the market in the near future. Furthermore, growing use of coating auxiliaries in home furnishing applications is expected to increase its demand and hence boost the market growth during the forecast period. Moreover, increasing demand for coating auxiliaries from textile industries is expected to drive growth of the market in the near future. Textile industry has witnessed significant growth in the recent past, which is expected to support the global coating auxiliaries market during the forecast period.
However, growing environmental concerns regarding high use of these coatings are expected to restrain growth of global coating auxiliaries market during the forecast period.
Market Regional Analysis
Among regions, Asia Pacific is projected to account for the largest market share in global coatings auxiliaries market during the forecast period. This is owing to high growth of construction and textile industries and increasing demand for coating auxiliaries from emerging economies such as India, Japan, and China. Growing demand for high-quality products is expected to drive growth in the market in China. Europe and North America are also expected to witness significant market growth during the forecast period. This is owing to high growth of construction and textile industries in regions. Rest of the world is expected to witness moderate growth during the forecast period.
Market Players
Major manufacturers in the global coating auxiliaries market are Mayday Graphics, Baalbaki, and Bomex Berlac Group
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