The US research institute Hexa Reports released a new research report showing that by 2022, the global water-based coating additives market is expected to reach 4.11 billion U.S. dollars, and the output will reach 801,000 tons, with a compound annual growth rate of 5.5%.
Due to people's preference for low-toxicity, low-voc coatings and the increasing requirements of formulation technology for multifunctional additives, it is expected that the water-based coating additives market will develop well in the future. In the very mature North America and European area of architectural coatings, water-based coating consumption has accounted for 90%, replacing most of the solvent-based coatings.
Data show that in 2014, rheology modifiers accounted for 40% of the total water-based coating additives market, becoming the main additives. Rheology modifiers can reduce the surface tension of the formulation system, improve the color and film quality, and improve the wet abrasion resistance, etc., and help to control various rheological properties, such as painting performance, storage stability, and anti-sagging Performance, film-forming properties, etc. The study pointed out that the growth rate of this species was the fastest during 2015-2022, reaching more than 6%.
In addition, the research report also conducted a detailed analysis of other additives. For example, the global wetting and dispersing agent market scale was over 150,000 tons in 2014 and is expected to develop well in the next few years. Research has pointed out that the requirements for anti-flocculation technology for dispersed particles in architectural coatings and industrial wood coatings are getting higher and higher, which has promoted the development of wetting and dispersing agents.
Hydroxyethyl cellulose (HEC) is the most commonly used rheology modifier in water-based coating formulations. Data show that in 2014 this variety accounted for 28% of the total adjuvant market. In the next few years, the hydrophobic HEC modified rheological agent is expected to become the species with the highest growth rate, with a compound annual growth rate of 7.5%.
According to the data, driven by major water-based paint producing countries such as the United Kingdom, Germany, France, and Italy, the European region was the main consumer market for water-based paint additives in 2014, accounting for more than 40% of the global water-based coating additives, and the region`s growth rate will be stable in the next few years.
The Asia-Pacific region will be the fastest growing area in the water-based coating additives market, and the market size in this region will reach US$1.3 billion by 2022. It is worth noting that the booming infrastructure construction in India, Vietnam, Indonesia, Malaysia, and China will boost the growth of demand for architectural coatings, thereby promoting the overall development of the additives market. (From Global Polyurethane Network)
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