APAC has the major market in paper coating additives among all the regions and is estimated to increase its market with a growing CAGR of 1.1% as the coated paper production in APAC is increasing.
These coatings are used for a variety of purposes which include better stabilization, hygiene and decoration of wood. Main factors owing to the growth of this industry include building and infrastructure, furniture and food packaging industries.
Decorative Coatings are used in different applications. The key user segments include: Automotive/ Aerospace interior and exterior parts, Bathroom equipment, Consumer products, Door handles, Jewelry & watches and others.
Innovative formulations and nanotechnology is anticipated to be an opportunity for the paint additives industry.
APAC is dominating this market with a share of approximately 50% in 2017 and generating revenue $8.91 billion in in 2017.
Antimicrobial is used to describe substances which demonstrate the ability to reduce the presence of microbes, such as bacteria and mould.
The demand for coil coatings is estimated to increment at a healthy CAGR of 5% during the forecast period of 2019 to 2025.
Research paper was published on fluoropolymer coatings improving carbon nanotube transistor device and its circuit performance in Applied physics letters in 2015 by group of research scientists.
BASF inaugurated its new resin and electrocoat plant in Shanghai in August, 2015. This new plant will further strengthen BASFâ€™s local manufacturing footprint in Asia Pacific in automotive coating industry