South America Coating Additives Market - Segmented by Product Type, End - User Industry and Countries - Trends and Forecasts (2017 - 2022)

South America Coating Additives Market

The market was valued at USD XX billion in 2016 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. Brazil dominated the South American coating additives market demand in 2016.

The role of a coating additive starts right from the formulation of the coating. It plays a very important role in the entire value chain of the coating, which involves a group of interdependent activities performed by various industries. This consists of raw material suppliers, coating additive manufacturers, formulators, and end-user applications, with logistics and supply chain management linking all of them into one group. The feedstock suppliers are the companies which supply the raw materials such as urethanes, fluoropolymers, acrylates, or silicones.

The main drivers for the growth of coating additives market are the growing building & construction and automotive industries. There is a huge demand for coating additives from the building & construction industry due to an increase in demand for better and superior quality surfaces. Residential and commercial buildings are the leading end-users for coating additives and are likely to gain a higher market share in the near future owing to increased construction activities.

The South American coating additives market is witnessing a growth on the account of increasing applications. They are widely being used in coating application in the construction, automobiles, and wood & furniture industries. The typical uses of these additives are to improve wettability, dispersing of solids, foam reduction, gloss control, anti-catering, anti-chipping, flow control, and UV protection, etc. of the coating material. The specific application of coatings may require the protection of coated substrate from chemicals, high temperature, abrasion, impact, moisture, biocides, etc. during the service life of the material.

Market Dynamics of the South American Coating Additives Market:

Drivers:
A rapid economic growth, as well as a rise in the population in South American countries in recent years, resulted in rampant architectural constructions and industrial activities, which created significant demand for paints and additives that, in turn, increased the demand for paint additives. As the paint and coatings industry continues to fall under pressure from environmental regulations, manufacturers of coatings and paints are endlessly reformulating their products. As a result, the demand for novel additives continues to increase, and the growing shift toward water-based paint systems are fueling the demand for paint and coating additives, providing tremendous growth potential for additives suppliers.

Constraints:
The environmental regulations associated with the harmful effects of VOCs are expected to be a major constraint for the coatings additive market. The market is also retarded due to the presence of a lower quality substitute of these additives.

The key market players profiled in the coatings additives market report are:

• AkzoNobel N.V.
• Arkema, Eastman
• BASF SE
• BYK
• Cabot Corporation
• Evonik Industries AG

Key Deliverables in the Study

• Market analysis for the South American coating additives market, with region specific assessments and competition analysis on a regional scale.
• Market definition along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their market share.
• Identification and analysis of the macro and micro factors that affect the South American coating additives market on a regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.