QY Research has published a new report titled, “Japan Paint & Coating Additive Market Insights, Forecast to 2025,” that predicts the future market scenario of the Japan paint and coating additives market. This research report includes competitive landscape, market drivers, trends, restraints, and opportunities. The main objective of the report is to define the segments and evaluate the market size based on the application and product type.
According to this report, the Japan paint and coatings additives market will reach US$411.84 mn by 2025. It is expected to register CAGR of 1% during the forecast period of 2019-2025.
Japan Paint & Coating Additive Market: Drivers and Restraints
The paint and coating additives market will witness robust growth due to shifting focus from solvent-based additives to aqueous additives. Increasing demand from various end-users industries such as furniture, automotive, and construction is likely to propel the growth of the market in the coming years. Growing use of coating additives in the automotive sector due to their exceptional performance in maintaining vehicles exterior paintwork for longer duration is one of the key drivers that is boosting the market growth.
In addition, coating and paint additives are mostly scrutinized by the regulatory bodies and environmentalists because of the rising concerns over harmful volatile organic compounds (VOC) effects. Manufacturers are focusing toward development of eco-friendly, water-borne and bio-based coating additive products, which is further accelerating market growth. Moreover, growing research and development activities will propel the growth of the market over the forecast period.
However, fluctuation in the prices of raw material is creating a negative impact on the growth of the market.
Japan Paint & Coating Additive Market: Segment Analysis
The Japan paint & coating additive market is segmented into product type and application. The product type segment includes adhesion promoting agent, dispersing agent, anti-foam agent, rheology control agent, leveling agent, and others. The application segment consists of industrial, automotive coating, wood coating, architectural coating, and others.
Japan Paint & Coating Additive Market: Key Players
The top players that are operating in the Japan paint & coating additive market are Air Products & Chemicals, BYK, Arkema Group, Evonik Industries, Allnex, Shin-Etsu Silicone, Kusumoto Chemicals, SAN NOPCO, Kyoeisha Chemical, BASF, Clariant, Elementis, DOW, and Michelman Japan LLC.
Japan Paint & Coating Additive Market: Competitive Landscape
Arkema has completed its acquisition with ArrMaz on July 1st, 2019. ArrMaz is a global leader in surfactants for infrastructure, crop nutrition, and mining. The acquisitions of this resilient, profitable, and low capital intensive business that has an accretive impact from the starting of the first year. This is another milestone in Arkema’s growth journey towards, which contributes to further reinforcing the company’s profile. Companies are adopting the acquisition strategy to further gain lucrative opportunities for their business and also remain competitive in this market to gain higher profits.
Full Report Overview@ https://www.qyresearch.com/index/detail/1214058/japan-paint-amp-coating-additive-market