London, United Kingdom (PressExposure) June 22, 2011 -- Global demand for paint additives has grown steadily over the last decade, increasing from 843,190 tons in 2000 to 1,007,590 tons in 2010. Much of this increase in demand has come from the Asia-Pacific region and this trend is expected to continue in the near future, with Asia-Pacific expected to account for 43.2% of the global demand for paint additives in 2016. The global demand for additives is expected to reach 1,331,700 tons in 2016.
The global paint additives market was dominated by rheology modifiers in 2010, with a demand of 300,850 tons. This was followed by biocides, with a demand of 220,510 tons. The high need for biocides in Asia, due to a strong focus on architectural paints compared to other regions, has made biocides a significant segment in the global paint additives market. The third largest product segment in Asia is surfactants, with a demand of 193,610 tons in 2010. The other two segments, driers and foam control agents, had demands of 145,470 and 147,150 tons, respectively.
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In 2010, the global paint additives market catered for a demand of 1,007,590 tons, with Asia-Pacific having the largest share of the demand with 35.4%, followed by North America and Europe with demand shares of 32.1% and 20.7%, respectively. The remaining shares were held by the South and Central American and Middle Eastern and African markets, with 8% and 3.8%, respectively.
China, notable for its fast growing economy, is set to lead the way in the global paint additives market. Already growing faster than the major developed countries, though currently slowed down by the economic recession, China has emerged as the second largest market (after the US) in the global paint additives market. In 2010, it accounted for 40.8% of the total Asia-Pacific paint additives market by volume. It is likely that China will overtake the US in the next decade by growing at a rate of 14.1% by volume. By offering good growth opportunities in the paint additives market, China has become the most attractive and lucrative destination for Western European and North American producers.
GBI Research's "Paint Additives Market to 2016 - Rheology Modifiers and Biocides to Drive the Market" provides in-depth analysis of the global paint additives market and presents forecasts of both volume and production up to 2016 for the following regions - North America, Europe, Asia Pacific, South and Central America, Middle East and Africa. Additionally, this research study provides volume forecasts for the five major product segments, namely rheology modifiers, biocides, surfactants, driers and foam control agents in the global paint additives market. In addition, it offers insights into two major end-user applications - architectural and industrial - by providing detailed analysis and volume forecasts up to 2016. The pricing analysis for the paint additives market has also been detailed for each of the key countries in the above mentioned regions. Overall, the report presents a comprehensive analysis of the global paint additives market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.
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