The global coating additives market is expected to expand at single-digit CAGR and will surpass a valuation of US$ 8,851 Mn over the forecast period (2017-2022). A significant growth has been observed in the use of coatings additives in painting of surfaces that are exposed to external issues such as decaying caused by chemicals, abrasion, biocides and high temperature.
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Drivers and Trends in Market
Recently, construction and building sectors has witnessed exponential growth, simultaneously positively impacting on the coating additives sales. Increasing awareness among consumers about significance of using high-quality paint material for houses and buildings is boosting the demand for different types of coating additives. Additionally, introduction of more efficient and advanced coating additives has resulted in greater usage of product in the automobile industry. Latest variants of coatings additives provide superior functionality in keeping the exterior paint work of cars at finest condition for prolonged duration.
Further, coating additives have gained traction in the production of several aviation, furniture and wood products and industrial engineering. However, rising concerns over risk associated with VOC found in coating additives will remain key deterrent for the growth of market. This is resulting in promoting manufacturers to do extra efforts in improving environmental-friendly coating additives like bio-based or water-borne. Introduction of such coating additives will create new market opportunities in near future. These factors are expected to shape dynamics of the market over the forecast period.
Market Analysis on the basis of Segmentation
The solvent based segment, by formulation is likely to maintain its top position in 2017 and further. This segment is currently securing over half of revenue share of the global market. Additionally, the solvent based segment is anticipated to reach valuation more than US$ 4,950 Mn through 2022-end.
Acrylic segment, by product type is likely to retain its dominance over the forecast period, registering a revenue share of more than one-fourth of the global market. This segment is anticipated to surpass a valuation worth US$ 2,400 Mn, witnessing expansion at steady CAGR throughout the forecast period.
The rheology modification segment, on the basis of application type is likely to remain most lucrative during the assessment period. In terms of revenues, this segment currently holds nearly one-third share of the market, and anticipated to increase at single-digit CAGR during 2017 to 2022.
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Europe to Remain Most Lucrative Region
Geographically, Europe is likely to remain dominant region in global coating additives market. The coating additives market in this region is estimated to ride on an impressive CAGR and generate nearly US$ 1,800 Mn by the end of forecast period. This growth is due to influx of emigrants in the country, which is causing huge demand for construction supplies including coating and paint additives for relief shelters and housing. Moreover, coating additives market in Asia Pacific excluding Japan and North America are estimated to expand at steady growth rate throughout the forecast period. However, market in APEJ region is likely to showcase fast CAGR.
Leading companies functioning in the global coating additives market include Solvay SA, BASF SE, Ashland Global Holdings, Inc., Arkema SA., Momentive Performance Materials, Inc., Lonza Group AG, Arch Chemicals, Akzo Nobel NV, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, and Evonik Industries AG.
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The automotive refinish coating market is the major part of the automotive market and has been observed considerable expansion in the previous decade. The growth of the market is attributed to swift expansion in ownership of vehicle which in turn resulting in increased accidental rate. High government rules and regulations related to volatile organic compounds are likely to further exhibit robust single-digit CAGR during 2017-2022.
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Analysis of Market Based on Segments
- Polyurethane consists of maximal potential in market for automotive refinish coatings and is projected to procure share at the expenditure of other resign type segment by the end of 2017. By the end of 2022, the polyurethane is estimated to reach more than US$ 4.5 Bn. In the polyurethane segment, the North America is anticipated to remain most lucrative region in the market. Based on resin type, alkyd is projected to hold second position however, it is projected to lose shares of the market in the medium term. The alkyd segment in the Europe along with the North America is forecasted to surpass billion dollars by the end of assessment period.
- By vehicle type, light commercial vehicles as well as heavy commercial vehicles are projected to secure comparative same share of the market throughout the forecast period. However, both the segments are projected to lose market share points, while relatively steeper drop is likely to be experienced by the heavy commercial segment. Further, the segment is poised to expand at low CAGR of single-digit through 2022. It is advised to major stakeholders in the market to take into consideration while devising its strategies.
- The battle in between mid-sized and compact passenger cars for supremacy in the market with final inching ahead. A total dollar opening of over US$ 855 Mn occurs in the mid-sized passengers cars are usually preferred in the North America as well as Europe owing to such counties are well-developed as well as the consumers are less sensitive for price compared than its counterparts in developing countries. Though, if any market player is planning to enter into compact passenger car segment, the report advices to concentrate over APEJ region as it exhibits highest CAGR throughout the assessment period.
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- In terms of revenue the primer segment secure share of almost one-third of the market by coating structure as well as it is poised to secure substantial market share during the forecast period. The primer market in North America is estimated to contribute one-third share to the market during the assessment period and is projected to secure value of more than US$ 1.2 Bn by the end of 2022.
Competitive Landscape
The leading players operating in the market have been profiled in the report, which includes BASF SE, The Sherwin-Williams Company, KCC Corporation, Nippon Paint Holdings Co Ltd, Akzo Nobel NV, PPG Industries, DowDuPont Inc., Axalta Coating Systems Ltd., Kansai Paint Co., and 3M Company. The report reveals that these leading market players will have large contribution in the growth of the market throughout the forecast period. Key strategies of these players and their long-term vision is also included in the report.
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The research report included company profiles of top manufacturers, their data, deals income, revenue share, deal volume, and purchaser volume is equally specified.
It also contains forecasts using a suitable set of expectations and approaches.
The report determines with the profiles of foremost players in the global.
The major market players are estimated on various factors such as company overview, product selection, and revenue of ‘Global Airbeds Market’.
‘Global Airbeds Market’ Report covers market appearances, size and progress, segmentation, provincial collapses, competitive background, market shares, tendencies and strategies for this market.
Significant financial deals which have molded the market in the previous years are recognized.
Global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.
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Geographically, North America has been the largest market for medical aesthetics, with the U.S. being the largest contributor to the regional market. North America is considered as the platform for innovation in aesthetics procedures, since a majority of established and upcoming market players are either headquartered or have a significant geographical presence in the region. The emerging economies of Asia-Pacific, especially China and India, are expected to grow tremendously in future, which will make Asia-Pacific the second largest market in the coming years. Asia-Pacific is expected to outpace Europe in in terms of medical aesthetics market size by 2020.
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There have been many technological innovations and advancements taking place in the medical aesthetics market. The latest advancements in the laser technology have led to an increased number of its applications in medical aesthetics. These advancements in laser provide benefits such as, small incisions, decrease in the intensity of pain and fast recovery after the procedure. There has been a notable increase in the application of laser technology for various aesthetic treatments, such as hair removal, skin rejuvenation and body contouring, which is bolstering the global medical aesthetics market.
Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc. and Lumenis Ltd.
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Global Dental Imaging Equipment Market to Grow at a Moderate CAGR of 6.8%
Attributed to surge in cosmetic surgeries for dental globally is a factor that has significantly contributed towards demand for the dental imaging equipment. The global dental imaging equipment market is expected to register a moderate CAGR of 6.8% over the forecast period, 2024.
Market Dynamics: Growing instances of dental ailments such as tooth decay, dry mouth and gingivitis in regions such as North America, Asia Pacific and Europe will further impact market growth of the dental imaging equipment positively. In addition, growing awareness regarding dental hygiene is a significant factor that is boosting demand for advanced dental imaging equipment.
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However, less lifetime of accessories that find application in such equipment and lack of skilled professionals are factors that inhibit growth and expansion of the dental imaging equipment globally.
Global Dental Imaging Equipment Market to Grow at a Moderate CAGR of 6.8
Extraoral X-ray system among various types of products will retain dominance in the dental imaging equipment market. Whereas, the cone-beam computed tomography (CBCT) imaging product will grow rapidly in terms of revenue and reached US$ 395.7 Mn in 2016.
Outpatient surgery centres and dental clinics will witness relatively high adoption of dental imaging equipment in the span of next eight years. The independent dental clinics will grow exponentially in terms of market revenue and contribute US$ 1.4 Bn in the market globally in coming years. Moreover, hospitals and forensic laboratories will also be significant end-users of dental imaging equipment due to surgical and pathological use of the devices.
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Regional Analysis
Due to surge in adoption of CBCT imaging products in the U.S, North America will be a major market for dental imaging equipment globally. However, in 2016, APEJ and Europe collectively accounted for over 40% of the revenue share.
Vendor Insights
Market players operating in the dental imaging market globally are Planmeca Oy, Acteon Group, Danaher Corporation, VAtech Co. Ltd., Carestream Health and Dentsply Sirona among other market players. Danaher Corporation will retain its dominance in the global market due to leading product range of innovative CBCT equipment.
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The global graphdiyne market is anticipated to rise at a higher CAGR during the forthcoming period.
Driving factors for graphdiyne market include rising demand from the semiconductor and nanomaterial industry coupled with rise in use for applications such as energy, catalyst, optoelectronics and separation membrane.
Graphdiyne(GDY), a is aunique novel kind of two-dimensional carbon allotrope with sp- and sp2- hybridized carbon atoms.
The design of GDY pertains to that of graphene by bonding with butadiyne linkages to form 18-C hexagons, which enables a large array of system, broader surface spacing, significant chemical stability and optimized semiconductor performance.
Major applications are used across industries such as energy, infrared sensors, LED, optoelectronics and so on.
Geographical segmentation for graphdiyne market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa.
December 10, 2018: Adroit Market Research today published a study on the “Global Exterior Architectural Coatings Market Size 2017 by Resin Type (Acrylic, Polyurethane, Alkyd, Polyester, Epoxy and Others), by Technology (Waterborne and Solventborne), by Product (Primer, Enamel, Emulsions and Others), by Application (Residential and Non-Residential), Region and Forecast 2018 to 2025”.
The global exterior architectural coating market is witnessing rapid technological breakthroughs which have highly impacted the current market trends, competition, forecast and dynamics including drivers, restraints and opportunities.
The report also entails a detailed analysis of the global exterior architectural coating industry, strategies of key industry participants including mergers & acquisitions, Porter’s Five Forces Analysis and value chain analysis for better decision making.
Demand for architectural coatings will be fueled by the healthy growth in residential construction spending, particularly in developing regions.
Emulsions are expected to show high growth, rising with a revenue CAGR of 4.7% during the forecast period (2018 to 2025), owing to its excellent properties such as quick drying, lower cost and ease of use.
Waterborne coatings segment was valued at USD 15.89 billion in 2017 and is expected to maintain its prominence in the years ahead since its non-flammable characteristics improve consumer safety and sustainability by reducing harmful emissions.
