Tag: Powder

After Sun Care Products Market Size Worth $2.81 Billion By 2025

The global after sun care products market size is estimated to reach USD 2.81 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.1% during the forecast period. Rising product penetration in personal and skincare applications globally is likely to act as a key growth stimulant over the forecast period.

Growing awareness regarding the importance of sun care products and post UV exposure products for complete skin repair is one of the key factors influencing the demand for after-sun products across the globe.

Lotion dominated the product market, mainly on account of multiple benefits offered and versatility of the product. Lotions are available for all skin types, climatic conditions, consumer preferences, and most importantly, at reasonable prices. Gel-based products and sprays are gaining popularity among seasonal users on account of ease of handling, application and reapplication, and better absorption by the skin.

The global after sun care products industry is anticipated to witness the highest revenue growth in the Asia Pacific, at a CAGR of 4.3% over the forecast years. Major industry players, including L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, and Unilver Plc, are engaged in the manufacture, marketing, packaging, and distribution of after sun care products, globally.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/after-sun-care-products-market

Further key findings from the report suggest:

  • The after sun care products market recorded a valuation of USD 2.23 million in 2017 and is projected to rise at a CAGR of 3.1% over the forecast period. Growing product popularity among the youth population across the globe is poised to benefit the overall growth
  • After sun cream market was valued at USD 516.9 million in 2017 and is expected to witness steady growth over the forecast period, on account of burgeoning demand for light oil-based skin repair cream for face & body for deep nourishment and healing of sunburnt skin
  • The after sun gel segment is estimated to post a CAGR of 3.3% from 2018 to 2025. Widespread use of aloe-vera based gel formulation for instant relief from skin irritation and skin-soothing & hydration are key factors driving product demand
  • Europe dominated the global market for after sun care products in terms of revenue. The region was valued at USD 666.6 million in 2017 and is projected to witness significant growth in the near future on account of the rising incidence of skin cancer and other skin disorders in the U.K., France, Belgium, and the Netherlands, among others.
  • Some of the key strategies adopted by industry participants are mergers & acquisitions and integration across the value chain in order to strengthen their product portfolios and global distribution networks.

Sports Supplement Market Worth $43.3 Billion By 2025

The global sports supplement market size is anticipated to reach USD 43.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.2% over the forecast period. Increasing number of health clubs and fitness centers and urbanization are the key driving factors in the market. Some of the important trends observed in the market are growing demand for caffeine-free products and increasing investment by the companies in product development.

Demand for supplements has increased globally due to growing health concerns. Moreover, the need for sports supplements has been increasing from the past few years. Earlier athletics and sports activities were limited to teenage and young people. However, from the last few years, it has been observed that participation of children in such activities has been increasing. Parents are also supporting their children to participate in sports events to promote their overall development, thereby encouraging the growth of the market.

Protein powder is the largest product segment in the market and expected to generate a revenue of around USD 29.68 billion by 2025. Protein-based powders are one of the most common sports supplements with 1,174 brand variants and a total of 411 brands captured by Lumina Intelligence. This product category also attracted the most customer reviews, with a global total of 1.62 million and an average of 940 reviews per product.

Protein bar is expected to witness rapid growth over the forecast period, registering a CAGR of 10.3%. Shifting consumer inclination towards fruit and nut bars is expected to increase the product demand in the foreseeable future.Common supplements to increase an athlete’s energy are Guarana, Vitamin, Asian ginseng, B12, and Caffeine. Caffeine, one of the favorite energy drinks, can be found in different forms such as tablets or capsules, pills, and in common beverages like tea and coffee.

The online distribution channel is expected to witness significant growth in the market. In 2018, North America was the leading revenue contributor in the market, accounting for 34.8% share of the overall revenue. Increasing number of health and fitness centers and gyms, growing health awareness, and changing consumer preferences for protein products are some of the primary reasons for the market growth in the region.

Asia Pacific is anticipated to emerge as the fastest growing regional market and exhibit a CAGR of 12.4% during the forecast period. This is attributed to growing health and fitness awareness, rising disposable income, and increasing number of global retailers in the region.

Some of the key players operating in the market are Glanbia Plc.; Plethico Pharmaceuticals Limited; GNC Holdings, Inc.; Universal Nutritio; and NBTY. Other key players in the market are Scitec Nutrition, Creative Edge Nutrition, Enervit S.p.A., Herbalife Ltd., and MaxiNutrition.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sports-supplement-market

Further key findings from the study suggest:

  • In terms of revenue, the powder product segment dominated the global market in 2018 and is projected to expand at a CAGR of 11.7% over the forecast period
  • North America dominated the global market in 2018 and constituted more than 34.0% share of the overall revenue. This trend is projected to resume over the next few years
  • The industry is highly competitive due to the presence of key players including Glanbia Plc.; Plethico Pharmaceuticals Limited; GNC Holdings, Inc.; Universal Nutrition; and NBTY
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Matcha Tea Market Size Worth $2.26 Billion by 2025

The global matcha tea market size is expected to reach USD 2.26 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.7% during the forecast period. Factors such as increasing awareness regarding consumption of natural and organic products and rising popularity of healthy beverages are anticipated to fuel the growth.

Growing popularity of matcha tea on account of its antioxidant content, fat burning properties, and the ability to improve focus and energy is anticipated to drive the market growth. Matcha tea has a unique amino acid called L-Theanine which induces calmness. It also contains vitamins A, C, E, K, and B and minerals such as selenium, chromium, zinc and magnesium. It also contains high amount of dietary fibers and 137 times more antioxidants than regular green tea which makes it a complete health drink. The product promotes detoxification, weight loss, gastrointestinal functioning, cardiovascular health, and prevention from eye disorders and diseases like cancer. Awareness regarding these advantages are projected to fuel the demand for matcha tea over the forecast period.

Asia Pacific held the largest market share in 2018 and is anticipated to continue its dominance in the forthcoming years, due to the presence of prominent tea consuming cultures such as China and Japan. Matcha tea is obtained from shade-grown tencha leaves largely cultivated in Japan on account of the country’s distinct soil and environment, especially in Kyoto and Nishio. Cultivation of premium product under extreme conditions and through vigilant processing impute to the high price of the product. Increasing popularity in North America and Europe is anticipated to further fuel the market growth.

Prominent market players focus on product innovation to derive the most out of the market. For instance, in November 2018, Starbucks Coffee Company launched a new Osaka Meccha Matcha Frappuccino with an extra matcha punch. Furthermore, in March 2018, Matchaah, Inc., introduced carbonated matcha tea beverages, especially for non-tea drinkers incorporating fruity flavors namely, Lime Mint, Mango, Raspberry, Pineapple, Coconut, and others. In April 2019, Laird Superfood introduced Matcha InstaFuel. The product is produced by mixing premium matcha powder with Laird Superfood Original Creamer to gain a range of natural antioxidants, vitamin C, iron, calcium, and other nutrients.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/matcha-tea-market

Further key findings from the report suggest:

  • Instant premix product segment is projected to ascend at the fastest CAGR of 5.1% over the forecast years
  • Classic grade held the leading market share of over 56.9% in 2018
  • North America led the global matcha tea market in 2018 with a revenue share of 25.4% and is projected to continue leading in near future
  • The market is highly competitive in nature with the presence of main players including Tenzo Tea, Inc.; aiya-THE TEA; Nestlé; Tata Global Beverages Ltd.; Unilever; ITO EN, LTD.; Marukyu-Koyamaen; and Encha

Quillaia Extract Market Size Worth $1.05 Billion By 2025

The global quillaia extracts market size is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% over the forecast period. Increasing consumption of natural ingredients, changing food habits, and wide range of applications of the product in industries such as food and beverage, medical, and personal care among others are anticipated to drive the growth.

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Quillaia extract is largely used for manufacturing cream soda, cider, puddings, baked goods, and frozen dairy products among other food and beverages. The extract is used in different quantities in different products. For instance, in carbonated beverages, the concentration of quillaia extract is upto 200mg/kg wherein in noncarbonated drinks, it is used upto 500mg/kg. Food and beverage held the largest market share of 36.45% in 2018, owing to the rising demand for foam stabilizing agents. The product is water soluble foaming compound that helps maintain temperature, taste, and shelf stability, which drive the application.

Increasing demand for organic and natural skincare products is anticipated to bode well for the quillaia extract market. One of the market players, Desert King offers different types of quillaia extract, namely, Andean Pure Quillaia, Andean Q Ultra, Andean Q Ultra Organic, Andean QDP Ultra Organic, Andean QE, and Andean QD for cosmetic application.

Liquid quillaia product type is anticipated to expand at a CAGR of 5.3% over the forecast period. The liquid extract is smooth and textureless making it suitable for curries and sauces. It is widely used as a foaming agent in soft drinks such as ginger beer, root beer, and cream soda, and in cocktails among other drinks. It has sweet and pungent smell and turns into foam upon shaking, hence it finds application in personal care application. For instance, Puracy, uses liquid quillaia extract in its natural conditioners, shampoos, and skin care products.

Asia Pacific held the largest market share of over 32% in 2018, due to high product consumption in Australia and New Zealand. According to a report by the Bureau of Chemical Safety, the mean quillaia extract intake in Australia was 2.3mg/kg per day and 1.1 mg/kg per day in New Zealand. The quillaia extract is also known as China bark extract, as the quillaia trees are native to China. The product is widely used in food products like soy sauce. High demand for organic and natural cosmetics in India, China, and Japan will boost the regional growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/quillaia-extracts-market

Further key findings from the report suggest:

  • Food and beverage segment held the largest market share of 36.45% in 2018 and is anticipated to continue leading during the forecast period
  • Liquid product type is anticipated to expand at a CAGR of 5.4% over the forecast period
  • Asia Pacific held the largest share of the global quillaia extract market in 2018
  • Leading market players are Garuda International, Naturex, Ingredion, Stan Chem International, Desert King, Baja Yucca, and Chile Botanics among others

Agar Agar Gum Market Size Worth $345 Million By 2025

The global agar-agar gum market size is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

Does the term ‘agar-agar gum’ ring a bell for you? If it does not, well, in the near future, it definitely will. It is a gelatinous polysaccharide used in food products that is well-known amongst the vegetarian and vegan crowd, as shifting lifestyle choices across the globe has prompted various substitutes for animal-based items such as gelatin in the food industry. Gelatin, once highly popular and a crucial ingredient for baked goods, desserts, confectionaries and similar items, is now considered by many as “non-vegetarian” since it is derived from animal sources. This has pushed the demand of agar-agar gum, its ‘vegetarian substitute’, in many regions.

Of Great Nutritional Value

Agar is actually composed of two substances, namely agarose and agaropectin. The gum is derived from seaweed, extracted and processed under stringent conditions to produce powders, squares or strips which can be utilized directly in cooking or baking applications. The best thing about agar-agar gum is that it is colorless, flavorless and odorless, which eliminates requirement for any processing, and it is sold in the form of dehydrated flake or powder, and helps in attaining a “thick” texture, from custards to soups. Another feature of this product is that it is high in fiber, iron and calcium, while being devoid of fats.

The major difference between agar-agar gum and gelatin is that unlike the latter, agar-agar sets more firmly, maintaining its furnace even at high temperatures. Many of the dairy products need a firm gel structure, and this is where agar-agar comes into the picture. The gel helps in maintaining the shape and consistency of the products, thus preserving optical freshness. Even at lower concentration levels of 0.04%, the gel can provide stability and thickness to the food items without any technical assistance. The gel strength of agar-agar is also significantly higher, when compared to gelatin.

Agar-agar gum is synonymous with health benefits, and it is no wonder that the food industry has recognized its potential and moved quickly to integrate it in different products.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/global-agar-agar-gum-market

Further key findings from the report suggest:

  • Agar-agar gum contains 80% fiber, minimal amount of carbohydrates, and no fats, which translates to very low calorie count.
  • Due to its high fiber content, it is used as a laxative as it moves rapidly in the digestive system.
  • Agar-agar gum has been incorporated in traditional eastern medicines for treating diabetes and constipation.
  • The product is rich in minerals such as potassium, magnesium and folate, and is ideal for weight loss plans, being used in Japan as such.
  • Consumer preference has started shifting towards animal-free products, and with gelatin being derived from animal sources, consumers have naturally moved away from it towards vegetarian substitutes.
  • The global population has steadily become health-conscious, which has led to the popularity of dairy-based products in consumer diet, again factoring in the growth of the agar-agar gum market.
  • The activity of seaweed harvesting and collection has been a major source of income to the rural fishing population of Spain, Portugal, Morocco, and Chile, among others, especially to the female demographic.
  • Major technological advancements have been made in this industry, such as metal scrapers, which ensure that large quantities of seaweed can be extracted with minimum effort.
  • New and improved techniques for pre-treatment, cleaning, dewatering, and filtration and gelation have been introduced, which has propelled the agar-agar gum industry.
  • With vegan and vegetarian diets now governing a significant number of households, creative cooking methods have taken a hold of the market. Textured foods and foamed products have also proved critical for market growth of the product.
  • Key companies in the industry include TIC Gums, AEP Colloids, Meron Group, Myeong Shin Agar, Marine Science Co., Ltd, Agarmex, Orient Resources Company, B&V, Titan Biotech Ltd, AgarGel, Central Drug House (P) Ltd., Agar Swallow, Agar Corporation, Ltd., AsionsChem, Indoalgas and Able Sales Company. These organizations are actively investing in R&D and supply chain management to improve their existing portfolio and boost the properties of agar-agar gums.

Dry Shampoo Market Size Worth $5.2 Billion By 2025

The global dry shampoo market size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. The market is driven by consumer awareness regarding changing beauty and personal lifetsyle, especially in the hair care applications. Moreover, drastic change in the purchasing power of consumers in developing countries such as China and India is anticipated to drive the demand over the forecast period.

Demand for premium products among the personal care category is leading to a rise in sales of natural and organic ingredients used in the industry. Growing middle class population and rising disposable income are driving the demand for shampoo products over the forecast period.

Number of product launches is increasing in the beauty and lifestyle segment due to demand for the anti-aging products in industry. Moreover, the impact of e-commerce channels, social media advertisements, and a number of beauty specialist retailers provide a lucrative opportunity for growth of shampoo products in the market.

Demand for shampoo products is anticipated to rise in North America due to growing consumer awareness regarding personal and hair care products, along with growing product launches in market. Moreover, growing product demand is expected to increase the sales in the hair and skin care sector in Asia Pacific over the forecast period. For instance, the hair care market in Asia Pacific is expected to reach USD 32.8 billion by 2022, expanding at a CAGR of 6.1% over the forecast period.

Growing consumer awareness regarding personal care products in market, along with impact of leading players such as Procter and Gamble; L’Oreal SA; Avon Products Inc., will fuel its demand in the market. Companies are involved in product launches and expansion of their geographical reach so as to gain a major share in the market.

The dry shampoo market is recognized by a few initiatives such as mergers and acquisitions, online sales, limited extension, and developments, endeavored by the key players in the business such as Unilever; Procter & Gamble Company; Church & Dwight Co, Inc.; Shiseido Company Ltd.; New Avon LLC; L’Oreal SA; Henkel AG & Company; KGaA; The Estee Lauder Companies Inc.; Kao Corporation; and Coty Inc.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dry-shampoo-market

Further key findings from the study suggest:

  • By form, powder is projected to ascend at a CAGR of 8.3% over the forecast period
  • The women application segment dominated the market with an overall share of 58.5% in 2018
  • North America dominated the global dry shampoo market in 2018, accounting for 38.6% share of the overall revenue. This trend is projected to continue over the next few years
  • Growing personal care industry on account of changing lifestyle mainly in developed countries is further expected to propel the market growth in North America
  • The market in Asia Pacific is anticipated to witness growth due to increasing disposable income in India, South Korea, China, and Japan
  • The industry is highly competitive in nature with the main players including Unilever, Procter & Gamble Company, Church & Dwight Co, Inc., Shiseido Company Ltd., New Avon LLC, L’Oreal SA, Henkel AG & Company, and KGaA
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

SEA Construction Coatings Market Size Worth $6.65 Billion By 2025

SEA construction coatings market is projected to reach USD 6.65 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand from end-use industries is likely to be a major factor triggering the market over the forecast period.

Water borne segment accounted for a major volume share in SEA market in 2016. The growing infrastructure development in economies including Indonesia, Thailand, Philippines, and Vietnam is likely to drive the demand for the product over the forecast period. Powder coatings are expected to witness significant growth, in terms of revenue, from 2017 to 2025.

Increasing government investments in construction is anticipated to drive the market over the forecast period. Increasing use of construction coatings for waterproofing and protective application is likely to propel product demand further.

Most market leaders in the region are integrated throughout the value chain. This provides the companies with an advantage in the procurement of raw materials to the manufacturing of the finished product thus maintaining the economies-of-scale to the optimum level. For instance, BASF has been serving various industries through its integration across the value chain. The company develops, manufactures, and distributes a comprehensive range of raw materials and end products.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/south-east-asia-construction-coatings-market

Further key findings from the report suggest:

  • Residential segment is likely to register a CAGR of 5.0% from 2017 to 2025, in terms of volume, on account of increasing consumer awareness toward the product for use in various residential applications
  • Powder coatings segment is expected to produce a CAGR of 7.1% from 2017 to 2025, in terms of revenue, on account of its superior properties, such as durability, high resistance to corrosion, and cost-effectiveness, over traditional paints
  • Philippines is likely to display the fastest CAGR of 6.1%, in terms of revenue, over the forecast period. The growing infrastructure industry in the country is likely to focus on transportation, communication social infrastructure, and manufacturing.
  • Indonesia accounted the largest revenue share of 23.2% in 2016. The country is likely to make public investment worth USD 29 billion to add 13 airports, 710 km of railway lines, 10,198 meters of bridges, 836 km of highway, and 61 seaports to boost its infrastructure network in 2017. This, in turn, is likely to propel the demand for the product over the forecast period.
  • In terms of revenue, Vietnam construction coatings industry is projected to register a CAGR of 6.9% over the forecast period. Government investments in infrastructure, economic recovery, and residential construction are expected to drive the demand.
  • Market players are adopting mergers & acquisition strategies. For instance, in July 2017, AkzoNobel acquired UK-based Flexcrete Technologies Ltd. to strengthen its position in industrial coatings business.

Bouillon Market Size Worth $9.6 Billion By 2025

The global bouillon market size is expected to reach USD 9.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Growing demand for easy to make, ready to eat, and packed health food, along with growing working women population, is expected to increase the demand for bouillon products in the coming years. In addition, increase in disposable income and changing lifestyle of the people is anticipated to increase the market demand.

Usage of cube products is increasing in North America and Europe on account of continuous product innovation according to the customer behavior and preferences. In addition, growing economic independence of the women is increasing the consumption of packed and processed food products in the developed countries. Bouillons constituting all the major materials, which are a good source of vitamins, minerals, nutrition, and protein, serve as a prominent replacement for home cooked food. Therefore, this evolution in the working population is anticipated to significantly influence the market demand in future.

Continuous use of iodized salt and flavor enhancer (Disodium Inosinate, Monosodium Glutamate, and Disodium Guanylate) in cube bouillon products is expected to act as a restraining factor in the global market. High consumption of these products can lead to several health issues like increased level of blood sugar, blood pressure, and obesity.

However, continuous development of new products by companies such as Nestle S.A. and launch of new bouillon powder seasoning in Maggi and new bouillon cube product by BOU, Inc. are expected to influence the buying preferences of the younger population across the globe. Moreover, Nestle is investing in countries of West Africa including Benin and Togo to introduce new Maggi bouillon products. The market leaders are focusing on developing new flavors and products in order to gain a major share in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bouillon-market

Further key findings from the study suggest:

  • By form, cube is projected to ascend at a CAGR of 4.3% from 2019 to 2025
  • The meat product segment dominated the bouillon market with 52.4% share of the overall revenue in 2018 due to the high protein and fiber content in meat as compared to vegetables and fish
  • The offline distribution channel dominated the market with a share of more than 74.0% in 2018 as most of the products are purchased through supermarkets/hypermarkets and convenience stores
  • Europe dominated the global market in 2018 with 48.2% share of the total revenue on account of high preference for the product in U.K., Germany, and France, which is attributed to its health benefits and easy to cook factor
  • Key market players include Nestle S.A.; International Dehydrated Foods, Inc.; The Unilever Group; McCormick & Company, Incorporated; The Kraft Heinz Company; Hormel Foods Corporation; Henningsen Foods, Inc.; Southern Mills, Inc.; Proliver Bvba; and Goya Foods, Inc.Cube, Liquid, Powder

Cocoa Beans Market Size Worth $16.32 Billion By 2025

The global cocoa beans market size is expected to reach USD 16.32 billion by 2025 registering a CAGR of 7.3%, according to a new report by Grand View Research, Inc. Growing popularity of cocoa beans as polyphenolic functional ingredient on account of their health benefits, such as reduced inflammation and risk of Cardiovascular Diseases (CVDs), better blood circulation, and improved cholesterol levels, is projected to remain a favorable factor. Furthermore, increasing usage of organic personal care products due to their long-lasting skin care benefits is expected to boost the demand for cocoa beans in the cosmetics sector, thereby driving the global market.

Increasing usage of cocoa butter as functional ingredient in the formulation of chocolates is also expected to be one of the key factors augmenting market growth. In addition, new product launches in premium categories including dark chocolate by major confectionery firms like Mondelēz International, Inc. is projected to expand the application scope of the product, thereby supporting market growth. On the other hand, pharmaceuticals are expected to remain the fastest-growing application segment with a CAGR of 8.1% from 2019 to 2025.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cocoa-beans-market

Further key findings from the study suggest:

  • Europe is expected to be the second fastest-growing regional market with a CAGR of 7.9% from 2019 to 2025
  • Positive outlook towards confectionery industry in countries including Germany, U.K., and France on account of higher consumption of chocolate (more than 5 kg per annum) is expected to have a positive impact on the region’s growth
  • Online channels generated a revenue of USD 1.93 billion in 2018 and is projected to be the fastest-growing distribution channel segment from 2019 to 2025
  • Rising popularity of e-commerce portals, such as Amazon and Chocolate Alchemy, due to increasing number of smartphone users is the key factor driving the cocoa beans market growth
  • Key companies include The Hershey Company; Cargill, Inc.; The Barry Callebaut Group; Puratos Group; Blommer Chocolate Company; Cemoi; Meiji Holdings Company; United Cocoa Processor, Inc.; and Jindal Cocoa
  • Manufacturers are targeting to achieve optimum business growth by implementing innovative strategies including new product development and significant investments in R&D

Americas Coating Additives Market Worth $2.35 Billion By 2024

The Americas coating additives market is expected to reach USD 2.35 billion by 2024, according to a new report by Grand View Research, Inc. The American architectural industry has witnessed significant growth in the past few years and is expected to continue in the near future. The automobile industry is also anticipated to join the league with comparatively less influence on product demand over the next eight years. Industries including the oil and gas, marine, industrial processing, and wood & furniture in the region are also expected to add to the market value in the near future.

Water borne additives had the highest market penetration while accounting for over 49% of the total demand in 2015. Increasing infrastructure spending, particularly in the residential & commercial sectors is anticipated to steer product demand over the next few years. The favorable regulatory scenario in the region coupled with shifting consumer preference towards low-VOC content in paints and coatings may be attributed to the high growth in the segment.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/americas-coating-additives-market

Further key findings from the report suggest:

  • The Americas coating additives market demand was 348.6 kilo tons in 2015 and is anticipated to grow at a CAGR of 3.8% from 2016 to 2024 to reach a net volume exceeding 480 kilo tons by 2024
  • Waterborne flow additives are expected to account for over 17% of the regional revenue by 2024. Growing demand for easy flow and leveling over wooden and plastic surfaces is anticipated to drive the segment growth over the next eight years.
  • Solvent borne defoaming agents demand in Brazil is anticipated to grow at a CAGR of over 3% over the forecast period. Increasing demand for deaerating automotive, industrial, wood, and furniture coatings is expected steer product demand over the next few years.
  • Matting agents demand in Canada was 1.46 kilo tons in 2015. Surging demand for gloss effect and enhanced durability of decorative applications is expected to enhance product consumption in the region.
  • Product demand for architecture segment in Mexico is expected to generate revenue exceeding USD 80 million by 2024. Collaborations with various designers from Brazil, Italy, and the UK for developing creative infrastructure models for residential and commercial sectors, which in turn, is anticipated to drive market growth in the region.
  • The Americas coating additives market comprises a large number of integrated companies having immense experience in the industry and large client base globally. Some of the leading players include AkzoNobel NV, Ashland, Elementis Plc, The Lubrizol Corporation, The Eastman Chemical Company, and BYK-Chemie GmbH.