Construction Industry Driving Global Paint Additives Market
The latest trend gaining momentum in the market is reportedly increased R&D activities.
The global paint additives market is expected to grow at a compound annual growth rate (CAGR) of 6.12% during the period 2017-2021, according to ”Global Paint Additives Market 2017-2021,” a recent report from Research and Markets. According to the report, one of the major drivers for this market is the rising demand from the construction industry. The growing construction industry is expected to drive the demand for paint additives owing to the use in coatings for protecting various materials under extreme conditions.
The latest trend gaining momentum in the market is reportedly increased R&D activities. Major paint additive players have increased their R&D spending to reduce manufacturing and operation cost of paint additives. According to the report, innovation and product extension to provide products with better efficiency and enhanced properties are a growing trend in this market.