Acrylic resin coating additives are mainly engineered metal derivates that enhances the performance of the coatings. The product is a thermoplastic material, which is obtained from certain compounds including methacrylic acid. Furthermore, the derivative is usually added to heated plastics to produce a material that is heat and UV resistant. Acrylic resin coating additives are popular for their protective thickening nature.
The rising economic growth in the regions such as, AsiaPacific and Europe are driving the global market. In addition, dramatic shift in the sectors including architecture and continuous economic advancements and rising popularity in the automotive segment have also contributed to the growth of the market. Moreover, VOCs free formulation is held as an important factor that is expected to create major opportunities worldwide.
The acrylic resin coating additives market is segmented based on application and geography. The applications assessed are industrial, automotive, architectural, wood & furniture and others. Regions such as North America, Europe, Asia Pacific and LAMEA are expected to witness rapid growth.
The key market players active in the acrylic resin coating additives market are Byk-Chemie GmbH, BASF SE, The Dow Chemical Company, Arkema S.A., Allnex Belgium SA/NV, Asahi Kasei Corporation, Momentive Spaciality Chemicals, AkzoNobel N.V and Eastman Chemical Company.
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