Water Based Acrylates Copolymer Rheology Modifiers Market Share

Water Based Acrylates Copolymer Rheology Modifiers Market Share Analysis

Growing Demand for Rheology Modifiers in Paints & Coatings Understanding why rheology modifiers are becoming more popular in the paints and coatings world is simpler than it sounds. Let's break it down: Top Industry for Rheology Modifiers: Paints & Coatings Rule: More than any other industry, rheology modifiers play a significant role in paints and coatings. In fact, about 29% of the overall market for these modifiers is because of paints and coatings. Why Paints & Coatings are Booming: Big Demand: Worldwide, there's a massive demand for paints and coatings. According to research, around 50 million tons of paints and coatings were used in 2017. Driving Forces: The demand is coming from places like the automotive and construction industries. These sectors are growing, especially in regions like Asia Pacific and mature markets like North America and Europe. Construction and Automotive Impact: Construction Surge: The construction industry, especially in mature markets, is experiencing high growth. Residential construction is a big part of this boost. Automotive Influence: The automotive industry in Asia Pacific is also on the rise, contributing to the overall growth of paints and coatings globally. Growth Predictions: Future Outlook: Experts predict that the global paints and coatings industry will keep expanding, with a Compound Annual Growth Rate (CAGR) of 5.5% until 2018. Link to Rheology Modifiers: Additives Matter: Within the world of paints and coatings, additives are essential. Among them, rheology modifiers stand out, making up more than 30% of the total additives used in paints and coatings in 2016. Direct Connection: As the demand for paints and coatings grows, especially in big industries like construction and automotive, the need for rheology modifiers is expected to rise in sync. In a nutshell, the paints and coatings industry is driving the popularity of rheology modifiers, thanks to booming demand in construction, automotive, and other sectors. As this industry grows, so does the need for rheology modifiers.