The paint and coating thickeners market is expected to grow at a CAGR of 5.2% during the forecast period 2017–2023 owing to the demand from emerging economies and increasing demand from end use industries. The market has many players. The market is dominated by some major key vendors. The market has been analyzed on the basis of type – water based, solvent based and others. The report has also been categorized on the basis of end users – construction and building, packaging, transportation, textile, industrial, and others.
The building & construction segment is leading the market and is expected to grow at a CAGR of 5.4% during the forecast period. The need for efficiency in packaging is growing every day and leading the paint and coating thickeners market demand. Transportation, industrial, and textile are the remaining key segments within the paint and coating thickeners market which accounted for significant market shares.
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Water-based as a type holds the highest market share in paint and coating thickeners market. Water-based paint and coating thickeners is growing at a fast pace and its increased usage is expected to drive the paint and coating thickeners market further in the coming years. Also, the increasing population along with rise in disposable income especially in developing countries is leading the consumers to spend more and thus increasing the market.
Another major factor helping towards the growth of the paint and coating thickeners market is the growing demand for decorative paints and coating for various aesthetic reasons and the rapid growth of construction industry in various regions such as China thus impacting the market positively. Emerging economies like China and India are expected to boost the Asia Pacific market of paint and coating thickeners market.
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The study conducted by Infoholic Research provides drivers, restraints, and opportunities with current and emerging market trends. Further, it covers an in-depth analysis of each product and each type along with forecasting and trends analysis in the global paint and coating thickeners market. Major companies covered in the study include big multinational players such BASF, Clariant, Arkema, Ashland, and DowDuPont, which are offering different paint and coating thickeners.
– Vasundhara Singh,