In many underdeveloped and developed regions, the global paints and coating thickeners market is being fueled by a recovering construction segment and the strong automotive production. For instance, the manufacturers of the paints and thickeners are fueled by the mega trends which majorly involve the increase in the healthy living and digital requirement, smart cities and high concern related to the environment.
Hence, the increasing utilization of the paint and coating thickeners in construction and building applications is propelling the market growth of paint and coating thickeners. The companies are pampered in the several profitable research and development activities to revolutionize and enhance the new products, which can open original paths of applications.
According to the report analysis, ‘Paint and Coating Thickeners Market’ states that there are several key players which are presently functioning in this sector more actively for leading the wildest market growth and dominating the handsome value of market share across the globe in the near future while increasing the investment in the end use segment and increasing the end user activities in the underdeveloped region includes BASF, Clariant, Ashland, DowDuPont, and Arkema. Some of the major customers are Sherwin-Williams, PPG Industries, Axalta Coating systems, AkzoNobel, and RPM International and several others.
The augmenting demand from the end use industries in underdeveloped regions is quickening the growth of paint and coating thickeners. On the other hand, the significant growth in the economies and growing per capita income along with the significant increase in the ultimatum for the packaging is supporting the market. The augmented innovation and research and development programs is assisting in enlargement of paint and coating application areas delivering the additional growth opportunities to the market.
Additionally, the customers and socio-ecological subjects all play an important role in shaping the paints and coatings industry. Sustainability is flattering an important part of the input selection and final product qualities, comprising the renewable raw materials, new environmentally friendly technologies, and accountable manufacturing.
The growing requirement for the paint and coating thickeners from the building and construction, transportation, packaging, and industrial industries is fueling the paint and coating thickeners market across the globe. The Asia Pacific region is accounting the market of paint and coating thickeners during the forecast period followed by the North America and Europe. Paint and coating thickeners is utilized in the several applications. The growth of the end-use industries is prospective to fuel the growth of the market during the forecast period. The companies functioning in the manufacturing of paint and coating thickeners are vigorously participating to augment their product varieties along with enhancements in the supply networks and thus developing their positions in the paint and coating thickeners market.
Furthermore, based on the end user, the market of paint and thickeners is sectored into building and construction, transportation, packaging, textile, industrial and several others. Yet, it is anticipated that the market of paint and thickeners will increase across the globe more positively over the forecasted period with the significant amount of investment by the coming and potential investors.
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Ankur Gupta, Head Marketing & Communications