Additive Suppliers focus on Innovation

JCT Coatingstech Magazine

June 2008

Volume 5, No. 6

Market Update

Page 44-49

Excerpts from… “Additive Suppliers Focus on Innovation for Future Growth”

By Cynthia Challener, JCT Coatingstech Contributing Writer

…The global market for additives used in paints and coatings is estimated to be $4.8-$5.0 billion by the consulting and market research firm, The ChemQuest Group, Inc. This sector is growing slowly overall at 1-2% per year, with most types of additives only experiencing demand increases between –1%. Defoamers, wetting agents, and adhesion promoters show the greatest potential, with growth rates of 4-5%.

“The U.S. and European markets are being flooded with products from other parts of the world,” says Dan Murad, president and CEO of The ChemQuest Group, Inc. Defoamers, surfactants, and flow and leveling aids, in particular, are experiencing increased competition and pricing pressure.

(To read the complete article…and more comments on “Additive Suppliers Focus on Innovation for Future Growth”………see JCT Coatingstech Magazine – June 2008 issue... “Automotive Coatings Issue”).