Coating auxillaries are consumed for the purpose of optimizing as well as supporting the application of coatings and release agents to guarantee a smooth production flow. Various products such as wiping fillers and dilutions, primers, cleaners, and mould cleaners belong to this category. These products are ideal for cleaning mould and processing equipment, and exhibit certain industrial advantages such as high release strength of polyurethane (PU) and release agent residues. Coating auxillaries provide an ideal preparation for many coating applications and also enhance the adhesion property of the coatings to the substrate. Manufacturers such as Bomix Chemie GmbH develop dilutions to achieve an effective processing viscosity.
The global market for coating auxiliaries has been witnessing a significant increase due to growth of its application and end user industries. Coating auxillaries are used in various coating applications which are further implemented in industries such as construction and textile. Growing demand from major application market such as textile and home furnishing are anticipated to remain the major growth factors for the market of coating auxillaries. Significant per capita consumption has been witnessed from the textile industry, particularly in emerging economies such as Russia, China, Brazil and India. This factor is expected to result in rising demand for coatings over the forecast period. However, rising environmental concerns regarding the hazards from the consumption of these coatings is expected to result in an unfavorable regulatory landscape which is expected to be a critical challenge for market players, resulting in the slowdown of the coating auxillaries market. In terms of the overall coatings market, polyurethane and silicone based coatings account for the most consumed products where silicone coatings are anticipated to witness the fastest growth over the forecast period primarily due to rising innovation in product...