Regulations Promote Greater Innovation in European Automotive Paint Additives Market, Finds Frost & Sullivan

Regulations Promote Greater Innovation in European Automotive Paint Additives Market, Finds Frost & Sullivan PR Newswire LONDON, Oct. 2, 2012 - R&D to focus on developing competitively priced, high performance additives that meet legislative requirements LONDON, Oct. 2, 2012 /PRNewswire/ -- The mature European automotive paint additives market is being driven mainly by new technology and product innovation. Sizeable R&D investments are aimed at developing competitively priced, high performance additives that meet legislative requirements. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Strategic Analysis of the European Automotive Paint Additives Market, finds that the market earned revenues of €104.2 million in 2011 and estimates this to reach €159.8 million in 2017. Rheology modifiers, surfactants, foam-control agents, driers and catalysts and preservatives are the product segments covered in the research. Limits on volatile organic chemicals (VOC) content and Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH) have provided opportunities for innovation and ushered new technology trends in the additives industry. Such trends have resulted in the development of novel products like zero-VOC additives, multifunctional additives and self-healing additives.