Coating Additives Market

SKU: DMCH634 | Last Updated On: Sep 12 2022 | Available Formats

> Global Coating Additives Market Expected to reach a high CAGR of 5.0% By 2029: DataM Intelligence.

Global Coating Additives Market is segmented By Type (Defoamers, Dispersion Agents, Rheology Modifiers, Wetting Agents, Others), By Formulation (Water-Borne, Solvent-Borne, Powder Based, Others), By Application (Architectural, Automotive, Industrial, Wood & Furniture, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2022-2029

 

Market Overview

[195 Pages Report] The Global "Coating Additives Market" is expected to grow with a CAGR of 5.0% during the forecast period from (2022-2029).

Coating additives are added to paints and coatings to improve their properties and optimize the production process of paint systems by reducing the problems during the formulation. These additives offer customized solutions for improved pigment wetting, defoaming, air release, substrate wetting, or surface slip.

Metrics

Details

Market CAGR

5.0%

Segments Covered

By Type, By Formulation, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Drivers and Restraints

Increasing applications of coating additives in architectural coatings are the primary driver of the market. The growing residential and commercial construction industry in the world especially in the emerging economies of the Asia-Pacific region is propelling the demand for architectural coatings.

According to Bruce Shaw's report, the global construction output will grow by 85% to USD 15.5 trillion by 2030. The US, China, and India are leading in the construction industry and account for approximately 57% of global growth.

Also, the growing automotive industry in regions such as Asia-Pacific and South America is driving the demand for coating additives.

Over the last decade, the global automotive industry has undergone the most significant transformation. Although North America and Europe are the largest markets in the world, Asia-Pacific automotive sales are gradually increasing and are the primary market expected to see strong growth during the forecast period.

Industry Analysis

The global coating additives market report segments the market by type, formulation, and application. Based on the wording, the market can be segmented as water-borne coatings, solvent-borne coatings, powder-based coatings, and UV Curable Coatings.

Water-borne coating additives hold a larger market share as compared to other types of formulations. The demand for water-borne and powder-based coatings is increasing due to stringent environmental regulations on VOC. However, solvent-based coatings are still used in the Asia-Pacific region, and their usage is decreased in the Europe and North America regions.

The market is further classified based on applications such as architectural coatings, automotive, wood & furniture, industrial, and others. Architectural coatings are the leading application in the coating additives market. The growing commercial and residential construction Asia-Pacific region is driving the demand for coating additives.

Also, increasing automotive sales in Asia-Pacific, especially in Southeast Asian countries, are propelling the demand for coating additives. I

N March 2017, the total sales of new cars in Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines increased 14% to 316,000 vehicles compared to the same period the prior year. The projected strong sales growth of cars in Southeast Asia is resultant of higher incomes and the increasing middle class in the region’s fast-growing economies.

Geographic Share

The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others. Asia-Pacific accounted for the largest market share in 2017 and will be the most lucrative region during the forecast period.

The market for coating additives in the APAC region is mainly driven by the increasing demand in the construction industry from developing countries like China and India. The Indian Construction industry in value terms is expected to record a CAGR of 15.7% to reach USD 738.5 billion by 2022. The sector contributes 55% share in the Steel industry, 15% in the Paint industry, and 30% in the Glass industry.

However, water-borne coating additives have significant growth in North America and Europe. Since most of the countries in these regions are focused on green construction for the last ten years and the trend is expected to continue in the coming years. This will increase the demand for water-borne and powder-based coating additives.

Coating Additives Companies

Evonik Industries AG, BASF SE, DowDupont, AkzoNobel N.V, Clariant AG, BYK Additives, Mo-mentive Performance Materials Inc., Arkema SA, Eastman Chemical Company, Clariant AG, Lubrizol (Berkshire Hathaway), and Ashland Inc.

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