Coating Additives Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3462
Coating Additives Market size is likely to garner a significant growth over the forecast timeframe propelled by shift towards from solvent to aqueous additives across the globe. The market value is poised to surge at stable growth rate of 4.5% during the forecast timeframe.
Coating additives are solutions which are induced in paints to enhance their quality and performance. The global coating market may surpass over USD 8.5 million by the end of 2025. These additives advance in wettability, gloss control, anti-chipping and UV protection functions of paint.
Growth in architectural coatings market size may surpass USD 84 billion by 2025 results in increasing demand for coating additives like acrylic which may drive the coating additives market growth. Increasing reconstruction and renovation projects globally may contribute significantly to the increased product demand as they provide mold resistance and formaldehyde free coatings, thereby stimulating the industry growth.
Waterborne coating makes the coatings to be easily applied as they use water medium for solvent dispersion. Waterborne coating market demand was valued at over USD 55 billion in 2018 owing to increasing demand from end use industries such as automotive, construction and other general industries, thereby driving the coating additives market.
The global paint additive market size was estimated at USD 6 Billion in 2018 owing to its promising solvent properties which may increase the product demand in paints and coatings in construction and automotive sector. Producers are paying attention towards advancement of eco-friendly and water borne coating additives which in turn will drive market demand.
Asia Pacific led by, Japan, India, China coating additives market size will mark a rapid growth over the forecast timeframe. Construction market demand has grown 65% over the years and will continue to expand at a significant rate by 2025. Rapid urbanization enhanced the growth of construction industry which may induce demand for paints and additives, as they offer exterior durability, gloss retention, chemical resistance and discoloration at elevated temperatures, thereby driving the regional product growth.
North America coating additives market size driven by the U.S., Canada and Mexico may witness significant growth over the forecast timeframe. Demand for acrylic based coating additives may increase owing to its functions such as thickening of paints and smoothening and leveling of surface defects. Moreover, increasing application demand in industries including automotive sector, construction, furniture industry and some industrial application may drive the regional industry growth.
Europe coating additives market size led by Germany, UK, France and Italy may witness significant gains over the foreseeable timeframe. Growing demand for commercial vehicles in the region may drive the product growth as these additives are used to improve wettability, gloss control, UV resistance and protect from high temperature and abrasion, thereby driving the regional demand.
Middle East led by, Saudi Arabia and UAE coating additives market will witness significant growth in the foreseeable time frame. The growing construction industry in the region was valued at over USD 135 billion in 2018 which may enhance the product demand. The product aids in reducing the splattering and dripping of paint and averts pigment formulation which may increase the product growth.
BASF coating division has expanded its R&D including the addition of advance research laboratory in Bangkok. They are investing in full scale production of coatings in the application of thin film encapsulation for electronic device.
Global coating additives market share is moderately fragmented. Key players include Lubrizol, Cabot, ANGUS, Solvay and Kamin. These corporations are vigorously focusing on the advancement of their product to increase the market demand.
Coating Additives Market, By Type, 2014-2025 (Tons) (USD Million)
- Acrylic Coating Additives
- Metallic Coating Additives
- Fluoropolymer Coating Additives
Coating Additives Market, By Function, 2014-2025 (Tons) (USD Million)
- Wetting & Dispersion
- Rheology Modification
Coating Additives Market, By Formulation, 2014-2025 (Tons) (USD Million)
- Water Borne
- Solvent Borne
Coating Additives Market, By Application, 2014-2025 (Tons) (USD Million)
- Architectural Application
- Industrial Application
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Angus Chemical Company
- Lonza Group Ltd.
- Cabot Corporation
- Daikin Industries Ltd.
- Rhodia SA
- Lubrizol Corporation
- ICL Advanced Additives
- Kamin LLC
- Kenrich Petrochemicals, Inc.
- King Industries, Inc.
- Michelman, Inc
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