Coating Additives Market Analysis

Coating Additives Market Analysis

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Based on product, the coating additives market is segmented as rheology modifiers, dispersing agents, defoamers, wetting agents, adhesion promoters, antimicrobial agents, uv stabilizers, anti-corrosion agents, drying agents, others. Rheology modifiers held a majority market value of USD 3.03 billion in 2022. Demand for thickeners is driven by the need for improved viscosity control in coatings, which enhances application properties and prevents sagging or dripping. Dispersants are essential for achieving uniform pigment dispersion, preventing agglomeration, and improving color consistency in coatings.
 

Based on formulation, the coating additives market is segmented as water-based coatings, solvent-based coatings, powder coatings, high-solids coatings, others. Water-based coatings held a dominant market share of around 40% in 2022. Water-based coatings are favored due to their lower volatile organic compound (VOC) content, making them compliant with stringent environmental regulations. Additives that enhance the performance of water-based coatings are in demand.
 

Based on application, the coating additives market is segmented as Architectural Coatings, Automotive Coatings, Industrial Coatings, Wood Coatings, Packaging Coatings, Marine Coatings, Aerospace Coatings, Others. Architectural Coatings held a dominant market share in 2022 and is anticipated to grow at 5.6% CAGR till 2032. The demand for coating additives is driven by the need to enhance the durability and weather resistance of architectural coatings to protect buildings from harsh environmental conditions.
 

U.S. dominated the North American region with majority coating additives market share and a revenue of USD 5.3 billion in 2022. North America experiences ongoing construction and infrastructure projects, which drive the demand for architectural coatings and additives. Additives that enhance durability and weather resistance are essential for these applications.