According to the latest report by IMARC Group, “Global Coating Additives Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027″, the global coating additives market reached a value of US$ 9.31 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.37 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Coating additives are substances added to coating materials in small quantities to enhance or modify specific qualities of the object during its production, storage, transportation, application, etc. They include thickeners, dispersants, pigments, defoamers, leveling agents, emulsifiers, photo-stabilizers, curing catalysts, etc. Coating additives offer optimal surface activity, vapor pressure, solubility parameters, and chemical stability to the coatings. They also provide improved durability, aesthetic appeal, and excellent resistance against corrosion. Consequently, coating additives find extensive applications across the architecture, automotive, and furniture sectors.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Coating Additives Market Trends and Drivers:
The inflating demand for environment-friendly products is primarily driving the coating additives market across the globe. Besides this, the growing usage of raw materials that improve the quality and effectiveness of coating formulations is further catalyzing the market growth.
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Moreover, the expanding requirement for multifunctional additives to augment combustion efficiency and reduce carbon footprints and emissions across industry verticals is acting as another significant growth-inducing factor. In addition to this, the shifting consumer preferences towards durable and aesthetic finishes for objects are also stimulating the global market.
Furthermore, the elevating need for vehicle renovations and aesthetic automotive coatings are bolstering the market growth. In the coming years, the escalating demand for decorative paints and advanced aerospace coatings is expected to fuel the coating additives market across countries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Coating Additives Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Altana AG, Arkema S.A., Ashland Global, BASF SE, Clariant AG, Dow Inc., Eastman Chemical Company, Elementis plc, Evonik Industries AG, Huntsman Corporation, Momentive Performance Materials Inc. and Solvay S.A.
The report has segmented the market on the basis of region, type, function, formulation and application.
Breakup by Type:
- Metallic Additives
Breakup by Function:
- Wetting and Dispersion
- Rheology Modification
- Impact Modification
Breakup by Formulation:
- Water-borne Coating
- Solvent-borne Coating
- Solventless Coating
Breakup by Application:
- Wood and Furniture
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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