Global Acrylic Coating Additives Market, By Formulation (Water-Borne, Solvent-Borne, Powder-Based), Function (Anti-Foaming, Wetting and Dispersion, Biocides, Rheology Modification, Impact Modification, Others), Application (Automotive, Architectural Application, Industrial Application, Wood and Furniture, Others), – Industry Trends and Forecast to 2029
Market Analysis and Size
Acrylic coating additives are added to paints to improve their performance and quality to improve dispersion of gloss control, anti-chipping, solids, wetting, foam-reduction, anti-catering, and U.V. protection. Acrylic Coating additives also helps surfaces to deal with biocides, higher temperature, abrasion, moisture and chemical resistance. Such coating additives properties are expected to drive the market overall the globe. Increase in building & construction and automotive industries is anticipated to fuel the growth rate of the market during the forecast period.
Data Bridge Market Research analyses that the acrylic coating additives market was valued at USD 1,160 million in 2021 and is expected to reach USD 1687.91 million by 2029, registering a CAGR of 4.80% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
.Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD million, Volumes in Units, Pricing in USD
Formulation (Water-Borne, Solvent-Borne, Powder-Based), Function (Anti-Foaming, Wetting and Dispersion, Biocides, Rheology Modification, Impact Modification, Others), Application (Automotive, Architectural Application, Industrial Application, Wood and Furniture, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Akzo Nobel N.V. (Netherlands), Ashland. (U.S.), ELEMENTIS PLC (U.K.), Evonik Industries (Germany), Eastman Chemical Company (U.S.), ANGUS Chemical Company (U.S.), Cabot Corporation (U.S.), K-TECH (INDIA) PVT. LTD. (India), The Lubrizol Corporation (U.S.), Byk-Chemie GmbH (Germany), BASF SE (Germany), Dow (U.S.), Arkema (France), Chemicals Mfg. Co., Ltd. (Japan), Meilian Chemical Co., Ltd. (China), Allnex GMBH (Belgium), Asahi Kasei Corporation (Japan), DIC CORPORATION (Japan)
Additives can be mixed with acrylic paints to changes its properties. Unlike acrylic mediums, the additives do not contain any acrylic binder. This means consumer can't mix too much additive with acrylic paint, then you will compromise with its natural adhesive qualities. Acrylic coating additives are levelling and flow compounds which helps to control the surface quality of the substrate or product. Acrylic coating additives improve lubricity and also provides reinforcing properties, non-stick properties and better wear resistance
Acrylic Coating Additives Market Dynamics
- Rise the demand in construction paints
Acrylic Coating additives are used in construction paints to improve the impact of surface effectiveness, resistance and viscosity of substrates. The construction industry's growth is expected to drive the demand for acrylic coatings additives and projected to witness growth during forecast period.
- Increase the demand by several end user industries
Rising demand of acrylic coating additives from numerous application markets, for example furniture, automotive, construction, and other industrial applications. Due to the higher demand through several industries is anticipated to drive the acrylic coating additives market growth rate.
- Rapid growth of both commercial and residential construction
The rapid growth in commercial and residential activities worldwide due to this increase the demand for eco-friendly acrylic coating additives to improve roof and wall installations, while maintaining environmental impact. Thus, strong growth in construction and buildings sector is anticipated to increase acrylic coating additives market during forecast period.
The rising demand for environmentally friendly products and increasing growth of architectural coatings are some of the factors that will likely augment the growth of the acrylic coating additives market in upcoming years. On the other hand, growing construction industry will further increase several opportunities that will lead to the growth of the acrylic coating additives market in the forthcoming period.
Also, companies' investment in R&D is the major trend that is gaining popularity in the acrylic coating additives market. Companies operating in the acrylic coating additives market are investing in R&D sectors and initiatives to develop technologically advanced products to meet demand from several end user industries overall the globe. Furthermore, rise in emerging new markets will also act as market drivers and further boost valuable opportunities for the market's growth rate.
However, fluctuations in the raw material prices due to the fluctuating costs of petrochemical is a major factor which hampers the growth of the global acrylic coating additives market. Furthermore, concerns with emission of harmful volatile organic compounds (VOC) is another reason which is hampering the growth of the global acrylic coating additives market. Also, strict environmental regulation imposed by the government will probably hinder the market growth during the forecast period.
This acrylic coating additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the acrylic coating additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Acrylic Coating Additives Market
COVID-19 is an incomparable global public health emergency that has affected several industries that are projected to impact the growth of acrylic coating additives during the forecast period. The government has imposed strict regulation and lockdowns which decrease the construction activities in both residential and commercial sector which decrease the demand of acrylic coating additive in the market during pandemic. The manufacturing and supply chain have been severely impacted, with a significant drop in output during the pandemic.
Global Acrylic Coating Additives Market Scope
The acrylic coating additives market is segmented on the basis of formulation, function and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Wetting and Dispersion
- Rheology Modification
- Impact Modification
- Architectural Application
- Industrial Application
- Wood and Furniture
Acrylic Coating Additives Market Regional Analysis/Insights
The acrylic coating additives market is analysed and market size insights and trends are provided by country, formulation, function and application as referenced above.
The countries covered in the acrylic coating additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the acrylic coating additives market in terms of revenue during the forecast period. This is due to this region's growing demand for acrylic coating additives. North America region leads the acrylic coating additives market due to the growing demand due to their advanced functions such as thickening and smoothening of paints along with increasing applications in automotive, construction as well as in furniture sector in this region.
During the estimated period, Asia-Pacific is likely to be the fastest developing region due to the rapid urbanizationand rising construction industryn.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape Acrylic Coating Additives Market Share Analysis
The acrylic coating additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to acrylic coating additives market.
Some of the major players operating in the acrylic coating additives market are:
- Akzo Nobel N.V. (Netherlands)
- Ashland. (U.S.)
- ELEMENTIS PLC (U.K.)
- Evonik Industries (Germany)
- Eastman Chemical Company (U.S.)
- ANGUS Chemical Company (U.S.)
- Cabot Corporation (U.S.)
- K-TECH (INDIA) PVT. LTD. (India)
- The Lubrizol Corporation (U.S.)
- Byk-Chemie GmbH (Germany)
- BASF SE (Germany)
- Dow (U.S.)
- Arkema (France)
- Chemicals Mfg. Co., Ltd. (Japan)
- Meilian Chemical Co., Ltd. (China)
- Allnex GMBH (Belgium)
- Asahi Kasei Corporation (Japan)
- DIC CORPORATION (Japan)