Global Coating Additives Market, By Type (Acrylic, Fluoropolymers, Urethanes, Metallic Additives, Others), Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Formulation (Water, Solvent, Powder Based), Application (Automotive, Architecture, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
The coating additives market is expected to witness market growth at a rate of 5.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on coating additives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for the various applications is escalating the growth of coating additives market.
Coating additives refer to the kind of solutions that are induced in paints for the purpose of improving their quality and performance. These additives are utilized for the enhancement of product properties and, remove or reduce problems arising during formulating paint systems production processes.
The increase in the demand for environmental-friendly products across the globe acts as one of the major factors driving the growth of coating additives market. The continuous developments in and the expansion of automotive and construction sectors and high use as raw materials to enhance the quality and application of coating formulations accelerate the market growth. The increase in demand for coating additives in various applications including automotive, architectural, and industrial applications, among others further influence the market. Additionally, general awareness among consumers, research and development activities, surge in investments and increase in demand for multifunctional additives positively affect the coating additives market. Furthermore, rise in consumer preference for a durable and aesthetic finish and popularity of customized coatings extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, fluctuations in the raw material prices such as acrylate, silicones, and urethane and stringent environmental regulations are expected to obstruct the market growth. The emission of harmful volatile organic compounds (VOC) is projected to challenge the coating additives market in the forecast period of 2022-2029.
This 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Global Coating Additives Market Scope and Market Size
The coating additives market is segmented on the basis of type, function, formulation and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the coating additives market is segmented into acrylic, fluoropolymers, urethanes, metallic additives and others.
- On the basis of function, the coating additives market is segmented into rheology modifiers, dispersing, wetting agent, impact modifier and anti-foaming.
- On the basis of formulation, the coating additives market is segmented into water, solvent and powder based.
- On the basis of application, the coating additives market is segmented into automotive, architecture and industrial.
Coating Additives Market Country Level Analysis
The coating additives market is analyzed and market size, volume information is provided by country, type, function, formulation and application as referenced above.
The countries covered in the global coating additives market report are the 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, Israel, Egypt, South Africa, 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 coating additives market due to the increased spending capacity mainly on infrastructure within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the growing production units of coating additives in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 and Coating Additives Market Share Analysis
The 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 coating additives market.
Some of the major players operating in the coating additives market report are Croda International Plc, ANGUS Chemical Company, Eastman Chemical Company, Dow, BASF SE, Huntsman International LLC., Formosa Plastics Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, Nizhnekamskneftekhim., Repsol, SABIC, Exxon Mobil Corporation. TPC Group, ZEON Corporation, and Borealis AG., among others.