Global Paint Additives Market, By Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier and Anti-Foaming), Formulation (Water, Solvent and Powder Based), Application (Architecture, Industrial and Automotive), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Paint Additives Market
Data Bridge Market Research analyses that the paint additives market will witness a CAGR of 7.80% for the forecast period of 2022-2029. Paint additives market report analyses the growth of the market due to increasing rate of population and rapid urbanization in the upcoming economies.
Paint additives are special ingredients that are used to improve the functional performance and quality of paints. These additives improve paint efficiency by modifying viscosity, impact resistance, anti-chipping, foam reduction, and gloss control.
The market is being driven primarily by rising demand from the industrial and architectural end-use verticals. Because of their favourable solvent properties, paints and coatings have seen an increase in use in the construction and automotive industries. Increased construction spending and increase in auto sales, particularly in emerging markets are expected to fuel demand for paints and coatings and will have a positive impact on demand for paint additives over the forecast period. Furthermore, the expansion of the global paint and coating industry has a direct impact on the demand for paint additives. Also, high automobile production and sales across the globe are expected to drive market growth during the forecast period.
Some of the factors acting as restraints in the paint additives market include increasing pressure on manufacturers to provide cost-effective and high-performance products, as well as rising raw material prices. Various manufacturers are heavily investing in developing a cost-effective as well as high-performance product for consumers in order to remain competitive in the market, as various innovations are taking place in the market by key players.
This paint 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 localised 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 paint 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. Product approvals, product launches, geographical expansions, technology
Global Paint Additives Market Scope and Market Size
Paint additives market is segmented on the basis of function, application, and formulation. 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 function, the paint additives market is segmented into rheology modifiers, dispersing, wetting agent, impact modifier and anti-foaming.
- On the basis of formulation, the paint additives market is segmented into water, solvent and powder based.
- On the basis of application, the paint additives market is segmented into architecture, industrial and automotive.
Paint Additives Market Country Level Analysis
The paint additives market is analysed and market size, volume information is provided by country, function, application, and formulation as referenced above.
The countries covered in the paint 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, 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.
Asia-Pacific is expected to be the fastest-growing market during the forecast period. Product demand is expected to be driven by rapid growth in the commercial and residential construction sectors during the forecast period. Product demand is expected to be influenced by the expansion of the automotive industry. Improving living standards, combined with rising disposable income, have resulted in an increase in consumer vehicle purchases, which is expected to fuel the growth of paint additives market over the forecast period.
The country section of the paint additives market 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 Paint Additives Market Share Analysis
The paint 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 paint additives market.
Some of the major players operating in the paint additives market are Dow, Ashland, Arch Chemicals, ANGUS Chemical Company, BYK-Chemie GmbH, Lonza, Daikin Industries, Ltd, PPG Industries, Inc., Sherwin-Williams Co., RPM International Inc., Axalta Coating Systems, The Valspar Corp., Kansai Paint Co. Ltd., Nippon Paint Holdings Co., Behr Process Corp., Benjamin Moore & Co., Ennis-Flint, Cloverdale Paint Inc., Dunn-Edwards Corporation, Quest Specialty Chemicals, Inc. and Vogel Paint, Inc. among others.