The global coating additives market size reached US$ 9.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Coating additives are essential components incorporated into coating materials to enhance product quality and performance. These additives encompass a range of substances, including thickeners, emulsifiers, dispersants, pigments, defoamers, levelling agents, photo-stabilizers, and curing catalysts. Their resilience against high temperatures, moisture, biocides, abrasion, and chemicals enables them to contribute to superior coating durability. By facilitating the dispersion of solids, promoting wetting, reducing foam formation, preventing caking, controlling gloss, and offering protection against chipping and UV damage, coating additives play a vital role in optimizing coating properties.Moreover, coating additives also play a significant role in enhancing the texture and aesthetic appeal of various products. This makes them highly sought-after in industries such as automotive, furniture, and construction, where their application is widespread across the globe.
Coating Additives Market Trends and Drivers:
Currently, the expansion of the construction industry is driving the increased usage of coating additives, which play a vital role in enhancing viscosity and surface effectiveness. This trend serves as a key driver for market growth. Moreover, the market is experiencing a positive impact from the growing adoption of multifunctional additives. Another significant factor contributing to market growth is the escalating demand for environmentally friendly products, aiming to reduce the global carbon footprint. Simultaneously, the market is witnessing a surge in the preference for personalized coatings among individuals worldwide, further fueling its expansion. Additionally, the increasing consumer demand for long-lasting and visually appealing finishing products is a key catalyst for market growth.
Global Coating Additives Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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:
- Acrylic
- Fluoropolymers
- Urethanes
- Metallic Additives
- Others
Breakup by Function:
- Anti-foaming
- Wetting and Dispersion
- Rheology Modification
- Biocides
- Impact Modification
- Others
Breakup by Formulation:
- Water-borne Coating
- Solvent-borne Coating
- Solventless Coating
- Others
Breakup by Application:
- Architectural
- Industrial
- Automotive
- Wood and Furniture
- Others
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
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Comments
0 comment