The growth of the market is driven by the increase in demand from emerging markets for conformal coatings and high demand in the automotive & transport and electronics industries.
Market Size – USD 8.27 billion in 2019, Market Growth – CAGR of 5.9%, Market Trends –Rapid industrialization and urbanization in the APAC region.
The global Coating Additives Market is forecast to reach USD 12.74 Billion by 2027, according to a new report by Reports and Data. This can be mainly associated with the increase in demand owing to its properties such as durability, scratch resistance, and glossy look, which are influencing the market growth. Growing popularity among end-users, especially automotive, shipbuilding, and pipeline industries, will also encourage the growth of the market.
The implementation of stringent regulations across several countries, regarding green and solvent-free coating technologies, will lead to a reduced amount of VOC emissions. This will boost the demand for coating additive worldwide. Ongoing research and development efforts and analysis of trends are enabling the research team to improve paint performance and create innovations that stand out in the marketplace. From better hiding, enhanced durability, and stain resistance to low- to no-VOC coatings with reduced environmental impact, binders and additives are increasing performance to meet and exceed end-user demands for coatings.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Coating Additives Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
The water-borne coating is majorly fueled by the growing demand for construction and the emergence of new buildings in both developed and developing countries. Electronics, automotive, and paper printing industry also play a part in boosting the market growth. They are finding a niche as it is quickly becoming an alternative for solvent-based coatings. It is supposed to be safer than solvent-based, which is harmful to the respiratory system.
The architectural coatings segment is on the rise, due to increasing applications, technological advancements, and the growing demand for coatings that makes substance, to which it is applied to make it more durable, boost its weathering performance with dynamic mechanical properties, such as improved corrosion resistance and improved flexibility.
Metal additive coatings separate a structural metal from the environmental corrosion. These types of coatings are used for the protection of steel, aluminum, zinc, and up to a certain extent, cadmium.
The Asia Pacific region accounted for 6.1% of the global coating additive market. Courtesy of increased applications of architectural coatings, rising constructional, and renovation activities in China, increased demand from the furniture market in India are boosting the growth of the market in the region.
Key participants include AkzoNobel N.V., BASF SE, Ashland Inc., Arkema SA, BYK-Chemie GmbH, Evonik Industries AG, Eastman Chemical Company, Lonza Group Ltd., Momentive Performance Materials Inc., and Cabot Corp., among others.
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For the purpose of this study, the global Coating Additives market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Acrylic Coating Additives
- Urethane Coating Additives
- Metallic Coating Additives
- Fluoropolymer Coating Additives
Application Outlook (Revenue, USD Billion; 2017-2027)
- Architectural Application
- Wood & Furniture
- Industrial Application
Function Outlook (Revenue, USD Billion; 2017-2027)
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Coating Additives Market Segmentation & Impact Analysis
4.1. Coating Additives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Rapid expansion in the Asia Pacific
184.108.40.206. Growing demand for multifunctional additives
4.2.3. Market restraints analysis
220.127.116.11. Stringent environmental regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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