Global coating additives market is projected to register growth at a formidable rate during the forecast period, 2023-2027. The market growth can be rising adoption of coatings across various end-user industries such as architecture, automobile, industrial, and wood & furniture. Coating additives are special solutions that offer features such as anti-catering, lowering the dispersion of solids, reduce wettability, anti-chipping, gloss control, etc. to paints, which make them shiny and improve their appearance. Besides, growing wood & furniture industry and rapid industrialization are contributing to the rising adoption of coating additives. Additionally, emergence of technologically advanced coatings with improved properties of resin and rising trend of multifunctional additives in the automotive industry are some of the factors supporting the growth of the market. However, increasing concerns with the emissions of the harmful VOCs and high raw material prices such as silicones, acrylates, and urethane might hamper the growth of the global coating additives market in the coming years.
The global coating additives market is segmented on the basis of type, function, formulation, application, and region. Based on type, the market has been categorised into acrylic coating additives, fluoropolymer coating additives, metallic coating additives, urethane coating additives and others. In 2021, the fluoropolymer coating additives segment dominated the market and is expected to maintain its dominance over the next five years as well since they provide protection against temperature, abrasion and chemicals. Based on formulation, the market has been categorised into water-borne, powder-based and solvent-borne. In 2021, the water-borne formulations dominated the market owing to increasing environmental regulations globally. The APAC region led the coating additives market in 2021, in terms of value and volume owing to growing automotive sector and growing construction activities in emerging countries like China, India, Japan, etc.
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Some of the leading players in the global coating additives market are Arkema SA, AkzoNobel N.V., Momentive Performance Materials Inc., BYK-Chemie GmbH, Ashland Inc., Elementis PLC, Evonik Industries AG, Lonza Group Ltd., Angus Chemical Company, Fuji Silysia Chemical, Ltd., etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Type · By Function · By Application · By Formulation |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | Arkema SA, AkzoNobel N.V., Momentive Performance Materials Inc., BYK-Chemie GmbH, Ashland Inc., Elementis PLC, Evonik Industries AG, Lonza Group Ltd., Angus Chemical Company, Fuji Silysia Chemical, Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
