The global coating additives market is projected to expand at a CAGR of 5.9% from 2022 to 2032. The global coating additives market is set to reach US$ 17 Bn by 2032. The introduction of green coatings and the booming building & construction sector worldwide are likely to drive high demand for coating additives. North America, led by the United States, holds the largest share in the global coating additives market.
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What Aspects are Driving Coating Additives Market Growth?
“Advent of Green Coatings – A Game Changer”
Coating additives are solutions that are incorporated into paints to improve their performance and quality. Due to developments in coating additives technology, they are utilized to enhance product attributes and eliminate or reduce issues that occur during the formulation and manufacture of paint systems.
The global coating additives market is anticipated to experience significant growth during the forecast period. Coating additives are rapidly needed to achieve zero-VOC emission criteria. Governments around the world are stepping up initiatives to decrease carbon emissions from construction operations.
The advent of green coatings is expected to provide revenue-generation opportunities in the coating additives market during the forecast period. Green coatings are likely to become more prominent in the motive sector in the coming years, contributing to the expansion of the global coating additives market.
Key Companies-
- Akzo Nobel N.V.
- Arkema SA
- Ashland Inc.
- BASF SE
- Cytec Industries Inc.
- Evonik Industries AG
- Momentive Specialty Chemical Inc.
- Solvay S.A.
- The Dow Chemical Company
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Coating Additives Industry Research Segmentation
By Type:
- Acrylics
- Fluoropolymers
- Urethanes
- Metallic Additives
- Others (epoxy, Polyalkyds, Amines)
By Function:
- Rheology Modification
- Biocides Impact Modification
- Anti-Foaming
- Wetting & Dispersion
- Others (Slip & Rub, Flexibility, Curing, etc.)
By Formulation:
- Solvent-borne
- Water-borne
- Powder-based
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Key Questions Answered in Coating Additives Market Report –
What is the projected growth rate for the coating additives market?
What is the predicted value of the global coating additives market?
What are the main factors driving the growth of the market?
Which region accounts for the largest share of the global market?
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