New Castle, DE, USA, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Coating Additives Market By Type (Acrylic, Fluoropolymers, Urethanes, Metallic Additives, and Others), By Function (Anti-foaming, Wetting and Dispersion, Rheology Modification, Biocides, Impact Modification, and Others), By Formulation (Water-borne Coating, Solvent-borne Coating, Solventless Coating, Powder Coating, and Radiation Curable Coating), By End-use Industry (Architectural, Industrial, Automotive, Wood and Furniture and Others), By Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the coating additives market was valued at $10.0 billion in 2022 and is estimated to reach $17.1 billion by 2032, exhibiting a CAGR of 5.7% from 2023 to 2032.
Coating additives play a crucial role in enhancing these properties and meeting the evolving needs of various industries such as automotive, construction, aerospace, and industrial manufacturing.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/1719
Prime determinants of growth
Growth in demand for multifunctional additives, strict environmental regulations, and increase in awareness among users and formulators about benefits of coating additives are the major factors that drive the coating additives market growth. Rise in automotive and construction industries is expected to drive the coating additives market growth during the forecast period. Furthermore, growing demand for high-performance coatings offer improved functionality, durability, and environmental sustainability, which is expected to drive the market growth during the forecast period.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2022 |
| Market Size in 2022 | $10.0 billion |
| Market Size in 2032 | $17.1 billion |
| CAGR | 5.7% |
| No. of Pages in Report | 469 |
| Segments covered | Function, Type, Formulation, End-use industry, and Region |
| Drivers | Increase in Number of Applications in End-User Industries High demand for coating additives in construction industry Supportive Environmental Regulations for Low VOC Coating Additives |
| Opportunities | Increase in demand for water-borne and powder-based coating additives in green construction |
| Restraints | Stringent Environmental Regulations |
The acrylic segment maintained its lead position during the forecast period
Based on type, the acrylic segment accounted for the largest share in 2022, contributing to more than one-fourth of the global coating additives market revenue, and is anticipated to register the highest CAGR of 6.2% during the forecast period, due to increase in demand for acrylic material for coating additives.
Procure Complete Report (469 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3skm1QO
The water borne coating segment maintained its lead position during the forecast period
On the basis of the formulation, the water borne coating segment dominated the largest market share in 2022 contributing to nearly half of the global coating additives market revenue and is anticipated to register the highest CAGR of 6.1% during the forecast period, owing to an increase in usage of water-borne as water borne technology possess excellent durability, fewer odors, quick-drying, less frequent repainting requirement, flexible finish, stable color, and low VOCs availability.
The rheology modification segment maintained its lead position during the forecast period
On the basis of the end-use industry, the architectural segment dominated the largest market share in 2022 contributing to around one-third of the global coating additives market revenue and is anticipated to register the highest CAGR of 6.1% during the forecast period. Economic development in emerging countries of Asia-Pacific and LAMEA has led to infrastructural growth, which results in rise in demand for coating additives in the architectural segment.
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than half of the global coating additives market and is anticipated to register the highest CAGR of 5.9% during the forecast period due to economic development in emerging countries of Asia-Pacific.
Leading Market Players: -
- Arkema
- BASF
- Ashland
- Clariant
- Dow Chemical Co.
- Eastman Chemical Co.
- Evonik
- Lanxess
- Momentive Performance Materials Inc.
- Solvay
The report provides a detailed analysis of these key players in the global coating additives market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players' Strategies:
https://www.alliedmarketresearch.com/coating-additives-market/purchase-options
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
