Global coating additive market size to expand at 5.1% CAGR through 2028

Pune, India, May 03, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global coating additive market size is poised to expand at 5.1% CAGR, garnering a valuation of USD 10,918 million by the end of 2028.

On further analysis, the study classifies the industry in terms of product type, coating formulation, end-user, and chemistry to ascertain the segments recording a substantial revenue share and accounting for a rapid growth rate through 2028.

It encompasses the information about regions contributing extensively to the profitability matrix of the business sphere by registering the growth rate forecasts for each regional market over the forecast period.

The document provides a gist of the companies amplifying the competition in market by giving a brief overview of their profile and the strategies adopted to gain a competitive edge.

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The impressive growth of market can be attributed to the soaring demand from the expanding architectural sector which uses the additives to stabilize pigments & enhance surface properties of coatings for commercial purposes like constructing residential buildings, warehouses, shopping malls, etc.

For those unaware, coating additives are chemical compositions that instill special traits and attributes to coatings while also lowering issues that may occur during the manufacturing process.

Moreover, the surging preference for decorating houses for better aesthetics has enabled an increase in the demand for paints, which is further proliferating the global coating additive industry.

On the downside, concern related to pollution of local waterways caused by draining of paints & coatings, in consort with fluctuating prices of raw materials like silicones, urethane, and acrylate will restraint the industry growth to some extent in the coming years.

Segmental Overview:

Based on product type, the market is divided into defoamers, wetting & dispersing additives, rheology modifiers, antimicrobial additives/biocides, and others. 

In terms of end-user ambit, the industry is categorized into automotive, aerospace, building & construction, industrial, furniture, and others. 

Concerning coating formulation, the business sphere is classified into waterborne coating, powder formulation, and solvent-borne coating.

With respect to chemistry, the market is split into urethane, epoxy, acrylic, fluoropolymer, and others.

Regional Analysis:

Credible researchers state that there are profitable prospects across regions like North America, Asia Pacific, Europe, and Rest of the World which will enhance the revenue potential of the market during the assessment timeframe.

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Competitive Dashboard:

The key players defining the competitive realm of worldwide coating additive market include Lubrizol Corporation, Akzo Nobel N.V., The Dow Chemical Company, Altana AG, Solvay S.A., Arkema S.A., Sherwin-Williams Company, BASF SE, Evonik Industries AG, Cabot Corporation, Daikin Industries Ltd., Eastman Chemical Company, and Double Bond Chemical Industry Co. Ltd. among others.

Global Coating Additive Market, By Product (Revenue, USD Million, 2018-2028)

• Defoamers
• Wetting & Dispersing Additives
• Rheology Modifiers
• Antimicrobial Additives/Biocides
• Others

Global Coating Additive Market, By Chemistry (Revenue, USD Million, 2018-2028)

• Urethane
• Epoxy
• Acrylic
• Fluoropolymer
• Others

Global Coating Additive Market, By Coating Formulation (Revenue, USD Million, 2018-2028)

• Waterborne Coating 
• Powder Formulation
• Solvent-Borne Coating 

Global Coating Additive Market, By End-User (Revenue, USD Million, 2018-2028)

• Automotive
• Aerospace
• Building & Construction
• Industrial
• Furniture
• Others

Global Coating Additive Market, Regional Analysis (Revenue, USD Million, 2018-2028)

• Asia Pacific
• Europe
• North America
• Rest of the World (ROW)

Global Coating Additive Market, Competitive Dashboard (Revenue, USD Million, 2018-2028)

• Lubrizol Corporation
• Akzo Nobel N.V.
• The Dow Chemical Company
• Altana AG
• Solvay S.A.
• Arkema S.A.
• Sherwin-Williams Company
• BASF SE
• Evonik Industries AG
• Cabot Corporation
• Daikin Industries Ltd.
• Eastman Chemical Company
• Double Bond Chemical Industry Co. Ltd. 

TABLE OF CONTENTS:

PART 1. INTRODUCTION

1. Report description
2. Objectives of the study
3. Market segment
4. Years considered for the report
5. Currency
6. Key target audience

PART 2. METHODOLOGY

PART 3. EXECUTIVE SUMMARY

PART 4. MARKET OVERVIEW

1. Introduction
2. Drivers
3. Restraints
4. Impact of COVID-19 pandemic

PART 5. MARKET BREAKDOWN BY PRODUCT

1. Antimicrobial additives/biocides
2. Defoamers
3. Rheology modifiers
4. Wetting and dispersing additives
5. Others

PART 6. MARKET BREAKDOWN BY CHEMISTRY

1. Acrylic
2. Epoxy
3. Fluoropolymer
4. Urethane
5. Others

PART 7. MARKET BREAKDOWN BY COATING FORMULATION

1. Powder formulation
2. Solventborne coating
3. Waterborne coating

PART 8. MARKET BREAKDOWN BY END USER

1. Aerospace
2. Automotive
3. Building & construction
4. Furniture
5. Industrial
6. Others

PART 9. MARKET BREAKDOWN BY REGION

1. Asia Pacific
2. Europe
3. North America
4. Rest of the World (RoW)

PART 10. KEY COMPANIES

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