Dublin, May 16, 2022 (GLOBE NEWSWIRE) -- The "Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global coating additives market reached a value of US$ 9.31 billion in 2021. Looking forward, the market is projected to reach a value of US$ 12.37 billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Coating additives are substances added to a coating material in small amounts to improve or modify specific qualities of an object during its manufacturing, storage, transportation, or application. They include thickeners, emulsifiers, dispersants, pigments, defoamers, leveling agents, photo-stabilizers, and curing catalysts.
They offer surface activity, vapor pressure, solubility parameter, and chemical stability to coatings. In addition, as coating additives provide improved durability, better aesthetic appeal, and resistance against corrosion that can enhance the texture and overall finish of coatings, they find extensive applications in architecture, automotive, and furniture industries across the globe.
Coating Additives Market Trends
At present, there is a rise in the demand for environment-friendly products around the world. This, along with the growing utilization of raw materials that enhance the quality and application of coating formulations, represents one of the key factors driving the market.
Moreover, the increasing awareness among individuals about the benefits of coating additives is propelling the growth of the market. In addition, there is a rise in the demand for multifunctional additives to improve combustion efficiency and reduce emissions and carbon footprints.
This, coupled with the increasing consumer preferences for a durable and aesthetic finish of objects, is offering lucrative growth opportunities to End-users. Besides this, the growing construction of residential and commercial buildings due to rapid urbanization is catalyzing the demand for coating additives.
Additionally, the rising number of vehicle renovations and need for aesthetic automotive coatings are bolstering the market growth. Apart from this, the increasing employment of coating additives in decorative paints and advanced aerospace coatings is positively influencing the market.
Other growth-inducing factors are rising research and development (R&D) activities and the burgeoning construction industry.
Key Questions Answered in This Report
- How has the global coating additives market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global coating additives market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the formulation?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global coating additives market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Altana AG
- Arkema S.A.
- Ashland Global
- BASF SE
- Clariant AG
- Dow Inc.
- Eastman Chemical Company
- Elementis plc
- Evonik Industries AG
- Huntsman Corporation
- Momentive Performance Materials Inc.
- Solvay S.A
Key Market Segmentation
Breakup by Type:
- Acrylic
- Fluoropolymers
- Urethanes
- Metallic Additives
- Others
Breakup by Function:
- Anti-foaming
- Wetting and Dispersion
- Rheology Modification
- Biocides
- Impact Modification
- Others
Breakup by Formulation:
- Water-borne Coating
- Solvent-borne Coating
- Solventless Coating
- Others
Breakup by Application:
- Architectural
- Industrial
- Automotive
- Wood and Furniture
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/c8ktc3
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