Dublin, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The "China Coating Additives Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Chinese Coating Additives Market was valued at USD 861.35 Million in 2025, and is expected to reach USD 1.04 Billion by 2029, rising at a CAGR of 3.25%. The coating additives market in China is experiencing significant growth, driven by the rising demand for low VOC paints and a surge in automotive and construction projects. This thriving market scenario can be attributed to China's expanding industrial sector and its strong commitment to sustainability.
China's dominance in the Asia Pacific paint additives market is undeniable, accounting for more than 50% of the market share. Several factors contribute to this dominance. The country's rapid urbanization and industrialization have led to increased construction activities, creating a higher demand for high-quality coating additives. The growing automotive industry in China has also played a pivotal role in the market's expansion.
In addition to these factors, the increasing demand for eco-friendly and sustainable products is significantly influencing the coating additives market in China. As more individuals and businesses seek low VOC paints for their projects, manufacturers are compelled to develop and supply environmentally friendly coating additives.
The focus is not solely on meeting the current demand. China is actively investing in research and development activities to innovate and enhance the quality and performance of coating additives. This proactive approach is expected to further propel the market's growth in the coming years, reinforcing China's position as a key player in the global coating additives industry.
The coating additives market in China is on a steady rise, driven by the country's booming industrial sector, growing demand for sustainable products, and dedicated research and development initiatives. As China continues to progress in these areas, the coating additives market is anticipated to flourish even more, creating new opportunities for manufacturers, and contributing to the overall growth of the industry.
Key Market Trends
Growing Demand of Waterborne Coatings
Waterborne coatings are experiencing significant growth driven by the increasing demand for environmentally friendly and sustainable coating solutions. Anquamine 469 is a waterborne curing agent specifically formulated for waterborne protective coatings, such as those used in container and transportation applications with low VOC content. It provides exceptional salt spray resistance, strong adhesion, and effective curing at high temperatures and high humidity, making it ideally suited for container production environments. These coatings utilize water as a solvent, making them less hazardous and more eco-friendly compared to traditional solvent-based coatings.
With growing awareness of environmental concerns and the emphasis on sustainable practices, the market for waterborne coatings has seen a substantial rise. The application of waterborne coatings extends beyond the construction sector to include the automotive industry. The expansion of car manufacturing, particularly in emerging economies like China, is expected to further propel the adoption of waterborne coatings. As the automotive sector strives to adhere to stricter environmental regulations and reduce its carbon footprint, the use of waterborne coatings becomes essential.
In China specifically, the outlook for waterborne coatings is promising. Covestro, a leading supplier of innovative high-tech materials, has noted that waterborne UV coatings are still in the nascent stages of their development in China. This indicates a significant untapped potential for growth in the Chinese market, offering exciting opportunities for manufacturers and suppliers of waterborne coatings. The increasing demand for waterborne coatings represents a substantial and enduring shift in the Chinese coating additives market.
As the momentum for sustainability continues to build, the preference for eco-friendly coating solutions is expected to persist, creating abundant opportunities for manufacturers in the coating additives market to innovate and meet the evolving demands of the industry. In China, the adoption of waterborne coatings has resulted in lower waste removal costs, as the waste streams associated with waterborne coatings are less hazardous compared to those containing solvents. In architectural applications, the reduced odor levels of water-based paints are a significant factor driving their use. As building occupants and industry operators grow increasingly concerned about solvent odors, the appeal of water-based paints continues to rise, according to Covestro LLC.
Regional Insights
South Central emerged as the dominant region in the China Coating Additives Market in 2023, holding the largest market share in terms of value. One of the primary reasons for South Central China's dominance in the coating additives market is the strategic industrial concentration. As per China's "13th Five-Year Plan" period, the coatings industry is rapidly concentrated in east, central south, and southwest China. This strategic concentration could be attributed to various factors such as the abundant availability of raw materials sourced locally, a highly skilled labor force that specializes in coating technologies, and favorable government policies that encourage investment and growth in the coatings sector.
South Central China is currently experiencing a significant wave of urbanization, which further contributes to the region's strong position in the coating additives market. With the continuous growth of urban areas, there is an evident increase in construction activities, including the development of new infrastructure, residential buildings, and commercial projects. These projects heavily rely on architectural coatings to provide not only aesthetic appeal but also protection against environmental elements such as moisture, UV radiation, and corrosion.
By catering to the rising demand for coating additives in this dynamic and rapidly urbanizing region, South Central China continues to solidify its position as a key player in the coatings industry. The combination of strategic industrial concentration and the ongoing urbanization trend creates a fertile ground for sustained growth and opportunities in the coating additives market.
Key Market Players
- BASF (China) Co. Ltd.
- Dow Chemical (China) Investment Co. Ltd.
- Evonik Degussa (China) Co. Ltd.
- Elementis plc
- Lubrizol Corporation
- Arkema (China) Investment Co. Ltd.
Report Scope:
In this report, the China Coating Additives Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
China Coating Additives Market, By Type:
- Acrylic
- Fluoropolymers
- Urethanes
- Metallic Additives
- Others
China Coating Additives Market, By End User:
- Architectural
- Industrial
- Automotive
- Wood and Furniture
- Others
China Coating Additives Market, By Region:
- East
- North & North-East
- Southwest
- South Central
- Northwest
Competitive Landscape
- Company Profiles: Detailed analysis of the major companies present in the China Coating Additives Market.
For more information about this report visit https://www.researchandmarkets.com/r/lkfdvu
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