The Global Coating Additives Market is forecasted to grow at a rate of 5.9% from USD 8.27 billion in 2019 to USD 12.74 Billion in 2027. This is mainly contributed by the increasing demand from packaging industries, the growing popularity of additive manufacturing process, a rise of environment-friendly coating technologies, increasing demand for moisture and grease resistance, and oxygen, water vapor, and aroma barrier packaging.
Top Companies Operating in the Global Coating Additives Market:
AkzoNobel N.V., BASF SE, Ashland Inc., Arkema SA, BYK-Chemie GmbH, Evonik Industries AG, Eastman Chemical Company, Lonza Group Ltd., Momentive Performance Materials Inc., and Cabot Corp
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Further key findings from the report suggest
- The water-borne coating is majorly fueled by the growing demand for construction and the emergence of new buildings in both developed and developing countries. Electronics, automotive, and paper printing industry also play a part in boosting the market growth. They are finding a niche as it is quickly becoming an alternative for solvent-based coatings. It is supposed to be safer than solvent-based, which is harmful to the respiratory system.
- The architectural coatings segment is on the rise, due to increasing applications, technological advancements, and the growing demand for coatings that makes substance, to which it is applied to make it more durable, boost its weathering performance with dynamic mechanical properties, such as improved corrosion resistance and improved flexibility.
- Metal additive coatings separate a structural metal from the environmental corrosion. These types of coatings are used for the protection of steel, aluminum, zinc, and up to a certain extent, cadmium.
- The Asia Pacific region accounted for 6.1% of the global coating additive market. Courtesy of increased applications of architectural coatings, rising constructional, and renovation activities in China, increased demand from the furniture market in India are boosting the growth of the market in the region.
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Coating Additives Market Segmentation
Type Outlook (Revenue, USD Billion; 2017-2027)
- Acrylic Coating Additives
- Urethane Coating Additives
- Metallic Coating Additives
- Fluoropolymer Coating Additives
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Architectural Application
- Wood Furniture
- Industrial Application
- Automotive
- Others
Function Outlook (Revenue, USD Billion; 2017-2027)
- Solvent-Borne
- Water-Borne
- Powder-Based
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Coating Additives market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Coating Additives market.
The global Coating Additives market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Attentions of Coating Additives Market Report:
The report offers a complete and broad perspective on the global Coating Additives Market.
The market statistics depicted in the various Coating Additives Market segments give a complete picture of the industry.
The market growth drivers and challenges affecting the development of the Coating Additives Market are analyzed in detail.
The report will aid in the analysis of key competitive market scenarios and Coating Additives Market dynamics.
Major players, Coating Additives Market key companies, investment feasibility, and study of new market entrants are offered.
The scope of development of the Coating Additives Market in each market segment is covered in this report.
The macro and microeconomic factors that influence the Coating Additives Market progress are detailed in this report.
The upstream and downstream components of the Coating Additives Market and a complete value chain are explained.
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