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2022
Coating Additives Market

Coating Additives Market by Function (Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, and Others), Type (Acrylic, Fluoropolymers, Urethanes, Metallic Additives, and Others), Formulation (Water-Borne Coating, Solvent-Borne Coating, Solventless Coating, Powder Coating, and Radiation Curable Coating), and End-Use Industry (Architectural, Industrial, Automotive, Wood & Furniture, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A01392
Pages: 382
Jan 2022 | 14003 Views
Author(s) : Bhagyashri Patil, Pratik Mandon , Eswara Prasad
Tables: 266
Charts: 77
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Coating Additives Market Outlook - 2021–2030

The global coating additives market size was valued at $9.0 billion in 2020, and is projected to reach $15.0 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

Statement for COVID-19 banner: Disruptions in supply chain caused due to the lockdown measures, has severely affected the manufacturing and automotive industry thereby momentarily decreasing the demand for coating additives in 2020.

Technologically advanced coatings are complex formulas with thickeners, emulsifiers, dispersants, pigments, defoamers, leveling agents, photo-stabilizers, curing catalysts, and other additives. These additives improve properties of resin. Anti-foaming is a technique used for decreasing or preventing generation of foam on paint films or coatings. Wetting and dispersion use deflocculating effect to stabilize films. Rheology modification relates to change in structure or flow of materials, owing to external stress to improve thickness and viscosity of coated surfaces. Biocides protect paint films from microbiological degradation, such as fungal and algal growth, which can occur in humid environments or as a result of contamination. Impact modification is primarily used to reduce surface deformation in sheets, packing films, and other materials. Drying, surface modification, leveling, anti-settling, anti-sagging, and other functions are all performed by these additives.

Coating-Additives Market, 2021-2030

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Increase in demand for coating additives from several end user industries also fuels the market across the globe. For instance, solventless coatings are used as premium coating in many end user industries such as automotive, architectural, and industrial.

The global coating additives market is segmented on the basis of function, type, formulation, end-use industry, and region. On the basis of function, the market is segmented into anti-foaming, wetting & dispersion, and rheology modification. By type, it is divided into acrylic, fluoropolymers, urethanes, and others. On the basis of formulation, it is segmented into water-borne coatings, solvent-borne coatings, solventless coatings, powder-based coatings, and radiation curable coatings. 

On the basis of end-use industry, it is segmented into automotive, architectural, industrial, wood & furniture, industrial, & others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global coating additives market include Arkema, BASF, BYK Additives & Instruments, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay.

Coating Additives Market, by Function

The rheology modification segment dominated the global coating additives market in 2020, and is expected to maintain its dominance during the forecast period, owing to increase in usage of rheology additives as it provides film thickness, increases viscosity of finished products, and improves elastic properties of coatings.

Coating Additives Market
By function

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Rheology modification is projected as the most lucrative segment.

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Coating Additives Market, by Type

The acrylic segment dominated the global coating additives market, in terms of revenue, in 2020, owing to increase in demand for acrylic material for coating additive which drive growth of the market.

Coating Additives Market
By Type

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Acrylic is projected as the most lucrative market.

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Coating Additives Market, by Formulation

The water-borne coating segment dominated the global coating additives market in 2020, and is expected to maintain its dominance during the forecast period, owing to 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.

Coating Additives Market
By Formulation

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Water-borne Coating is projected as the most lucrative market.

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Coating Additives Market, by End-use industry

The architectural segment dominated the global coating additives market in terms of revenue, in 2020, owing to economic development in emerging countries of Asia-Pacific and LAMEA has led to infrastructural growth, which results in augmented demand for coating additives in the architectural industry.

Coating Additives Market
By End-Use Industry

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Architectural is projected as the most lucrative market.

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Coating Additives Market, by Region

The Asia-Pacific region accounted for the largest share of the coating additives market in 2020. The Asia-Pacific market for coating additives is expected to grow at the highest CAGR, in terms of both volume and value, owing to its stable economy, increase in disposable income, and improvement in standards of living in countries such as China, Japan, Singapore, Malaysia, and Vietnam.

Coating Additives Market
By Region

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Asia-Pacific is projected as the most lucrative segment.

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Key Benefits For Stakeholders

  • The report provides in-depth analysis of the global coating additives market along with the current trends and future estimations. 
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
  • Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global Coating additives market for strategy building.
  • A comprehensive market analysis covers the factors that drive and restrain the global Coating additives market growth.
  • The qualitative data about market dynamics, trends, and developments is provided in the report.

Impact Of Covid-19 On The Global Coating Additives Market

  • COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 
  • Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway. 
  • Coating additives is primarily used in automotive, industrial, and architectural. Online grocery sales are expected to account for 12.4% of all e-commerce sales in the U.S. by 2021. 
  • In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown. 
  • The COVID-19 pandemic has impacted negatively on the manufacturing and industrial industries due to a scarcity of resources in various parts of the world. The top players in the industry are concerned about the market prospects and are rethinking their strategies to meet the challenge.
  • The companies are incorporating various techniques to increase production volume, and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased product penetration sustainability.

Key Market Segments

  • By Function
    • Anti-foaming
    • Wetting & Dispersion
    • Rheology modification
    • Biocides
    • Impact Modification
    • Others
  • By Type
    • Acrylic
    • Fluoropolymers
    • Urethanes
    • Metallic Additives
    • Others
  • By Formulation
    • Water-borne Coating
    • Solvent-borne Coating
    • Wax
    • Lubricants
    • Others
    • Solventless Coating
    • Powder Coating
    • Radiation Curable Coating
  • By End-use industry
    • Architectural
    • Industrial
    • Automotive
    • Wood & Furniture
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • UK
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • South Africa
      • Saudi Arabia
      • Rest of LAMEA
  • By Key Market Players
    • Arkema
    • BASF
    • BYK Additives & Instruments
    • Clariant
    • Dow Chemical Co.
    • Eastman Chemical Co.
    • Evonik, Lanxess
    • Momentive Performance Materials Inc.
    • Solvay
    • Lanxess


OTHER COMPANIES ACTIVE IN VALUE CHAIN INCLUDE

  • Elementis PLC
  • The Lubrizol Corporation
  • Michelman, Inc.
  • Croda International Plc
  • Cytec Industries Inc.
 

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The coating additives market is driven as growth in demand from aerospace, automotive, commercial, and consumer electronics, and other miniaturized electronics majorly drives the market. In 2020, the architectural industry held a major share in the total coating additives market and it is expected to continue its dominance throughout the forecast period. According to CXOs, the use of coating additives is the highest in Asia-Pacific, owing to rise in per capita consumption and rapid industrialization.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

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FREQUENTLY ASKED QUESTIONS?

A. Rise in automotive and construction industries is expected to be driven by their extensive end-use industry scope.

A. The market value of global coating additives market in 2021 is expected to be $9.3 billion and projected to rise to $15.0 billion in 2030.

A. The leading players in the market Arkema, BASF, BYK Additives & Instruments, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay.

A. The architectural industry is projected to increase the demand for coating additives market

A. The global coating additives market is segmented on the basis of function, type, formulation, end-use industry and region.

A. Supportive Environmental Regulations for Low VOC Coating Additives are some of the main restraints of coating additives market.

A. Due to COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.

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