Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the coating additives market provides an in-depth analysis
of segments and sub-segments in the global as well as regional coating
additives market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional coating additives market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecasts, and dollar values of the global coating additives market.
According to the report, the global coating additives market is projected to
grow at a CAGR of 5.5% over the forecast period of 2022-2028.
The global coating additives
market was valued at over USD 9.5 Billion in 2022 and is expected to reach
nearly USD 13 Billion in 2028, with a CAGR of 5.5% during the forecast period. Coating
additives are the type of solutions that are induced in paints to reinforce
their quality and performance. Because of the advancements in coating additives
technology, they've used the advance in product properties and eliminated or
reduced the issues arising during formulating paint systems production
processes. They're utilized in small quantities but it has a large impact on
coating additives market size. Coating additives are increasingly required to
maintain zero-VOC emission norms. Governments worldwide are stepping up efforts
to decrease carbon emissions from construction activities. Coating additives
are utilized in construction paints to boost the impact resistance, viscosity,
and surface effectiveness of substrates.
Coating additives are a bunch of
chemically engineered materials, which find applications of coating additives
in an increasing number of industries. The chemical formulation of coating
additives is increasingly becoming popular because of the performance
enhancements that these materials offer. They provide excellent chemical
properties to the formulation, including improved wettability, dispersion,
rheology, UV protection, chemical resistance, and high-temperature stability.
They're widely utilized in many industrial fields under severe conditions. The
anti-microbial property of those additives is useful in numerous applications.
Coating additives help the surfaces to accommodate higher temperature, abrasion,
moisture, biocides, and chemical resistance making a positive impact on the
multi-functional coating additives market. Sustainability is playing a major
role in the growth of the sustainable coating additives market. Because the
world is inching closer to environmental conservation, many sectors and
businesses are choosing eco-friendly materials. However, fluctuations within
the material prices like acrylate, silicones, and urethane because of the
fluctuating prices of petrochemical could be a major constrain for the
expansion of the worldwide marketplace for coating additives. Additionally,
concerns about the emission of harmful volatile organic compounds (VOC) are
another factor hampering the expansion of the worldwide coating additives
market.
The outbreak of COVID-19 brought a
negative impact on the coating additives market share because of the imposition
of lockdown. In 2020, the spread of COVID-19 in major global economies caused
nationwide lockdowns, which had an impression on various industries.
Construction and automotive were among the foremost affected industries during
the pandemic. Manufacturing units were temporarily stopped working, and
disruption within the supply chain was observed. This had an effect on the
demand for coating additives during the forecast period. This pandemic disease
has also affected the industry and has forced them to temporarily halt their
production. Due to these factors, the expansion of the market was restrained
during the covid-19 pandemic.
Based on the region, the worldwide coating additives market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. Among the regions, North America holds the largest share of the worldwide coating additives market. The increasing spending capacity particularly on infrastructure within the region will drive the market growth within the North American region. Furthermore, a rise in the demand for environmental-friendly products is predicted to drive demand for Coating Additives within the Europe region. However, The Asia Pacific region is anticipated to dominate the expansion of the market during the forecast period. The increasing production units of coating additives will propel the expansion of the market within the region.
The report on the global coating
additives market covers segments such as function, applications, type, and
formulation. On the basis of function, the sub-markets include anti-foaming,
biocides, rheology modification, impact modification, wetting & dispersion,
and others. On the basis of applications, the sub-markets include
architectural, automotive, industrial, wood & furniture, and others. On the
basis of type, the sub-markets include acrylic coating additives, fluoropolymer
coating additives, metallic coating additives, urethane coating additives, and
others. On the basis of formulation, the sub-markets include solvent-borne,
powder-based, liquid coating, and water-borne.
The report provides profiles of
the companies in the market such as BASF SE, Eastman Chemical Company, Evonik
Industries AG, Elementis plc, BYK-Chemie GmbH, Ashland Inc., Arkema SA,
AkzoNobel N.V., Momentive Performance Materials Inc., and The DOW Chemical
Company.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the coating additives market. Moreover, the study highlights current
market trends and provides forecasts for 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.