PUBLISHED: December 2, 2018 | Available Formats
Global Coating Additives Market – Size, Share and Forecast2018 – 2025
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Coating Additives Market
Coating additives are added to paints and coatings to improve their properties and optimize the production process of paint systems by reducing the problems during the formulation. These additives offer customized solutions about improved pigment wetting, defoaming, air release, substrate wetting or surface slip.
The global coating additives market was valued at USD XX million in 2017 and is estimated to reach USD XX million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025.
Drivers & Restraints In Paint Additives
Increasing applications of coating additives in architectural coatings is the primary driver of the market. Growing residential and commercial construction industry in the world especial-ly in the emerging economies of the Asia-Pacific region is propelling the demand for architectural coatings.
According to Bruce Shaw report, the global construction output will grow by 85% to USD 15.5 trillion by 2030. The US, China, and India are leading in the construction industry and accounting for approximately 57% of global growth.
Also, the growing automotive industry in regions such as Asia-Pacific and South America is driving the demand for coating additives.
Over the last decade, the global automotive industry has undergone the most significant transformation. Although North America and Europe are the largest markets in the world, Asia-Pacific automotive sales are gradually increasing and are the primary market expected to see strong growth during the forecast period.
Market Segmentation Analysis
The global coating additives market report segments the market by type, formulation, and application. Based on the wording, the market can be segmented as water-borne coat-ings, solvent-borne coatings, powder-based coatings, and UV Curable Coatings.
Water-borne coating additives hold a larger market share as compared to other types of formulations. The demand for water-borne and powder-based coatings is increasing due to stringent environmental regulations on VOC. However, the solvent-based coatings are still used in the Asia-Pacific region, and its usage is decreased in the Europe and North America regions.
The market is further classified based on applications such as architectural coatings, automotive, wood & furniture, industrial and others. Architectural coatings are the leading application of coating additives market. The growing commercial and residential construction Asia-Pacific region is driving the demand for coating additives.
Also, increasing automotive sales in Asia-Pacific, especially in the South East Asian countries, are propelling the demand for coating additives. I
N March 2017, the total sales of new cars in Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines increased 14% to 316,000 vehicles compared to the same period the prior year. The projected strong sales growth of cars in Southeast Asia is resultant of higher incomes and the increasing middle class in the region’s fast-growing economies.
Global Coating Additives Market
The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others. Asia-Pacific accounted for the largest market share in 2017 and will be the most lucrative region during the forecast period.
The market for coating additives in the APAC region is mainly driven by the increasing demand in the construction industry from developing countries like China and India. The Indian Construction industry in value terms is expected to record a CAGR of 15.7% to reach USD 738.5 billion by 2022. The sector contributes 55% share in the Steel industry, 15% in the Paint industry and 30% in the Glass industry.
However, water-borne coating additives have significant growth in North America and Eu-rope. Since most of the countries in these regions are focusing on green construction from the last ten years and the trend is expected to continue in the coming years. This will increase the demand for the water-borne and powder-based coating additives.
Paint Additive Trends
The companies are heavily investing in the market to develop new products and are collaborating and acquiring other companies which help in increasing their market share and will also strengthen the R & D. The coating additive companies are offering a wide range of products, most of which are similar to other companies, which lead to price wars.
Evonik Industries AG, BASF SE, DowDupont, AkzoNobel N.V, Clariant AG, BYK Additives, Mo-mentive Performance Materials Inc., Arkema SA, Eastman Chemical Company, Clariant AG, Lubrizol (Berkshire Hathaway), and Ashland Inc.
Why purchase the report?
• Visualize the composition of the coating additives market across each indication, regarding design type, technology, capacity and application highlighting the key commercial assets and players.
• Identify commercial opportunities in coating additives market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Coating Additives market level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the key Coating Additives market products of all major market players
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
Table of Contents
Coating Additives Market
1. Methodology and Scope
1.1. Research Methodology
1.2. The scope of the Report
2.1. Key Trends & Developments
3. Industry Analysis
3.1. Industry Impact Factors (Drivers & Restraints)
3.2. Competitive Intensity- Porter 5 Forces
3.3. Regulatory Analysis
4. By Type
4.2. Dispersion Agents
4.3. Rheology Modifiers
4.4. Wetting Agents
4.5. Others (Surface Modifiers, Impact Modifiers)
5. By Formulation
5.3. Powder Based
5.4. Others (UV Curable)
6. By Application
6.4. Wood & Furniture
6.5. Others (Marine, Aviation)
7. By Geography
7.1. North America
7.1.1. The United States
7.2. South America
7.2.3. Rest of South America
7.3.2. United Kingdom
7.3.6. Rest of Europe
7.4.3. South Korea
7.4.6. Rest of Asia-Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Market Player Analysis
8.2. Key Strategies adopted by Manufacturers
8.3. Product Benchmarking
9. Company Profiles*
9.1. Evonik Industries AG
9.2. BASF SE
9.4. AkzoNobel N.V
9.5. Clariant AG
9.6. BYK Additives
9.7. Momentive Performance Materials Inc.
9.8. Arkema SA
9.9. Eastman Chemical Company
9.10. Clariant AG
9.11. Lubrizol (Berkshire Hathaway)
9.12. Ashland Inc.
*Additional company profiles will be included on client request.
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