The role of a coating additive starts right from the formulation of the coating. It plays a very important role in the entire value chain of the coating. The value chain of coating additives market involves a group of interdependent activities performed by various industries, consisting of raw material suppliers, coating additive manufacturers, formulators, and end-user applications, with logistics and supply chain management linking all of them into one group. The feedstock suppliers are the companies which supply raw materials such as urethanes, fluoropolymers, acrylates, or silicones.
The global coating additives market is witnessing a growth on the account of increasing applications and rapidly growing demand in the Asia-Pacific region. They are widely being used in coating application in the construction, automobiles, and wood & furniture industries. The typical uses of these additives are to improve wettability, dispersing of solids, foam reduction, gloss control, anti-catering, anti-chipping, flow control, and UV protection, etc. of the coating material. The specific application of coatings may require the protection of coated substrate from chemicals, high temperature, abrasion, impact, moisture, biocides, etc. during the service life of the material.
The main drivers for the growth of coating additives market are the growing building & construction and automotive industries. There is a huge demand for coating additives from building & construction industry due to increasing demand for better and superior quality surfaces. Residential and commercial buildings are the leading end-users for coating additives and are likely to gain higher market share in the near future owing to increased construction activities.
Market Dynamics of the APAC Coating Additives Market:
The rapid economic growth, as well as a rise in population in most of the emerging countries in the recent years, resulted in rampant architectural constructions and industrial activities, which created significant demand for paints and additives that, in turn, increased the demand for paint additives. As the paint and coatings industry continues to fall under pressure from environmental regulations, manufacturers of coatings and paints are endlessly reformulating their products. As a result, the demand for novel additives continues to increase, and the growing shift toward water-based paint systems are fueling demand for paint and coating additives, providing tremendous growth potential for additives suppliers.
Environmental regulations associated with the harmful effects of VOCs are expected to be the major constraint for the coating additives market. The market is also retarded due to the presence of a lower quality substitute of these additives.
Market analysis for the APAC coating additives market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the APAC coating additives market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.2 Industry Value Chain
3.3 Regulatory Policy Analysis
3.4 Industry Attractiveness Porters 5 Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
3.6 Patent Analysis
4. Market Dynamics
4.1.1 Growing Paint Additives Market
4.1.2 Increasing Demand for Environment-Friendly Products
4.1.3 Strong growth in emerging markets because of booming construction activity
4.1.4 Rising Demand in Automotive Sector
4.2.1 Environmental Impacts and Regulations
4.2.2 Presence of low quality substitute
4.3.1 Development of Environment-Friendly and advanced Additives
4.3.2 Innovation in protective and marine coatings
5. Market Segmentation and Analysis
5.1 By Type
5.2 By Function
5.2.1 Rheology modification
5.2.3 Wetting & Dispersing
5.2.5 Impact modification
5.3 By Formulation
5.3.1 Water based
5.3.2 Solvent based
5.3.3 Powder Coating
5.4 By Application
5.4.4 Wood & Furniture
6. Regional Analysis
6.4 South Korea
6.5 Rest of Asia-Pacific
7. Future of Industry
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles
9.3 Asahi Glass Co. Ltd.
9.4 AkzoNobel N.V.
9.5 Arkema SA
9.6 Ashland Inc.
9.7 BASF SE
9.8 Cabot Corp.
9.9 Cytec Industries Inc.
9.10 Daikin Industries Ltd.
9.11 The Dow Chemical Company
9.12 Eastman Chemical Company
9.13 Elementis PLC
9.14 Evonik Industries AG
9.15 K-Tech (India) Limited
9.16 The Lubrizol Corporation
9.17 Momentive Specialty Chemicals Inc.
10. Future Insights