Key Market Insights
Rising government regulations coupled with technological advancement in paints & coating additives will boost the market
The global paints & coating additives market is growing proficiently, projected to grow at a CAGR of 6.1% during the expected period from 2019 to 2027, starting from US$ 7.43 Bn in 2018.
The paint & coating additives are used as raw materials that improve both features and application of paints & coatings in numerous industries. Additionally, a slight addition of additives to paints and coatings will significantly expand their performance efficiency. Moreover, the additives which include wetting & dispersing agents, thickener & anti-setting agents, deformers, and specialty additives offer numerous properties like durability, enhanced appearance, and anti-corrosiveness. The aforementioned factors have increased the major application of additives in decoration, environmental protection, and texture enhancement, thereby expanding the market for paints & coating additives over the forecast period.
In the present global scenario, additives are mainly used as performance enhancers throughout the production process. Additionally, the growing trend of using multifunctional additives which provides multiple properties in a single additive will drive the market on a global scale. For instance, Troy Corporation introduced a wet substrate and flow additive i.e. Troysol ZLAC, which subsidizes the emission of volatile organic compounds (VOC) from the substrate during and after application of paint/coating. Furthermore, the significant use of paints & coating across various industries like architectural, automotive, industrial, wood, aerospace, and marine applications, will drive the demand for additives globally.
Application Analysis
Rapid growth in industrial activities coupled with increasing demand for decorative coating worldwide will spark market growth
The architectural segment comprises coating additives that are used in commercial purposes like warehouses, office buildings, shopping malls, retail convenience stores, and residential buildings. In addition, few of its major application in architectural coating includes defoamers, rheological modifiers, wetting agents and dispersants. Moreover, the presence of properties like stabilizing pigment, enhancing surface properties, dispersing properties, enhancing wetting and defoaming properties, is likely to expand the market revenue globally. Furthermore, the growing demand for decorative coatings in residential units for better aesthetics is projected to expand the market in architectural coatings in the coming years.
On account of, growing demand for paints and coatings, in turn, will increase the additives market exponentially. Moreover, additional applications such as corrosion inhibition, surface protection, infrastructure, and decoration of buildings, are likely to enhance the architectural segment, thereby boosting the market growth for the architectural segment over the forecast period.
Regional Analysis
Dominance is led by the growing construction activities coupled with rising in consumer disposable income to drive the global paint & coating additives market
Asia-Pacific is projected to hold the highest market share in 2018 and is likely to remain the largest market over the forecast period, owing to the growing demand from automotive, construction, furniture, and industrial applications. Additionally, swift growth in the construction industry is a significant driver for the paint & coating additives market across the region. Moreover, the presence of developing countries like India, China, and Japan contributes to the market growth, owing to the rising demand for paints & coatings from numerous industries such as furniture, construction, and many more industries. Furthermore, augmented prominence on environment-friendly coatings will continue to expand the market over the forecast period 2019-2027.
Growing adoption towards new rules and regulations by major industry players for environmental concerns will dominate the market in the coming years. For instance, a new tariff/tax policy was placed on paints for every gram of VOC. Of the large global markets, India is predicted to be the fastest-growing market globally, owing to the swift growth in the paint & coating additives market. On account of continuous enhancements in economic conditions across the region, the market for paints & coating additives will boost the demand for infrastructural activities in the country. Additionally, growing developments in residential and commercial sectors are predictable to lift the paints and coatings market across India. Thus, fueling the demand for paints and coatings additives in the coming years. Moreover, an increase in a number of mergers and acquisitions, joint ventures, and collaboration between various industry players will give plenty of room for the paints & coating additives market across the region.
List of Companies Covered:
Key Industry Development:
In March 2018, Solvay expanded its portfolio with new specialty monomers and performance additives for coatings, paints, adhesives, and inks. Additionally, the products will offer numerous benefits such as particle-size control, better adhesion to substrates, emulsion stability, and improved wetting & dispersion.
In October 2018, Allnex introduced a new technology named BECKOPOX® EH 2162, which can be used for low viscosity and can easily incorporate amine hardener for low volatile organic compounds coatings like concrete floor finishes.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall paints & coating additives market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
This product will be delivered within 2 business days.
Rising government regulations coupled with technological advancement in paints & coating additives will boost the market
The global paints & coating additives market is growing proficiently, projected to grow at a CAGR of 6.1% during the expected period from 2019 to 2027, starting from US$ 7.43 Bn in 2018.
The paint & coating additives are used as raw materials that improve both features and application of paints & coatings in numerous industries. Additionally, a slight addition of additives to paints and coatings will significantly expand their performance efficiency. Moreover, the additives which include wetting & dispersing agents, thickener & anti-setting agents, deformers, and specialty additives offer numerous properties like durability, enhanced appearance, and anti-corrosiveness. The aforementioned factors have increased the major application of additives in decoration, environmental protection, and texture enhancement, thereby expanding the market for paints & coating additives over the forecast period.
In the present global scenario, additives are mainly used as performance enhancers throughout the production process. Additionally, the growing trend of using multifunctional additives which provides multiple properties in a single additive will drive the market on a global scale. For instance, Troy Corporation introduced a wet substrate and flow additive i.e. Troysol ZLAC, which subsidizes the emission of volatile organic compounds (VOC) from the substrate during and after application of paint/coating. Furthermore, the significant use of paints & coating across various industries like architectural, automotive, industrial, wood, aerospace, and marine applications, will drive the demand for additives globally.
Application Analysis
Rapid growth in industrial activities coupled with increasing demand for decorative coating worldwide will spark market growth
The architectural segment comprises coating additives that are used in commercial purposes like warehouses, office buildings, shopping malls, retail convenience stores, and residential buildings. In addition, few of its major application in architectural coating includes defoamers, rheological modifiers, wetting agents and dispersants. Moreover, the presence of properties like stabilizing pigment, enhancing surface properties, dispersing properties, enhancing wetting and defoaming properties, is likely to expand the market revenue globally. Furthermore, the growing demand for decorative coatings in residential units for better aesthetics is projected to expand the market in architectural coatings in the coming years.
On account of, growing demand for paints and coatings, in turn, will increase the additives market exponentially. Moreover, additional applications such as corrosion inhibition, surface protection, infrastructure, and decoration of buildings, are likely to enhance the architectural segment, thereby boosting the market growth for the architectural segment over the forecast period.
Regional Analysis
Dominance is led by the growing construction activities coupled with rising in consumer disposable income to drive the global paint & coating additives market
Asia-Pacific is projected to hold the highest market share in 2018 and is likely to remain the largest market over the forecast period, owing to the growing demand from automotive, construction, furniture, and industrial applications. Additionally, swift growth in the construction industry is a significant driver for the paint & coating additives market across the region. Moreover, the presence of developing countries like India, China, and Japan contributes to the market growth, owing to the rising demand for paints & coatings from numerous industries such as furniture, construction, and many more industries. Furthermore, augmented prominence on environment-friendly coatings will continue to expand the market over the forecast period 2019-2027.
Growing adoption towards new rules and regulations by major industry players for environmental concerns will dominate the market in the coming years. For instance, a new tariff/tax policy was placed on paints for every gram of VOC. Of the large global markets, India is predicted to be the fastest-growing market globally, owing to the swift growth in the paint & coating additives market. On account of continuous enhancements in economic conditions across the region, the market for paints & coating additives will boost the demand for infrastructural activities in the country. Additionally, growing developments in residential and commercial sectors are predictable to lift the paints and coatings market across India. Thus, fueling the demand for paints and coatings additives in the coming years. Moreover, an increase in a number of mergers and acquisitions, joint ventures, and collaboration between various industry players will give plenty of room for the paints & coating additives market across the region.
List of Companies Covered:
- AGC Inc
- ALTANA
- Arkema Group
- Ashland
- BASF SE
- Cabot Corporation
- DAIKIN INDUSTRIES, Ltd
- Dow
- Dynea AS
- Eastman Chemical Company
- Elementis PLC
- Evonik Industries AG
- K-Tech (India) Limited
- Momentive
- Nouryon
- Solvay
Key Industry Development:
In March 2018, Solvay expanded its portfolio with new specialty monomers and performance additives for coatings, paints, adhesives, and inks. Additionally, the products will offer numerous benefits such as particle-size control, better adhesion to substrates, emulsion stability, and improved wetting & dispersion.
In October 2018, Allnex introduced a new technology named BECKOPOX® EH 2162, which can be used for low viscosity and can easily incorporate amine hardener for low volatile organic compounds coatings like concrete floor finishes.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall paints & coating additives market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the paints & coating additives market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which type of segment holds a larger market share and why?
- Are low and middle-income economies investing in the paints & coating additives market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Market Dynamics
4. Global Paints & Coating Additives Market, by Type , 2017-2027 (US$ Bn)
5. Global Paints & Coating Additives Market, by Application, 2017-2027 (US$ Bn)
6. North America Paints & Coating Additives Market Analysis, 2017-2027 (US$ Bn)
7. Europe Paints & Coating Additives Market Analysis, 2017-2027 (US$ Bn)
8. Asia Pacific Paints & Coating Additives Market Analysis, 2017-2027 (US$ Bn)
9. Rest of the World Paints & Coating Additives Market Analysis, 2017-2027 (US$ Bn)
10. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- AGC Inc
- ALTANA
- Arkema Group
- Ashland
- BASF SE
- Cabot Corporation
- DAIKIN INDUSTRIES, Ltd
- Dow
- Dynea AS
- Eastman Chemical Company
- Elementis PLC
- Evonik Industries AG
- K-Tech (India) Limited
- Momentive
- Nouryon
- Solvay
- The Lubrizol Corporation
