The global coating additives market was valued at $10.0 billion in 2022, and is projected to reach $17.1 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
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 are a specialized group of chemically engineered functions that find application in a number of industries. Their use in coatings formulations is increasingly becoming popular, owing to the performance enhancements that these functions offer. They impart excellent chemical properties to the formulation, including improved wettability, dispersion, rheology, UV protection, chemical resistance, and high-temperature stability. They are widely used in many industrial fields under severe conditions. In architecture, use of highly effective additives is essential in production and application of coatings. Additives developed and manufactured by CHT, based in Germany, for architectural paints, concrete, industrial coatings, and printing inks are highly effective in adjusting desired product properties or positively influencing production and application processes according to desired requirements. In the automotive industry, additives provide automobiles a unique appearance, which makes them desirable for customers.
The industry launched novel paint additives. Some offered high sparkle finishes and other chromic colors and mirror-like finishes to automobile components. Thus, demand for coating additives is going to increase during the forecast period. Furthermore, the construction industry extensively uses coatings for architectural purposes, including paints for interior and exterior surfaces, protective coatings for infrastructure, and coatings for flooring and roofing. Coating additives are employed to improve the durability, weather resistance, adhesion, and appearance of these coatings. As the construction industry continues to grow, driven by urbanization and infrastructure development, the demand for coating additives is expected to rise.
Moreover, coatings are widely used in various industrial manufacturing processes to protect substrates, enhance surface properties, and provide functional benefits. Industries such as machinery, equipment, electronics, appliances, and metal fabrication utilize coatings to improve aesthetics, corrosion resistance, chemical resistance, and wear resistance. Coating additives are employed to enhance these properties, and as industrial manufacturing expands, the demand for coating additives grows. Moreover, the marine industry relies on coatings to protect marine structures, ships, and offshore installations from corrosion, fouling, and harsh marine environments. Coating additives are used to improve the performance and longevity of marine coatings, providing benefits such as anti-fouling, corrosion resistance, and UV protection. With the growth in marine infrastructure and shipping activities, the demand for coating additives in the marine sector is expected to rise.
In addition, coatings are applied to packaging materials, such as metal cans, plastic containers, and flexible films, to provide protection, barrier properties, and visual appeal. Coating additives are used to improve adhesion, printability, scratch resistance, and chemical resistance in packaging coatings. As the demand for packaged goods continues to grow, the packaging industry drives the demand for coating additives. The aerospace industry requires coatings that can withstand extreme environmental conditions, including high temperatures, corrosive environments, and aerodynamic stresses. Coating additives play a crucial role in enhancing the performance and durability of aerospace coatings. They are used to improve adhesion, provide thermal protection, reduce weight, and ensure resistance to erosion and chemicals. With the growing aerospace industry, coating additives manufacturers have an opportunity to cater to the specific requirements of this sector. Increase in number of applications in the coatings industry drives the growth of the coating additives market and is expected to have moderate impact on the global coating additives market during the forecast period.
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, and 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, Ashland, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay. These players have adopted product launch as their key strategy to strengthen their presence in the market.
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.
Increase in Number of Applications in End-User Industries
Coating additives are some of the most important contents in the formulation of a coating, as they help control its performance. Additives can be used to alter natural properties of coating and resin to provide a higher-quality finished product. Applications of these additives range from furniture and construction to automotive coatings. Coating additives are being increasingly used to modify rheology, wetting, dispersing, anti-fouling, and anti-foaming properties of coating formulations. The focus on the use of waterborne and powder coatings is increasing with tightening environmental regulations. The global coatings additives market witnesses increasing demand from various industries including architectural, automotive, industrial, and wood & furniture.Coating additives are a specialized group of chemically engineered functions that find application in a number of industries. Their use in coatings formulations is increasingly becoming popular, owing to the performance enhancements that these functions offer. They impart excellent chemical properties to the formulation, including improved wettability, dispersion, rheology, UV protection, chemical resistance, and high-temperature stability. They are widely used in many industrial fields under severe conditions. In architecture, use of highly effective additives is essential in production and application of coatings. Additives developed and manufactured by CHT, based in Germany, for architectural paints, concrete, industrial coatings, and printing inks are highly effective in adjusting desired product properties or positively influencing production and application processes according to desired requirements. In the automotive industry, additives provide automobiles a unique appearance, which makes them desirable for customers.
The industry launched novel paint additives. Some offered high sparkle finishes and other chromic colors and mirror-like finishes to automobile components. Thus, demand for coating additives is going to increase during the forecast period. Furthermore, the construction industry extensively uses coatings for architectural purposes, including paints for interior and exterior surfaces, protective coatings for infrastructure, and coatings for flooring and roofing. Coating additives are employed to improve the durability, weather resistance, adhesion, and appearance of these coatings. As the construction industry continues to grow, driven by urbanization and infrastructure development, the demand for coating additives is expected to rise.
Moreover, coatings are widely used in various industrial manufacturing processes to protect substrates, enhance surface properties, and provide functional benefits. Industries such as machinery, equipment, electronics, appliances, and metal fabrication utilize coatings to improve aesthetics, corrosion resistance, chemical resistance, and wear resistance. Coating additives are employed to enhance these properties, and as industrial manufacturing expands, the demand for coating additives grows. Moreover, the marine industry relies on coatings to protect marine structures, ships, and offshore installations from corrosion, fouling, and harsh marine environments. Coating additives are used to improve the performance and longevity of marine coatings, providing benefits such as anti-fouling, corrosion resistance, and UV protection. With the growth in marine infrastructure and shipping activities, the demand for coating additives in the marine sector is expected to rise.
In addition, coatings are applied to packaging materials, such as metal cans, plastic containers, and flexible films, to provide protection, barrier properties, and visual appeal. Coating additives are used to improve adhesion, printability, scratch resistance, and chemical resistance in packaging coatings. As the demand for packaged goods continues to grow, the packaging industry drives the demand for coating additives. The aerospace industry requires coatings that can withstand extreme environmental conditions, including high temperatures, corrosive environments, and aerodynamic stresses. Coating additives play a crucial role in enhancing the performance and durability of aerospace coatings. They are used to improve adhesion, provide thermal protection, reduce weight, and ensure resistance to erosion and chemicals. With the growing aerospace industry, coating additives manufacturers have an opportunity to cater to the specific requirements of this sector. Increase in number of applications in the coatings industry drives the growth of the coating additives market and is expected to have moderate impact on the global coating additives market during the forecast period.
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, and 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, Ashland, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay. These players have adopted product launch as their key strategy to strengthen their presence in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coating additives market analysis from 2022 to 2032 to identify the prevailing coating additives market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the coating additives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global coating additives market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By End Use Industry
- Architectural
- Industrial
- Automotive
- Wood and Furniture
- Others
By Formulation
- Water Borne Coating
- Solvent Borne Coating
- Solventless Coating
- Powder Coating
- Radiation Curable Coating
By Function
- Anti Foaming
- Wetting and Dispersion
- Rheology Modification
- Biocides
- Impact Modification
- Others
By Type
- Urethanes
- Metallic Additives
- Others
- Acrylic
- Fluoropolymers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Arkema
- BASF SE
- Dow
- Solvay
- Momentive
- Ashland
- LANXESS
- Evonik Industries AG
- Eastman Chemical Company
- CLARIANT
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COATING ADDITIVES MARKET, BY TYPE
CHAPTER 5: COATING ADDITIVES MARKET, BY FUNCTION
CHAPTER 6: COATING ADDITIVES MARKET, BY FORMULATION
CHAPTER 7: COATING ADDITIVES MARKET, BY END USE INDUSTRY
CHAPTER 8: COATING ADDITIVES MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the coating additives market was valued at $10.0 billion in 2022, and is estimated to reach $17.1 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.Fluoropolymers coating additives are specifically designed for use in fluoropolymer-based coatings. Fluoropolymers, such as polytetrafluoroethylene (PTFE) and polyvinylidene fluoride (PVDF), offer exceptional chemical resistance, high-temperature stability, low friction, and nonstick properties. Fluoropolymers are widely used in various industries, including automotive, aerospace, electronics, and cookware, where nonstick, chemical resistance and high-performance coatings are required. Fluoropolymers are well-known for their excellent nonstick and release properties. Fluoropolymer additives help impart these characteristics to coatings, making them resistant to adhesion and facilitating easy release of substances, such as oils, liquids, or solids, from the coated surface. Fluoropolymers provide outstanding chemical resistance, making them suitable for coatings exposed to aggressive chemicals, acids, bases, and solvents. Fluoropolymer additives enhance the chemical resistance of coatings, protecting the underlying substrate and extending the lifespan of the coated surface.
Fluoropolymer additives improve the low friction and wear resistance properties of coatings. They reduce the coefficient of friction between surfaces, providing lubricity and reducing wear and abrasion. This makes them beneficial in applications where reduced friction, smooth sliding, and extended component life are desired. Fluoropolymer coating additives enhance the nonstick, chemical resistance, high-temperature stability, low friction, and wear resistance properties of coatings based on fluoropolymers. They offer advantages such as nonstick properties, chemical resistance, high-temperature stability, low friction, UV resistance, electrical insulation, and surface protection. By incorporating fluoropolymer additives, coating manufacturers can tailor coatings to meet specific requirements and achieve superior performance in a wide range of industries and applications.
Supportive Environmental Regulations for Low VOC Coating Additives
Environmental regulations play a crucial role in driving the adoption of low volatile organic compound (VOC) coating additives. VOCs are chemicals that vaporize easily at room temperature and contribute to air pollution and the formation of harmful ozone. When VOCs mix with nitrogen oxides, smog is created, especially on hot summer days. Car exhausts, gasoline-powered lawn and garden equipment, gasoline dispensing stations, industrial coatings, inks, printing shops, paints, household chemicals, and building and furnishing functions are all common sources of VOC emissions. VOCs can cause eye, nose, and throat irritations, headaches, dizziness, vision disturbances, and memory impairment if consumed in high quantity. In extreme cases, it causes cancer in animals, and some are suspected of causing cancer in humans. To encourage the use of environmentally friendly coatings, many governments have implemented regulations and standards that limit the VOC content in coatings and related products.
Stringent environmental, clean air, and waste management legislation continues to drive the coatings industry toward 'green” chemistry and lower-VOC technologies. Originators of legislation includes the North Eastern Ozone Transport Commission states (OTC), the California Air Resources Board (CARB), the South Coast Air Quality Management District (SCAQMD), and the Environmental Protection Agency (EPA). South Coast Air Quality Management District (SCAQMD) is an air pollution control agency in California, U. S., that has implemented some strict regulations for VOC emissions. The agency's Rule 1113 sets limit on VOC content for architectural coatings, industrial maintenance coatings, and more. Compliance with these regulations necessitates the use of low VOC coating additives. The U. S. Environmental Protection Agency (EPA) established VOC regulations under the Clean Air Act for various industries, including architectural coatings, industrial maintenance coatings, and automotive coatings. These regulations set specific VOC limits for different coating categories, encouraging the use of low VOC coatings and additives. The U. S. EPA regulates VOCs at Federal level in 40 CFR 59, which is the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products. VOC controls for products are typically based on the application of products, such as Aerosol Coatings, Architectural Coatings, Automobile Refinish Coatings, and Consumer Products. For instance, Aerosol Coatings are covered in 40 CFR 59 Subpart E, which includes responsibilities of defined parties, definitions, labelling requirements, record keeping, reporting requirements and category limits.
As defined in 40 CFR 59.503, an Aerosol Coating Product is a pressurized coating product containing pigments or resins that is dispensed by means of a propellant and is packaged in a disposable can for hand-held application, or for use in specialized equipment for ground traffic/marking applications. Furthermore, the government of China, in recent years has passed legislation mandating reduction of VOC emissions from manufacturing plants, including those that produce and those that use paints and coatings. These regulations have been and continue to impact entire coatings supply chain in China, including small and large domestic and multinational raw function/ingredient suppliers, coatings formulators, and end users. A shift is observed in automotive, industrial wood, and architectural segments as the government initiated the move to lower VOC technologies in 2013. In 2017, regulations led to a 100% shift from solvent borne to waterborne coatings for most container types. The agriculture, construction, and engineering (ACE) segment also moved to greener technologies such as high solids, waterborne, and powder, and environmentally friendly technologies, which are used in coil coatings and protective coatings. Environment regulations framed to reduce VOC content to minimize environmental issues supports the growth of the coating additives market. This factor is expected to have high impact on the global coating additives market during the forecast period.
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, and 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, Ashland, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay. These players have adopted product launch as their key strategy to strengthen their presence in the market.
Key Findings Of The Study:
Based on type, the acrylic segment accounted for the largest share in 2022, contributing to more than one-fourth of the global coating additive market revenue, and is anticipated to register the highest CAGR of 6.2% during the forecast period.On the basis of the formulation, the water-borne coating segment dominated the largest market share in 2022 contributing to more than one-fourth of the global coating additive market revenue.
On the basis of the function the rheology modification segment dominated the largest market share in 2022 contributing to more than one-fourth of the global coating additive market revenue and is anticipated to register the highest CAGR of 6.2% during the forecast period.
On the basis of the end-use industry, the architectural segment dominated the largest market share in 2022 contributing to more than one-third of the global coating additive market revenue, and is anticipated to register the highest CAGR during the forecast period.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than half of the global Coating additive market and is anticipated to register the highest CAGR during the forecast period.
Companies Mentioned
- Arkema
- BASF SE
- Dow
- Solvay
- Momentive
- Ashland
- LANXESS
- Evonik Industries AG
- Eastman Chemical Company
- CLARIANT
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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