Press release
Coating Additives Market Review, Trends, Cost Structure Analysis, Growth Forecast For Major Key Players: AkzoNobel, Arkema, Ashland, BASF, The Dow Chemical Company, Solvay, Evonik, Momentive & Eastman Chemical Company Forecast by 2023
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The major functions of coating additives include anti-foaming, wetting and dispersion, rheology modification, biocidal and impact modification to overcome surface defects and problems that occur during application of paints or post-drying. They also possess drying, surface modification, leveling, anti-settling and anti-sagging properties.
The increasing use of urethane-based coating additives in construction, industrial and automotive applications is expected to drive the global market during the forecast period. The growth in the construction industry driven by the rise in infrastructure expenditure in the emerging markets of Asia-Pacific and Latin America is expected to contribute to the rise in demand for coating additives at a significant level.
Coating additives are used in automotive, industrial, architectural, wood and furniture industries. They are also used in construction paints to improve the impact resistance, viscosity and surface-effectiveness of substrates.
The key trend observed in the market include the development of high quality additives by companies through new technologies and raw material sources. Major players such as AkzoNobel N.V., Arkema, Ashland Inc. and BASF SE have been investing in research and development (R&D) activities to produce superior and bio-based products to broaden their market presence to retain market share in the global coating additives market.
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The key players operating in the global coating additives market include AkzoNobel N.V., Arkema, Ashland Inc., BASF SE, Atlanta AG, The DOW Chemical Company, Solvay, Evonik Industries AG, Momentive Performance Materials Inc., and Eastman Chemical Company.
Market Segmentation
By Type
• Acrylic
• Metallic
• Fluoropolymer
• Urethane
• Others
By Function
o Anti-foaming agents
o Wetting and dispersing agents
o Biocides
o Rheology modification
o Impact modification
o Others
By Application
o Automotive
o Architectural
o Industrial
o Wood and furniture
o Others
By Formulation
• Solvent-borne
• Water-borne
• Powder
By Region
o Asia-Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Rest of Asia-Pacific
o North America
• U.S
• Canada
o Europe
• Germany
• U.K
• France
• Italy
• Spain
• Russia
• Turkey
• Rest of Europe
o Middle East and Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East and Africa
o Latin America
• Brazil
• Chile
• Argentina
• Mexico
• Rest of Latin America
About P&S Intelligence
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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