Paint Additives Market to Witness a Pronounce Growth During 2028: Akzo Nobel NV, Arkema SA, Ashland Global Holdings Inc

A recent report published by QMI on Paint Additives market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of Paint Additives historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Paint Additives during the forecast period. It can enable manufacturers of Paint Additives to change their production and marketing strategies in order to envisage maximum growth.

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What are the paint additives and what are their applications?

Paint Additives are unique components that enhance paint functionality, efficiency, and quality. Paint additives assist to modify paint characteristics to enhance viscosity, impact resistance, flow control, anti-chipping, gloss control, foam decrease, and paint efficiency. The coating formulation is mixed with a small amount of paint additives to improve finishing and ensure the durability of the coated film.

Paints additives are used in a broad variety of sectors such as petroleum and gas, marine, aviation, cooking and household appliances, furnishings, equipment, and automotive. Using additives in the right order, at the right time, and in the right proportion in paint can help improve the appearance, coating durability, and paint flow. Additives break bubbles that are created for implementation in the paint when the paint is blended. The use of additives is also intended to enhance the characteristics of manufacturing and storage. It also decreases the paint's drag.

The global paint additives market is growing with the increasing demand for multifunctional additives, which provide same performance level as that of individual additives. Also, with the rise in building expenditure in developing economies, the global market for paint additives is increasing. A growing number of industry members are also shifting towards the production of "green paints" which are environmentally friendly paints with zero volatile organic compounds. This trend is mainly due to a change in consumer preferences that is affected by rigorous regulatory policies. These elements are anticipated to have a positive impact on the global paint additives market. Additionally, rapid economic expansion has led in robust architectural building and industrial operations in most developing economies. This has developed a huge demand for paints. These factors are fueling the growth of the global paint additives market.

Important Factors Impacting Market Growth:

o Growing demand from industrial and architectural sectors
o Growing global paint and coating industry
o Rapid economic expansion in most of the developing economies
o Huge investments in R&D activities to reduce operation and manufacturing cost of paint additives
o Growing inclination to green paint

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Akzo Nobel NV
2. Arkema SA
3. Ashland Global Holdings Inc.
4. BASF SE
5. BYK-Chemie GmbH
6. Asahi Glass Co. Ltd.
7. Dow Chemical
8. Evonik Industries AG
9. Arch Chemicals
10. Lonza Group AG
11. Daikin Industries Ltd.
12. PPG Industries
13. Sherwin-Williams
14. RPM International Inc.
15. Axalta
16. Valspar
17. The Behr Paint Company
18. Benjamin Moore & Co.
19. Ennis-Flint Inc.
20. Dunn-Edwards Corporation
21. Quest Specialty Chemicals
22. Diamond Vogel Paints
23. Kansai Paint Co. Ltd
24. BYK USA Inc.
25. ANGUS Chemical Company
26. BYK Netherlands B.V.
27. Nippon Paint Holdings Co Ltd

Insights about regional distribution of market:
Based on region, the paint additives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on are also North America and Western Europe being some of the major markets. Major North American and Western European companies are headquartered in this market. This region has witnessed a number of transitions by end-use industries in terms of the production of chemicals and their respective applications.

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Asia Pacific and Middle East are expected to record significant growth in the market for paint additives over the forecast period. This demand is for the growth of major end-use industries like architectural, industrial, automotive, industrial, wood & furniture, and others. Major Asia-Pacific countries include China, South Korea, Japan, India, and Australia. The Middle East covers the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was dominated largely by Russia and Turkey. Rest the world that includes South America and Africa has powerful market potential for paint additives. Global companies have increasingly made investments in these regions to strengthen their presence and to tap the potential market. Major market economies for paint additives in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia and others.

Market Segmentation:

By Type:
Metallic Additive
Fluoropolymers
Acrylics
Urethanes
Polyalkyds
Others

By Application:
Rheology Modification
Biocides Impact Modification
Wetting & Dispersion
Anti-Foaming
Flexibility
Others

By End Use:
Architectural
Industrial
Automotive
Industrial
Wood & Furniture
Others

By Region:

North America
By Country (US, Canada, Mexico)
By Type
By Application
By End Use

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Application
By End Use

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
By End Use

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Application
By End Use

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Application
By End Use

Rest of the World
By Region (South America, Africa)
By Type
By Application
By End Use

Reasons To Buy This Report:

Market size estimation of the global paint additives market on regional and global basis

Unique research design for market size estimation and forecast

Profiling of major companies operating in the market with key developments

Broad scope to cover all the possible segments helping every stakeholder in the market

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +1 208 405 2835 / +44 121 364 6144 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.