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Coating Additives Market Key Data Points Mapped Including Top Key Players, Industry Scenario, Strategies, and Growth Factors for the Forecast Period Up to 2030 | grow at a CAGR of 7.5 %

07-23-2021 11:46 AM CET | Science & Education

Press release from: Supply Demand Market Research

Coating Additives Market Key Data Points Mapped Including Top

Coating additives have the ability to provide features such as lowering the dispersion of solids, anti-catering, anti-chipping, minimize wettability, improved UV protection to paint coatings and controls gloss. These additives are needed in fewer amounts, but they impact is more which improves the life of paints, makes them glossy and enhances their appearance.

The global coating additive market in 2020 was approximately USD 605 Million. The market is expected to grow at a CAGR of 7.5 % and is anticipated to reach around USD 870 million by 2025. Rising construction industry across the world has fuelled the demand for paints and which is turn is enhancing the growth of the coating additives market. In addition, from past few years, demand for coating additives is surged for various applications such as automotive, furniture and other applications. This demand is driving growth of the global coating additives market.

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Expanding automotive production is also an important factor responsible for the increase in demand for vehicles globally is projected to further propel growth of the coating additives demand over the upcoming years. On the other hand, the fluctuating raw materials will hamper the market growth.

The market for coating additive is intensely competitive and is highly fragmented. The vendors in the coating additive market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.

Key players in the market are Cytec Industries Inc, Buckman Laboratories International, Cabot Corp, Michelman, Dynea as, Lonza Group Ltd, Fuji Silysia Chemical Ltd, SK Formulations India Pvt. Ltd, Kamin LLC, Angus Chemical Company, Lorama Group Inc, Daikin Industries Ltd, Double Bond Chemical Ind. Co. Ltd, Kenrich Petrochemicals Inc, Rhodia SA, K-Tech Limited, ICL Advanced Additives, King Industries Inc, Chattem Chemicals, Lubrizol Corporation.

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Based On The Application, The Global Coating Additive Market Segmented Into

Acrylics
Fluoropolymers
Urethanes
Metallic Additive

Based On The Type, The Global Coating Additive Market Segmented Into

Architectural
Automotive
Industrial
Wood & Furniture

Based On The Region, The Global Coating Additive Market Segmented Into

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]

Under COVID-19 Outbreak, how the Coating Additives Industry will develop is also analyzed in detail in Chapter 1.7 of the report.

In Chapter 2.4, we analyzed industry trends in the context of COVID-19.

In Chapter 3.5, we analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets.

In Chapters 6 to 10 of the report, we analyze the impact of COVID-19 on various regions and major countries.

In chapter 13.5, the impact of COVID-19 on the future development of the industry is pointed out.

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