Demand For Waterborne Coating Additives Is Projected To Rise At A CAGR Of 4.5% By 2031

As per Fact.MR - a market research and competitive intelligence provider, the global coating additives market was valued at around US$ 8 Bn in 2020, and is predicted to expand at a CAGR of 5% over 2021-2031 forecast period.

Increasing adoption of smart coatings is expected to rise because of their multifunctional benefits such as anti-fouling, anti-corrosive, and anti-microbial, among others. Smart coatings provide protective and decorative properties with self-healing characteristics, thereby positively impacting demand for coating additives.

Transformation of the aerospace industry and increasing aircraft deliveries will accelerate demand for coating additives over the coming years. Multifunctional additives are pivotal advances in the coating industry. Urbanization is expanding at a rapid pace. In addition, infrastructural growth rate in various countries has increased considerably.

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Key takeaways of Global Waterborne Coating Additives Market

Global Waterborne Coating Additives market is anticipated to create a value opportunity of around US$ 200 Mn during the forecast period, adding 1.5X times more value as compared to 2019.
Market consolidation is set to affect the flame retardant coatings additive market by the end of 2029, with Bromine accounting for more than 30% of the market. Intermediate functions are projected to grow at just over 3% CAGR, as they are key agents for the production of flame retardants. Bromine flame retardants are set to decline at a faster pace by 1.8X
Phosphorus is set to grow at a sluggish 3% during the forecast period of 2019-2029 and is set to gain 800 BPS through 2029.'
Europe holds the leading share and accounts for 20,000 tons of flame retardant coatings additive production to cater to the requisite demand from flame retardant producers in Europe.
South Asia & Oceania and East Asian markets are set to grow at a steady pace, due to near absence of demand from these regions
Waterborne Coating Additives market is highly consolidated in nature with BASF AG, Lanxess AG, DuPont and Clariant AG as top contenders in the global market

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Key Segments in Coating Additives Industry Research

Product

Acrylic-based Coating Additives
Urethane Coating Additives
Metallic Coating Additives
Fluoropolymer Coating Additives

Function

Rheology Modifiers
Dispersants
Foam Control
Slip/Rub
Wetting Agents
Others
Anti-Foaming Coating Additives
Defoaming Coating Additives

Formulation

Waterborne Coating Additives
Solvent-based Coating Additives
Powder Coating Additives
High Solids Coating Additives
UV Cure Coating Additives
Others
Radiation Curable Coatings
Solvent-borne Coatings
Solvent Less Coatings

Application

Architectural Coating Additives
Automotive Coating Additives
Wood & Furniture Coating Additives
Industrial Coating Additives

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Competitive Landscape
Key coating additive manufacturers are developing innovative products and are expanding their geographical reach to cater to the growing demand for functional additives. Sales of anti-foaming coating additives, bio-based coatings additives, and fluoropolymer coating additives are also expected to proliferate over the coming years.

Furthermore, they are also entering into a long-term supply contracts with raw material suppliers and end-users to have a strong presence in the worldwide market. Some of the current significant developments in the market include:

In 2019, Ashland Inc. a specialty chemicals company, added Strodex PK-86NV specialty phosphate ester surfactant to its dynamic product portfolio for waterborne architectural coatings.
In 2019, BYK-Chemie GmbH (Altana), a specialty chemicals company, announced the expansion of BYK's specialty chemicals division in Shanghai, China. This expansion enables the company to serve consumers in the fast growing Asian markets.
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Crucial insights in the Coating Additives Market Market research:

Underlying macro- and microeconomic factors impacting the growth of the Coating Additives Market Market Basic overview of the Coating Additives Market Market including market definition, classification, and applications.
Scrutinization of each Coating Additives Market Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Coating Additives Market Market across various industries.
Important regions and countries offering lucrative opportunities to Coating Additives Market Market stakeholders.

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