Coating Additives Market to Witness Robust Expansion Throughout the Forecast Period 2021 - 2030

Supportive environmental regulations for low VOC coating additives and rise in number of applications in several end-user industries drive the growth of the global coating additives market. On the other hand, strict environments dictums restrain the growth to some extent. However, surge in demand for water-borne and powder-based coating additives in green construction is expected to create lucrative opportunities in the industry.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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As per the report, the global coating additives industry was accounted for $9.0 billion in 2020, and is expected to reach $15.0 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

Based on function, the rheology modification segment held the major share in 2020, generating nearly one-fourth half of the global coating additives market, owing to increase in usage of rheology additives as it provides film thickness, increases viscosity of finished products, and improves elastic properties of coatings. The same segment is also projected to cite the fastest CAGR of 5.8% during the forecast period.

The Coating additives market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Coating Additives Companies Covered Market:- BASF, Solvay, BYK Additives & Instruments, Clariant, Arkema, Dow Chemical Co., Eastman Chemical Co., Evonik and Other.

Based on type, the acrylic segment held the highest share in 2020, generating more than one-fourth of the global coating additives industry. This is due to rise in demand for acrylic material for coating additives. The same segment would also cite the fastest CAGR of 5.8% from 2021 to 2030.

Analysis of COVID-19 impact:

The outbreak of the pandemic has had a massive impact on the majority of industries and the Coating additives market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Coating additives market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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