Press release
Enhancing Performance and Functionality of Coatings: The Role of Coating Additives - An In-Depth Analysis of the Market Trends and Opportunities
Coating Additives Market
The global coating additives market is projected to expand at a CAGR of 5.9% from 2022 to 2032. The global coating additives market is set to reach US$ 17 Billion by 2032. The introduction of green coatings and the booming building & construction sector worldwide are likely to drive high demand for coating additives. North America, led by the United States, holds the largest share in the global coating additives market.
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What Aspects are Driving Coating Additives Market Growth?
"Advent of Green Coatings - A Game Changer"
Coating additives are solutions that are incorporated into paints to improve their performance and quality. Due to developments in coating additives technology, they are utilized to enhance product attributes and eliminate or reduce issues that occur during the formulation and manufacture of paint systems.
The global coating additives market is anticipated to experience significant growth during the forecast period. Coating additives are rapidly needed to achieve zero-VOC emission criteria. Governments around the world are stepping up initiatives to decrease carbon emissions from construction operations.
The advent of green coatings is expected to provide revenue-generation opportunities in the coating additives market during the forecast period. Green coatings are likely to become more prominent in the motive sector in the coming years, contributing to the expansion of the global coating additives market.
Key Companies-
Akzo Nobel N.V.
Arkema SA
Ashland Inc.
BASF SE
Cytec Industries Inc.
Evonik Industries AG
Momentive Specialty Chemical Inc.
Solvay S.A.
The Dow Chemical Company
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Coating Additives Industry Research Segmentation
By Type:
Acrylics
Fluoropolymers
Urethanes
Metallic Additives
Others (epoxy, Polyalkyds, Amines)
By Function:
Rheology Modification
Biocides Impact Modification
Anti-Foaming
Wetting & Dispersion
Others (Slip & Rub, Flexibility, Curing, etc.)
By Formulation:
Solvent-borne
Water-borne
Powder-based
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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Key Questions Answered in Coating Additives Market Report -
What is the projected growth rate for the coating additives market?
What is the predicted value of the global coating additives market?
What are the main factors driving the growth of the market?
Which region accounts for the largest share of the global market?
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