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Coating Additives Market Size, Industry Trends And Forecast To 2032 - Akzo Nobel NV, ANGUS Chemical Company, Arkema, Ashland Global Holdings, Inc., Momentive Performance Materials, Inc.
Coating Additives Market Research
The Business Research Company's Coating Additives Global Market Report 2023 identifies the strong growth in buildings and the construction sector as the major driver for the Coating Additives market's growth in the forecast period. In the construction sector, coating additives are used to improve the viscosity, surface effectiveness, and impact resistance of substrates. The rapid growth in residential and commercial construction activities across the globe and the growing adoption of environmentally friendly additives to improve wall and roof installations while maintaining environmental impact According to the study published by the United States Census Bureau, the annual number of residential housing units constructed increased from 583,000 units in 2009 to 1.5 million units in 2021.
The global coating additives market size grew from $8.64 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The coating additives market size is expected to grow to $12.95 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the Coating Additives market are Akzo Nobel NV, ANGUS Chemical Company, Arkema, Ashland Global Holdings, Inc., Momentive Performance Materials, Inc., Solvay SA, Clariant AG, Dow Chemical Co., Eastman Chemical Company, Elementis PLC, Evonik Industries AG, Allnex Netherlands B.V., Ineos Group AG, Kamin LLC, Keim Additec Surface GmbH, BYK Additives & Instruments, Cabot Corporation, Kyoeisha Chemical Co., Ltd., Michelman Inc., Rhodia SA, Shamrock Technologies, and Shin Etsu chemical Co Ltd.
A key trend in the Coating Additives market includes the company's investment in R&D. Companies operating in the coating additives market are increasing investments in R&D and initiatives to develop technologically advanced products to meet demand from various end-user industries across the globe. For example, in June 2021, BASF, a multinational chemical company, invested in a new R&D centre in Japan for the development and production of new products.
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The Coating Additives market is segmented -
By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additives, Other Types
By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions
By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Coating Additives market.
The Business Research Company's "Global Coating Additives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Coating Additives Market Include:
1. Executive Summary
2. Coating Additives Market Characteristics
3. Coating Additives Market Trends And Strategies
4. Coating Additives Market - Macro Economic Scenario
5. Coating Additives Market Size And Growth
……
26. Africa Coating Additives Market
27. Coating Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coating Additives Market
29. Coating Additives Market Future Outlook and Potential Analysis
30. Appendix
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