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Coating Additives Market Overview, Outlook, Size, Share, Demand 2024-2033
Coating Additives Market
The Business Research Company presents an extensive market research report on the ""Coating Additives Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Coating Additives industry. This report on Coating Additives market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The coating additives market size has grown strongly in recent years. It will grow from $9.36 billion in 2023 to $10.22 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to construction industry growth, increased paints and coatings demand, industrial manufacturing, increased regulatory compliance, and increased environmental concerns. The coating additives market size is expected to see strong growth in the next few years. It will grow to $14.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Key Market Players:
Akzo Nobel NV, Allnex Netherlands BV, ANGUS Chemical Company, Arkema SA, Ashland Global Holdings Inc., BYK Additives & Instruments, Cabot Corporation, Clariant AG, Dow Chemical Co., Eastman Chemical Company.
Market Drivers:
According to the Coating Additives Market Report 2024 by The Business Research Company, the company's investment in R&D (research and development) is the key trend gaining popularity in the coating additives market. 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 center in Japan for the development and production of new products.
More information about the Global Coating Additives Market Report -
https://www.thebusinessresearchcompany.com/report/coating-additives-global-market-report
Market segments for Coating Additives include:
1) By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additive, Other Types
2) By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions
3) By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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