Press release
Waterborne Coating Additives Market Size , Growth Research Report 2024-2032 | 250 Pages
Waterborne Coating Additives Market
Market Overview
Waterborne coating additives are specialty chemicals incorporated into water-based coatings to enhance their performance and functionality. These additives offer several advantages over traditional solvent-borne coatings, including lower volatile organic compound (VOC) emissions, improved safety, and reduced environmental impact.
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Key Trends Shaping the Market
Stringent Environmental Regulations: Regulatory bodies worldwide are implementing stricter VOC emission limitations, driving the demand for waterborne coatings and their additives.
Growing Demand for Sustainable Solutions: Consumers and businesses are increasingly seeking eco-friendly products, leading to a surge in demand for sustainable waterborne coating solutions.
Rise of End-Use Industries: The growth of the construction, automotive, and wood & furniture industries is creating a robust demand for high-performance and durable coatings, propelling the waterborne coating additives market.
Market Drivers and Restraints
Drivers:
Growing environmental concerns and regulations
Rising demand for sustainable coatings
Increasing demand from end-use industries like construction and automotive
Restraints:
High cost of waterborne coating additives compared to solvent-borne alternatives
Technological challenges in formulating high-performance waterborne additives
Growth Opportunities
Development of innovative and cost-effective waterborne coating additives
Expansion into emerging markets in Asia Pacific and Latin America
Increased focus on bio-based and eco-friendly additives
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SWOT Analysis
Strengths: Environmentally friendly, low VOC content, good performance properties
Weaknesses: Higher cost compared to solvent-borne additives, limited availability of high-performance options
Opportunities: Growing demand for sustainable solutions, technological advancements, expansion into new markets
Threats: Fluctuations in raw material prices, stringent regulations, competition from alternative technologies
Strategic Developments
In 2021, BASF SE launched two new waterborne coating additives, namely Dispex CX 4326 and Dispex CX 4327. The new additives are designed to improve the performance of waterborne coatings in various applications such as automotive and industrial coatings.
In 2020, Dow Chemical Company launched a new waterborne coating additive called Paraloid Surecel. The new additive is designed to enhance the properties of waterborne coatings and improve their performance in various applications such as automotive, industrial, and architectural coatings.
In 2020, Wacker Chemie AG announced that it had acquired Silres IC, a specialized silicone resin manufacturer. The acquisition was aimed at expanding Wacker Chemie's product portfolio and strengthening its position in the waterborne coating additives market.
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Key Market Insights :
Defoamers, rheology modifiers, dispersants, wetting agents, and other types are among the categories into which the global market for aqueous coating additives has been divided. Due to their widespread use in aqueous coatings to prevent foam formation during the application process, defoamers accounted for a sizeable revenue share in the market in 2022. Defoamers guarantee that the coating process is more efficient and that the coatings are applied uniformly and smoothly. They also shield the coated surface from flaws like pinholes and craters, improving the final product's quality. These benefits are anticipated to increase demand for defoamers in the market for aqueous coating additives and boost sales.
The wood segment is anticipated to develop at a high rate. The rising demand for wood coatings across a variety of end-use industries, including furniture, flooring, and decking, is credited with driving this segment's rise. Due to their low VOC emissions and environmental friendliness, waterborne coatings are favored over solvent-based coatings in the wood industry. The advantages of waterborne coating additives include better wood penetration, film development, and adherence. The demand for aqueous coating additives in the wood market is also anticipated to rise as customers become more aware of the negative impacts of solvent-based coatings.
The Asia Pacific region is anticipated to lead the global market for waterborne coating additives. The expansion of numerous sectors, including the construction, automotive, and packaging industries, is what is driving the region's demand for waterborne coating additives. Construction is expanding quickly in rising nations like China and India, which is likely to increase demand for waterborne coating additives. The region's automotive sector is also expanding quickly, which is anticipated to further fuel demand for aqueous coating additives.
Major players in the waterborne coating additives market include:
AkzoNobel N.V.
Arkema S.A.
BASF SE
Croda International Plc
Dow Chemical Company
Evonik Industries AG
Lonza Group AG
Wacker Chemie AG
The Lubrizol Corporation
Clariant AG
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision.
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