Coating Additives Market Set for Rapid Growth and Trend by 2024-2032 Key Drivers And Analysis

Coating Additives Market Overview:

Allied Market Research has released a comprehensive report titled "Coating Additives Market by Function (Anti-foaming, Wetting & Dispersion, Rheology Modification, Biocides, Impact Modification, and Others), Type (Acrylic, Fluoropolymers, Urethanes, Metallic Additives, and Others), Formulation (Water-Borne Coating, Solvent-Borne Coating, Solventless Coating, Powder Coating, and Radiation Curable Coating), and End-Use Industry (Architectural, Industrial, Automotive, Wood & Furniture, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030."

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1719

Market Insights:

The global coating additives market was valued at $9.0 billion in 2020 and is projected to reach $15.0 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030.

Key Drivers, Restraints, and Opportunities:

Drivers: The growth of the coating additives market is primarily driven by supportive environmental regulations favoring low-VOC (volatile organic compounds) additives and an increase in applications across various end-user industries.

Restraints: However, stringent environmental regulations may pose challenges to market expansion.

Opportunities: The rising demand for water-borne and powder-based coating additives, especially in green construction, presents significant opportunities for market players.

Segment Analysis

Function: The rheology modification segment dominated the market in 2020, accounting for nearly one-fourth of the total market share. This is attributed to the increasing use of rheology additives that enhance film thickness, increase viscosity, and improve the elastic properties of coatings. This segment is also projected to exhibit the fastest growth, with a CAGR of 5.8% during the forecast period.

Type: The acrylic segment emerged as the largest contributor to the market in 2020, generating over one-fourth of the total revenue. The increasing demand for acrylic materials in coating additives is driving this trend. It is expected to maintain a strong growth trajectory, with a CAGR of 5.8% from 2021 to 2030.

Region: The Asia-Pacific region, followed by Europe and North America, captured the largest market share in 2020, accounting for nearly half of the global market. The Asia-Pacific region is projected to grow at the fastest rate, with a CAGR of 6.1% during the forecast period, due to its substantial consumer base for coating additives.

Prominent Market Players

Key players in the coating additives market include:

- BASF
- Solvay
- BYK Additives & Instruments
- Clariant
- Arkema
- Dow Chemical Co.
- Eastman Chemical Co.
- Evonik
- Momentive Performance Materials Inc.
- Lanxess

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/coating-additives-market

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