Press release
Coating Additives Market Poised for 9.4 % Growth, Set to Hit $18.89 Billion by 2029
Coating Additives Market
The robust expansion in buildings and construction industries is a major propellant for market growth. Coating additives are employed within these sectors to enhance viscosity, surface efficiency, and the resistance to impact of various materials. The swift escalation of residential and commercial construction activities worldwide, coupled with the increasing utilization of eco-friendly additives for the optimization of wall and roof installations, is affecting the environment. A case in point is the March 2023 report from the United States Census Bureau, a leading agency of the federal statistical system, indicating the approval of 1,524,000 privately owned housing units by building permits in February on an adjusted annual basis. This reflects a 13.8% increase from the January rate, which had been adjusted to 1,339,000. Therefore, the buoyant progression in the building and construction industries is anticipated to propel the coating additives market during the projection period.
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What is the future CAGR of the coating additives market, and how will it impact industry expansion?
In recent times, there has been a substantial expansion in the size of the coating additives market. The market is predicted to escalate from a value of $10.16 billion in 2024 to approximately $11.06 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.9%. The growth witnessed in the past can be credited to the development of the construction industry, augmented demand for paints and coatings, surge in industrial manufacturing, greater regulatory compliance, and heightened environmental concerns.
The market for coating additives is predicted to experience robust growth over the coming years, expanding to $15.85 billion by 2029 with a compound annual growth rate (CAGR) of 9.4%. Factors fueling this growth during the forecast period include infrastructure development, the automotive industry, fast-paced urbanization, higher usage of biodegradable additives, and progress in emerging markets. During the forecast period, significant trends will encompass innovations in architectural coatings, tailored additive solutions, advancements in technology, innovation in specialty coatings, and the launch of high-performance additives.
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What are the most significant trends transforming the coating additives market today?
Prominent players in the coating additives industry are focusing on technological innovation, like energy-curable coatings for metal coil applications, in order to deliver improved performance and sustainability. Energy-curable coatings are a specific type of coating that hardens or cures when exposed to energy inputs like ultraviolet (UV) light or electron beams. These coatings offer quick drying times and robust finishes for a variety of uses. For instance, PPG Industries, a paint and coating manufacturer based in the US, introduced PPG DURANEXT in July 2024. The DURANEXT assortment comprises different types of coatings, including backers, primers, basecoats, and clearcoats, providing a comprehensive solution for metal coil coaters aiming to improve their manufacturing processes while reducing their environmental footprint. In comparison to traditional coil coating systems that require high curing temperatures, PPG DuraNEXT coatings utilise pioneering technologies like electron beam or ultraviolet energy for the curing process.
Which key market segments comprise the coating additives market and drive its revenue growth?
The coating additives market covered in this report is segmented -
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
Subsegments:
1) By Acrylics: Acrylic Emulsions, Acrylic Resins, Acrylic Polymer Additives
2) By Fluoropolymers: PTFE (Polytetrafluoroethylene) Additives, PVDF (Polyvinylidene fluoride) Additives, Fluorinated Surfactants
3) By Urethanes: Aliphatic Urethane Additives, Aromatic Urethane Additives, Urethane Dispersions
4) By Metallic Additives: Metallic Pigments, Metal-based Antimicrobial Additives, Conductive Metallic Additives
5) By Other Types: Epoxy Additives, Silicones, Texturing Agents
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What regions are at the forefront of coating additives market expansion?
Asia-Pacific was the largest region in the coating additives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coating additives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the coating additives market?
Major companies operating in the coating additives market include 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, Elementis PLC, Evonik Industries AG, Ineos Group AG, Kamin LLC, Keim additec surface GMBH, Kyoeisha chemical co. ltd., Michelman Inc., Momentive Performance Materials Inc., Rhodia SA, Shamrock Technologies, Solvay SA, BASF SE, ADEKA Corporation, Croda International plc, DIC Corporation, Emerald Performance Materials, King Industries Inc., Lubrizol Corporation, Munzing Chemie, AkzoNobel Specialty Chemicals, SI Group Inc., Specialty Polymers Inc., Synthomer plc
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What Is Covered In The Coating Additives Global Market Report?
•Market Size Forecast: Examine the coating additives market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the coating additives market for a structured understanding.
•Key Players Overview: Analyze major players in the coating additives market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the coating additives market.
•Segment Contributions: Evaluate how different segments drive overall growth in the coating additives market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the coating additives market.
•Industry Challenges: Identify potential risks and obstacles affecting the coating additives market.
•Competitive Landscape: Review strategic developments in the coating additives market, including expansions, agreements, and new product launches.
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