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Robust Growth In Construction Sector Fuels Coating Additives Market: Pivotal Factor Influencing Coating Additives Market Growth in 2025
Coating Additives
Coating Additives Market Size Growth Forecast: What to Expect by 2025?
There has been a significant expansion in the coating additives market size in the past few years. With a compound annual growth rate (CAGR) of 8.9%, it is projected to rise from $10.16 billion in 2024 to $11.06 billion in 2025. The surge in growth during the historic period can be accredited to the boom in the construction industry, the rising demand for paints and coatings, industrial manufacturing, the tightening of regulatory compliance procedures, and the growing environmental concerns.
How Will the Coating Additives Market Size Evolve and Grow by 2029?
In the coming years, the coating additives market is anticipated to witness significant expansion. The growth is projected to reach $15.85 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%. This growth during the predicted period can be linked to factors such as infrastructure development, the automotive industry, swift urbanization, growing adoption of biodegradable additives, and burgeoning market growth. Key trends to watch for within this timeframe encompass innovation in architectural coatings, tailored additive solutions, technological progress, the advent of novel specialty coatings, and the launch of high-performing additives.
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What Drivers Are Propelling the Growth of Coating Additives Market Forward?
The surge in the construction and building industry is fueling market expansion. Coating additives in construction are employed to enhance the surface efficiency, resistance to impact, and viscosity of substrates. The swift escalation in commercial and residential construction activities globally, along with the increased use of eco-friendly additives for the improvement of wall and roof installations without harming the environment, contributes to this trend. For instance, the United Stated Census Bureau reported in March 2023 that the number of privately-owned housing units approved by building permits in February reached 1,524,000 on a seasonally adjusted annual basis. This represents a 13.8% increase from the revised January rate of 1,339,000. Accordingly, the predicted robust growth in the construction and building sector is anticipated to stimulate the coating additives market throughout the forecast period.
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Which Emerging Trends Are Transforming the Coating Additives Market in 2025?
Major businesses in the coating additives market are focusing on technological advancements like energy-curable coatings for metal coil usage, to promote improved performance and sustainability. Energy-curable coating is a coating type that solidifies or cures when exposed to energy sources like ultraviolet (UV) light or electron beams. This ensures quick drying times and durable finishes for various applications. For example, in July 2024, PPG Industries, a paint and coating manufacturer based in the US, introduced the PPG DURANEXT. The DURANEXT collection includes a wide range of coatings such as backers, primers, basecoats, and clearcoats. This offers a comprehensive solution for metal coil coaters who want to improve their manufacturing processes and reduce environmental harm. Unlike traditional coil coating systems that require high curing temperatures, PPG DuraNEXT coatings use cutting-edge technologies like electron beam or ultraviolet energy to cure.
What Are the Key Segments in the Coating Additives Market?
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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Who Are the Key Players Shaping the Coating Additives Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Coating Additives Market?
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.
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