Coating Additives Market Sees Promising Growth during 2015 to 2021

Coating additives are added to paints and coatings in order to augment theirquality and performance.Additives improvethe dispersion of solids, wetting, foam-reduction, anti-catering,gloss control, anti-chippingand UV protection, etc. of the coatings. Coating additives can be of various types such as acrylics, urethanes, fluoropolymers and metallics, among others. Acrylic additives are the leading product type, followed by urethanes and metallic additives.

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Coating additives help the surfaces to deal with higher temperature, abrasion, moisture, biocides and chemical resistance. Based on formulations, the market for coating additives is divided as water-borne, solvent-borne and powder-based coatings. Solvent-borne coatings were the leading coating additives formulations in the past few years.However, due to high VOC content and environmental concerns, the popularity of water-borne coating additives formulations has increased tremendously in the recent past and they are anticipated to grow substantially in the near future owing to their lower VOC content.

the main driver for coating additiveshas been the huge infrastructure boom in the past decade in thebuilding & construction industry and this demand stems from the ever-increasing need for better quality surfaces.Residential and commercial buildings are the leading end-users for coatings additives and are likely to gain further market share in near future owing to increased construction activities in Asia Pacific and RoW.Another major driver for coating additives market is the automotive industry.

Coating additives are used in the automotive industry to enhance the surface quality and protect them from abrasion, UV rays, other weathering effects and chemicals. Other end-users for coatings additives include wood & furniture, industrial engineering and aviation, among others. In the wood and furniture industry, coating additives are used to preserve the wood surfaces from microbial growth and moisture content.

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Increasing demand for multifunctional coating additives is anticipated to be the major opportunity for the coatings additives market. However, various environmental regulations associated with VOC content in formulation technologies can act as a major restraint for the market.

Some of the key manufacturers in the coatings additives market areAkzo Nobel N.V.,Arkema SA, Ashland Inc., BASF SE, Cytec Industries Inc., Evonik Industries AG, Momentive Specialty Chemical Inc.,Solvay S.A. and The Dow Chemical Companyamong others. Evonik Industries AG announced three new coating additives in American Coatings Show (ACS) held in Atlanta in April, 2014.

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