Coating additives are auxiliary chemicals that are added during the formulation of construction paints or other surface coating material. Few examples of coating additives include thickeners, wetting additives and dispersing agents. Addition of these chemical components in small quantities help in achieving specific properties which are useful in production, storage, application, or exposure of the coatings. Also, coating additives help enhance the aesthetic look of the paints by preventing sedimentation of particles in the product and by improving gloss and strength.
MARKET DYNAMICS
The coating additives market is anticipated to grow in the forecast period owing to driving factors such as thriving building and construction sector boosted by industrial expansion in the developing countries. Increase in demands for environment-friendly paints and coatings for use in rising automotive industry further fuels the coating additives market growth. However, strict environmental regulations associated with VOC emission from the product usage hamper market growth. Nonetheless, the coating additives market offers growth opportunity with advancements in radiation curable coatings and multifunctional coatings.
MARKET SCOPE
The "Global Coating Additives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of coating additives market with detailed market segmentation by type, formulation, function, application and geography. The global coating additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coating additives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global coating additives market is segmented on the basis of type, formulation, function and application. Based on type, the market is segmented as acrylic, metallic, fluoropolymer, urethane and others. By formulation, the market is segmented as water-borne, solvent-borne and powder-based. On the basis of the function, the market is segmented as anti-foaming, wetting & dispersion, biocides, rheology modification and others. The market on the basis of the application, is classified as automotive, architectural, industrial, wood & furniture and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coating additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coating additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting coating additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the coating additives market in these regions.
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MARKET PLAYERSThe reports cover key developments in the coating additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from coating additives market are anticipated to lucrative growth opportunities in the future with the rising demand for coating additives in the global market. Below mentioned is the list of few companies engaged in the coating additives market.
The report also includes the profiles of key coating additives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Akzo Nobel N.V.
-Arkema Group
-Ashland Inc.
-BASF SE
-BYK-Chemie GmbH
-Eastman Chemical Company
-Elementis plc
-Evonik Industries AG
-Momentive Performance Materials Inc.
-The Dow Chemical Company
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