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, Solve

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

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

Coating additives are added to paints to improve their quality and performance to improve dispersion of solids, wetting, foam-reduction, anti-catering, gloss control, anti-chipping, and UV protection, coating additives also help surfaces to deal with higher temperature, abrasion, moisture, biocides, and chemical resistance. Such coating additives properties drive the market across the globe. Increase in automotive and building & construction industries is expected to fuel the market during the forecast period. Environment regulations implemented for coating additives to reduce the VOC content to minimize environmental issues is also expected to have high impact on the coating additives market during the forecast period.

Rise in commercial and residential construction in Asia-Pacific drives the demand for coating additives for better protection of buildings. Technological advancements in formulation and processing techniques is expected to drive the market during the forecast period.

The global coating additives market is segmented on the basis of function, type, formulation, end-use industry, and region. On the basis of function, the market is segmented into anti-foaming, wetting & dispersion, and rheology modification. By type, it is divided into acrylic, fluoropolymers, urethanes, and others. On the basis of formulation, it is segmented into water-borne coatings, solvent-borne coatings, solventless coatings, powder-based coatings, and radiation curable coatings. On the basis of end-use industry, it is segmented into automotive, architectural, industrial, wood & furniture, industrial, & others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global coating additives market include Arkema, BASF, BYK Additives & Instruments, Clariant, Dow Chemical Co., Eastman Chemical Co., Evonik, Lanxess, Momentive Performance Materials Inc., and Solvay.

KEY BENEFITS FOR STAKEHOLDERS

The report provides in-depth analysis of the global coating additives market along with the current trends and future estimations.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global coating additives industry for strategy building.
A comprehensive market analysis covers factors that drive and restrain the global coating additives market growth.
The qualitative data about market dynamics, trends, and developments is provided in the report.

IMPACT OF COVID-19 ON THE GLOBAL COATING ADDITIVES MARKET

COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
Coating additives is primarily used in automotive, industrial, and architectural. Online grocery sales are expected to account for 12.4% of all e-commerce sales in the U.S. by 2021.
In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown.
The COVID-19 pandemic has impacted negatively on the manufacturing and industrial industries due to a scarcity of resources in various parts of the world. The top players in the industry are concerned about the market prospects and are rethinking their strategies to meet the challenge.
The companies are incorporating various techniques to increase production volume, and are attempting to develop innovative solutions at an affordable price that can meet customer requirements at a lower cost and support the overall breakthrough required for increased product penetration sustainability.

KEY MARKET SEGMENTS


By Function

Anti-foaming
Wetting & Dispersion
Rheology modification
Biocides
Impact Modification
Others

By Type

Acrylic
Fluoropolymers
Urethanes
Metallic Additives
Others

By Formulation

Water-borne Coating
Solvent-borne Coating
Wax
Lubricants
Others
Solventless Coating
Powder Coating
Radiation Curable Coating

By End-use industry

Architectural
Industrial
Automotive
Wood & Furniture
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

KEY MARKET PLAYERS

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

List of Company Profiles

Elementis PLC
The Lubrizol Corporation
Michelman, Inc.
Croda International Plc
Cytec Industries Inc.