Coating Additives Market 2024-2028
The coating additives market is forecasted to grow by USD 3544.7 mn during 2023-2028, accelerating at a CAGR of 5.92% during the forecast period. The report on the coating additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for paints and coatings with functional benefits, growing automotive industry in APAC, and surging demand for waterborne coating additives.
Technavio's coating additives market is segmented as below:
- By Application
- Architecture
- Industrial
- Automotive
- Wood and furniture
- Others
- By Formulation
- Waterborne
- Solvent-borne
- Powder-based
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing focus on bio-based and eco-friendly products as one of the prime reasons driving the coating additives market growth during the next few years. Also, growth in chemical additives industry and rising focus on R&D of coating additives will lead to sizable demand in the market.
The report on the coating additives market covers the following areas:
- Coating additives market sizing
- Coating additives market forecast
- Coating additives market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading coating additives market vendors that include Akzo Nobel NV, Altana AG, Arkema SA, Ashland Inc., BASF SE, Berkshire Hathaway Inc., Cabot Corp., Clariant AG, Daikin Industries Ltd., Double Bond Chemical Ind. Co. Ltd., Dow Inc., Eastman Chemical Co., Elementis PLC, Huntsman Corp., Lanxess AG, Momentive Performance Materials Inc., Munzing Chemie GmbH, RAG Stiftung, Solvay SA, and The Sherwin Williams Co.. Also, the coating additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.