The global coating additives market revenue was around US$ 10.5 billion in 2023 and is estimated to reach US$ 17.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2024 to 2032.
Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
Coating additives are materials that are added to paints, coatings, or other surface treatments to improve their functionality or give them particular qualities. These additives can change the coating’s appearance, adhesion, durability, rheology, and resistance to abrasion, corrosion, and UV light, among other properties. Coating additives improve paints and coatings by raising their viscosity, impact resistance, and surface efficacy. Polymers, silicates, chemicals, and various gases are added as additives to coatings and paints to enhance their properties.
Factors Influencing Market Growth
– Due to the rise in the need for multifunctional additives, stringent environmental regulations, and growing consumer and formulator awareness of the advantages of coating additives, the demand for coating additives is increasing, thus propelling the market growth.
– Coating additives play a crucial role in enhancing functionality, durability, and environmental sustainability and meeting the evolving needs of various industries such as automotive, construction, aerospace, and industrial manufacturing. This will increase the demand for coating additives in these industries, thus expanding the market.
– An increase in demand for water-borne and powder-based coating additives in green construction is expected to increase the demand for coating additives, thus expanding the market.
– Industrial discharges or solid wastes of paint and coating materials interfere with local sanitary sewers, leading to the discharge of pollutants into local waterways. This may hamper market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. This was due to the imposition of strict lockdown laws in multiple countries, which caused the temporary closure of many coating additive end-use industries. Also, due to lockdowns and social distancing measures, the construction industry, which is a significant user of architectural coatings and additives, saw delays and a decrease in activity. This decreased the demand for coatings additives market.
Request To Download Free Sample of This Strategic Report @-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
Regional Insights
Asia-Pacific dominated the market in 2023. This is because of the economic development in emerging countries in this region. Furthermore, the region has seen rapid economic expansion, which has sped up industrialization and urbanization. The demand for infrastructure development, residential and commercial construction, and automotive production is increasing as the region’s economies grow. These industries are the primary users of coating additives, which is fueling the expansion of the market.
Leading Competitors
– Eastman Chemical Company
– Dow
– Ashland
– Evonik Industries AG
– CLARIANT
– Momentive
– Arkema
– BASF SE
– LANXESS
– Solvay
– Elementis PLC
– The Lubrizol Corporation
– Michelman, Inc.
– Croda International Plc
– Cytec Industries Inc.
– Other Prominent Players
For an in-depth analysis, you can refer sample copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
Segmentation Analysis
The global coating additives market segmentation focuses on the end-use industry, formulation, function, type, and region.
Segmentation based on End-Use Industry
– Architectural
– Industrial
– Automotive
– Wood and Furniture
– Others
Segmentation based on Formulation
– Water Borne Coating
– Solvent Borne Coating
– Solventless Coating
– Powder Coating
– Radiation Curable Coating
Segmentation based on Function
– Anti Foaming
– Wetting and Dispersion
– Rheology Modification
– Biocides
– Impact Modification
– Others
Segmentation based on Type
– Urethanes
– Metallic Additives
– Others
– Acrylic
– Fluoropolymers
Get a Free Sample PDF copy of the report @-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
Segmentation based on Region
– North America
– The U.S.
– Canada
– Europe
– UK
– Germany
– France
– Italy
– Spain
– Netherlands
– Rest of Europe
– Asia-Pacific
– China
– Japan
– India
– Australia
– South Korea
– Singapore
– Rest Of Asia-Pacific
– LAMEA
– Latin America
– Middle East
– Africa
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report) @-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
These responses will function a complete examination of the:
- The markets’ present-day infrastructures
- Market possibilities and challenges
- Future plausible for increase in particular industries
- Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
- Representative and a price chain probability breakdown
- Market dimension and boom price during the expected time frame.
- The market’s important using forces
- Key market traits are impeding market expansion.
- Obstacles to market expansion.
- Market’s pinnacle merchants.
- Thorough SWOT analysis
- Threats and possibilities confronted with the aid of the modern carriers in the world market.
- Trending elements that affect the markets in the quite a number region.
- Initiatives with a strategic center of attention on the pinnacle vendors.
- PEST find out about of the five essential market regions.
Access Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc18515
About Report Ocean:
Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.
Contact Information:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, United States
Telephone: +1 888 212 3539 (US – Toll-Free)
For more information and to explore their offerings, visit their website at:https://www.reportocean.com/