COATING ADDITIVES MARKET
Coating additives are primarily used to enhance the paint quality and performance along with adherence. They are added in the solutions to reduce any problems while the formulation of paint production occurs by improvised product properties. One of the benefits offered by the coating additives is quantity to effect ratio which implies only little amount of coating additives are required. The most significant end-ser industry utilizing the coating additives is the construction and infrastructure industry with maximum requirement for the product. As the construction industry is rapidly growing it boosts the opportunistic growth of the coating additives market.
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Along with this, other factors including the extensive R&D activities, increasing need for eco-friendly and sustainable paints and varying costs are the major influential drivers expected to drive the growth of the coating additives market during the forecast period. although, the coatings and paints industry is also bound to face challenges owing to the stringent regulations with increasing environmental concerns eliminating any unfriendly or unsustainable additives and components used in coatings and paints. A wide range of additives are used for industrial purpose such as acrylic, urethanes, fluoropolymers, metallic additives others whereas the coating additives market is segmented based on the functions into wetting agent, dispersing, rheology modifiers, impact modifiers and antifoaming.
Moreover, the coating additives market also segments the additives based on formulation which comprise of powder based, solvent and water-based additives. Coating additives are popularly used in automotive, architectural and industrial sector. With massive increase in the construction sector in developing regions of Asia Pacific it is considered to dominate the coating additives market owing to rapid urbanization. Whereas North America is suggested to grow gradually with increasing use of additives as a benefit of smoothening surfaces utilized by the automotive industries. Countries witnessing growth and utilization of the coating additives market also include Canada, Spain, U.S., Brazil, Germany, Italy, Netherlands, China, Japan, India and others.
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Key Segments of the Global Coating Additives Market
Formulation Overview, 2018-2028 (USD Billion) (Kilo Tons)
Water Based Systems
Solvent Based Systems
Powder Based Systems
Radiation Cured Systems
Type Overview, 2018-2028 (USD Billion) (Kilo Tons)
Defoamers
Dispersing Agents
Preservative
Rheology Modifiers
Slip/slid Resistant Agents
Surface Modifiers
Wetting Agents
Others
Application Overview, 2018-2028 (USD Billion) (Kilo Tons)
Aviation
Architecture
Automotive
Marine
Paper and Pulp
Others
Regional Overview, 2018-2028 (USD Billion) (Kilo Tons)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global coating additives market.
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