Paint additives are special ingredients used for enhancing the functional performance and the quality of the paints. Paints and coatings are extensively used in various industries ranging from oil and gas to automotive. The global paint additive market is estimated to grow at a CAGR of over 6.4% during the assessment period, 2018–2023.

These additives modify the viscosity, impact resistance, anti-chipping, foam reduction, and gloss control in paints and thereby increase the efficiency. On the basis of product type, rheological additives are projected to hold the highest market share during the assessment period as result of growing adoption of these additives in automobile and building & construction sectors. Among the various application segment, the architectural segment is projected to lead the global market during the forecast period.

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Segmentation Analysis

The global paint additives market is segmented into type, application, and region. On the basis of the product type, the market is segregated into rheology modifiers, biocides, anti-foamers, wetting and dispersion agents, and others. On the basis of the application, the market is further segregated into architectural, industrial, wood and furniture, automotive and others.

Regional Analysis

Asia Pacific was the largest market for paint additives in 2017 due to increasing construction and automobile industries in the region. Moreover, expanding GDP in the region has added extra purchasing power to the population in the region, which, in turn, is fueling the demand for paint additives in the architectural segment. Furthermore, the growing population in the region has augmented the government spending on construction activities, which is also positively contributing to the revenue of the market.

The Middle East and Africa are likely to witness a moderate growth during the assessment period on account of growing automotive and construction industries. The growing construction activities in the region owing to the FIFA World CupTM 2022 are likely to drive the demand for paint additives. Browse the market data and information spread across 100 pages with 33 data tables and 12 figures of the report “Paint additive market Trends Development Worldwide Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/paint-additives-market-6164

Key Players and Competition Analysis

Some of the prominent players operating in the global paint additives market are Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd.

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