Water-based coatings are gaining popularity due to their lower VOC content and reduced environmental impact compared to solvent-based coatings. Coating additives play a vital role in improving the performance of water-based coatings, making them comparable or even superior to traditional solvent-based coatings. Moreover, the automotive sector is a major consumer of coatings, including automotive paints. Coating additives are used to enhance the appearance, durability, and performance of automotive coatings. With the growth of the automotive industry globally, the demand for coating additives has also increased.

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According to a new report published by Allied Market Research, titled, “Coating Additives Market," The coating additives market was valued at $10.0 billion in 2022, and is estimated to reach $17.1 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

A coating additive is a substance that is added to coatings, paints, or surface treatments to modify or improve their performance and properties. These additives are mixed into the formulation of the coating to achieve specific effects, enhance functionality, or address certain challenges. Coating additives can be liquid or solid, and they serve various purposes depending on their chemical composition and properties. 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 temperatures, abrasion, moisture, biocides, and chemical resistance. Such coating additives properties drive the market growth globally.

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The construction and automotive industries are major consumers of coatings. The growth in these sectors, particularly in emerging economies, increases the demand for coatings and, consequently, coating additives. Increasing infrastructure development, urbanization, and automotive production contribute to the growth of the coating additives market. Coatings are used for protection as well as for enhancing the appearance of surfaces. The demand for coatings with unique visual effects, textures, or special functionalities has increased in the automotive industry.

Key Market Players:
Arkema, Dow, Solvay, LANXESS, Eastman Chemical Company, CLARIANT, Momentive, Ashland, Evonik Industries AG, BASF SE

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Coating additives, such as pigments, effect additives, and special additives for texture or gloss control, enable manufacturers to meet these aesthetic and functional demands. Furthermore, the benefits of using coating additives, such as improved durability, adhesion, weather resistance, or chemical resistance, are becoming more widely recognized. Industries are increasingly incorporating coating additives into their formulations to enhance the performance and longevity of their coatings, leading to market growth. These factors collectively contribute to the growth of the coating additives market, as industries seek to meet evolving performance requirements, regulatory standards, and sustainability goals in various applications.

Key Benefits For Stakeholders:
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coating additives market analysis from 2022 to 2032 to identify the prevailing coating additives market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the coating additives market segmentation assists to determine the prevailing coating additives market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global coating additives market trends, key players, market segments, application areas, and coating additives market growth strategies.

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