Coating additives are raw materials that are used in the processing of paints and coatings to enhance their performance. These additives are used for various purposes, including improved stability, weather resistance, coating dispersion, etc. Based on the growth of this industry, the building and infrastructure, mechanical equipment and automotive industries have been expanded. The primary protection of industrial metals against corrosion is another important reason for the rise in the coating additives industry. For this purpose, new additives have been invented. There are different technologies and materials being used for achieving this purpose; UV curing coatings is one important evolution in this field.
It’s being expected that by 2031, the Coating Additives market cap will hit US$ 11 Bn at a CAGR growth of about 4.5 %.
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"The Global Coating Additives Market 2021-2031 (USD Billion)")
The global coating additives market revenue is projected to reach nearly USD 12.8 billion by 2028. The global building industry has been driven by growing infrastructure expenditure, especially in the emerging Asian Pacific and South America markets. Also, the increasing demand from the architecture, automobile, industrial, and wood & furniture industries in China, India, and Japan is driving the coating additives market.
However, growing demand from various application markets, such as automotive, construction, furniture, and other industrial applications, is expected to drive the coating additives demand by the end of 2028.
Coating Additives Market Scope:
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2021-2022 |
| Forecast Period | 2022-2031 |
| Study Period | 2021-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 11 Billion |
| Growth Rate | CAGR of 4.5 % during 2021-2031 |
| Segment Covered | By Product, Function, Formulation, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Segment Of The Coating Additives Market
Product, (USD Billion)
• Acrylic-based Coating Additives
• Urethane Coating Additives
• Metallic Coating Additives
• Fluoropolymer Coating Additives
Function, (USD Billion)
o Rheology Modifiers
o Dispersants
o Foam Control
o Slip/Rub
o Wetting Agents
o Others
• Anti-Foaming Coating Additives
• Defoaming Coating Additives
Formulation, (USD Billion)
o Rheology Modifiers
o Dispersants
o Foam Control
o Slip/Rub
o Wetting Agents
o Others
• Anti-Foaming Coating Additives
• Defoaming Coating Additives
Application, (USD Billion)
• Architectural Coating Additives
• Automotive Coating Additives
• Wood & Furniture Coating Additives
• Industrial Coating Additives
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of coating additives market in 2031 was US$ 11 Billion
The Global coating additives market is Segmented on the basis of Formulation, Type, Application, Geography.
North America dominated the market for coating additives market and accounted for the largest revenue share.
Although the extension devices have the main advantage of minimizing the cost of the lacquer raw material, it can also have an effect on different painting goods. The solvent or diluent purpose is to enable in the first place, during preparation, application and recording, the processing of the solid and highly viscous components of the paint. The additives in the color formulation have a major influence, in addition to the main ingredients indicated, on the various properties of the paint. The properties of three key parts of the paint-binding, pigment extension, and solvent can also be significantly modified with additives.
In the coating formulation, the amount of weight by additive reaches to about 5%. In general, the usual quantity of a single additive in a formula is around 1.5 percent of its total quantity. Additives used in the manufacture of surface coating products are auxiliary components such as coats that lack and are usually employed to achieve the desired characteristics in the manufacturing, storage, application or display of the coating in a limited quantity.
Binders, pigment extenders, and solvents are also important components of the coatings. There are clearly many different additives uses, and even additives are very non-homogeneous. In terms of their chemical compositions and functions, coating additives can vary significantly from each other.
Formulation Segment
The global coating additives market has been segmented based on formulation, type and application. The major types of coating additives covered in the report are water-based systems, solvent based systems, powder-based systems, radiation cured systems. The market for solvent-based laying additives is projected to rise faster than other types, with excellent pollutant safety, abrasion, temperature and corrosion. Also, the use of covering additives highly used in the automotive industry dominates the automotive industry because of these excellent abrasion and corrosion resistant properties.
Type Segment
Increasing production and demand for electric vehicles in the emerging markets along with the developed markets like US, is expected to further increase the coating additives to demand over the forecast period due to the growing demand for vehicles. A rising use of urethane-based additives for building, industrial and automotive applications is anticipated to drive demand in the area. Coating additive is used in building layers to improve resistance to effects, viscosity and substrate surface quality. Construction industry growth is expected to drive demand for layers & layers that are expected to increase demand for layer additives during the expected period.
Increased infrastructure investment, especially in emerging markets in Asia-Pacific and South America, has driven the global construction industry. South America is expected to grow with a CAGR of 6.5% by 2025. Coating additives are used to increase the strength, viscosity and surface performance of the substrates in building paints. The building industry growth is expected to increase the demand for lacquers and coats and in turn, over the projected period, will increase the demand for layer additives. Increased the output of cars is expected to increase the demand for coating additives further over the expected period as the cars are in rising demand in the developed markets.
