Coating Additives Market

Market Snapshot

According to Fact.MR’s latest consumption analysis on coating additives, the market was valued at US$ 8 Bn in 2020, and is expected to accelerate at a CAGR of 5% to top US$ 11 Bn by 2031. Demand for waterborne coating additives is projected to rise at a CAGR of 4.5% across the assessment period of 2021 to 2031.

Key Points Covered in Coating Additives Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Assessment by Product Grade / Purity / Formulation Standards
• Certifications and Compliance Requirements
• Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Sales of Coating Additives and How to Navigate
• Recommendation on Key Winning Strategies

Revenue Analysis of Coating Additives from 2016 to 2020 Vs Demand Outlook for 2021 to 2031

As per Fact.MR - a market research and competitive intelligence provider, the global market for coating additives was valued at US$ 8 Bn in 2020.

Coating additives are the type of solutions that are induced in paints to enhance their quality and performance. Due to the advancements in coating additives technology, they are used for the improvement of product properties and eliminates or reduces the problems arising during formulating paint systems production processes. They are used in small quantities but it has a huge impact on coating additives market size.

Coating additives are increasingly required to comply by zero-VOC emission norms. Governments worldwide are stepping up efforts to reduce carbon emissions from construction activities.

Emergence of green coatings is moving the coating additives market into a new phase of development. In the years to come, the use of green coatings is expected to be more popular within the motive industry, which is helping the growth of the coating additives market.

Coating additives are used in construction paints to improve impact resistance, viscosity, and surface effectiveness of substrates. Growth of the construction industry is expected to drive the demand for paints & coatings which in turn coating additives market is projected to witness growth over coming years, registering a CAGR of 5% to reach above US$ 11 Bn by 2031.

Which Factors are Stimulating Market Growth for Coating Additives?

Coating additives are a group of chemically engineered materials, which find applications of coating additives in a number of industries. Chemical formulation of coating additives is increasingly becoming popular due to the performance enhancements that these materials offer.

They impart excellent chemical properties to the formulation, including improved wettability, dispersion, rheology, UV protection, chemical resistance, and high-temperature stability. They are widely used in many industrial fields under severe conditions. The anti-microbial property of these additives is beneficial in numerous applications. Coating additives help the surfaces to deal with higher temperature, abrasion, moisture, biocides and chemical resistance makes positive impact on the multi-functional coating additives market.

Sustainability is playing a significant role in the growth of sustainable coating additives market. As the world inches closer to environmental conservation, many sectors and businesses are choosing eco-friendly materials. Coating additives manufacturers are creating the additives by using eco-friendly materials. The growing influence of eco-friendly coating additives will add extra growth to the environment-friendly coating additives market.

What are the Restraints being Encountered by Coating Additive Providers?

However, fluctuations in the raw material prices such as acrylate, silicones, and urethane due to the fluctuating prices of petrochemical is a major constrain for the growth of the global market for coating additives. In addition, concerns with emission of harmful volatile organic compounds (VOC) is another factor hampering growth of the global coating additives market.

Country-wise Analysis

What is the Coating Additives Demand Outlook for the U.S.?

The market in the U.S. was valued at over US$ 2.5 Bn in 2020. The coating additives industry is an essential and dynamic part of the US economy. Coatings are indispensable products for the protection of a great multitude of end-uses. The U.S. coatings industry includes top coating additives manufacturers, coating additives suppliers, raw material suppliers, and distributors. The industry consists of approximately 1,000 companies operating in nearly 1,300 establishments.

Coating industry facilities are located in urban areas like Chicago, Cleveland, Louisville, Northern New Jersey, California, Florida, and Washington State. Architectural coatings shipments represent more than half of the volume of paint sold in the United States, and approximately 90% of all architectural coatings in the country are water-based.

The construction industry is a significant contributor to the economy of the United States. The US$ 20 Tn U.S. economy relies on a vast infrastructure network, from bridges and roads to freight rail and ports to electrical grids and internet provision. The country’s coatings additives market is mainly driven by rising investment in the residential construction segment and growing demand for remodeling the old buildings.

What are the Growth Opportunities for Coating Additives Providers across China?

By 2031, China is expected to have a market of roughly US$ 3 Bn. China, which strives towards self-sufficiency, has witnessed higher growth in the global coating additives market.

Major R&D investments, growing demand for paints and coatings additives, expansion of production facilities, and rise in architectural development in the country has further boosted the sales of coating additives.

Category-wise Insights

Why is the Popularity of Architectural Application of Coating Additives Rising Rapidly?

Architecture is the largest application of coating additives, which enhance the quality of building structures for a longer period, which reduces the intermittent maintenance of the structure.

Industrial application of additives in architectural coatings such as offshore platforms, underground pipelines, and towers are subjected to the maximum stressful environment. Thus, industrial coating additives are used in such applications to provide resistance to corrosion, heat, and moisture. The demand for wood coatings additives in construction industry is increasing. Economic expansions in different regions will gradually lead to more industrial activities, which is likely to help the architectural coatings additives market.

The architectural coatings segment acts as a huge market for biocides, rheology modifiers, and flow and leveling products. In accordance with global trends and regulations aimed at decreasing VOCs many traditional materials, formulators are looking to transition to more environmentally friendly systems.

High durability with superior technology additives and demand for high-performance coating additives is significantly expanding to provide an extended service life infrequently disinfected areas and scrubbed with harsh chemicals in commercial and institutional buildings, such as hospitals, schools, universities, and hotel lobbies.

Architectural coatings are also prominent in providing air barriers essential for increasing energy efficiency in building enclosures. Air barriers stop the flow of air through the building, protecting the structure and increasing the efficiency of heating and cooling systems.

How are Rheology Modifiers Stimulating Sales of Coating Additives?

Rheology modifiers are predominantly used in architectural and automotive coatings. They are used to control flow viscosity, which is one of the most essential properties of coating compositions, and amend fundamental aspects such as storage stability, soft-texture, and film thicknesses.

The demand for rheology additives is on the rise as benefits for coating additives are more and coating manufacturers are channelizing their focus towards improving the quality of their coatings. A notable example would be to make coatings highly viscous, improve textural properties, and enhance shelf life.

As the flow behavior of coating compositions has a huge impact on application and film formation, the demand for rheology additives is expected to increase by a remarkable margin. Moreover, architectural coatings, a prominent application of coating additives, require rheology modifiers in formulation of coating additives due to the soaring demand for soft-texture coatings.

How Has COVID-19 Impacted Demand for Coating Additives?

The growing pandemic situation has led to the weakening demand for paints and coatings in construction, automotive, electronics, and white goods. The market can bounce back, but it completely depends on the duration of the lockdown that has been imposed, and also the impact of the COVID-19 virus on the economy.

Although the overall demand of the market is falling, growing consumer acceptance for coating additives, demand for packaging coating additives, and the demand for antimicrobial coating are witnessing a surge in demand in food and healthcare industries.

At the same time, some country's construction projects were essential, as the construction of hospitals in China and Italy, to cater to the sudden increase in demand for hospitals, thus positively impacting the demand for coating additives market.

Competitive Landscape

Key coating additive manufacturers are developing innovative products and are expanding their geographical reach to cater to the growing demand for functional additives. Sales of anti-foaming coating additives, bio-based coatings additives, and fluoropolymer coating additives are also expected to proliferate over the coming years.

Furthermore, they are also entering into a long-term supply contracts with raw material suppliers and end-users to have a strong presence in the worldwide market. Some of the current significant developments in the market include:

• In 2019, Ashland Inc. a specialty chemicals company, added Strodex PK-86NV specialty phosphate ester surfactant to its dynamic product portfolio for waterborne architectural coatings.
• In 2019, BYK-Chemie GmbH (Altana), a specialty chemicals company, announced the expansion of BYK’s specialty chemicals division in Shanghai, China. This expansion enables the company to serve consumers in the fast growing Asian markets.

Coating Additives Market Report Scope

Key Segments in Coating Additives Industry Research

• Product        

  • Acrylic-based Coating Additives
  • Urethane Coating Additives
  • Metallic Coating Additives
  • Fluoropolymer Coating Additives

• Function      

  • Rheology Modifiers
  • Dispersants
  • Foam Control
  • Slip/Rub
  • Wetting Agents
  • Others
    • Anti-Foaming Coating Additives
    • Defoaming Coating Additives

• Formulation

  • Waterborne Coating Additives
  • Solvent-based Coating Additives
  • Powder Coating Additives
  • High Solids Coating Additives
  • UV Cure Coating Additives
  • Others
    • Radiation Curable Coatings
    • Solvent-borne Coatings
    • Solvent Less Coatings

• Application

  • Architectural Coating Additives
  • Automotive Coating Additives
  • Wood & Furniture Coating Additives
  • Industrial Coating Additives

Coating Additives Market: Report Scope

A recent study by Fact.MR on the coating additives market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with coating additives market!

The study also provides the dynamics responsible for influencing the future status of the coating additives market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing coating additives, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of coating additives across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of coating additives during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

• Which are the most lucrative markets for coating additives?
• Which factors will impact the growth of the market?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the coating additives industry?
• What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for coating additives are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global coating additives market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the coating additives market during the forecast period.

Country-specific valuation on demand for coating additives has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Competition Analysis

The report sheds light on leading manufacturers of coating additives, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering coating additives has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the coating additives market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of coating additives market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.