Coating Additives Market

Global Coating Additives Market Size, Trends, and Analysis - Forecasts To 2026 By Type (Acrylics, Fluoropolymers, Urethanes, Metallic Additives, Others), By Formulation (Solvent-borne, Water-borne, Powder-based), By Function (Rheology Modification, Biocides Impact Modification, Anti-Foaming, Wetting Dispersion, Others), By Application (Automotive, Industrial, Architecture, Wood & Furniture, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on November 17 2024 with the latest and most recent market numbers

Coating Additives Market: Insights

The coating additives market is estimated to be valued at USD 9.21 billion in 2021 and is projected to reach USD 14.26 billion by 2026 at a CAGR of 6.72%. Coating additives are the types of solutions used to improve the quality and performance of paints. They're only utilized in small amounts, yet have a big impact on coating and hence are in high demand. They serve the automotive, industrial, and architecture industries, among others. The flourishing building and construction sector, as well as fluctuating raw material costs which increases the demand for eco-friendly paints, has helped the coating adhesive market gain traction.

During the forecast period, the rising number of vehicles in emerging regions is anticipated to rise demand for coating additives. Also, the construction industry's growth is projected to increase demand for paints and coatings, which will, in turn, drive demand during the forecast period.

Manufacturers are progressively working on improving coating efficiency and creating multi-functional and hybrid coatings, as well as novel eco-friendly products such as green coatings, Nano-coatings, and other environmentally friendly products. With the help of these products, they can abide by the new regulatory norms and therefore can expand their reach to developing countries too. Green coatings are anticipated to become more popular in the automobile industry in the coming years, boosting the market's value. Automobiles rely on paints & coatings and other coating additives materials to increase the level of customization.

Furthermore, the waterborne coating additives market will grow rapidly owing to rising product launch strategies of technologically advanced adhesives and increasing demand for water-borne products from the manufacturing industries. Furthermore, the key reason driving the growth of the market is the rising awareness of national concerns to reduce the usage of VOCs in coatings.

global coating additives market '

Coating Additives Market: By Formulation

Based on the formulation, the market can be segmented into solvent-borne, water-borne, and powder-based. Waterborne coating additives use water as a liquefying agent to dissolve all of the coating ingredients. It is intended for use in closed or compact settings and produces no hazardous emissions. Different organic solvents, such as enamels, polyurethanes, and others, are present in solvent-borne coatings and act as liquefying agents. During the forecast period of 2021 to 2026, the waterborne coating additives market is projected to hold the largest share of the market and expand at the fastest rate.

The powder-based coatings offer an enhanced coating finish to the walls with the desired thickness, increased coating durability, and flexibility. Hence, the powder-based coatings segment will the second largest segment in the market.

Coating Additives Market: By Type

Based on type, the coating additives market can be segmented into acrylics, fluoropolymers, urethanes, and metallic additives, among others. During the forecast period, the fluoropolymers segment is expected to dominate the market as they offer excellent protection against chemicals, abrasion, temperature, and corrosion, among other types of coating additives. However, the acrylics segment will grow at the fastest rate from 2021 to 2026.

Coating Additives Market: By Function

Based on the function, the market is segregated into rheology modification, biocides impact modification, anti-foaming, and wetting dispersion, among others. Rheology modification refers to the alteration of a material's structure or flows as a result of external pressure in order to increase the thickness and viscosity of coated surfaces. During the forecast period, the coating additives market will be dominated by the rheology modification function segment. To give the product surface the best fluidity and functionality, rheology modifying chemicals are used widely.

Coating Additives Market: By Application

Based on the application, the coating additives market is segregated into automotive, industrial, architecture, and wood & furniture, among others. Coating additives are most commonly used in the architecture sector and hence this segment will be the fastest-growing segment from 2021 to 2026. The flourishing commercial and residential construction industry will help boost the demand for paint additives. These additives play a major role in providing top notch building protection and hence hold a significant share in the market. Furthermore, the need for high-performance coating additives is being fueled by the rising automotive sector of Europe, Asia-Pacific and South American regions.

asia pacific coating additives market

Coating Additives Market: By Region

The global coating additives market is dominated by North America. This regional market will witness a rise in demand for Acrylic-based coating additives as they help to enhance the thickness of paints and smoothen and level the surface imperfections.

The APAC region is expected to grow at the fastest rate during the forecast period. The region's growth is mainly contributed to the rising demand of additives from the automobiles and construction industries. China and India being a major manufacturing hub for automobiles in the world will help contribute the growth of the coating additives market from 2021 to 2026.

Coating Additives Market: Share & Competitor Analysis

AkzoNobel N.V., Ashland Inc., BYK-Chemie GmbH, Elementis PLC, Momentive Performance Materials Inc., Lonza Group Ltd., Cytec Industries Inc., K-Tech (India) Limited, Lubrizol Corporation, Arkema SA, BASF SE, The DOW Chemical Company, Evonik Industries AG, Eastman Chemical Company, Angus Chemical Company, Buckman Laboratories International, Inc., Daikin Industries Ltd., Rhodia SA, SK Formulations India Pvt. Ltd. among others, are the key players competing in the global coating additives market.

Please note: This is not an exhaustive list of companies profiled in the report.

In August 2019, Ashland Inc. launched Strodex PK-86NV specialized phosphate ester surfactant to its product line for aqueous architectural coating.

In April 2019, BYK-Chemie GmbH (Altana), which is a specialty chemicals firm, expanded its specialty chemicals product portfolio in Shanghai, China by launching their products. This helped the company increase its visibility and expand its geographic footprints in the coating additives market.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Global Coating Additives Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Function Growth Scenario

2.1.3 Type Growth Scenario

2.1.4 Application Growth Scenario

2.1.5 Formulation Growth Scenario

2.1.6 Regional Overview

Chapter 3 Global Coating Additives Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rising demand for environmental-friendly products

3.3.1.2 Increasing demand for multifunctional additives

3.3.2 Industry Challenges

3.3.2.1 Stringent environmental rules and regulations

3.4 Prospective Growth Scenario

3.4.1 Function Growth Scenario

3.4.2 Type Growth Scenario

3.4.3 Application Growth Scenario

3.4.4 Formulation Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Global Coating Additives Market, By Type

4.1 Type Outlook

4.2 Acrylic

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Metallic

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Fluoropolymer

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

4.5 Urethane

4.5.1 Market Size, By Region, 2020-2026 (USD Billion)

4.6 Others

4.6.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 Global Coating Additives Market, By Function

5.1 Function Outlook

5.2 Anti-Foaming

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Wetting & Dispersion

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 Biocides

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 Rheology Modification

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

5.6 Impact Modification

5.6.1 Market Size, By Region, 2020-2026 (USD Billion)

5.7 Others

5.7.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 Global Coating Additives Market, By Application

6.1 Application Outlook

6.2 Automotive

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Architectural Application

6.3.1 Market Size, By Region, 2020-2026 (USD Billion)

6.4 Industrial Application

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

6.5 Wood & Furniture

6.5.1 Market Size, By Region, 2020-2026 (USD Billion)

6.6 Others

6.6.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 Global Coating Additives Market, By Formulation

7.1 Formulation Outlook

7.2 Water-Borne

7.2.1 Market Size, By Region, 2020-2026 (USD Billion)

7.3 Solvent-borne

7.3.1 Market Size, By Region, 2020-2026 (USD Billion)

7.4 Powder-based

7.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 Global Coating Additives Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country 2020-2026 (USD Billion)

8.2.2 Market Size, By Type, 2020-2026 (USD Billion)

8.2.3 Market Size, By Function, 2020-2026 (USD Billion)

8.2.4 Market Size, By Application, 2020-2026 (USD Billion)

8.2.5 Market Size, By Formulation, 2020-2026 (USD Billion)

8.2.6 U.S.

8.2.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.2.6.2 Market Size, By Function, 2020-2026 (USD Billion)

8.2.6.3 Market Size, By Application, 2020-2026 (USD Billion)

8.2.6.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.2.7 Canada

8.2.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.2.7.2 Market Size, By Function, 2020-2026 (USD Billion)

8.2.7.3 Market Size, By Application, 2020-2026 (USD Billion)

8.2.7.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3 Europe

8.3.1 Market Size, By Country 2020-2026 (USD Billion)

8.3.2 Market Size, By Type, 2020-2026 (USD Billion)

8.3.3 Market Size, By Function, 2020-2026 (USD Billion)

8.3.4 Market Size, By Application, 2020-2026 (USD Billion)

8.3.5 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.6 Germany

8.3.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.6.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.6.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.6.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.7 UK

8.3.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.7.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.7.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.7.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.8 France

8.3.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.8.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.8.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.8.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.9 Italy

8.3.9.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.9.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.9.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.9.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.10 Spain

8.3.10.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.10.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.10.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.10.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.3.11 Russia

8.3.11.1 Market Size, By Type, 2020-2026 (USD Billion)

8.3.11.2 Market Size, By Function, 2020-2026 (USD Billion)

8.3.11.3 Market Size, By Application, 2020-2026 (USD Billion)

8.3.11.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4 Asia Pacific

8.4.1 Market Size, By Country 2020-2026 (USD Billion)

8.4.2 Market Size, By Type, 2020-2026 (USD Billion)

8.4.3 Market Size, By Function, 2020-2026 (USD Billion)

8.4.4 Market Size, By Application, 2020-2026 (USD Billion)

8.4.5 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4.6 China

8.4.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.6.2 Market Size, By Function, 2020-2026 (USD Billion)

8.4.6.3 Market Size, By Application, 2020-2026 (USD Billion)

8.4.6.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4.7 India

8.4.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.7.2 Market Size, By Function, 2020-2026 (USD Billion)

8.4.7.3 Market Size, By Application, 2020-2026 (USD Billion)

8.4.7.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4.8 Japan

8.4.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.8.2 Market Size, By Function, 2020-2026 (USD Billion)

8.4.8.3 Market Size, By Application, 2020-2026 (USD Billion)

8.4.8.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4.9 Australia

8.4.9.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.9.2 Market size, By Function, 2020-2026 (USD Billion)

8.4.9.3 Market Size, By Application, 2020-2026 (USD Billion)

8.4.9.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.4.10 South Korea

8.4.10.1 Market Size, By Type, 2020-2026 (USD Billion)

8.4.10.2 Market Size, By Function, 2020-2026 (USD Billion)

8.4.10.3 Market Size, By Application, 2020-2026 (USD Billion)

8.4.10.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.5 Latin America

8.5.1 Market Size, By Country 2020-2026 (USD Billion)

8.5.2 Market Size, By Type, 2020-2026 (USD Billion)

8.5.3 Market Size, By Function, 2020-2026 (USD Billion)

8.5.4 Market Size, By Application, 2020-2026 (USD Billion)

8.5.5 Market Size, By Formulation, 2020-2026 (USD Billion)

8.5.6 Brazil

8.5.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.6.2 Market Size, By Function, 2020-2026 (USD Billion)

8.5.6.3 Market Size, By Application, 2020-2026 (USD Billion)

8.5.6.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.5.7 Mexico

8.5.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.7.2 Market Size, By Function, 2020-2026 (USD Billion)

8.5.7.3 Market Size, By Application, 2020-2026 (USD Billion)

8.5.7.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.5.8 Argentina

8.5.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.5.8.2 Market Size, By Function, 2020-2026 (USD Billion)

8.5.8.3 Market Size, By Application, 2020-2026 (USD Billion)

8.5.8.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.6 MEA

8.6.1 Market Size, By Country 2020-2026 (USD Billion)

8.6.2 Market Size, By Type, 2020-2026 (USD Billion)

8.6.3 Market Size, By Function, 2020-2026 (USD Billion)

8.6.4 Market Size, By Application, 2020-2026 (USD Billion)

8.6.5 Market Size, By Formulation, 2020-2026 (USD Billion)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.6.2 Market Size, By Function, 2020-2026 (USD Billion)

8.6.6.3 Market Size, By Application, 2020-2026 (USD Billion)

8.6.6.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.6.7 UAE

8.6.7.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.7.2 Market Size, By Function, 2020-2026 (USD Billion)

8.6.7.3 Market Size, By Application, 2020-2026 (USD Billion)

8.6.7.4 Market Size, By Formulation, 2020-2026 (USD Billion)

8.6.8 South Africa

8.6.8.1 Market Size, By Type, 2020-2026 (USD Billion)

8.6.8.2 Market Size, By Function, 2020-2026 (USD Billion)

8.6.8.3 Market Size, By Application, 2020-2026 (USD Billion)

8.6.8.4 Market Size, By Formulation, 2020-2026 (USD Billion)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 BASF SE

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info-Graphic Analysis

9.3 AkzoNobel N.V.

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info-Graphic Analysis

9.4 Arkema SA

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info-Graphic Analysis

9.5 BYK-Chemie GmbH

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info-Graphic Analysis

9.6 The DOW Chemical Company

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info-Graphic Analysis

9.7 Elementis PLC

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info-Graphic Analysis

9.8 Evonik Industries AG.

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info-Graphic Analysis

9.9 Momentive Performance Materials Inc.

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info-Graphic Analysis

9.10 Eastman Chemical Company

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info-Graphic Analysis

9.11 Ashland Inc.

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info-Graphic Analysis

9.12 Other Companies

9.12.1 Company Overview

9.12.2 Financial Analysis

9.12.3 Strategic Positioning

9.12.4 Info-Graphic Analysis

The Global Coating Additives Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Coating Additives Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global coating additives market?

The global coating additives market size is projected to grow from USD 9.21 billion in 2021 to USD 14.26 billion by 2026, at a CAGR of 6.72% during the forecast period.

Who are the major vendors in the coating additives market?

Key and innovative vendors in the coating additives market include AkzoNobel N.V., Ashland Inc., BYK-Chemie GmbH, Elementis PLC, Momentive Performance Materials Inc., Lonza Group Ltd., Cytec Industries Inc., K-Tech (India) Limited, Lubrizol Corporation, Arkema SA, BASF SE, The DOW Chemical Company, Evonik Industries AG, Eastman Chemical Company, Angus Chemical Company, Buckman Laboratories International, Inc., Daikin Industries Ltd., Rhodia SA, and SK Formulations India Pvt. Ltd.

Which region has the highest market share in the coating additives market?

North America is estimated to hold the highest market share in the coating additives market.

What is the Covid-19 impact on future coating additives manufacturers?

Globally, Covid-19 impact on the future coating additives market will be quite significant for the manufacturers. North America would be leading because of the soaring demand for Acrylic-based coating additives. Subsequently, the Asia Pacific market will be growing the fastest because of the rising demand for additives from the automobiles and construction industries.

What are the major drivers in the coating additives market?

The major driving factors for the coating additives market include the rising number of vehicles in emerging regions; growing construction industry; continual technological development and product innovation; increasing demand for ecological, sustainable, and green coatings; rising product launch strategies of technologically advanced adhesives; increasing demand for water-borne products from the manufacturing industries; rising awareness & national concerns to reduce the usage of VOCs in coatings.