Coating Additives Market

The report "Coating Additives Market by Type (Defoamer, Wetting & Dispersing Agents, Rheology Modifiers), Formulation (Water-borne, Solvent-borne), Application (Architectural, Industrial, Automotive & Transportation, Wood & Furniture), and Region - Global Forecast to 2029", size was USD 8.72 billion in 2024 and is projected to reach USD 11.04 billion by 2029, at a CAGR of 4.8%, between 2024 and 2029.

Browse 344 market data Tables and 58 Figures spread through 275 Pages and in-depth TOC on "Coating Additives Market by Type (Defoamer, Wetting & Dispersing Agents, Rheology Modifiers), Formulation (Water-borne, Solvent-borne), Application (Architectural, Industrial, Automotive & Transportation, Wood & Furniture), and Region - Global Forecast to 2029"
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The market is projected to grow because of the growing infrastructural projects and urbanization, mounting demand for water-borne products, increasing needs for bio-based additives, and  increasing industrial expansion in Asia Pacific region. Coating additives are specialized substances incorporated into coatings formulations to improve durability, adhesion, weather resistance, appearance, and functionality, making them a crucial tool for wide range of industries in today's world. In addition, due to the increasing population, increasing demand for corrosion protection, technological advancements and changing consumer needs, the demand for coating additives can increase due to various applications.

Rheology modifiers segment type accounted for the largest type of the global coating additives market, in terms of value

Rheology modifiers holds the largest share of the coating additives market as they control the flow and application properties of coatings to better extent. These additives primarily have a role in sealing effect, viscosity, and stability of paints and coatings and thus, enables smooth and even applications , providing fine quality finish. In addition, they can also help to avoid problems like sagging and uneven leveling, making it irreplaceable in car, architectural, and industrial coatings.

Water-borne formulation segment is estimated to be the fastest growing formulation of coating additives market, in terms of value, during the forecast period.

Water-borne formulations are going to register the highest CAGR in the coating additives market for several reasons. Tighter environmental standards for lowering VOC emissions have also been the chief catalyst for the move towards these green solutions. Furthermore, increased understanding of the negative impact of chemical on the environment means that consumers prefer products that are water-based. Improvements have however been made in their performance and they are widely used in construction, automobile and industrial industries. In addition, the flexibility in application and clean up that comes with water-borne coatings makes them a popular choice with the customer and the end user.

Europe is estimated to be the second-largest market for the coating additives market, in terms of value, during the forecast period.

Europe is the second largest coating additives market because it is a strong manufacturing hub in offering products in car, construction and via production processes that require high quality coatings. The environmental regulation in the region is high to support sustainable development of advanced additives even for low VOC formulations. Moreover, Europe is also a Centre for research and development to helping improve performance through formulation of better chemicals. Standardization of supplies and a broad network of additive manufacturers also contribute to future market increases in market access and products. These factors acting together to make Europe second largest market for coating additives.

The key players profiled in the report include BASF SE (Germany), ALTANA AG (Germany), Dow Inc. (US), Nouryon (Netherlands), Evonik Industries AG (Germany), Arkema (France), Eastman Chemical Company (US), Ashland Inc. (US), Clariant AG (Switzerland), Allnex GMBH (Germany), Elementis plc (UK), The Lubrizol Corporation (US), Momentive Performance Materials Inc. (US), and among others.

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