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Global Coatings additives market is expected to reach USD 12.34 billion in 2025 at a CAGR of 6.49% from 2018 to 2025. The increasing demand from the fields of architecture, industries, automobile, and wood & furniture industries are the moving force behind the coating additives market.
Market Overview:
Coatings additives are compounds that enhance the inherent properties of the coatings like gloss, flow, viscosity and stain resistance. Coatings are dominantly used in construction sector. Increased spending on infrastructure and housing development in developing economies of Asia Pacific are expected to fuel the demand over the forecasted period for Coatings and paints in general and Coating additives in particular.
Report Description:
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Coating Additives Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The Coating Additives Market has been segmented on the basis of formulation, type, function and applications.
The formulation segment is segmented into Solvent-borne, Water-borne and Powder based. Water-borne formulations dominated the demand for coating additives with USD 3.13 billion in revenues during 2017. Water-borne is segment projected to continue its hold over the market among all the formulation types during the forecast period. The market share for solvent-borne system is decreasing steadily on account of their harmful property of emitting toxic fumes. Powered based and water-borne formulations are increasingly being preferred over solvent-borne ones.
The type segment is classified on the basis of acrylics, fluoropolymers, urethanes, metallic additive and others. Out of which acrylic additives hold the major share of the market, in terms of volume, followed by urethanes. Fluoropolymers and metallic additives for coatings are expected to witness the highest growth rate with respect to other types due to their property of providing excellent protection against chemicals, abrasion, temperature, and corrosion among others.
The Coating Additives by function are further subcategorized into Rheology Modification, Biocides Impact Modification, Anti-Foaming, Wetting & Dispersion, Others. Rheology modification function is projected to dominate the coating additives market during the forecast period with expected market share of 42.51% by revenues in 2025. Rheology modifying additives have a property to provide optimum fluidity and functionality to the surface that is being coated. The rheology modifier additives are beneficial towards providing better finishing to the coating surface. Biocides Impact Modification segment is also expected to achieve significant market share on account of its property of protecting paint films against microbial damage which is of immense use in humid parts of the world where fungal and algal paint damages are prevalent.
Applications Segment is segmented into architectural, automotive, industrial, wood & furniture, thers. Architectural segment is expected to remain dominant during the forecast period due to growing commercial, residential and infrastructural construction in developing economies of Asia Pacific where demand for protective paints for constructed structures is driving the demand for coating additives. Additionally, the growing demand for automobiles in regions such as Asia-Pacific and South America is fueling the demand for high-performance automotive coating additives. Wood and furniture segment is also expected to register impressive growth based on increase in disposable income providing demand for lifestyle products such as modern furniture.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region the demand for coating additives with 36.27% of total revenue in 2017 followed by North America.
Global Coatings Additives market Competitive Analysis:
The key players in coating additives markets are Evonik Industries, AkzoNobel NV, BASF AG, Arkema SA, BYK- Chemie GmbH, Eastman Chemicals, Dow Chemical Company, Lubrizol Corporation, Solvay S.A., Momentive Performance Materials Inc, Ashland Inc, King Industries Inc., Valspar among others. In 2017 Evonik merged its Coating Additives Business Line, the coatings business of its Silica Business Line, and the specialty additives branch of Air Products with a focus on substrate wetting additives to effectively serve the rising demand for coating additives.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD billion) {Market Size} Volume (Kilotons) |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2016 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the Global Coatings Additives market on the basis of below mentioned segments:
Coatings Additives Market by Formulation:
Coating Additives Market by Type:
Coating Additives Market by Function:
Coating Additives Market by Applications:
Coatings Additives Market By Regions:
List of Table
List of Figures
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