The Coating Additives Global Market Report 2023 by The Business Research Company, provides coating additives market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Coating Additives Global Market Report 2023, the global coating additives market size grew from $8.64 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global coating additives is expected to grow to $12.95 billion in 2027 at a CAGR of 8.4%.
The strong growth in buildings and the construction sector is driving the growth of the market. In the construction sector, coating additives are used to improve the viscosity, surface effectiveness, and impact resistance of substrates. The rapid growth in residential and commercial construction activities across the globe and the growing adoption of environmentally friendly additives to improve wall and roof installations while maintaining environmental impact.
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The coating additives market is segmented:
1) By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additives, Other Types
2) By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions
3) By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications
The company’s investment in R&D is the key trend gaining popularity in the coating additives market. Companies operating in the coating additives market are increasing investments in R&D and initiatives to develop technologically advanced products to meet demand from various end-user industries across the globe. For example, in June 2021, BASF, a multinational chemical company, invested in a new R&D centre in Japan for the development and production of new products. This R&D center was established to get global R&D expertise and local R&D flexibility to provide the best solutions.
Top 5 Major Key Players Are:
Akzo Nobel NV
ANGUS Chemical Company
Arkema
Ashland Global Holdings, Inc
Momentive Performance Materials, Inc
Table Of Contents
1. Executive Summary
2. Coating Additives Market Characteristics
3. Coating Additives Market Trends And Strategies
4. Coating Additives Market – Macro Economic Scenario
5. Coating Additives Market Size And Growth
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26. Africa Coating Additives Market
27. Coating Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coating Additives Market
29. Coating Additives Market Future Outlook and Potential Analysis
30. Appendix
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