Coating Additives Market was valued at US$ 10.15 Bn. in 2022 and the total Coating Additives revenue is expected to grow at 5.8% from 2023 to 2029, reaching nearly US$ 15.06 Bn.
Coating Additives Market Report Overview:
The objective of the Coating Additives market report by MMR is to help clients make informed business decisions. The report provides insights into the Coating Additives market, including its trends, drivers, and challenges. This information can help clients identify areas where they need to improve their business, as well as areas where they are already performing well. The report also provides information on the competitive landscape, which can help new entrants to the market understand the challenges they face and develop strategies to overcome them.
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Coating Additives Market Scope and Research Methodology
The report provides a comprehensive analysis of the Coating Additives industry, including trends, forecasts, and monetary values.
- It provides an in-depth analysis of the segments and sub-segments in global and regional Coating Additives markets.
- It uses a bottom-up approach to estimate the Coating Additives market size.
- It includes information on key market participants, new entrants, their services, revenue, financial status, portfolio, growth strategies, and regional presence.
- It provides demand projections, market trends, and micro and macro factors that drive and restrict the Coating Additives market’s growth.
- It uses qualitative and quantitative methods, including SWOT, PESTLE, and Porter’s Five Forces analysis.
- It identifies key upcoming developments that are expected to influence Coating Additives market demand over the forecast period.
Coating Additives Market Regional Analysis:
Geographically, Coating Additives market report is segmented into following regions:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- Middle East and Africa (GCC Countries and Egypt.)
Coating Additives Market Segmentation:
Over the course of the forecast period, the water-borne coating segment by formulation is anticipated to increase at a CAGR of 6.2%. Demand for more ecologically friendly alternatives, including aqueous coatings, which contain less solvents that evaporate during the curing process, has steadily shifted away from solvent-borne coatings as people become more aware of the negative effects of VOC emissions.
Waterborne coatings are anticipated to be the largest and fastest-growing market in the Asia Pacific region. The expansion can be attributed to the region’s steadily expanding car and building industries. The market is expanding because of the region’s less stringent regulations. Furthermore, it is anticipated that government regulations in the US and Western Europe, particularly those pertaining to air pollution, would encourage the use of innovative, low-polluting coating technologies and open up new market opportunities for the sustainable coating additives industry.
Compared to solvent-borne coatings, waterborne coatings need longer drying and curing periods. The application of coatings is influenced by the superior flow properties of waterborne coatings, which change with humidity. High humidity conditions make it difficult for water to evaporate, which leads to a poor cure and reduced efficacy. Waterborne coatings can also become ineffective after freezing, and many become vulnerable to freezing temperatures. It is anticipated that these features would impede the expansion of the coating additives market.
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Coating Additives Market Key Players:
1. Solvay 2. Lord Corporation 3. DSM 4. Jotun A/S 5. Eastman Chemical Company 6. Clariant AG 7. Cabot Corporation 8. Rhodia SA 9. Double Bond Chemical Ind. Co Ltd. 10. Dynea as 11. Kenrich petrochemicals 12. Berger paints 13. Beckers Group 14. Arkema SA 15. KCC paint 16. Nippon Paint 17. Kansai Paint 18. PPG Industries 19. BASF SE
Key questions answered in the Coating Additives Market are:
- What was the Coating Additives market size in 2022?
- What is the growth rate of the Coating Additives Market?
- Which are the factors expected to drive the Coating Additives market growth during the forecast period?
- What are the different segments of the Coating Additives Market?
- What are the factors restraining the growth of the Coating Additives Market?
- What are the factors driving the Coating Additives market growth?
- What segments are covered in the Coating Additives Market?
- Who are the Coating Additives key players in the industry?
- What are the upcoming industry applications and trends for the Coating Additives Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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