Coating Additives Market by Type (Rheology Modifiers, Dispersants, Foam Control Additives, Slip/Rub Materials, Wetting Agents), Function (Anti-Foaming, Wetting & Dispersion, Biocides, Rheology Modification), Application (Architectural, Industrial, Automotive, Wood & Furniture), & Region for 2024-2031
Report ID: 42590|No. of Pages: 202
Coating Additives Market by Type (Rheology Modifiers, Dispersants, Foam Control Additives, Slip/Rub Materials, Wetting Agents), Function (Anti-Foaming, Wetting & Dispersion, Biocides, Rheology Modification), Application (Architectural, Industrial, Automotive, Wood & Furniture), & Region for 2024-2031
Coating Additives Market Valuation — 2024-2031
The coating additives market is driven upwards by technological advancements in additive formulations, increasing demand for high-performance coatings, and growing awareness of sustainable coating solutions. According to analyst, the coating additives market is estimated to reach a valuation of USD 15.63 Billion by 2031, up from USD 10.44 Billion valued in 2024.
The rapid expansion of the coating additives market is primarily propelled by rising global demand for advanced coating solutions across various end-use industries, as well as stringent environmental regulations promoting the adoption of eco-friendly additives. These factors are enabling the market to grow at a CAGR of 5.70% from 2024 to 2031.
Coating Additives Market: Definition/Overview
Coating additives are specialty chemicals that are incorporated into coating formulations to enhance specific properties or performance characteristics of the final coating. These additives are typically used in small quantities but play a crucial role in improving various aspects of coatings, such as durability, appearance, application properties, and functionality.
Furthermore, coating additives have a wide range of applications across numerous industries, including architectural, automotive, industrial, wood and furniture, and aerospace. They are utilized to modify properties such as rheology, surface tension, UV resistance, anti-foaming, and wetting and dispersion. The growing demand for high-performance and environmentally friendly coatings is driving innovation in the coating additives market, leading to the development of new and advanced additive technologies.
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What Factors are Propelling the Growth of the Coating Additives Market?
Rising building activity worldwide, particularly in emerging nations, is pushing up demand for coating additives. According to a report, the overall value of construction projects in the United States was around $1.5 trillion in 2021, indicating significant investment in residential and commercial buildings. This trend increases the demand for high-performance coatings with additives to improve durability and visual appeal.
Furthermore, the automobile industry is a major consumer of coating additives due to increased vehicle manufacturing and the requirement for protective coatings. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production reached over 80 million units in 2021, suggesting a post-pandemic comeback. The increase in production is increasing demand for new coating technologies, such as additives that improve performance, corrosion resistance, and aesthetics.
What are the Key Challenges Hindering the Coating Additives Market?
Price fluctuations in crucial raw materials used in the manufacturing of coating additives cause uncertainty for manufacturers. These variable costs drive up production costs, reducing profit margins and complicating long-term planning. As businesses navigate this uncertain landscape, they struggle to maintain competitive pricing and profitability, limiting market expansion.
Furthermore, the development of sophisticated coating additives necessitates significant investment in R&D, as well as a thorough understanding of complicated chemical interactions. This presents substantial challenges for smaller enterprises that lack the appropriate resources or experience. Furthermore, the intensive testing required to assure safety and effectiveness increases the time-to-market for new products, limiting companies’ ability to respond quickly to changing consumer needs.
Category-Wise Acumens
What are the Drivers that Contribute to the Demand for Rheology Modifiers?
The rheology modifiers segment is projected to dominate the market in the type of category during the forecast period. Rheology modifiers play a crucial role in controlling the flow and leveling properties of coatings, which are essential for achieving optimal application and final film appearance. The increasing demand for high-performance coatings with improved application properties and enhanced durability is driving the growth of this segment.
Additionally, the growing trend toward water-based coatings is fueling the demand for rheology modifiers. Water-based systems often require more sophisticated rheology control compared to solvent-based coatings, creating opportunities for advanced rheology modifier technologies. Manufacturers are developing innovative products that provide excellent sag resistance, leveling, and stability in water-based formulations, further boosting the growth of this segment.
Furthermore, the versatility of rheology modifiers across various coating applications is contributing to their market dominance. These additives are used in architectural coatings, industrial coatings, automotive coatings, and many other applications, providing a broad market base. The ability of rheology modifiers to enhance multiple coating properties, such as anti-settling, anti-sagging, and improved brush ability, makes them indispensable in many coating formulations, driving their continued market growth.
What are the Potential Factors for the Growth of Wetting and Dispersion in the Market?
The wetting and dispersion function segment is anticipated to exhibit significant growth in the coating additives market during the forecast period. Wetting and dispersion additives are crucial for ensuring proper pigment and filler distribution within coating formulations, which directly impacts the color, opacity, and overall performance of the final coating. The increasing demand for high-quality coatings with superior color properties and enhanced durability is driving the growth of this segment.
Moreover, the trend towards higher solid content and low VOC coatings is creating new challenges in pigment dispersion, thereby boosting the demand for advanced wetting and dispersion additives. These additives help in achieving stable dispersions in more challenging formulations, enabling manufacturers to meet stringent environmental regulations without compromising on coating performance.
Furthermore, the growing use of complex pigment systems and specialty effect pigments in various applications, such as automotive and industrial coatings, is fueling the demand for sophisticated wetting and dispersion additives. These additives play a critical role in optimizing the performance of expensive pigments, ensuring maximum color development and stability. As the coating industry continues to innovate with new pigment technologies, the importance of effective wetting and dispersion additives is expected to increase, driving growth in this segment.
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Country/Region-wise Acumens
What are the Key Factors that Contribute to Asia Pacific’s Edge in the Market?
The Asia Pacific region is projected to dominate the coating additives market during the forecast period. The Asia-Pacific region is experiencing significant urbanization and infrastructure growth, leading to a surge in demand for high-performance coatings. According to the Asian Development Bank (ADB), infrastructure investment needs in Asia are estimated at $1.7 trillion per year until 2030 to maintain growth momentum, alleviate poverty, and respond to climate change. This massive investment fuels the demand for coating additives that enhance the durability, appearance, and sustainability of construction materials.
Asia-Pacific, particularly China, Japan, and India, is a global hub for automotive production, significantly contributing to the demand for coating additives. According to the International Organization of Motor Vehicle Manufacturers (OICA), China alone produced over 27 million vehicles in 2022, accounting for nearly one-third of global production. The region’s robust automotive industry drives the need for advanced coatings, boosting the adoption of additives that provide superior protective and aesthetic properties.
Furthermore, the region’s strong industrial base, supported by favorable government policies and investments, enhances its position in the coating additives market. The World Bank reported that manufacturing value added in Asia-Pacific countries like China and India grew at rates of 4.2% and 7.5% respectively in 2022. This growth in manufacturing increases the demand for industrial coatings, where additives play a critical role in improving product performance, efficiency, and compliance with environmental standards.
How Do Environmental Regulations Shape the Market Landscape in North America?
The North American region is expected to witness significant growth in the coating additives market during the forecast period. North America, particularly the U.S., is home to a robust automotive and aerospace manufacturing sector, which drives the demand for high-performance coatings and additives. According to a report, the aerospace and automotive industries contributed approximately $1.6 trillion to the U.S. GDP in 2022. The need for advanced coatings that provide enhanced protection, durability, and aesthetic qualities in these industries significantly boosts the adoption of coating additives.
With stringent environmental regulations set by agencies like the Environmental Protection Agency (EPA), there is a growing demand for sustainable, low-VOC coatings in North America. The EPA’s regulations on VOC emissions have driven the market towards more eco-friendly coating solutions, which rely heavily on specialized additives.
Furthermore, the construction industry in North America continues to expand, particularly in residential and commercial sectors, fueling the demand for advanced coatings. According to Verified Market Research, construction spending in the U.S. reached approximately $1.8 trillion in 2022, showing consistent growth. Coating additives are essential in enhancing the performance, longevity, and visual appeal of coatings used in various construction applications, further driving market adoption.
Competitive Landscape
The coating additives market’s competitive landscape is characterized by the presence of both global players and regional manufacturers, all vying for market share in an increasingly dynamic and innovation-driven industry
Some of the prominent players operating in the coating additives market include:
- BASF SE
- Evonik Industries AG
- Arkema SA
- BYK Additives & Instruments
- Elementis PLC
- Dow Inc.
- Clariant AG
- Eastman Chemical Company
- Momentive Performance Materials Inc.
- Lubrizol Corporation
Latest Developments
- In March 2023, BASF SE introduced a new range of bio-based wetting and dispersion additives. These additives, generated from renewable raw resources, are intended to fulfill the growing need for environmentally friendly coating solutions while retaining great performance.
- In November 2022, Evonik Industries AG announced the expansion of its production capacity for specialty silica in Japan. This expansion is aimed at meeting the increasing demand for matting agents and other silica-based additives in the Asia Pacific region.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~5.70 % from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | BASF SE,Evonik Industries AG, Arkema SA, BYK Additives & Instruments, Elementis PLC, Dow Inc., Clariant AG, Eastman Chemical Company, Momentive Performance Materials Inc., Lubrizol Corporation |
| Customization | Report customization along with purchase available upon request |
Coating Additives Market, By Category
Type:
- Rheology Modifiers
- Dispersants
- Foam Control Additives
- Slip/Rub Materials
- Wetting Agents
- Others
Function:
- Anti-Foaming
- Wetting & Dispersion
- Biocides
- Rheology Modification
- Impact Modification
- Others
Application:
- Architectural
- Industrial
- Automotive
- Wood & Furniture
- Others
Region:
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL COATING ADDITIVES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL COATING ADDITIVES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL COATING ADDITIVES MARKET, BY TYPE
5.1 Metallic Coating Additives
5.2 Fluoropolymer Coating Additives
5.3 Acrylic Coating Additives
5.4 Urethane Coating Additives
5.5 Others
6 GLOBAL COATING ADDITIVES MARKET, BY APPLICATION
6.1 Architectural Application
6.2 Automotive
6.3 Industrial Application
6.4 Wood & Furniture
6.5 Others
7 GLOBAL COATING ADDITIVES MARKET, BY FUNCTION
7.1 Wetting & Dispersion
7.2 Rheology Modification
7.3 Biocides
7.4 Anti-Foaming
7.5 Others
8 GLOBAL COATING ADDITIVES MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL COATING ADDITIVES MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 BYK-Chemie GmbH
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Elementis PLC
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 ExxonMobil
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Eastman Chemical Company
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 BASF
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 AkzoNobel N.V.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Development
10.7 Arkema
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 DuPont
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Evonik Industries
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Development
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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