Coating Additives Market Revenue to Cross US$ 20.6 billion by 2035

Published: April 2024


According to a recently published report by Roots Analysis, the growing global demand for automobiles, coupled with the rising industrialization is serving as a significant driver for the growth of the coating additives market.

Coating Additives Industry Overview

The global coating additives market is anticipated to reach over USD 20.6 billion by 2035, growing at a CAGR of 5.86% during the forecast period 2024-2035.

Coating additives are raw materials, used in specific quantities into different coating formulations to improve appearance, performance, and durability of the material. These are used across different industries, including automotive and aerospace, electronics, marine and energy. It is worth highlighting coating additives are used to carry out various functions, such as anti-foaming, biocides impact modification, rheology modification, and wetting and dispersion. Additionally, coating additives provide some specific functionality, including enhanced gloss, scratch resistance and anti-corrosion additives for coatings.

Browse 55+ figures and 55 market data tables spread across 90+ slides and detailed Table of Content on “Coating Additives Market, Industry Trends and Global Forecasts, Till 2035: Distribution by Industry Served, Type of Formulations, Type of Products, Type of Functions and Geographical Region” here: https://www.rootsanalysis.com/reports/coating-additives-market.html

Market Drivers

The coating additives market experiences growth propelled by improving performance, reducing maintenance cost and promotes sustainable manufacturing through water-based coating. The demand for  strong adhesion, durability, and appealing appearance is increasing through construction projects in Asia-Pacific regions, owing to its substantial population growth. Furthermore, increase in automobile sales is expected to be a major driving factor for coming years.

Market Restraints

The market restraints for the coating additives market include raw material price volatility and stringent environmental regulations. In addition, complex chemical processes lead to scale-up challenges and quality maintenance. Further, limited awareness among various end-users about the benefits and applications of coating additives is a crucial market restraint.

Growth Factors

Technological advancements to cater specific industry needs, collaborative efforts between industry stakeholders, and research institutions, and increasing use of coating additives in various industries are key growth facts. Furthermore, the demand for sustainable and environmentally friendly products presents a significant opportunity for coating additive manufacturers.

Coating Additives Market Segments

Based on end-users, the market is segmented into architectural coating, automotive coating, industrial coating, marine coating, metal packaging, wood and furniture coating and other end-users

  • The architectural segment led the coating additives market, capturing the largest revenue share of 35% in 2024.
  • The automotive coating segment is anticipated to be the fastest growing segment in this industry, growing at an annualized rate (CAGR) of 6.57%, during the forecast period.

Based on the type of formulation, the market is segmented into powder coating additives, radiation curable coating, solvent based coating, solventless coating, water based coating and other formulations

  • The water-based coating segment led the coating additives market, capturing the largest revenue share of 42% in 2024.
  • In fact, the water-based coating is anticipated to be the fastest growing segment in this industry, growing at an annualized rate (CAGR) of 6.93%, during the forecast period.

Based on the type of product, the market is segmented into acrylics, metallic additives, polymers, urethanes and other products

  • The polymer segment led the coating additives market, capturing the largest revenue share of more than 29% in 2024.
  • In fact, the polymer segment is anticipated to be the fastest growing segment in this industry, growing at an annualized rate (CAGR) of 6.33%, during the forecast period.

Based on the type of function, the market is segmented into anti-foaming, biocides impact modification, rheology modification, wetting & dispersion and other functions

  • The rheological modification segment led the coating additive market, capturing the largest revenue share of close to 35% in 2024.
  • The wetting and dispersion segment is anticipated to be the fastest growing segment in this industry, growing at an annualized rate (CAGR) of 6.75%, during the forecast period.

Based on the geography, the market is segmented into North America, Europe, Asia, Middle East and North Africa, and Rest of the world

  • The Asia segment led the coating additives market, capturing the largest revenue share of close to 40% in 2024.
  • In fact, the Asia segment is anticipated to be the fastest growing segment in this industry, growing at an annualized rate (CAGR) of 6.17%, during the forecast period.

Key Companies Presented

The coating additives market report also includes detailed information of key players (some of which listed below) that claim to manufacture coating additives:

  • ADVANCION
  • Arkema
  • Arxada
  • BASF
  • Borchers
  • Buckman
  • Ezhou Anjeka Technology
  • GRACE
  • LANXESS
  • Momentive
  • NEI Corporation
  • Nova Polychem
  • PPG
  • Synthomer
  • Zschimmer & Schwarz

You Can Download Free Sample PDF Copy of This Report At:
https://www.rootsanalysis.com/reports/coating-additives-market/request-sample.html

About Roots Analysis

Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.

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Gaurav Chaudhary
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Email: Gaurav.chaudhary@rootsanalysis.com or sales@rootsanalysis.com

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