Coating Additives Market

Coating Additives Market: Industry Trends and Global Forecasts, till 2035: Distribution by Industry Served (Architectural Coating, Automotive Coating, Industrial Coating, Marine Coating, Metal Packaging, Wood and Furniture Coating and Other End-Users), Type of Formulations (Powder Coating Additives, Radiation Curable Coating, Solvent Borne Coating, Solventless Coating, Water Borne Coating and Other Formulations), Type of Products (Acrylics, Metallic Additives, Polymers, Urethanes and Other Products), Type of Functions (Anti-Foaming, Biocides Impact Modification, Rheology Modification, Wetting & Dispersion and Other Functions), Geographical Region (North America, Europe, Asia, Middle East and North Africa and Rest of the World)

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Coating Additives Market Overview

The global coating additives market size is estimated to grow from $11 billion in 2024 to $20.6 billion by 2035, growing at a CAGR of 5.86%, during the forecast period, 2024-2035. The new research study consists of industry trends, detailed market analysis, patent analysis, value chain analysis, SWOT analysis, and market forecast and opportunity analysis. The growth in the market size over the next decade is likely to be the result of the anticipated surge in infrastructure, automobile sector and demand for sustainable coating additives market by product.

Coating Additives Market by Product, 2024-2035 (USD Billion)

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Additives make up around 5% of the overall formulation in coating material and are crucial components that are used to improve overall coating. It provides durability, stability, and effectiveness in coating. In addition, a small amount of additive can considerably increase the life of coating film, along with enhancement of appearance and personalization to any product. 

Coating additives are raw materials, used in coating formulation, 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. It is worth highlighting that the additives are used in specific quantities into different coating formulations to improve their performance across different industries, including automotive and aerospace, electronics, marine and energy. Further, with continuous evolution and advancement in technology, coating additives are now used in the food industry as an edible film to increase the shelf life of food products. Notably, the coating additive industry is moving towards sustainability through adoption of bio-based coating additives derived from renewable resources.

Driven by the increasing consumer demand for sustainable coating material, dynamic needs of various industries and evolving technologies, the coating additives market is expected to experience steady market growth during the forecast period.

Coating Additives Market Share Insights

The market research report presents an in-depth analysis of the various coating additives manufacturer, across different segments, as defined in the table below:

Coating Additives Market: Report Attributes / Market Segmentations

Key Report Attribute Details
Historical Trend 2019-2023
Base Year 2024
Forecast Period 2025-2035
Market Size 2024 $11 Billion
CAGR 5.86%
End-Users
  • Architectural Coating 
  • Automotive Coating
  • Industrial Coating 
  • Marine Coating
  • Metal Packaging
  • Wood and Furniture Coating
  • Other End-Users
Type of Formulation
  • Powder Coating
  • Radiation Curable Coating
  • Solvent Borne Coating
  • Solventless Coating
  • Water Borne Coating
  • Other Formulations
Type of Product
  • Acrylics
  • Metallic Additives 
  • Polymer
  • Urethanes
  • Other Products
Type of Function
  • Anti-Foaming
  • Biocides Impact Modification
  • Rheology Modification
  • Wetting and Dispersion
  • Other Functions 
Geographical Regions
  • North America
  • Europe
  • Asia 
  • Middle East and North Africa 
  • Rest of the World
Leading Companies in Coating Additives
  • ADVANCION
  • Arkema
  • Arxada
  • BASF
  • Borchers
  • Buckman
  • Ezhou Anjeka Technology
  • GRACE
  • LANXESS
  • Momentive
  • NEI Corporation
  • Nova Polychem
  • PPG
  • Synthomer
  • Zschimmer & Schwarz
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Overall Market Landscape 
Patent Analysis 
Market Forecast and Opportunity Analysis 

One of the key objectives of this market report was to estimate the current market size, opportunity and the future growth potential of the coating additives market, over the forecast period. Based on multiple parameters, likely adoption trends and insights gained during our discussions with prominent stakeholders in the industry, we have provided an informed estimate on the market evolution during the forecast period 2024-2035. 

The market report also features the likely distribution of the current and forecasted opportunity within the coating additives market across various segments, such as Industry Served (Automotive Coating, Marine Coating, Industrial Coating and Other Industries), Type of Formulation (Solvent Borne Coating, Water Borne Coating, Solventless Coating, Powder Coating Additives, Radiation Curable Coating and Other Formulations), Type of Product (Acrylics, Polymers, Urethanes, Metallic Additives and Other Products), Type of Function (Anti-Foaming, Biocides Impact Modification, Rheology Modification, Wetting & Dispersion and Other Functions), Key Geographical Region (North America, Europe, Asia, Middle East and North Africa and Rest of the World). 

In order to account for future uncertainties associated with some of the key parameters and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s evolution. Further, all actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market report are in USD, unless otherwise specified.

Coating Additives Market Key Segments

Market Share by End-Users

The global coating additives market is categorized into different end-users, such as architectural coating, automotive coating, industrial coating, marine coating, metal packaging, wood and furniture coating and other end-users. Among these industries, automotive coating is projected to witness the highest growth rate during the forecast period. This can be attributed to the rising sales and demand of automobiles in Asia, specifically in India.

Market Share by Type of Formulation

The global coating additives market is segmented into powder coating additives, radiation curable coating, solvent borne coating, solventless coating, water borne coating and other formulations. Owing to the increased focus on sustainability and being more economically beneficial, the water-based coating segment is likely to grow at a higher CAGR as compared to other type of formulation during the forecast period, 2024-2035.

Market Share by Key Geographical Region

This segment highlights the distribution of coating additives market across various geographies, such as North America, Europe, Asia, Middle East and North Africa and Rest of the World. According to our projections, Asia is likely to capture the majority of the share in 2024, and this trend is unlikely to change in the future. It is also worth highlighting that the market in Asia is expected to grow at a relatively healthy CAGR (6.17%), during the forecast period, 2024-2035.

Coating Additives Market Key Insights

The “Coating Additives Market: Industry Trends and Global Forecasts, till 2035: Distribution by Industry Served (Architectural Coating, Automotive Coating, Industrial Coating, Marine Coating, Metal Packaging, Wood and Furniture Coating and Other End-Users), Type of Formulations (Powder Coating Additives, Radiation Curable Coating, Solvent Borne Coating, Solventless Coating, Water Borne Coating and Other Formulations), Type of Products (Acrylics, Metallic Additives, Polymers, Urethanes and Other Products), Type of Functions (Anti-Foaming, Biocides Impact Modification, Rheology Modification, Wetting & Dispersion and Other Functions), Geographical Region (North America, Europe, Asia, Middle East and North Africa and Rest of the World)” report features an extensive study of the current market landscape, market size and future opportunities for coating additives manufacturer, during the given forecast period. The market report highlights the efforts of several stakeholders engaged in this market segment of the coating domain. Key takeaways of the coating additives industry analysis is briefly discussed below.

Competitive Landscape of Coating Additives Market

The current market landscape features the presence of close to 80 companies that are engaged in the development of coating additives. Overall, the market seems to be well-distributed, comprising of very large, large, mid-sized and small coating additives manufacturers. It is also worth highlighting that more than 40% of the coating additives companies are based in Asia, followed by North America (28%) and  Europe (26%).

Market Trends: Strategic Partnerships are Driving Advancements in Coating Additive Market

Stakeholders in the coating additives industry have forged several partnerships with organizations to drive technological advancements in the coating additives domain. For instance, in March 2024, Univar Solutions entered into a strategic partnership with Arxada in order to distribute preservatives and performance additives for coatings in Brazil. In December 2023, the AkzoNobel entered into a strategic partnership with CoatingAI to develop AI based software for powder coating, intends to save time, energy and reduce costs. This partnership aims to improve power consumption, reduce defects, make it more economical and enhances efficiency. Such partnerships are expected to drive coating additives market growth during the forecast period.

Market Size of the Coating Additives Market

The market for additives for coating is poised for significant growth, fueled by rising demand for durable and sustainable coatings across diverse industries. Projections indicate a robust CAGR of 5.86% during the forecast period of 2024-2035. The quest for more effective and long-lasting coatings has underscored the importance of coating additives, which are increasingly recognized for their value addition in this domain. Moreover, the market stands to benefit from the availability of tailored coating additives solutions designed to meet specific client requirements. Innovations, such as antimicrobial coatings and UV-resistant additives are expected to be key drivers propelling the expansion of the market.

Asia Holds the Largest Coating Additives Market Share 

Asia currently holds a substantial share of approximately 40% in the coating additives industry market opportunity. This dominance can be attributed to several factors, including supportive government regulations favoring the use of coating additives, the sustained growth of the automobile market, and a strong focus on industrialization in key countries, such as India, China, and Japan.

Leading Coating Additives Manufacturer

Examples of key companies engaged in the coating additives industry (which have also been captured in this market report, arranged in alphabetical order) include AkzoNobel, ALTANA, Arkema, BASF, Clariant, DAIKIN, Dow, Eastman, ELEMENTIS, Evonik, LANXESS, Nouryon, PPG and Solvay. This market report includes an easily searchable excel database of all the companies engaged in the coating additives industry worldwide.

Coating Additives Market Report Coverage

The market report presents an in-depth analysis, highlighting the capabilities of various companies engaged in this domain, across different segments. Amongst other elements, the market report includes:

  • A preface providing an introduction to the full report, Coating Additives Market, 2019-2023 (Historical Trends) and 2024-2035 (Forecasted Estimates).
  • An outline of the systematic research methodology adopted to conduct the study on coating additives, providing insights on the various assumptions, methodologies, and quality control measures employed to ensure accuracy and reliability of our findings.
  • An overview of economic factors that impact the overall coating additives market, including historical trends, currency fluctuation, foreign exchange impact, recession, and inflation measurement.
  • An executive summary of the insights captured during our research. It offers a high-level view on the current state of the market for coating additives and its likely evolution in the mid-long term.
  • A detailed assessment of coating additives, based on several relevant parameters, including end-users, type of formulations, type of product and type of function. Further, it highlights a detailed assessment of the overall market landscape of developer companies, along with information on their year of establishment, company size and location of headquarters.
  • A value chain analysis featuring a discussion on various stakeholders involved in the development of coating additives, from supplier to end-users.
  • An in-depth analysis of the patents that have been filed / granted for coating additives, based on important parameters, such as type of patent, patent application year, patent publication year, geography, emerging focus area, type of organization, leading industry and non-industry players (in terms of number of patents filled / granted), and individual patent assignees (in terms of size of intellectual property portfolio). 
  • A discussion on affiliated trends, key drivers and challenges, under a SWOT framework, which are likely to impact the industry’s evolution, along with a Harvey ball analysis, highlighting the relative effect of each SWOT parameter on the overall coating additives industry.
  • A detailed estimate of the current market size and the future growth potential of the coating additives market over the next decade. Based on multiple parameters, such as likely adoption trends and future growth, we have provided an informed estimate on the market evolution during the forecast period 2024-2035. The report also features the likely distribution of the current and forecasted opportunity within the coating additives industry. Further, in order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s growth.
  • Detailed projections of the current and future coating additives market across various industries served, such as automotive coating, marine coating, industrial coating and other industries. 
  • Detailed projections of the current and future market for additives for coating across various types of formulation, such as solvent based, water based, solventless coating, powder coating additives, radiation curable coating and other formulations.
  • Detailed projections of the current and future coating additives market across various types of products, such as acrylics, polymers, urethanes, metallic additives and other products.
  • Detailed projections of the current and future coating additive market across various type of functions, such as anti-foaming, biocides impact modification, rheology modification, wetting & dispersion and other functions.
  • Detailed projections of the current and future market for coating additives across various key geographical regions, such as North America, Europe, Asia, Middle East and North Africa and Rest of the World. 
  • Detailed discussions providing insights from conversations with different stakeholders involved in coating additive domain. 

Recent Developments In Coating Additives Market

Several recent developments have taken place in the coating additives industry, some of which have been outlined below. These developments substantiate the overall market trends that we have outlined in our analyses.

  • In February 2024, BASF Coatings and INEOS Automotive forged an alliance in order to facilitate the highest industry standard of paint and coating additives solutions for vehicles. The partnership aims to develop eco-friendly coating solutions including water-based coating.
  • In November 2023, Brenntag and Elementis forged a strategic alliance in order to distribute Brenntag’s coating and construction products in Mexico and Ecuador. This alliance aims to distribute additives for various functions including defoamers, leveling additives, rheology modifiers, slip, and wetting and dispersing.
  • In June 2023, Vits Technology signed an agreement with Münzing Chemie. This collaboration aims to improve development of its plants by choosing Münzing Chemie as its chemical partner. 

Author(s): Ronit Sharma, Rishav Thakur 

Frequently Asked Questions

Question 1: What are coating additives?

Answer: Coating additives are the raw material used in coating. These additives are used in small quantity for corrosion protection, stain resistance, gloss retention, UV protection and appearance of the material.

Question 2: Is there a market for coating additives? How big is the coating additives market?

Answer: The global market for coating additives is estimated to be more than USD 11 billion in 2024.

Question 3: Which are the top players in the coating additives industry?

Answer: ALTANA, Arkema, BASF, DAIKIN, Dow, ELEMENTIS, Evonik, Nouryon and Solvay.

Question 4: What factors are driving the market for coating additives?

Answer: Growing industrialization across globe, surge in growth of automotive sector, sustainability and innovation in additives.

Question 5: What is the growth rate (CAGR) in the coating additives industry?

Answer: The global coating additives market is expected to grow at a CAGR of 5.86% from 2024 to 2035.

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