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Pulished Date February, 2020
ID: 8389
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Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Power Based), and Geography - Global Forecast from 2020 to 2025

Pulished: February, 2020
ID: 8389
Pages: 170

Coating Additives Market Overview

The market value Coating Additives Market is expected to grow by USD 7.65 Billion in 2020 and is expected to grow by USD 10.33 Billion by 2025 at the CAGR of about 6.2%.To improve the quality and performance of paints, some special solutions are known as coating additives that are added to paints. These additives are capable of providing characteristics like anti-restoration, reduction of solid dispersion, anti-chipping, reduction of wettability, improved UV protection of paint coatings, and paint control.

Market Trends:

The rheology modification function will dominate the industry for coating additives during the foreseen period. The rheology modifiers help to have a better finish of the coating surface. Aqueous formulations dominate the industry among all types of formulation. With escalating environmental regulations, the industry share of coating additives for solvent-based systems is decreasing. Call is shifting towards water and powder-based coating additives due to strict environmental regulations. Coating additives are employed to improve the features of the product. Eliminate or reduce problems that arise in the formulation of production processes for paint systems. Coating additives are employed in small amounts but have a major impact on the coating. Pigments, binders, additives and mixtures are the main elements that improve the performance of the coating, thus escalating the industry call for coating additives. The coating additives are formulated in aqueous, solvent and powder form. Aqueous coatings contain water as a liquefaction agent, thereby dissolving the elements for the coating. Such a coating is employed for closed or compact areas and does not cause harmful emissions. In solvent-based coatings, organic solvents like polyurethanes and enamels are present in the coating that act as a liquefied agent. These coatings are dangerous in nature due to harmful emissions of solvents or volatile organic compounds (VOC).

Recent Developments and Trends

  • Additive suppliers present the latest products for the paint and coating market. It is made for employment in epoxy and polyurethane coatings free of solvent.
  • BASF introduces latest goods for paint and coatings which keep building exterior good and enhance carbon footprints. BASF is introducing two latest goods in the Indian industry.

Coating Additives Market Drivers

The escalating use of urethane coating additives in construction, industrial and automotive applications is predicted to drive the worldwide industry during the foreseen period. Expansion in the construction sector, fueled by escalated infrastructure spending in emerging industries in Asia-Pacific and Latin America, is predicted to help increase call for coating additives to a significant level. Asia-Pacific is predicted to generate the highest call during the foreseen period due to escalated production of coating additives in China. Due to the vast research and development activities in North America, coupled with the growing awareness of green building and nano-coating, the worldwide industry for coating additives is predicted to increase during the foreseen period. Additionally, escalating environmental awareness and escalating government regulations focused on reducing VOC use are predicted to fuel Waterborne Coatings' expansion in the worldwide coating additive business during the foreseen period.

Restraints:

Volatility in the prices of raw materials like urethane, acrylate and silicones due to fluctuating petrochemical prices and the large gap between supply and call are predicted to pose a threat to industry players. Business in terms of price, supply of finished products and profitability. In addition, industrial discharges or solid waste from paints and coating materials interfere with local sanitary sewers, resulting in the release of pollutants into local waterways, escalating concern for environmental protection. This would further hinder the expansion of the coating additives industry during the foreseen period.

Opportunities:

The main players in the coating additive industry are focused on the development of bio-based, water-based and environmentally friendly coating additives. Escalated investment in research and development (R&D) activities to develop advanced products that comply with environmental regulations are predicted to create lucrative opportunities for players during the foreseen period.

Challenges:

Fluctuations in the prices of raw materials like acrylate, silicones and urethane due to fluctuations in petrochemical prices are a major constraint on the expansion of the worldwide industry for coating additives. In addition, concerns related to the emission of harmful volatile organic compounds (VOCs) are another factor hindering the expansion of the worldwide industry for coating additives.

Coating Additives Market Segmentation:

By formulations:

  • Solvent based
  • Water based

Solvent based formulations are predicted to account for a dominant position in the foreseen period.

Coating Additives Regional Analysis:
The Coating Additives Report includes the segmentation of Regions with their respective Countries.

  • North America Coating Additives Industry includes U.S, Canada.
  • Europe Coating Additives Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
  • Asia Pacific Coating Additives Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
  • Latin America Coating Additives Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
  • Middle East & Africa Coating Additives Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The global industry for coatings additives is experiencing strong expansion in emerging economies like Latin America and Asia-Pacific. This expansion is attributable to the increase in spending capacity, mainly in infrastructure. Also, the expansion of coating additive production units in countries like China and India is driving the expansion of the coating additive industry in the Asia Pacific. Asia-Pacific was the main region to cover the call for additives and represented the majority of the industry. India and China are the main consumers of coating additives in the Asia-Pacific area. Call is huge in these countries due to the large automobile and construction industry. The scenario for formulations is slightly different where coating additives for solvent-based systems occupied the majority in the Asia-Pacific area. Asia Pacific is also predicted to be the fastest growing industry for coating additives in the coming years.

Due to an economic crisis and declining production in Europe and North America, the expansion rate slows. However, due to the presence of large end-use industries, the region is predicted to experience lucrative expansion opportunities in the coming years. North America had the second largest industry share in the world industry for coatings additives. Aqueous formulations were the most widely employed in North America. The growing call from the aviation and maritime sector has been the main driver of the coating additives industry in this region. Europe had a lower share of the coatings additives industry due to strict environmental regulations associated with the paint and coatings industry, which led to lower industry performance.
Competitive Landscape:

Dominating makers of coating additives are creating innovative goods and expanding their geographic reach to meet the escalating call for functional additives. In addition, they also enter into long-term supply contracts with raw material suppliers and end users to have a strong presence in the worldwide industry. To acquire a substantial share of worldwide industry revenue, players are escalating investments in organic and inorganic expansion strategies.
Key Players:

Some of the significant players working in the worldwide coating additives industry are BASF, Clariant, IFC Coating, ALTANA, allnex group, AkzoNobel N.V., Arkema Group, Ashland Inc., BYK Additives & Instruments, The DOW Chemical Company, Solvay S.A., Evonik Industries AG, Momentive Performance Materials Inc., Eastman Chemical Company, Elementis PLC, The Lubrizol Corporation, Michelman, Inc., Croda International Plc, Cytec Industries Inc., Angus Chemical Company, Lonza Group, Buckman Laboratories International, Inc., Cabot Corp., Cytec Industries Inc., Daikin Industries Ltd., Dynea among others.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Function                      

                                5.1.1 Introduction           

                                5.1.2 Rheology Modifiers             

                                5.1.3 Dispersing               

                                5.1.4 Wetting Agent       

                                5.1.5 Impact Modifier    

                                5.1.6 Anti-Foaming         

                                5.1.7  Y-o-Y Growth Analysis, By Function             

                                5.1.7  Market Attractiveness Analysis, By Function           

                                5.1.8  Market Share Analysis, By Function            

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Automotive            

                                5.2.3 Architecture           

                                5.2.4 Industrial 

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

                5.3 Formulation                               

                                5.3.1 Introduction           

                                5.3.2 Water        

                                5.3.3 Solvent     

                                5.3.4 Powder Based       

                                5.3.5 Y-o-Y Growth Analysis, By Formulation       

                                5.3.6  Market Attractiveness Analysis, By Formulation    

                                5.3.7  Market Share Analysis, By Formulation     

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Function

                                                6.1.3.3 By Application

                                                6.1.3.4 By Formulation

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Function

                                                6.1.4.3 By Application

                                                6.1.4.4 By Formulation

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Function

                                                6.1.5.3 By Application

                                                6.1.5.4 By Formulation

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 BYK-Chemie GmbH                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BASF SE                        

                8.3 Arkema SA                  

                8.4 AkzoNobel N.V.                        

                8.5 Evonik Industries                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by function,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Coating Additives  Market By Region, From 2020-2025 ( USD Billion )
  2. Global Coating Additives  Market By Function, From 2020-2025 ( USD Billion )
  3. Global Rheology Modifiers Market By Region, From 2020-2025 ( USD Billion )
  4. Global Dispersing Market By Region, From 2020-2025 ( USD Billion )
  5. Global Wetting Agent Market By Region, From 2020-2025 ( USD Billion )
  6. Global Impact Modifier Market By Region, From 2020-2025 ( USD Billion )
  7. Global Anti-Foaming Market By Region, From 2020-2025 ( USD Billion )
  8. Global Coating Additives  Market By Application, From 2020-2025 ( USD Billion )
  9. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  10. Global Architecture Market By Region, From 2020-2025 ( USD Billion )
  11. Global Industrial Market By Region, From 2020-2025 ( USD Billion )
  12. Global Coating Additives  Market By Formulation, From 2020-2025 ( USD Billion )
  13. Global Water  Market By Region, From 2020-2025 ( USD Billion )
  14. Global Solvent Market By Region, From 2020-2025 ( USD Billion )
  15. Global Power Market By Region, From 2020-2025 ( USD Billion )
  16. Global Coating Additives  Market By Region, From 2020-2025 ( USD Billion )

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