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The global coating additives market was valued at US$ 9.31 Billion in 2021.
We expect the global coating additives market to exhibit a CAGR of 4.60% during 2022-2027.
The rising applications of coating additives across the architecture, automotive, and furniture industries to provide improved durability, better aesthetic appeal, enhanced texture, etc., are primarily driving the global coating additives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for coating additives.
Based on the type, the global coating additives market has been segmented into acrylic, fluoropolymers, urethanes, metallic additives, and others. Currently, acrylic holds the majority of the total market share.
Based on the function, the global coating additives market can be divided into anti-foaming, wetting and dispersion, rheology modification, biocides, impact modification, and others. Among these, rheology modification currently exhibits a clear dominance in the market.
Based on the formulation, the global coating additives market has been categorized into water-borne coating, solvent-borne coating, solventless coating, and others. Currently, water-borne coating accounts for the majority of the global market share.
Based on the application, the global coating additives market can be segregated into architectural, industrial, automotive, wood and furniture, and others. Among these, architectural holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global coating additives market include Altana AG, Arkema S.A., Ashland Global, BASF SE, Clariant AG, Dow Inc., Eastman Chemical Company, Elementis plc, Evonik Industries AG, Huntsman Corporation, Momentive Performance Materials Inc., and Solvay S.A.
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