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Buildings and the construction sector are expected to drive innovation in coating additives manufacturing, propelling the market during the forecast period.

The global coating additives market is expected to grow from $8.64 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The coating additives market size is expected to grow to $12.95 billion in 2027 at a CAGR of 8.4%.

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Global Coating Additives Market Segments Include:

• By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additives, Other Types
• By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions
• By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global coating additives market in 2021.

Major Market Players in the coating additives market include Akzo Nobel NV, ANGUS Chemical Company, Arkema, Ashland Global Holdings, Inc., Momentive Performance Materials, Inc., Solvay SA, Clariant AG, Dow Chemical Co., Eastman Chemical Company, Elementis PLC.

The company’s R&D investment is a key trend that is gaining traction in the coating additives market. Companies in the coating additives market are increasing R&D investments and initiatives to develop technologically advanced products to meet global demand from various end-user industries. For example, BASF, a multinational chemical company, will invest in a new R&D centre in Japan in June 2021 for the development and production of new products. This R&D centre was established to provide the best solutions by combining global R&D expertise with local R&D flexibility.

The Coating Additives Global Market Report 2023  provides a coating additives market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The coating additives market forecast analyzes coating additives market size, coating additives market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Coating additives are a specialised group of chemically engineered materials that improve performance by modifying the rheology and anti-foaming, wetting, and dispersing properties of coating formulations. Coating additives are used to remove coating flaws like foam bubbles, poor levelling, and flocculation. They are also used to give formulations specific properties like better slip, flame retardance, UV stability, chemical resistance, and so on.

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