Coating Additives Market Share, Size ( CAGR 4.60% ), Growth, Top Companies and Analysis Till 2027

The inflating demand for environment-friendly products is primarily driving the coating additives market across the globe.

BROOKLYN, NEW YORK, UNITED STATES, February 22, 2023 /EINPresswire.com/ -- The latest report published by IMARC Group, titled “Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global coating additives market reached a value of US$ 9.31 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.37 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027. Coating additives are substances added to coating materials in small quantities to enhance or modify specific qualities of the object during its production, storage, transportation, application, etc. They include thickeners, dispersants, pigments, defoamers, leveling agents, emulsifiers, photo-stabilizers, curing catalysts, etc. Coating additives offer optimal surface activity, vapor pressure, solubility parameters, and chemical stability to the coatings. They also provide improved durability, aesthetic appeal, and excellent resistance against corrosion. Consequently, coating additives find extensive applications across the architecture, automotive, and furniture sectors.

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Market Trends:

The inflating demand for environment-friendly products is primarily driving the coating additives market across the globe. Besides this, the growing usage of raw materials that improve the quality and effectiveness of coating formulations is further catalyzing the market growth. Moreover, the expanding requirement for multifunctional additives to augment combustion efficiency and reduce carbon footprints and emissions across industry verticals is acting as another significant growth-inducing factor. In addition to this, the shifting consumer preferences towards durable and aesthetic finishes for objects are also stimulating the global market. Furthermore, the elevating need for vehicle renovations and aesthetic automotive coatings are bolstering the market growth. In the coming years, the escalating demand for decorative paints and advanced aerospace coatings is expected to fuel the coating additives market across countries.

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Coating Additives Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the coating additives market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players 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.
• Solvay S.A.

Key Market Segmentation:

The report has segmented the global coating additives market based on type, function, formulation, application and region.

Breakup by Type:
• Acrylic
• Fluoropolymers
• Urethanes
• Metallic Additives
• Others

Breakup by Function:
• Anti-foaming
• Wetting and Dispersion
• Rheology Modification
• Biocides
• Impact Modification
• Others

Breakup by Formulation:
• Water-borne Coating
• Solvent-borne Coating
• Solventless Coating
• Others

Breakup by Application:
• Architectural
• Industrial
• Automotive
• Wood and Furniture
• Others

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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