"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Paints and Coatings Additives Market Size, Share & COVID-19 Impact Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI101810

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global paints and coatings additives market size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Paints Coatings Additives Market

Request Sample

Paints and coatings additives are used as raw materials that enhance the quality and application of paints & coatings. A small number of additives added to paints as well as coatings greatly improve their efficacy and performance. These additives offer a wide range of properties such as enhanced appearance, durability, and anti-corrosiveness to paints and coatings. The major applications of additives include surface and environmental protection, decoration, and texture enhancement.


In the current global scenario, the use of multifunctional additives is a growing trend, accounting for the beneficial properties of a single additive. For instance, Troy Corporation introduced Troysol ZLAC, a substrate wetting and flow additive that subsidizes volatile organic compounds (VOC) emissions from the substrate during and after application of paints and coatings. Additionally, the increasing use of paints and coatings in automotive, architectural, wood, industrial, aerospace, and marine applications is another market trend driving growth.


COVID-19 to Decline Paints & Coatings Adoption Owing to Suspended Production Activities


The Covid-19 pandemic has significantly affected the paints & coatings market due to the containment measures that caused the closure of automotive and industrial production activities. This has severely impacted the paints & coatings additives consumption in 2020. However, the market is expected to witness substantial growth from the construction industry owing to the do-it-yourself (DIY) sector. Various customers performed DIY projects in their house, apartment, and garden while utilizing the time during and after the lockdown. This led to increased consumption of paints and further supports the key market growth in 2020.


LATEST TRENDS


Request a Free sample to learn more about this report.


Rising Demand for Water-based Paints & Coatings from the Construction Industry to Favor Market Growth


The rising demand for water-based paints & coatings from the construction industry stands as an opportunity for the growth of additives in the market. Water-based coatings are expected to dominate the market during the forecast period. Environmental regulations have led to a drastic shift from solvent-based to water-based products for architectural and industrial applications, especially in North America and Europe. Water-based paints & coatings do not produce cleanup solvents that reduce the hazardous waste generation and minimizes the emission of VOCs during the application making it less harmful to humans and animals. Hence, its rising adoption is anticipated to provide opportunities for global paints and coatings additives market growth.


DRIVING FACTORS


Growing Demand for Additives from Paints & Coatings Industry to Aid Market Growth


Paints and coatings additives are mainly used for enhancing the paints and coatings performance and providing surface protection. The rise in the consumption of these products from the construction industry will effectively influence the growth of the market. In the construction industry, paints and coatings additives are used as thickeners, emulsifiers, dispersants, deformers, leveling agents, photo-stabilizers, and curing catalysts. They provide corrosion protection to substrates of buildings & infrastructures, increase substrate durability, and shelf life of coatings.


The production of paints & coatings is expected to be high due to its increasing application in construction, automotive, aerospace, equipment manufacturing, and consumer durables which, in turn, will lead to the increasing demand for additives. Moreover, the growing residential segment in Asia Pacific and the increasing demand for multifunctional additives in paints is expected to support market growth.


RESTRAINING FACTORS


Stringent Regulation over Solvent-Based Paints & Coatings Restricts Utilization of Additives


The stringent regulations by various governments and associations over the adoption of solvent-based paints & coatings having volatile organic compounds (VOCs) content, restrict the utilization of additives. These regulations are developed for both producers and consumers of paints & coatings. For instance, the U.S. Environmental Protection Agency (EPA) has set regulations over the use of VOCs under the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products.


The rising health awareness and inflexible policies over VOC content in different regions have forced the manufacturers to reduce the content of VOCs in paints & coatings. In addition to this, various environmental regulations have caused a high rate of the shift towards greener constructions. This will further decrease the use of solvent-based products, which will decrease the market growth.


SEGMENTATION


By Type Analysis


Rheology Control Agent to Exhibit a Significant CAGR during the Forecast Period


Based on type, the market is segmented into dispersing agent, rheology control agent, leveling agent, anti-foam agent, adhesion promoting agent, and others.


Among all these, the rheology control agent accounts for the largest market share owing to its use in adjusting thickness during paints application on the substrate, prevention sagging, facilitating painting, and prevention sedimentation. The increasing demand for rheology control agents from industrial, construction, automotive, and wood applications is expected to drive the market globally. 


Similarly, an anti-foaming agent reduces the formation of foam, and dispersing agents prevent settling or clumping, while enhancing the separation of particles. Leveling and adhesion promoting agents provide uniformity and superior adhesion during application.


The other types of paints and coatings additives include scratch-resistant, UV protector, corrosion inhibitor, curing accelerator, texturizer, preservatives, and flame retardants that offer surface protection in various applications. Hence, the increasing demand for paints and coatings additives from various applications will boost the market substantially.


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Architectural Segment is Expected to Generate the Highest Revenue


The paints and coatings additives market is segmented into automotive, architectural, wood, industrial, and others, on the basis of application.


Among all these, the architectural segment is expected to remain dominant during the forecast period. In this segment, paints are used for surface protection, corrosion inhibition, and decoration of buildings and infrastructure. The growing construction industry has led to a rise in the consumption of paints, which, in turn, is expected to lead to increased consumption of paints & coatings additives.


Paints & coatings have industrial applications in metal equipment and machinery coating, plastic coating, and paper coating. The rising demand for surface protective agents from industrial applications has led to the demand for additives. In the automotive industry, additives are added in paints & coatings for covering the parts of automobiles with the intent to provide surface protection, scratch resistance, texture enhancement, and prevention of corrosion.


REGIONAL INSIGHTS


Asia Pacific Paints and Coatings Additives Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample


Asia-Pacific accounted for the largest market size of USD 3,766.8 million in 2019 and is expected to remain the largest during the forecast period. This is attributed to the increasing paints & coatings demand from construction, automotive, furniture, and industrial applications. According to the American Coatings Association, Asia Pacific was the largest region in the production of paints & coatings, accounting for around 47% market share in 2018. The growing construction industry is a key driver for the market in this region. China, Japan, and India are the major countries contributing to the market growth in the region owing to the rising demand for paints from the construction industry in these countries.


Europe is projected to witness substantial growth in the market. The increasing demand for paints, as well as coatings, from the industrial and automotive applications, would contribute to the growth of the market in this region. Moreover, the use of paints for the decoration of buildings and infrastructure is another factor driving the market in Europe.


The market in North America is anticipated to grow at a significant CAGR. The U.S. is one of the major consumers of paints & coatings for automotive and construction applications, which will aid market growth.


In Latin America and the Middle East & Africa, the high demand for paints and coatings from architectural and industrial applications is the major factor influencing the growth of the market. These additives are widely used for surface protection from varying temperatures and environmental conditions in these regions. The rising demand for surface protective agents further will surge the market growth during the forecast period.


KEY INDUSTRY PLAYERS


Key Players to Strengthen Positions by Providing Paints & Coatings Additives Solutions to the Construction Industry


The major producers of paints and coatings additives are spread out over the globe leading to a diversified market. The producers located in North America and Europe region are aiming to increase their presence in China and other countries in Asia Pacific, to strengthen their market positions and drive the business growth of the organization. Key players in the market are focusing on developing a strong regional presence, distribution channels, and enhanced product offerings.


LIST OF KEY COMPANIES PROFILED:



  • Dow (U.S)

  • Evonik Industries AG (Germany)

  • BYK-Chemie GmbH (Germany)

  • Clariant AG (Switzerland)

  • Kyoeisha Chemical Co., LTD. (Japan)

  • Arkema S.A. (France)

  • BASF SE (Germany)

  • Lubrizol Corporation (U.S.)

  • ELEMENTIS PLC. (UK)

  • Kusumoto Chemicals, Ltd. (Japan)

  • ALLNEX NETHERLANDS B.V. (Germany)

  • Shin-Etsu Chemical Co., Ltd. (Japan)

  • Shamrock Technologies (U.S.)

  • King Industries, Inc. (U.S.)

  • Troy Corporation (U.S)

  • Solvay S.A. (Belgium)

  • San Nopco Limited (Japan)

  • keim additec surface GmbH (Germany)

  • Other Key Players


KEY INDUSTRY DEVELOPMENTS:



  • September 2020: Lubrizol developed advanced 100 % active dispersants, without water or biocide, to give formulators more flexibility in avoiding hazardous additives. These dispersants retain the protective and aesthetic benefits in a paint formulation.

  • February 2020: BYK inaugurated a production and research facility in Texas, U.S. for manufacturing high-quality GARAMITE additives and organoclays. These products are used as specialty rheological additives in a wide range of applications.


REPORT COVERAGE


An Infographic Representation of Paints Coatings Additives Market

To get information on various segments, share your queries with us



The paints and coatings additives market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading major companies, types, and applications. Also, the report offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.


Report Scope & Segmentation














































  ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million); Volume (Kilotons)



Segmentation



  Type; Application; and Geography



By Type


 




  • Dispersing Agent

  • Rheology Control Agent

  • Leveling Agent

  • Anti-foam Agent

  • Adhesion Promoting Agent

  • Others



By Application 


 




  • Automotive

  • Architectural

  • Wood

  • Industrial

  • Others



By Geography


 




  • North America

    • By Type

    • By Application

    • By Country

      • US

      • Canada





  • Europe

    • By Type

    • By Application

    • By Country

      • Germany

      • UK

      • France

      • Spain

      • Italy

      • Rest of Europe





  • Asia Pacific

    • By Type

    • By Application

    • By Country

      • China

      • India

      • Japan

      • South Korea

      • Southeast Asia

      • Rest of Asia Pacific





  • Latin America

    • By Type

    • By Application

    • By Country

      • Brazil

      • Mexico

      • Rest of South America





  • The Middle East & Africa

    • By Type

    • By Application

    • By Country

      • Saudi Arabia

      • South Africa

      • Rest of Middle East & Africa







Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 8,299.7 million in 2019 and is projected to reach USD 12,659.4 million by 2027.

In 2019, the market stood at USD 8,299.7 million.

Growing at a CAGR of 5.9%, the market will exhibit rapid growth in the forecast period (2020-2027).

The architectural segment is expected to be the leading application segment in the market during the forecast period.

The growing production and consumption of paints & coatings is the key driving factor for the market.

The Dow Chemical Company, Evonik Industries AG, BYK, and Clariant are the leading players in the market.

Asia Pacific is expected to hold the highest market share in the market.

The rising demand for water-based paints & coatings for surface decoration and protection is the key market trend leading to the growth of the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
Paints Coatings Additives Market Size, Share and Global Industry Trend Forecast till 2026
  • Nov, 2020
  • 2019
  • 2016-2018
  • 220

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X