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Paints & Coatings Additives Market to Hit $12,659.4 Million by 2027; Increasing Demand for Advanced Additives across Construction Sector to Stimulate Growth

November 26, 2020 | Chemicals & Materials

The global paints & coatings additives market size is expected to gain momentum by reaching USD 12,659.4 million by 2027. This is attributable to the increasing demand for these additives in the construction sector across the globe. Fortune Business Insights, in its latest report, titled, “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.”, observes that the market stood at USD 8,299.7 million in 2019 and is projected to exhibit a CAGR of 5.9% between 2020 and 2027.


Dow Introduces DOWSIL 8016 Waterborne Resin to Address Environmental Issues


In March 2020, Dow, a leading material science company, announced the launch of new generation silicone resin emulsion, DOWSIL 8016. The waterborne resin is ideal for high-temperature waterborne coating systems and contributes to the lower emission and odor of volatile organic compounds (VOCs). In addition to this, the resin formulation offers elevated coating hardness for metal substrates and extreme temperature resistance of about 500-6000 C. Apart from this, the company launched DOWSIL 107F Additive that is an anti-foam agent that is designed to formulate for industrial applications such as wood, architectural, and metal coatings.


The major companies such as Dow are constantly working on providing effective solutions to ease the environmental pressure and adhere to the stringent government regulations that will drive the demand for advanced paints & coatings additives in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/paints-coatings-additives-market-101810


Increasing Demand from the Construction Sector to Promote Growth


The emission of VOCs from paints and solvents is leading to the formation of hazardous chemicals such as peroxyacetyl nitrate that is harming the ozone layer. Additionally, the extensive adoption of these solvents is contributing to extreme hazardous environmental conditions that are leading to high air pollution. Therefore, to mitigate the harmful effects of greenhouse gases, the manufacturers are surging the adoption of water-based solvents that will favor the demand for paints and coatings additives across the globe. The imposition of stringent government regulation is further expected to contribute to the growth of the global these additives market during the forecast period.


Prominent Companies Focus on Product Innovations to Amplify Their Market Positions


The global paints and coatings additives market is fragmented by the presence of established players such as Dow, Clariant AG, and BASF SE, among others. These companies are focusing on innovating advanced additives to cater to the rising demand from paints & coatings, construction, and automotive industries.


Industry Development:



  • September 2020 – Lubrizol announced the development of advanced 100-percent active dispersants that do not contain harmful biocides. According to the company, the dispersants aid in the retention of protective and aesthetic benefits of the paints and coatings additives formulation for several industrial applications.


List of the Companies Operating in the Global Market:



  • 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


Further Report Findings:



  • Asia-Pacific is expected to hold the highest position in the global market during the forecast period. This is attributable to the increasing demand for paint & coatings additives from the automotive, construction, and furniture industry. The region stood at USD 3,766.8 million in 2019.

  • The market in Europe is anticipated to showcase an exponential growth backed by the growing demand for advanced paints & coatings for the decoration purposes of government and residential buildings in the region between 2020 and 2027.

  • The automotive segment, based on application, held a market share of about 7.6% in 2019 and is projected to experience a significant growth in the forthcoming years. This is ascribable to factors such as the growing demand for paints & coatings additives for providing scratch resistance, surface protection, and prevention of corrosion in automotive across the globe.


Table of 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





  • Middle East & Africa

    • By Type

    • By Application

    • By Country

      • Saudi Arabia

      • South Africa

      • Rest of Middle East & Africa






Paints Coatings Additives Market
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  • 2019
  • 2016-2018
  • 220

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