Paints Coatings Additives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Paints Coatings Additives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Paints Coatings Additives Market
The paints coatings additives market size was valued at USD 8,299.7 million in 2019, and the market is now projected to grow from USD 12,659.4 million by 2027, exhibiting a CAGR of 5.9% during the forecast period of 2020-2027.
The COVID-19 pandemic hampered the paints coatings additives market growth as automotive and industrial production was temporarily put on hold and consumed fewer additives in 2020. Still, there are positive dynamics from DIY as individuals engaged in home and garden improvements during lockdowns have bought paints. This trend helped markets to rebound even though they were brought to their knees in many instances. The construction industry further strengthened this position, which professionally enhanced market possibilities. In conclusion, DIY activities have significantly contributed to avoiding losses due to the pandemic.
The increasing production and consumption of paints and coatings additives is contributed by the use of these additives to improve the efficiency of the paint and protect the surfaces. In the construction field, the use of additives is present in the formulation of thickeners, emulsifiers and levellers that bring enhancement in durability and corrosion resistance. The growth in production from the construction and automotive to the aerospace and manufacturing industries is helping to drive demand for additives. Another factor positioning the paints and coatings additives market is the increasing residential segment in Asia Pacific and the demand for versatile additives sacred in the paint formulation. In all, the increasing acceptance of the product in more fields of operation is a strong call for paints coatings additives market share.
Also, there is the intensification of consumption of water borne paints and coatings along with the construction industry acting as driving forces for the additives. The increased focus on the rules and standards on the use of solvents and hence the increased use of water borne products especially within the North American and European markets. Environmental benefits of waterborne coatings include minimizing hazardous waste and less emission of VOC hence safer waterborne coatings for use in humans and animals. This shift is expected to prevail over the market during the forecasting period. The acceptance of waterborne goods is having a progressive growth which will provide a substantial chance for the industry of paint and coat additive.
Comprehensive Analysis of Paints Coatings Additives Market
The paints coatings additives market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by types and by applications. The type includes, Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent and Others. The application includes, Automotive, Architectural, Wood, Industrial and Others.
Asia Pacific was the largest paints and coatings additives market with a market value of USD 3,766.8 million in 2019 and is expected to dominate the industry. The market has a strong demand from various sectors such as construction, automotive, furniture & industrial sectors in the region. Asia Pacific was identified to be the largest producer of paints in the world since it contributed to 47% of the paints produced in the year 2018. This has been boosted by the status of the construction industry most especially in developing countries where it is labelled as a preferred investment destination such as China, Japan and India.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, 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) and Other Key Players. These market players provide a level-playing competitive landscape.
In September 2020, Lubrizol introduced highly effective 100% active dispersants without water or biocide, giving formulators more choices about eliminating hazardous ingredients. These dispersants can retain the protective and aesthetic properties of a paint formulation.
Segmentation Table
Global Paints Coatings Additives Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 5.9% from 2020 to 2027
Historical Period 2016-2018
Unit Value (USD Million), Volume (Kilotons)
Segmentation By 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 & AfricaPlease Note: It will take 5-6 business days to complete the report upon order confirmation.
Table of Contents
220 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Paints and Coatings Additives Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value and Volume)
- 6.2.1.1. Dispersing Agent
- 6.2.1.2. Rheology Control Agent
- 6.2.1.3. Leveling Agent
- 6.2.1.4. Anti-foam Agent
- 6.2.1.5. Adhesion Promoting Agent
- 6.2.1.6. Others
- 6.2.2. By Application (Value and Volume)
- 6.2.2.1. Automotive
- 6.2.2.2. Architectural
- 6.2.2.3. Wood
- 6.2.2.4. Industrial
- 6.2.2.5. Others
- 6.2.3. By Region (Value and Volume)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value and Volume)
- 7.2.1.1. Dispersing Agent
- 7.2.1.2. Rheology Control Agent
- 7.2.1.3. Leveling Agent
- 7.2.1.4. Anti-foam Agent
- 7.2.1.5. Adhesion Promoting Agent
- 7.2.1.6. Others
- 7.2.2. By Application (Value and Volume)
- 7.2.2.1. Automotive
- 7.2.2.2. Architectural
- 7.2.2.3. Wood
- 7.2.2.4. Industrial
- 7.2.2.5. Others
- 7.2.3. By Country (Value and Volume)
- 7.2.3.1. U.S
- 7.2.3.2. Canada
- 8. Europe Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Value and Volume)
- 8.2.1.1. Dispersing Agent
- 8.2.1.2. Rheology Control Agent
- 8.2.1.3. Leveling Agent
- 8.2.1.4. Anti-foam Agent
- 8.2.1.5. Adhesion Promoting Agent
- 8.2.1.6. Others
- 8.2.2. By Application (Value and Volume)
- 8.2.2.1. Automotive
- 8.2.2.2. Architectural
- 8.2.2.3. Wood
- 8.2.2.4. Industrial
- 8.2.2.5. Others
- 8.2.3. By Country (Value and Volume)
- 8.2.3.1. Germany
- 8.2.3.2. UK
- 8.2.3.3. France
- 8.2.3.4. Spain
- 8.2.3.5. Italy
- 8.2.3.6. Rest of Europe
- 9. Asia-Pacific Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value and Volume)
- 9.2.1.1. Dispersing Agent
- 9.2.1.2. Rheology Control Agent
- 9.2.1.3. Leveling Agent
- 9.2.1.4. Anti-foam Agent
- 9.2.1.5. Adhesion Promoting Agent
- 9.2.1.6. Others
- 9.2.2. By Application (Value and Volume)
- 9.2.2.1. Automotive
- 9.2.2.2. Architectural
- 9.2.2.3. Wood
- 9.2.2.4. Industrial
- 9.2.2.5. Others
- 9.2.3. By Country (Value and Volume)
- 9.2.3.1. China
- 9.2.3.2. India
- 9.2.3.3. Japan
- 9.2.3.4. South Korea
- 9.2.3.5. Southeast Asia
- 9.2.3.6. Rest of Asia Pacific
- 10. Latin America Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value and Volume)
- 10.2.1.1. Dispersing Agent
- 10.2.1.2. Rheology Control Agent
- 10.2.1.3. Leveling Agent
- 10.2.1.4. Anti-foam Agent
- 10.2.1.5. Adhesion Promoting Agent
- 10.2.1.6. Others
- 10.2.2. By Application (Value and Volume)
- 10.2.2.1. Automotive
- 10.2.2.2. Architectural
- 10.2.2.3. Wood
- 10.2.2.4. Industrial
- 10.2.2.5. Others
- 10.2.3. By Country (Value and Volume)
- 10.2.3.1. Brazil
- 10.2.3.2. Mexico
- 10.2.3.3. Rest of Latin America
- 11. Middle East & Africa Paints and Coatings Additives Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Type (Value and Volume)
- 11.2.1.1. Dispersing Agent
- 11.2.1.2. Rheology Control Agent
- 11.2.1.3. Leveling Agent
- 11.2.1.4. Anti-foam Agent
- 11.2.1.5. Adhesion Promoting Agent
- 11.2.1.6. Others
- 11.2.2. By Application (Value and Volume)
- 11.2.2.1. Automotive
- 11.2.2.2. Architectural
- 11.2.2.3. Wood
- 11.2.2.4. Industrial
- 11.2.2.5. Others
- 11.2.3. By Country (Value and Volume)
- 11.2.3.1. Saudi Arabia
- 11.2.3.2. South Africa
- 11.2.3.3. Rest of Middle East & Africa
- 12. Competitive Landscape
- 12.1. Market Share Analysis, By Key Companies
- 12.2. Company Profiles
- 12.2.1. Dow
- 12.2.1.1. Overview
- 12.2.1.2. Description
- 12.2.1.3. Product Portfolio
- 12.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.1.5. Recent Developments
- 12.2.2. Evonik Industries AG
- 12.2.2.1. Overview
- 12.2.2.2. Description
- 12.2.2.3. Product Portfolio
- 12.2.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.2.5. Recent Developments
- 12.2.3. BYK-Chemie GmbH
- 12.2.3.1. Overview
- 12.2.3.2. Description
- 12.2.3.3. Product Portfolio
- 12.2.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.3.5. Recent Developments
- 12.2.4. Clariant AG
- 12.2.4.1. Overview
- 12.2.4.2. Description
- 12.2.4.3. Product Portfolio
- 12.2.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.4.5. Recent Developments
- 12.2.5. Kyoeisha Chemical Co., LTD.
- 12.2.5.1. Overview
- 12.2.5.2. Description
- 12.2.5.3. Product Portfolio
- 12.2.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5.5. Recent Developments
- 12.2.6. Arkema S.A.
- 12.2.6.1. Overview
- 12.2.6.2. Description
- 12.2.6.3. Product Portfolio
- 12.2.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.6.5. Recent Developments
- 12.2.7. BASF SE
- 12.2.7.1. Overview
- 12.2.7.2. Description
- 12.2.7.3. Product Portfolio
- 12.2.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.7.5. Recent Developments
- 12.2.8. Lubrizol Corporation
- 12.2.8.1. Overview
- 12.2.8.2. Description
- 12.2.8.3. Product Portfolio
- 12.2.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.8.5. Recent Developments
- 12.2.9. ELEMENTIS PLC.
- 12.2.9.1. Overview
- 12.2.9.2. Description
- 12.2.9.3. Product Portfolio
- 12.2.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.9.5. Recent Developments
- 12.2.10. Kusumoto Chemicals, Ltd.
- 12.2.10.1. Overview
- 12.2.10.2. Description
- 12.2.10.3. Product Portfolio
- 12.2.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.10.5. Recent Developments
- 12.2.11. ALLNEX NETHERLANDS B.V.
- 12.2.11.1. Overview
- 12.2.11.2. Description
- 12.2.11.3. Product Portfolio
- 12.2.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.11.5. Recent Developments
- 12.2.12. Shin-Etsu Chemical Co., Ltd.
- 12.2.12.1. Overview
- 12.2.12.2. Description
- 12.2.12.3. Product Portfolio
- 12.2.12.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.12.5. Recent Developments
- 12.2.13. Shamrock Technologies
- 12.2.13.1. Overview
- 12.2.13.2. Description
- 12.2.13.3. Product Portfolio
- 12.2.13.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.13.5. Recent Developments
- 12.2.14. King Industries
- 12.2.14.1. Overview
- 12.2.14.2. Description
- 12.2.14.3. Product Portfolio
- 12.2.14.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.14.5. Recent Developments
- 12.2.15. Troy Corporation
- 12.2.15.1. Overview
- 12.2.15.2. Description
- 12.2.15.3. Product Portfolio
- 12.2.15.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.15.5. Recent Developments
- 12.2.16. Solvay S.A.
- 12.2.16.1. Overview
- 12.2.16.2. Description
- 12.2.16.3. Product Portfolio
- 12.2.16.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.16.5. Recent Developments
- 12.2.17. San Nopoco Limited
- 12.2.17.1. Overview
- 12.2.17.2. Description
- 12.2.17.3. Product Portfolio
- 12.2.17.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.17.5. Recent Developments
- 12.2.18. keim additec surface GmbH
- 12.2.18.1. Overview
- 12.2.18.2. Description
- 12.2.18.3. Product Portfolio
- 12.2.18.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.18.5. Recent Developments
- 12.2.19. Other Key Players
- 12.2.19.1. Overview
- 12.2.19.2. Description
- 12.2.19.3. Product Portfolio
- 12.2.19.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.19.5. Recent Developments
- 13. Strategic Recommendations
Pricing
Currency Rates
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