AMR: Coating Additives Market to Reach $15 Billion by 2030

According to a new published report by Allied Market Research (AMR), “Coating Additives Market by Function, Formulation and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global coating additives market size was valued at $9 billion in 2020, and is projected to reach $15.0 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

Coating additives are added to paints to improve their quality and performance to improve dispersion of solids, wetting, foam-reduction, anti-catering, gloss control, anti-chipping, and UV protection. Coating additives also help surfaces to deal with higher temperature, abrasion, moisture, biocides, and chemical resistance.

Such coating additives properties drive the market across the globe. Increase in automotive and building & construction industries is expected to fuel the market during the forecast period. Environment regulations implemented for coating additives to reduce the VOC content to minimize environmental issues is also expected to have high impact on the coating additives market during the forecast period.

On the basis of function, the rheology modification segment dominated the global coating additives market in 2020, and is expected to maintain its dominance during the forecast period, owing to increase in usage of rheology additives as it provides film thickness, increases viscosity of finished products, and improves elastic properties of coatings.

On the basis of type, the acrylic segment dominated the global coating additives market, in terms of revenue, in 2020, owing to increase in demand for acrylic material for coating additive which drive growth of the market.

On the basis of formulation, the water-borne coating segment dominated the global coating additives market in 2020, and is expected to maintain its dominance during the forecast period

On the basis of end-use industry, the architectural segment dominated the global coating additives market in terms of revenue, in 2020, owing to economic development in emerging countries of Asia-Pacific and LAMEA has led to infrastructural growth, which results in augmented demand for coating additives in the architectural industry.
Key Findings of the Study
• On the basis of function, the rheology modification segment emerged as the global leader with more than 23% of the market share in 2020.
• On the basis of type, the acrylic segment emerged as the global leader with more than 27% of the market share in 2020.
• On the basis of formulation, the water-borne coating segment emerged as the global leader with more than 47% of the market share in 2020.
• On the basis of end-use industry, the architectural segment emerged as the global leader by acquiring more than 32% of the market share in 2020.
• On the basis of region, Asia-Pacific is the major consumer of coating additives among other regions. It accounted for around 50% of the global market share in 2020.