344 – Tables
58 – Figures
275 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1268
The market is projected to grow because of the growing infrastructural projects and urbanization, mounting demand for water-borne products, increasing needs for bio-based additives, and increasing industrial expansion in Asia Pacific region. Coating additives are specialized substances incorporated into coatings formulations to improve durability, adhesion, weather resistance, appearance, and functionality, making them a crucial tool for wide range of industries in today's world. In addition, due to the increasing population, increasing demand for corrosion protection, technological advancements and changing consumer needs, the demand for coating additives can increase due to various applications.
Defoamers segment type are projected to register the second-highest CAGR, in terms of value, of the global coating additives market during the forecast period.
The defoamers segment market is set to grow notably during the forecast period. Among coating additives, defoamers are expected to exhibit the second-highest CAGR because they help reduce blisters, spots and pinholes during coating processes. Growth of end use industries like construction and automotive industries call for better coatings which necessitate better defoaming systems. Furthermore, growing advances in the production methods of defoamer formulations as well as the improved compatibility with the relevant systems add to the attractiveness of the compound for manufacture. With increasing environmental standard and control resulting in directives of more environmentally friendly and hence waterborne coatings, need for foam management solutions enhances the growth of this segment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1268
Water-borne formulation segment is estimated to be the fastest growing formulation of coating additives market, in terms of value, during the forecast period.
Water-borne formulations are going to register the highest CAGR in the coating additives market for several reasons. Tighter environmental standards for lowering VOC emissions have also been the chief catalyst for the move towards these green solutions. Furthermore, increased understanding of the negative impact of chemical on the environment means that consumers prefer products that are water-based. Improvements have however been made in their performance and they are widely used in construction, automobile and industrial industries. In addition, the flexibility in application and clean up that comes with water-borne coatings makes them a popular choice with the customer and the end user.
Europe is estimated to be the second-largest market for the coating additives market, in terms of value, during the forecast period.
Europe is the second largest coating additives market because it is a strong manufacturing hub in offering products in car, construction and via production processes that require high quality coatings. The environmental regulation in the region is high to support sustainable development of advanced additives even for low VOC formulations. Moreover, Europe is also a Centre for research and development to helping improve performance through formulation of better chemicals. Standardization of supplies and a broad network of additive manufacturers also contribute to future market increases in market access and products. These factors acting together to make Europe second largest market for coating additives.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1268
The key players profiled in the report include BASF SE (Germany), ALTANA AG (Germany), Dow Inc. (US), Nouryon (Netherlands), Evonik Industries AG (Germany), Arkema (France), Eastman Chemical Company (US), Ashland Inc. (US), Clariant AG (Switzerland), Allnex GMBH (Germany), Elementis plc (UK), The Lubrizol Corporation (US), Momentive Performance Materials Inc. (US), and among others.
Browse Adjacent Market: Specialty Chemicals Market Research Reports & Consulting
Related Reports:
Architectural Coatings Market - Global Forecast to 2028
Paints & Coatings Market - Global Forecast to 2029
Optical Coating Market - Global Forecast to 2028
Thermal Spray Coatings Market - Global Forecast to 2028
Metal Organic Frameworks Market - Global Forecast to 2030
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/coating-additives-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/coating-additives.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
SOURCE MarketsandMarkets
Share this article