Demand For Waterborne Coating Additives Is Projected To Rise At A CAGR Of 4.5% By 2031

Chemical & Materials

As per Fact.MR – a market research and competitive intelligence provider, the global coating additives market was valued at around US$ 8 Bn in 2020, and is predicted to expand at a CAGR of 5% over 2021-2031 forecast period.

Increasing adoption of smart coatings is expected to rise because of their multifunctional benefits such as anti-fouling, anti-corrosive, and anti-microbial, among others. Smart coatings provide protective and decorative properties with self-healing characteristics, thereby positively impacting demand for coating additives.

Transformation of the aerospace industry and increasing aircraft deliveries will accelerate demand for coating additives over the coming years. Multifunctional additives are pivotal advances in the coating industry. Urbanization is expanding at a rapid pace. In addition, infrastructural growth rate in various countries has increased considerably.

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Key Takeaways from Market Study

  • Global coating additives market to top US$ 11 Bn by 2031.
  • Waterborne coating additives are projected to reach around US$ 2.5 Bn by 2031.
  • Solvent-based coating additives are projected to record above 4% CAGR over next 10 years.
  • Market in Japan to record 3% CAGR over the forecast period of 2021- 2031.
  • China forecast to reach a projected market size above US$ 3 Bn by 2031.
  • Market in Canada projected to expand at above 4% CAGR over next 10 years.

Key Segments in Coating Additives Industry Research

  • Product        

    • Acrylic-based Coating Additives
    • Urethane Coating Additives
    • Metallic Coating Additives
    • Fluoropolymer Coating Additives
  • Function      

    • Rheology Modifiers
    • Dispersants
    • Foam Control
    • Slip/Rub
    • Wetting Agents
    • Others
      • Anti-Foaming Coating Additives
      • Defoaming Coating Additives
  • Formulation

    • Waterborne Coating Additives
    • Solvent-based Coating Additives
    • Powder Coating Additives
    • High Solids Coating Additives
    • UV Cure Coating Additives
    • Others
      • Radiation Curable Coatings
      • Solvent-borne Coatings
      • Solvent Less Coatings
  • Application

    • Architectural Coating Additives
    • Automotive Coating Additives
    • Wood & Furniture Coating Additives
    • Industrial Coating Additives

Competitive Landscape

Key coating additive manufacturers are developing innovative products and are expanding their geographical reach to cater to the growing demand for functional additives. Sales of anti-foaming coating additives, bio-based coatings additives, and fluoropolymer coating additives are also expected to proliferate over the coming years.

Furthermore, they are also entering into a long-term supply contracts with raw material suppliers and end-users to have a strong presence in the worldwide market. Some of the current significant developments in the market include:

  • In 2019, Ashland Inc. a specialty chemicals company, added Strodex PK-86NV specialty phosphate ester surfactant to its dynamic product portfolio for waterborne architectural coatings.
  • In 2019, BYK-Chemie GmbH (Altana), a specialty chemicals company, announced the expansion of BYK’s specialty chemicals division in Shanghai, China. This expansion enables the company to serve consumers in the fast growing Asian markets.

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