Site icon Fact.MR Blog

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

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.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=4613

Key Takeaways from Market Study

Key Segments in Coating Additives Industry Research

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:

Exit mobile version