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Coating Additives Market: Full In-depth Analysis by Top Key Players, Regional Outlook, Latest Trend and Forecast to 2022

The coating additives market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 6.9% during the forecast period. Coating additives are added to paints to improve their quality, and performance such as to improve the dispersion of solids, wetting, foam-reduction, anti-catering, gloss control, anti-chipping, and UV protection, coating additives also help the 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 and construction industry is expected to fuel the market during the forecast period. The 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.

A new report published by Allied Market Research titled, “Coating Additives Market by Formulation, Function, Type, and End-User – Global Opportunity Analysis and Industry Forecast, 2014-2022”, projects that the world coating additives market is expected to reach $11,020 million by 2022 from $6,928 million in 2015 with the CAGR of 6.9% during 2016-2022. Architectural segment is expected to remain the highest revenue-generating segment throughout the forecast period. Asia-Pacific held the leading position in the global coating additives market in 2015, and is expected to maintain its lead throughout the study period.

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According to Eswara Prasad, Team Lead Chemicals & Materials at Allied Market Research, “the 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.”

In 2015, architectural application segment occupied the largest share and is expected to maintain its dominance throughout the forecast period. Rise in commercial and residential construction in Asia-Pacific drives the demand for coating additives for better protection of buildings. Technological advancements in coating additives formulation and processing technique is expected to drive the market during the forecast period. Increase in demand of coating additives from several end user industries also fuels the coating additives market across the globe. For example, solvent less coatings are used as premium coating in many end user industries such as automotive, architectural, industrial, and others.

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Key findings of the study

  • Coating additives in architectural application segment is expected to grow at a high CAGR of 7.3% in terms of value during the forecast period.
  • China is the leading consumer of the coating additives in the Asia-Pacific region followed by India
  • The rheology modification function is expected to expand with the highest CAGR of 7.8%, in terms of volume during the forecast period.
  • S. is the leading market for coating additives in the North American region, growing at a CAGR of 7.2% in terms of value during the forecast period.

Asia-Pacific accounted for the largest share of the world coating additives market in 2015 and is expected to maintain its leading position during the forecast period. This is attributable to increase in automotive and building and construction industry and improvement in economy in Asia-Pacific region.

The companies have adopted product launches, expansions, acquisition, investment, joint venture, and partnership to gain a competitive advantage in this market. The prominent players profiled in this report include AkzoNobel N.V., Arkema SA, Ashland Inc., BASF SE, BYK-Chemie GmbH, The DOW Chemical Company, Solvay, Evonik Industries AG, Momentive Performance Materials Inc., and Eastman Chemical Company. Other companies in this market Elementis PLC, The Lubrizol Corporation, Michelman, Inc., Croda International Plc, and Cytec Industries Inc.

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Global Coating Additives Market Research Report 2020 (Covid-19 Version)

“The Global Coating Additives Market report gives all the essential information about the market and the aspects related to it in detail. There are different marketing strategies that every marketer looks up to in order to ace the competition in the Global market. Some of the primary marketing strategies that is needed for every business to be successful are Passion, Focus, Watching the Data, Communicating the value To Your Customers, Your Understanding of Your Target Market. There is a target set in market that every marketing strategy has to reach. So basically the Global Coating Additives Market report is deep study of the present market dynamics.

This study covers following key players:
By Company
Lonza Group (U.S.)
Angus Chemical Company (U.S.)
Buckman Laboratories International (U.S.)
Cabot Corp. (U.S.)
Cytec Industries (U.S.)
Daikin Industries (Japan)
Dynea (Norway)
K-Tech (India) Limited (India)
Rhodia SA (France)
Lubrizol Corporation (U.S.)
SK Formulations India (India)
Chattem Chemicals (U.S.)
Double Bond Chemical (U.S.)
Lorama Group (Barbados)
Fuji Silysia Chemical (Japan)
ICL Advanced Additives (U.S.)
Kamin LLC (U.S.)
Kenrich Petrochemicals (U.S.)
King Industries (U.S.)
Michelman (U.S.)

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The Global Coating Additives Market is a highly competitive market with a huge number of vendors. Out of these number, there are some players that has been in this game for quite a time now and made it big for themselves. Whereas, there are many new startups as well who are coming up well. To standout in such a competitive landscape it is very important for vendors to adopt new innovative ideas or trends. To identify what makes the business stand out and to take the chance to gain advantage from these findings, SWOT analysis is used by marketers. Whereas PESTEL analysis is the study concerning Economic, Technological, legal political, social, environmental matters. For the analysis of market on the terms of research strategies, these techniques are helpful. A significant development has been recorded by the market of Coating Additives, in past few years.

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Market segment by Type, the product can be split into
By Type
Acrylics
Fluoropolymers
Urethanes
Metallic Additive
Others

Market segment by Application, split into
By Application
Architecture
Automotive
Industrial
Wood & Furniture
Others

It is also for it to grow further. Various important factors such as market trends, revenue growth patterns market shares and demand and supply are included in almost all the market research report for every industry. A systematized methodology is used to make a Report on the Global Coating Additives Market. For the analysis of market on the terms of research strategies, these techniques are helpful. All the information about the Products, manufacturers, vendors, customers and much more is covered in research reports.

The Coating Additives Market has its impact all over the globe. On global level Coating Additives industry is segmented on the basis of product type, applications, and regions. It also focusses on market dynamics, Coating Additives growth drivers, developing market segments and the market growth curve is offered based on past, present and future market data. The industry plans, news, and policies are presented at a global and regional level. For the stakeholders seeking for new investment opportunities, this research report works as a guide as it offers the in-depth study of the Global Coating Additives Market.

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Coating Additives Market Expecting Massive Growth during 2020-2027 with Key Players BASF SE, BYK-Chemie GmbH, Eastman Chemical Company

The Insight Partners published a new report, titled, “Coating Additives Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Coating Additives Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fabric care market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

Major vendors covered in this report:

  • Akzo Nobel N.V.
  • Arkema Group
  • Ashland Inc.
  • BASF SE
  • BYK-Chemie GmbH
  • Eastman Chemical Company
  • Elementis plc
  • Evonik Industries AG
  • Momentive Performance Materials Inc.
  • The Dow Chemical Company

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coating additives market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coating additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Coating additives are auxiliary chemicals that are added during the formulation of construction paints or other surface coating material. Few examples of coating additives include thickeners, wetting additives and dispersing agents. Addition of these chemical components in small quantities help in achieving specific properties which are useful in production, storage, application, or exposure of the coatings. Also, coating additives help enhance the aesthetic look of the paints by preventing sedimentation of particles in the product and by improving gloss and strength.

The coating additives market is anticipated to grow in the forecast period owing to driving factors such as thriving building and construction sector boosted by industrial expansion in the developing countries. Increase in demands for environment-friendly paints and coatings for use in rising automotive industry further fuels the coating additives market growth. However, strict environmental regulations associated with VOC emission from the product usage hamper market growth. Nonetheless, the coating additives market offers growth opportunity with advancements in radiation curable coatings and multifunctional coatings.

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