The global coating additives market is valued to be US$ 9.3 billion in 2023 and it is anticipated to grow at a CAGR of 5.0% to reach US$ 15.1 billion by the end of 2033.
Wide-ranging advantages of coating additives such as foam control, wetting agents, and dispersion properties are expected to witness healthy growth during the forecast period and the rising coatings market has an impact on the demand for coating additives.
The detailed research report on the global Coating Additives Market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
The Coating Additives Market study outlines the key regions – North America, Latin America, Europe and East Asia – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Eastman Chemical Company, Arkema SA, ANGUS Chemical Company and BASF SE.
Key Coating Additives Market Survey Highlights and Projections
- Fact.MR analysis provides Coating Additives Market demand-supply assessment, revealing Coating Additives Market sales to grow from US$ 9.3 Billion in 2023 to US$ 15.1 in 2033
- The report provides sales outlook on Keyword, opining Coating Additives Market revenues to register a CAGR of 5.0% during 2023-2033
- Coating Additives Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Coating Additives Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
- Japan and South Korea Coating Additives Marketdemand likely to grow at a steady clip during 2023-2033
What are the Factors Driving Coating Additives Demand Across the US?
The growing coating additives industry in the US plays a significant role in the growth of the US economy. The top coating additives producers, suppliers, raw material providers, and distributors are all part of the U.S. coatings industry. There are about 1,000 companies in the sector, and they operate in close to 1,300 locations.
Urban areas such as Chicago, Northern New Jersey, California, Florida, and Washington State are home to coating industry facilities. More than half of the paint sold in the US is shipped in the form of architectural coatings, and 90% of all architectural coatings sold there are water-based.
The United States economy greatly benefits from the construction sector. The US economy is dependent on a vast network of infrastructure, including, bridges, ports, electrical grids, and others. The nation’s market for coating additives is primarily being propelled by expanding investment in the residential construction sector and rising demand for remodeling aging structures.
Eminent Players Key Stratagems
The companies are predominantly focusing on research and development activities to have a distinctive product portfolio and cater to diverse applications. The company also develops new products for niche applications to keep a strong tap in the market.
Manufacturers are inclined towards adopting sustainable manufacturing processes to follow strict guidelines. Further, the development of standard product meeting end-use requirements augments coating additives’ growth. The producer ties up with the raw material supplier and provides global customers with professional, and stable quality. The primary focus of the company is to accelerate innovation across the product portfolio. Also, the manufacturers strategize long-term growth through acquisitions and divestitures.
What insights does the Coating Additives Market report provide to the readers?
- Coating Additives Market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Coating Additives Market player.
- Various regulations imposed by the governments on the consumption of Coating Additives Market in detail.
