Global Coating Additives Market Poised for Remarkable Growth, Set to Reach $12.9 Billion by 2028


Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to's offering.

The global coating additives market has demonstrated substantial growth, achieving a market size of US$ 9.8 Billion in 2022. The market is projected to further expand, reaching US$ 12.9 Billion by 2028, with a notable Compound Annual Growth Rate (CAGR) of 4.4% during the period from 2023 to 2028.

Enhancing Coating Performance

Coating additives are vital substances incorporated in small quantities into coating materials to enhance or modify specific properties during manufacturing, storage, transportation, or application. They encompass a range of components such as thickeners, emulsifiers, dispersants, pigments, defoamers, leveling agents, photo-stabilizers, and curing catalysts.

These additives contribute surface activity, vapor pressure, solubility parameters, and chemical stability to coatings. They also offer improved durability, enhanced aesthetic appeal, and resistance to corrosion, enhancing the overall texture and finish of coatings. This leads to their widespread utilization across industries such as architecture, automotive, and furniture.

Market Trends

The current market trends include a growing demand for environmentally friendly products and the increasing utilization of raw materials that enhance coating formulations. Furthermore, rising awareness among individuals about the benefits of coating additives is driving market growth. The demand for multifunctional additives to enhance combustion efficiency, reduce emissions, and carbon footprints is also on the rise.

Consumers' preference for durable and aesthetically pleasing finishes is creating opportunities for end-users. Rapid urbanization and construction of residential and commercial buildings are bolstering the need for coating additives. Additionally, increased vehicle renovations and the demand for attractive automotive coatings are driving market growth. The use of coating additives in decorative paints and advanced aerospace coatings is also growing. Other growth drivers include increased research and development activities and the booming construction industry.

Market Segmentation and Key Players

The global coating additives market is segmented by type, function, formulation, and application. Key types include acrylic, fluoropolymers, urethanes, metallic additives, and others. Functions encompass anti-foaming, wetting and dispersion, rheology modification, biocides, impact modification, and more. Formulations include water-borne, solvent-borne, solventless, and others. Applications span architectural, industrial, automotive, wood and furniture, among others.

Prominent players in the industry include Altana AG, Arkema S.A., Ashland Global, BASF SE, Clariant AG, Dow Inc., Eastman Chemical Company, Elementis plc, Evonik Industries AG, Huntsman Corporation, Momentive Performance Materials Inc., and Solvay S.A.

Key Questions Addressed in the Report

The comprehensive report provides insights into various aspects of the global coating additives market, including:

  • Market size and growth projections for 2022 and 2023-2028
  • Impact of COVID-19 on the market
  • Factors driving market growth
  • Breakdown by type, function, formulation, and application
  • Profiles of major players in the industry

Key Attributes:

Report AttributeDetails
No. of Pages140
Forecast Period2022 - 2028
Estimated Market Value (USD) in 2022$9.8 Billion
Forecasted Market Value (USD) by 2028$12.9 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal

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Global Coating Additives Market