USD 10.1 billion
Coating Additives Market Size, Share, and Growth Analysis
Coating Additives Market By Type (Defoamers, Wetting & Dispersing Agents), By Coating Additives Market, By Formulation (Water-Borne, Solvent-Borne), By Coating Additives Market, By Application (Architectural, Industrial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2207 |
Region:
Global |
Published Date: April, 2025
Pages:
184
|Tables:
88
|Figures:
76
Format -
Coating Additives Market Insights
Coating Additives Market size was valued at USD 10.1 billion in 2023 and is poised to grow from USD 10.67 billion in 2024 to USD 16.49 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
The global coating additives market is anticipated to experience significant growth as there is a shifting focus from solvent-based additives to aqueous additives. The demand for coating additives is expected to be driven by various application markets, including automotive, construction, furniture, and other industrial sectors, over the next six years. Additionally, the increasing importance of multifunctional additives is expected to complement the market growth. The industry faces intense competition among market participants and is subject to growing environmental regulations. To address these challenges, companies are actively engaged in developing higher quality additives using new technologies and raw material sources. Moreover, participants in the market are leveraging research and development efforts to create superior and environmentally friendly products that comply with regulations. However, market participants may encounter challenges related to pricing, end-product supply, and profitability due to volatility in raw material prices such as urethane, acrylate, and silicones, which are influenced by fluctuating petrochemical prices and supply-demand imbalances. The global construction industry's growth, particularly in emerging markets of the Asia Pacific and Latin America, is being propelled by increased infrastructure spending.
Coating additives play a crucial role in enhancing the impact resistance, viscosity, and surface effectiveness of construction paints. Consequently, the construction industry's expansion is expected to drive the demand for paints and coatings, subsequently fueling the demand for coating additives. Furthermore, the growth of the automotive sector, driven by increasing vehicle demand in emerging markets, is anticipated to further contribute to the demand for coating additives. In the Asia Pacific region, the use of urethane-based additives in construction, industrial, and automotive applications is projected to drive demand. Additionally, increased production in China is expected to benefit the Asia Pacific market. However, the coating additives market in North America and Europe is predicted to witness moderate growth over the next six years, primarily due to the economic crisis and sluggish growth in major end-use industries within these regions.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Acrylics
Fastest Growth
Acrylics
Growth Rate
5.6% CAGR
Global Coating Additives Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Coating Additives Market Segments Analysis
Global Coating Additives Market is segmented by Type, Coating Additives Market, By Formulation, Coating Additives Market, By Application and region. Based on Type, the market is segmented into Defoamers, Wetting & Dispersing Agents, Rheology Modifiers and Other Types. Based on Coating Additives Market, By Formulation, the market is segmented into Water-Borne, Solvent-Borne and Other Formulations. Based on Coating Additives Market, By Application, the market is segmented into Architectural, Industrial, Automotive & Transportation, Wood & Furniture and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Coating Additives Market Analysis by Type
By type, the market can be segmented into acrylics, fluoropolymers, and urethanes. The acrylics segment dominates the coating additives market due to its widespread use in various applications. The growing construction and automotive sectors, particularly in developing regions, contribute to the dominance of acrylic-based coating additives. Additionally, the demand for eco-friendly and water-based coatings has further boosted the use of acrylic additives.
The fluoropolymers segment is expected to witness fastest growth during the forecast period. Factors contributing to its rapid growth include increasing demand for high-performance coatings in industries such as oil and gas, chemical processing, and medical devices. Additionally, advancements in fluoropolymer technologies, such as water-based and solvent-free formulations, are likely to drive further growth.
Coating Additives Market Analysis by End-User
By end-user, the market can be segmented into automotive, and industrial. The automotive sector dominated the coating additives market due to the large-scale production of vehicles worldwide. The increasing demand for automobiles, especially in emerging economies, drives the dominance of the automotive segment. Additionally, stringent regulations and standards related to emissions, safety, and environmental concerns have led to the adoption of advanced coating technologies, thereby increasing the demand for coating additives in this sector.
The industrial segment is expected to witness substantial growth in the foreseeable future. Factors contributing to its rapid growth include the expanding construction industry, growing industrialization in emerging economies, and the demand for coatings with specialized properties such as high heat resistance, chemical resistance, and anti-corrosion properties. Moreover, the development of eco-friendly coatings and the increasing emphasis on sustainability in industrial processes are expected to drive the growth of coating additives in the industrial sector.
Coating Additives Market Analysis by Formulation
Waterborne coatings are highly regarded for their eco-friendly attributes, notably their minimal Volatile Organic Compound (VOC) content in comparison to solvent-borne coatings. The utilization of water-borne coating additives is prevalent in sectors where environmental concerns and the imperative of low VOC emissions take precedence. These sectors encompass architectural, automotive & transportation, wood & furniture, and packaging coatings. This segment presents a substantial market opportunity for manufacturers who seek to invest in a potentially expanding market. Notably, the increasing awareness among consumers regarding the use of hazardous chemicals in paints has been a driving force behind the burgeoning demand for water-borne coating additives, making it an appealing and responsive market.
Global Coating Additives Market By Type
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Coating Additives Market Regional Insights
The Asia Pacific region dominated the global coating additives market. The region has been experiencing rapid industrialization and urbanization, particularly in emerging markets such as China and India. This growth is supported by increasing infrastructure spending, which drives the demand for construction paints and coatings. The automotive sector in APAC is also witnessing substantial growth due to rising vehicle demand. As a result, there is a high demand for coating additives in this region, with a particular focus on urethane-based additives in construction, industrial, and automotive applications.
The North American region is expected to witness moderate growth over the forecast period. The economic crisis in the region has resulted in a slow growth rate in major end-use industries, thereby impacting the demand for coating additives. However, despite these challenges, North America remains a significant market for coating additives due to its well-established industries and technological advancements. Several key players operate in this region, contributing to the competitive landscape of the market.
Global Coating Additives Market By Region
- Largest
- Fastest
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Coating Additives Market Dynamics
Coating Additives Market Drivers
Increasing demand from various application sectors
- One key driver for the growth of the coating additives market is the increasing demand from various application sectors such as automotive, construction, furniture, and other industrial applications. This demand is fueled by the need to enhance the impact resistance, viscosity, and surface effectiveness of substrates in these industries. Additionally, the shift in focus from solvent-based additives to aqueous additives, driven by environmental regulations and the growing importance of multifunctional additives, further propels the market's growth.
Coating Additives Market Restraints
Volatility in raw material prices
- A significant restraint for the coating additives market is the volatility in raw material prices, particularly urethane, acrylate, and silicones. Fluctuating petrochemical prices and supply-demand imbalances pose challenges for market participants in terms of pricing, end-product supply, and profitability. The unpredictable nature of these raw material prices hinders the planning and cost-effectiveness of coating additive manufacturers. Additionally, the supply chain disruptions caused by these price fluctuations can impact the overall availability of coating additives, creating difficulties for both manufacturers and end-users in maintaining a stable supply.
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Coating Additives Market Competitive Landscape
Global coating additives market is characterized by a high degree of competition among market participants. Companies in the market are actively involved in developing higher quality additives through the adoption of new technologies and sourcing raw materials from diverse sources. The focus is on meeting the growing demand for environmentally friendly and compliant products, as well as addressing the evolving needs of various application industries. This competitive environment drives innovation and fosters continuous research and development efforts to stay ahead in the market.
Top Players in Coating Additives Market
- Arkema (France)
- BASF SE (Germany)
- King Industries Inc. (US)
- Eastman Chemical Company (US)
- Dow Chemical Company (US)
- Evonik Industries AG (Germany)
- AkzoNobel N.V. (Netherlands)
- BYK-Chemie GmbH (Germany)
- Elementis PLC (UK)
- Clariant AG (Switzerland)
- Croda International PLC (UK)
- Wacker Chemie AG (Germany)
- PPG Industries, Inc. (US)
- Michelman, Inc. (US)
- Huntsman Corporation (US)
- Cabot Corporation (US)
- Siltech Corporation (Canada)
- Lonza Group Ltd. (Switzerland)
- Innospec Inc. (US)
Coating Additives Market Recent Developments
- In April 2023, Nippon Paint Holdings and BASF formed a strategic partnership to develop and commercialize advanced coating technologies for automotive applications.
- In March 2023, DSM acquired Chemtura's coating additives business, strengthening its position in the market and expanding its product portfolio.
- In January 2023, Axalta announced the opening of a new coatings manufacturing facility in China, catering to the growing demand for automotive and industrial coatings in the region.
- In November 2022, Arkema launched a new range of bio-based rheology additives for waterborne coatings, offering sustainable and high-performance solutions to customers.
- In August 2022, LANXESS acquired the biocide business of International Flavors & Fragrances (IFF), expanding its portfolio of additives used in coatings and personal care products.
Coating Additives Key Market Trends
- One key market trend in the coating additives industry is the growing emphasis on sustainable and eco-friendly products. With increasing environmental regulations and consumer awareness, there is a shift towards the development and adoption of coating additives that are bio-based, renewable, and have lower environmental impact. Market players are investing in research and development to create innovative and sustainable additives that provide comparable or enhanced performance compared to conventional additives. This trend aligns with the global focus on sustainability and offers opportunities for market participants to cater to the evolving preferences of customers.
Coating Additives Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global coating additives market analysis, the market is expected to witness robust growth driven by factors such as a shift towards aqueous additives, increasing demand from application markets like automotive, construction, and furniture, and the growing importance of multifunctional additives. However, the market also faces challenges such as intense competition among participants and fluctuating prices of raw materials. Companies are actively engaged in developing higher quality additives through new technologies and raw material sources, with a focus on meeting environmental regulations. The construction industry's growth and rising automotive production in emerging markets further drive the demand for coating additives. The Asia Pacific region is anticipated to dominate the market, supported by infrastructure spending and increasing usage of urethane-based additives. Meanwhile, North America is expected to witness moderate growth due to economic crises and slow growth in key industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.1 billion |
| Market size value in 2032 | USD 16.49 billion |
| Growth Rate | 5.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coating Additives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coating Additives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coating Additives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coating Additives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coating Additives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coating Additives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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