According to ChemAnalyst report, “Global Coating Additives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global coating additives demand stood at 7.58 Million Tonnes in 2020 and is forecast to reach 11.59 Million Tonnes by 2030, growing at a healthy CAGR of 4.35% until 2030. Rise in the demand of automotive industry along with the increasing demand of other application areas such as architectural coatings, industrial goods etc. is projected to drive the demand of coating additives during the forecast period. Moreover, increasing population and subsequent urbanization is also a propelling factor supporting demand growth of coating additives during the forecast period.

Coating additives are chemicals that are added to various coatings to improve their performance and properties such as adhesion, dispersion, chemical resistance, etc. There are many types of coating additives including rheology modifiers, dispersants, wetting agents, shock absorbers, antifoams. Due to their property enhancing properties, they can be used in the automotive industry, architectural coatings, industrial products, wood and furniture. Coating additives are important ingredients in many coatings because they improve properties when added to the coating. They also help reduce the cost of coverage. Another task of the coating additive is to find an affinity for the substrate on which the coating is applied. They improve the adhesion and general appearance of the coating.

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Coating additives are chemicals that are added to coatings in a specific proportion to achieve the desired properties. The main properties associated with coating additives are adhesion, which is the general bond of the coating to the substrate, spreading, which involves the proper application of the coating to the substrate, and the proper composition of the various components of the coating throughout the resin. . matrix and finally the chemistry. durability, which is the most important property of coating additives, because the coating layer is sensitive to many external chemical agents that can wear down the coating and thus reduce the performance of the coating. These properties allow them to be used in architectural coatings, industrial products, wood and furniture.

Coating additives refer to coatings used in several sectors, including key applications namely automotive and architectural coatings, so their price is directly related to fluctuations in demand for automotive and architectural coatings. In the first half of 2020, the unexpected outbreak of the new coronavirus and the subsequent decrease in demand in the automotive industry caused a significant drop in global coating additives, resulting in low coating additives during the coronavirus pandemic. Demand has increased in recent quarters and is expected to increase due to growth in Asia Pacific and North America.

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Regionally, Asia Pacific dominates the Global coating additives market and holds the largest market share in FY20. Asia’s coating additives market is anticipated to grow in the economies like China due to increasing demand of automotive and architectural coatings.

According to ChemAnalyst report, Global Coating Additives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global coating additives market are Croda International Plc, Eastman Chemical Company, ANGUS Chemical Company, Dow, BASF SE, Huntsman International LLC., Royal Dutch Shell Plc, Formosa Plastics Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, Repsol, SABIC, Exxon Mobil Corporation. TPC Group, Zeon Corporation., Borealis AG.

“Being linked to the automotive and architecture industry, the global coating additives industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for coating additives. With new competitors emerging across the Asia Pacific coating additives market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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