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Coating Additives Market Trends

Report ID: GMI6765
Published Date: Sep 2023
Report Format: PDF

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Coating Additives Market Trends

There is a growing emphasis on eco-friendly coatings and additives to meet stringent environmental regulations and consumer preferences. Additive manufacturers are developing products with lower volatile organic compound (VOC) content and reduced environmental impact. Industries such as automotive, aerospace, and electronics demand high-performance coatings with advanced additives for properties like scratch resistance, UV protection, and corrosion resistance.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for coating additives was valued over USD 10.6 billion in 2023 and is estimated to reach USD 17.5 billion by 2032, favored by the increasing construction activities, including residential, commercial, and infrastructure projects.

Water-based coating additives industry segment held around 40% share in 2022 and is expected to grow at a lucrative pace through 2032 due to the product’s lower volatile organic compound (VOC) content, making it compliant with stringent environmental regulations.

3. How big is the U.S. coating additives industry?

BASF SE, Evonik Industries AG, Dow, Inc., Akzo Nobel N.V., Elementis PLC, BYK Additives & Instruments, Eastman Chemical Company, Arkema Group, Lubrizol Corporation, Croda International PLC, Clariant AG, Michelman, Inc., Huntsman Corporation, Solvay S.A., Wacker Chemie AG among others.