rising trend of sustainable packaging is driving market revenue growth
The global Coating Additives Market size was USD 3.56 Billion in 2022 and is expected to reach USD 5.16 Billion by 2032, and register a rapid revenue CAGR of 4.2% during the forecast period. Rising demand for aqueous coating additives across various end-use industries, including automotive, building and construction, furniture, and packaging is a key factor driving market revenue growth. Waterborne Coatings are rising in demand due to their eco-friendliness, low Volatile Organic Compounds (VOC) emissions, and great durability.
Waterborne coatings are frequently utilized in Automotive Coatings because of superior adhesion, corrosion resistance, and flexibility. In addition, increasing need for eco-friendly and sustainable coatings is another key factor driving revenue growth of the market.
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Major Companies:
- AkzoNobel N.V.
- Arkema S.A.
- BASF SE
- Croda International Plc
- Dow Chemical Company
- Evonik Industries AG
- Lonza Group AG
- Wacker Chemie AG
- The Lubrizol Corporation
- Clariant AG
Key questions addressed in the report:
- What is the expected market size of the global Coating Additives market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Coating Additives market?
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Coating Additives Market Segmentation:
By Type Outlook:
- Defoamers
- Rheology Modifiers
- Dispersants
- Wetting Agents
- Others
By Application Outlook:
- Architectural
- Automotive
- General Industrial
- Wood
- Packaging
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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