Global Paint Additives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global paint additives market in its upcoming report titled, “Global Paint Additives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global paint additives market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global paint additives market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global paint additives market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global paint additives market report has been segmented on the basis of function, formulation, application, and region.
Paints are thin coatings applied to substrate surfaces in the form of liquid. Paints are helpful to protect surface from moisture, sunlight, dust, abrasion, etc. Additives help to improve appearance & durability of coating, flow of paints & inks, and sustainability of formulations. Paint additives are used in small quantity and provide specific paint properties such as mildew resistance, defoaming, and good flow and leveling. Paint additives are used in various industries such as automotive, architecture, and wood & furniture industries for coating purpose.
Increasing demand for multifunctional additives, owing to its cost-effectiveness, ability to simplify formulation process, and ability to help aqueous solutions to maintain their performance. This is a key factor driving growth of the global paint additives market. In addition, increasing economic development in emerging countries led towards rising architectural construction and industrial activities. These are other factors expected to fuel growth of the global paint additives market over the forecast period.
However, volatility in raw material prices is a key factor restraining growth of the global paint additives market. Also, presence of local players may create stringent competition for global market players in emerging countries.
Increasing R&D activities and investment to reduce manufacturing and operation cost of paint additives is current trend driving growth of the global paint additives market. In addition, rising adoption of zero–VOC (Volatile Organic Compounds) or low–VOC products and water-based paint systems are expected to boost the global paint additives market in the near future. Increasing demand for solvent–based paint additives, owing to rising environmental regulations–which in turn expected to create numerous opportunity to drive adoption of water-based paint additives.
The market in Europe accounted for largest revenue share in the global paint additives market followed by Asia Pacific, North America, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increase in number of architectural construction activities in countries such as India and China in this region.
Global paint additives market segmentation by function:
- Rheology modification
- Wetting and dispersion
- Impact modification
Global paint additives market segmentation by formulation:
Global paint additives market segmentation by application:
- Wood and furniture
Global paint additives market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Akzo Nobel N.V.
- Arkema Inc.
- Ashland LLC
- BASF SE
- Dow Chemical Company Limited
- Air Products and Chemicals, Inc.
- BYK USA, Inc.
- Eastman Chemical Company
- Cytec Solvay Group
- Dow Corning Corporation
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