Introduction

Coating additives are special type of solutions that are added to paints to improve their performance and quality. Coating additives enhances dispersion of solids, wettability, anti-catering, anti-chipping, gloss control, and UV protection functionalities of paint coatings. There various type of coating additives available in the market such as urethanes, acrylic, metallic and fluoropolymers.

Among these, acrylic coating additives continue to gain momentum. The global coating additives market is projected to surge at steady growth rate and exhibit a CAGR of 4.8% during the forecast period (2017-2022). The global market for coating additives is projected to stand a US$ 8,851.3 Mn by the end of 2022.

Coating additives are being increasingly used in painting of surfaces that are prone to external problems such as abrasion, high temperature, toxicity, decaying and biocides. Over the years, there has been a tremendous growth in the building and construction sectors, which has concurrently boosted the global sales of coating additives.

Due to the rising demand for high-quality painting materials for buildings, usage of various types of coating additives have escalated to a substantial level in the building & construction industry. Utilization of coating additives in decorative paints and advanced aerospace coatings to witness significant growth in coming years. Use of coating additives has become more frequently for painting exteriors of commercial and residential buildings.

Moreover, use of coating additives has also surged in the automotive sector, owing to their exceptional performance in maintaining the vehicle’s exterior paint work for longer durations. Meanwhile, coating additives remains a key material in manufacturing of various wood & furniture, aviation and industrial engineering products among others. On the other hand, most coating additives are consistently scrutinized by environmentalists and regulatory bodies due to growing concerns over harmful VOC effects.

Manufacturer are also paying more attention towards development of eco-friendly bio-based and water-borne coating additives, which, in turn, is expected to create more market opportunities in the near future. The aforementioned factors are expected to influence the dynamics of the global market for coating additives in the forthcoming years.