The market size of coating additives was USD 6.39 Billion in 2015 and is projected to reach USD 9.19 Billion by 2021, registering a CAGR of 6.1% between 2016 and 2021. In this report, 2015 is considered as the base year and forecast period is between 2016 and 2021.

The objectives of this study are:

To analyze and forecast the market size of the global coating additives market, in terms of value and volume

To define, describe, and forecast the market by type, function, formulation, application, and region

To forecast the size (in terms of value and volume) of the market and submarkets by five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America

To identify significant trends and factors driving or inhibiting the market growth

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

To analyze the opportunities in the market for stakeholders by identifying the high-growth segments

To analyze competitive developments such as expansions, joint ventures, acquisitions, and new product launches in the market

To strategically profile the key players and comprehensively analyze their growth strategies

This research study involved the use of extensive secondary sources such as directories, and databases (Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the coating additives market. Primary sources that include selected experts from related industries and selected suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry�s supply chain have been interviewed to obtain and verify important information as well as to assess future prospects. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

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The value chain of coating additives include raw material manufacturers such as SABIC (Saudi Arabia), Allnex (Belgium), ExxonMobil (U.S.). Additives are manufactured by various players in the industry such as BYK-Chemie (Germany), BASF (Germany), AkzoNobel N.V. (Netherlands), Arkema (France), and Evonik Industries (Germany). The manufactured products are then used by the formulators or paint/coating manufacturers to achieve desired property for their products. Thus, the formulators develop, manufacture, and package the finished product, which is then distributed to its end-use application through logistics service providers. Some of the major paints/coatings manufacturers are DuPont (U.S.), Sherwin-Williams (U.S.), and The DOW Chemical Company (U.S.). Companies such as Nexeo Solutions (U.S.), Univar (U.S.), DKSH (Switzerland), Brenntag Group (Germany), and Connell Brothers (U.S.) have their presence and warehouses covering a wide region across the globe, which has helped them in becoming the key players in marketing and distribution of chemicals. These companies dispense their products to various automotive, construction, industrial equipment, and wood & furniture companies for end-use purpose.

The target audience for the coating additives market report is:

Coating additives manufacturers

Coating additives suppliers

Government and research organizations

Coating traders, distributors, and suppliers

Investment banks and private equity firms

Raw material suppliers

Service providers

End users such as automotive, architecture, furniture & textiles, and other industrial applications

Scope of the Report

This report categorizes the global market of coating additives based on type, formulation, function, application, and region.

Market Segmentation, by Type: The coating additives market has been segmented based on type: Acrylics

Fluoropolymers

Urethanes

Metallic Additive

Others (epoxy, polyalkyds, and amines) Market Segmentation, by Formulation: The coating additives market has been segmented based on formulation: Solvent-borne

Water-borne

Powder-based Market Segmentation, by Function: The coating additives market has been segmented based on function: Rheology Modification

Biocides Impact Modification

Anti-Foaming

Wetting & Dispersion

Others (slip & rub, flexibility, curing, and so on) Market Segmentation, by Application: The coating additives market has been segmented based on application: Architectural

Automotive

Industrial

Wood & Furniture

Others (marine, aviation, paper and so on) Market Segmentation, by Region: The coating additives market has been segmented based on region: Asia-Pacific

Europe

North America

South America

Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options (not limited to) are available for the report:

Regional Analysis

Further breakdown of a region with respect to a particular country

Country Information

Additional country information (up to 3)

Company Information

Detailed analysis and profiling of additional market players (up to five)

The global market size of coating additives was USD 6.39 Billion in 2015 and is expected to reach USD 9.19 Billion by 2021, registering a CAGR of 6.1% during forecast period. The Asia-Pacific region dominated the coating additives market in terms of both volume and value. The increasing demand from the architecture, automobile, industrial, and wood & furniture industries in China, India, and Japan is driving the coating additives market.

The major types of coating additives covered in the report are acrylics, urethanes, metallic additive, and fluoropolymers. Among the various types, acrylic additives capture major share of the market, in terms of volume, followed by urethanes, metallic additive, fluoropolymers, and others. The fluoropolymer coating additives market is expected to witness highest growth rate in comparison to other types, as they provide excellent protection against chemicals, abrasion, temperature, and corrosion among others.

Rheology modification function will dominate the coating additives market during the forecast period. Rheology modifying additives are used to impart optimal fluidity and functionality to the surface. The rheology modifiers help to have better finishing of the coating surface.

Water-borne formulations dominate the market among all the formulation types. With increasing environmental regulations, the market share of coating additives for solvent-borne system is decreasing. The demand is shifting toward the water-borne and powder-based coating additives due to stringent environmental regulations. However, solvent-borne is still being significantly used in Asia-Pacific and South America though its use has drastically reduced in Europe and North America.

Architecture is the major application of coating additives. The growing commercial and residential construction in Asia-Pacific is driving the demand for coating additives for better protection of buildings. In addition, the growing automotive sector in regions such as Asia-Pacific and South America is catalyzing the demand for high-performance coating additives.

The industrial discharges or solid waste (equipment cleaning waste, off-specification product, or emission control dust) of paints and coating materials interfere with the local sanitary sewers that lead to the discharge of pollutants into local waterways. The rising concern for the protection of environment may hamper the growth of the coating additives market. In India, The Environment Protection Act, 1986 mandates the treatment of paints and other pollutants, which exerts pressure on the manufacturers and requires them to invest in developing environmental-friendly products.

The coating additives market is mostly dominated by established chemical companies. Intense R&D is the key to capture market share. Players such as BYK-Chemie GmbH (Germany), BASF SE (Germany), Arkema SA (France), AkzoNobel N.V. (Netherlands), and Evonik Industries (Germany.) accounted for the major market share. The major players are continuously executing a number of developments such as expansions, new product launches, and contracts & agreements to strengthen their foothold in the market and capture additional market share.

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