The excellent performace offered by the Coating Additives and their low environment footprint is driving the market demand.  

Coating Additive Market Size – USD 5.51 Billion in 2019, Growth - CAGR of 5.9%, Trends – Growing demand from Asia Pacific region.

The global Coating Additive Market is forecasted to reach USD 8.70 Billion by 2027, according to a new report by Reports and Data. The low VOC coating is finding applications in the developed and developing nations due to the rising environmental regulations. The growing concern regarding the impact of the volatile organic compounds on the environment has led environment agencies to force manufacturers to reduce their VOC content in their product. Thus, an increase in demand for low VOC content additives from end-users is fueling the growth of the market.

Ongoing research and development efforts and analysis of trends are enabling the research team to improve paint performance and create innovations that stand out in the marketplace. From better hiding, enhanced durability, and stain resistance to low- to no-VOC coatings with reduced environmental impact, binders and additives are increasing performance to meet and exceed end-user demands for coatings.

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Top Companies: Allnex, BASF SE, Eastman Chemical Company, Elementis PLC, Altana AG, Huntsman, DOW, OM Group, Inc., Applied Plastics Co., Inc., and Berger Paints India Limited, among others.

Further Key Finding from the Report Suggestion:

• The government regulations in the U.S. and Europe, especially those concerning air pollution, will be a driving force behind the adoption of new, low-pollution coating technologies such as radiation-cured coatings.
• However, radiation-curable coatings have other desirable properties such as the speed of cure, extremely hard, chemically resistant finishes, ambient curing, small application equipment footprint, high productivity, and nonflammability. Because of the high costs associated with their use, radiation-cured products tend to be adopted in specific applications only where they exhibit advantages over conventional coatings.
• Rheology modifiers are important additives used in most of the coating to achieve the desired rheological characteristics for the particular application. Apart from getting desired viscosity, these additives also help in controlling paint shelf stability, open time / wet edge, ease of application, and sagging.
• For the past few years, auto manufacturers are switching to paints with lower VOCs in an effort to ensure worker safety as well as reduce the environmental effects of the coatings. While the EPA regulates VOC level from the automotive manufacturing facilities and auto body shops, there are no federal standards that can consider the paint product themselves as "low-VOC".
• There are a number of non-profit organizations such as Green Seal and Greenguard, which conduct thorough evaluations and award "green labels" to manufacturers that pass their stringent guidelines.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

Coating Additive Market Key Features:

Low-VOC (volatile organic compound) coating additives are substances that are added to paint or other coatings to reduce their VOC content, making them more environmentally friendly and safer to use. Some key features of the Coating Additive market are:

1. Increasing demand: With growing concerns about air quality and environmental sustainability, there is a growing demand for low-VOC coatings and additives. This trend is expected to continue in the coming years, driven by increasingly stringent environmental regulations and consumer preferences.
2. Versatility: Coating Additives can be used in a wide range of applications, including architectural coatings, industrial coatings, automotive coatings, and others.
3. Improved performance: Low-VOC coatings and additives can offer improved performance characteristics, such as better durability, adhesion, and weatherability, compared to traditional coatings.
4. Cost-effectiveness: While low-VOC coatings and additives may be slightly more expensive than traditional coatings, they can provide long-term cost savings by reducing the need for ventilation and other safety measures and by helping to extend the life of the coated surface.
5. Regulatory environment: The Coating Additive market is subject to regulatory requirements and guidelines, which can impact product development, marketing, and sales.
6. Technology innovation: The Coating Additive market is characterized by ongoing technology innovation, as companies seek to develop new and more effective products to meet evolving customer needs and regulatory requirements.
7. Sustainability concerns: While low-VOC coatings and additives can help reduce emissions and improve indoor air quality, there are still concerns about the environmental impact of coatings and the disposal of coating materials. The industry is working to address these concerns through sustainable product development and end-of-life considerations.

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The global Coating Additive market is segmented into:

Type Outlook (Revenue, USD Billion; 2017-2027)

• Rheology modifiers
• Defoamer
• Dispersants
• Wetting agent

Technology Outlook (Revenue, USD Billion; 2017-2027)

• High-Solids
• Powder based
• Radiation Cure

Application Outlook (Revenue, USD Billion; 2017-2027)

• Automotive Coatings
• Wood Coatings
• Architectural Coatings
• Industrial Coatings
• Packaging Coatings
• Product Finishes Coatings

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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