Global Paint Additives Market, By Type (Metallic Additive, Fluoropolymers, Acrylics, Urethanes, Poly

Published Date: | Report Code : CH1958610

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Paint Additives are unique components that enhance paint functionality, efficiency, and quality. Paint additives assist to modify paint characteristics to enhance viscosity, impact resistance, flow control, anti-chipping, gloss control, foam decrease, and paint efficiency. The coating formulation is mixed with a small amount of paint additives to improve finishing and ensure the durability of the coated film.

Paints additives are used in a broad variety of sectors such as petroleum and gas, marine, aviation, cooking and household appliances, furnishings, equipment, and automotive. Using additives in the right order, at the right time, and in the right proportion in a paint can help improve the appearance, coating durability, and paint flow. Additives break bubbles that are created for implementation in the paint when the paint is blended. The use of additives is also intended to enhance the characteristics of manufacturing and storage. It also decreases the paint's drag.

The global paint additives market is growing with the increasing demand for multifunctional additives, which provide same performance level as that of individual additives. Also, With the rise in building expenditure in developing economies, the global market for paint additives is increasing. A growing number of industry members are also shifting towards the production of "green paints" which are environmentally friendly paints with zero volatile organic compounds. This trend is mainly due to a change in consumer preferences that is affected by rigorous regulatory policies. These elements are anticipated to have a positive impact on the global paint additives market. Additionally, rapid economic expansion has led in robust architectural building and industrial operations in most developing economies. This has developed a huge demand for paints. These factors are fueling the growth of the global paint additives market.

Key Factors Impacting Market Growth:

  • Growing demand from industrial and architectural sectors

  • Growing global paint and coating industry

  • Rapid economic expansion in most of the developing economies

  • Huge investments in R&D activities to reduce operation and manufacturing cost of paint additives

  • Growing inclination to green paint

  • Strict environmental regulations regarding the VOC content in paints

Regional Analysis:

On the basis of the region, the paint additives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in paint additives market during the forecast period. This demand is with regards to the growth of major end-use industries such as architectural, industrial, automotive, industrial, wood & furniture, and others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential forpaint additives market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for paint additives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Akzo Nobel NV, Arkema SA, Ashland Global Holdings Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co. Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, Daikin Industries Ltd., PPG Industries, Sherwin-Williams, RPM International Inc., Axalta, Valspar, The Behr Paint Company, Benjamin Moore & Co., Ennis-Flint, Inc., Dunn-Edwards Corporation , Quest Specialty Chemicals, Diamond Vogel Paints, Kansai Paint Co.,Ltd, BYK USA Inc., ANGUS Chemical Company, BYK Netherlands B.V., and Nippon Paint Holdings Co Ltd...

Market Segmentation:

By Type:

  • Metallic Additive

  • Fluoropolymers

  • Acrylics

  • Urethanes

  • Polyalkyds

  • Others

By Application:

  • Rheology Modification

  • Biocides Impact Modification

  • Wetting & Dispersion

  • Anti-Foaming

  • Flexibility

  • Others

By End Use:

  • Architectural

  • Industrial

  • Automotive

  • Industrial

  • Wood & Furniture

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

    • By End Use

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

    • By End Use

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

    • By End Use

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

    • By End Use

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

    • By End Use

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

    • By End Use

Reasons To Buy This Report:

  • Market size estimation of the global paint additives market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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