The global coating additives market size was 6.99 billion euros in 2018

The global coating additives market size was 6.
99 billion euros in 2018, and the compound annual growth rate from 2018 to 2023 is expected to be 6.
14%.
Currently, the Asia-Pacific region is leading the demand for coating additives, and this trend is expected to continue in the next few years.
The consumption of coating additives in the Asia-Pacific region was approximately 41% in 2018, a year-on-year increase over North America.
The main contributors to market growth in the region are fast-growing economies, including China, India and South Korea, which accounted for more than 80% of total regional consumption in the same year.
Additives are used in small amounts in solvent-based, water-based and powder coatings.
Additives account for 0.
1-5% of the formula concentration on average.
They control rheology, sliding and friction, wetting and dispersion, and foam reduction, making them an important part of the formula.
It is estimated that the water-based coatings sector accounts for about half of the total demand for coating additives.
This is because people are increasingly aware of environmentally friendly products that reduce VOC and APEO emissions, which are expected to drive the demand for water-based and powder coatings in the next five years.
Subsequently, the demand for additives is expected to increase.
Acrylic resins dominate the coating additives market.
The main types of coating additives used are acrylics, metal additives, urethanes, fluoropolymers, and include polyalkyl compounds, amides, paraffin modified, calcium sulfonate and epoxy.
Other types of resin.
Acrylic-based additives include polyacrylate, acrylamide and vinyl.
The additives with metal bases are titanium dioxide, zinc sulfide and barium sulfate.
In the category of fluoropolymers, polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF) and fluorinated ethylene propylene (FEP) are commonly used additives.
The growing construction and other manufacturing industries (such as automobiles, paints and coatings) in the Asia-Pacific region are expected to drive the development of the acrylic acid market.
The low cost of acrylic resin is also a key factor to promote the development of the Asia-Pacific market.The global coating additives market is witnessing an increase in demand from various end-use industries.
Paint additives are a group of specialized chemical engineering materials that can be used in many industries.
Due to the performance enhancements provided by these materials, their use in coating formulations is becoming more and more popular.
They impart excellent chemical properties to the formulation, including improved wettability, dispersion, rheology, UV protection, chemical resistance and high temperature stability.
They are widely used in many industrial fields under harsh conditions.
The antimicrobial properties of these additives are beneficial in many applications.
Due to their special features and lower output compared to the formula, their price is relatively high.
  Building applications dominate.
  Building is the largest application of paint additives, which can improve the quality of building structures for a long time and reduce intermittent maintenance of the structure.
  Architectural applications are a major part of the coating additives market.
Due to increased investment in infrastructure activities, the high growth of this sector is mainly driven by the fast-growing construction industry.
Therefore, as construction activities increase, so does the demand for coating additives.
Industrial applications such as offshore platforms, underground pipelines and towers are affected by the most stressful environments.
Therefore, additives are used in these applications to provide corrosion resistance, heat resistance, and moisture resistance.
Economic expansion in different regions will gradually lead to more industrial activities, which may help the coating additive market.
  On the other hand, the growing automotive industry, as well as the wood and furniture industries, provide important opportunities for paint additive manufacturers.
High-performance paint additives are used in furniture to extend its service life.
The high level of customization requirements in the automotive industry is also a key driver of the coating additive market.   Multifunctional additives for multiple applications   Currently, most end-use applications require coatings with different properties, not only during processing, but also in the final product.
In addition to having the properties required for high performance, aesthetic appearance is an important feature of all types of substrates, as additives are modified to function effectively in solvent-based, powder-based, and water-based coatings.
In addition, due to environmental regulations, paint manufacturers are emphasizing reformulation of their products, which in turn drives the demand for innovative additives.
The surge in demand for multifunctional additives is a major factor conducive to the growth of the global coating additives market.
Multifunctional additives are used in coating formulations, and the performance level is similar to that of single additives, reducing costs.