According to a new market report published by Lucintel, the future of the coating additive market looks promising with opportunities in the automotive, architecture, and industrial industries. The global coating additive market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are rapid urbanization and growing demand in automotive, furniture, and construction applications.
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In this market, different formulation types of coating additives, such as water, solvent, and powder based, are used in a wide range of industries. Lucintel forecasts that waterborne formulation will remain the largest segment due to easy application of coating, its environmental friendly characteristics, and government regulations.
Within the coating additive market, architecture will remain the largest application segment during the forecast period due to increasing number of reconstruction and renovation projects.
Asia Pacific will remain the largest region, and it is expected to witness the highest growth over the forecast period due to rapid industrialization of developing countries and growing demand in the commercial and residential construction industries for high performance coating additives.
DuPont, Sherwin-Williams, and The DOW Chemical Company, Nexeo Solutions, Univar, DKSH, Brenntag Group, and Connell Brothers are among the major coating additive manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global coating additive market by type, formulation, function, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Coating Additive Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global coating additive market by type, formulation, function, application, and region as follows:
By Type [Kilotons and $M shipment analysis for 2015 – 2026]:
Acrylics
Fluoropolymers
Urethanes
Metallic Additive
Others (Epoxy, Polyalkyds, and Amines)
By Formulation [Kilotons and $M shipment analysis for 2015 – 2026]:
By Function [Kilotons and $M shipment analysis for 2015 – 2026]
Rheology Modifiers
Dispersing & Wetting Agent
Impact Modifier
Anti-Foaming
Others (Slip & Rub, Flexibility, and Curing )
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Architectural
Automotive
Industrial
Wood & Furniture
Construction
Others (Marine, Aviation, and Paper)
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.