Coating Additives Market: Future Key Trends and CAGR Prediction through 2019-2027

The FactMR report offers a top-to-bottom research on the growth potential of coating additives market over the forecast period of 2018 to 2027. As per the report, the coating additives market is poised to expand at a volume CAGR of more than 3.5% over the forecast period. Skyrocketing demand from a multitude of industries, ranging from architecture to automotive, is a key factor fueling coating additives sales. According to the study, growing focus on quality is driving demand for coating additives in manufacturing processes. These insights are according to a latest FactMR study that projects a bullish run for coating additives market. According to the study, demand for coating additives is likely to reach 1.3 Mn tons by 2018-end, up from 1.2 Mn tons in 2017.

Competitive Assessment: The keyword market report includes global as well as emerging players:

• Buckman Laboratories International, Inc.
• The Chemours Company
• Chattem Chemicals
• Daikin Industries Ltd.
• Others

Acrylic Based Coating Retains its Buoyancy Owing to Performance-driven Requirements

As per the report, acrylic based coating additives will remain the top-selling product type. The popularity of acrylic based coating additive can be accredited to its competency in enhancing product properties and optimizing production processes. Urethane and fluoropolymer are the other top-selling additive types. According to the research study, demand for rheology coating additives is likely to reach 449,000 tons in 2018. With the rising demand for low-VOC or VOC-free waterborne coating systems, the rheological additives are witnessing revved up adoption. Dispersant additives trail the former as the second most preferred function type and offering prime opportunities for the market players to take into consideration.

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The waterborne coating remains the highly sought-after formulation, followed by solvent based coating and powder coating. Waterborne coatings are being increasingly sought on the back of their competency to offer great resistance to heat as well as abrasion. Moreover, architectural coatings maintain their lead as the largest application segment and the booming number of infrastructure-related projects extrapolate the same.

Coating Additives Market Remains a Consolidated Landscape

The report also indicates that innovative products such as multifunctional additives, silicone based additives, and green coating additives are expected to witness a spike in demand, giving a major boost to the overall growth of coating additives market. According to the research study, product developments and technological innovations remain the key facets boosting the bottom lines of companies operating in the market space. Moreover, moderate pricing and diverse product portfolio are anticipated to be the major factors driving the industry over the foreseeable future.

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According to the FactMR study, the coating additives market remains a consolidated landscape and portrays the reign of leading players with strong product portfolios. The tier 1 players in the coating additives market have been identified to hold approximately 45-50% revenue share and remain highly focused on go-to market strategies aimed for reaching out to the customer segments in a much more efficient manner.

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