Paints and Coatings Additives Market by Application and Geography - Forecast and Analysis 2022-2026

The paints and coatings additives market share is expected to increase by USD 2.87 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.68%.

This paints and coatings additives market research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers paints and coatings additives market segmentation by application (architectural, industrial, transportation, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The paints and coatings additives market report also offers information on several market vendors, including Allnex Management GmbH, Arkema S.A., Arxada AG, BASF SE, CHT Germany GmbH, Clariant International Ltd., Eastman Chemical Co., Elementis Plc, Evonik Industries AG, King Industries Inc., Kusumoto Chemicals Ltd., Lankem Ltd., LANXESS AG, Momentive Performance Materials Inc., Sanyo Chemical Industries Ltd., Shamrock Technologies Inc., Shin Etsu Chemical Co. Ltd., Solvay SA, The Dow Chemical Co., and The Lubrizol Corp. among others.

What will the Paints and Coatings Additives Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global paints and coatings additives market as a part of the global specialty chemicals market. Our Technavio Research categorizes the Global Paints and Coatings Additives Market belonging to the Commodity Chemicals Industry. Our Research Report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Paints and Coatings Additives Market: Key Drivers, Trends, and Challenges

The growing construction activities are notably driving the paints and coatings additives market growth, although factors such as regulations on high emissions of VOC may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the paints and coatings additives industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Paints and Coatings Additives Market Driver

Growing construction activities is one of the major drivers impacting the paints and coatings additives market growth. The surging global population is fueling the demand for housing and other infrastructure. The highly reflective and seamless characteristics of architectural paints and coatings enhance their preference in construction applications. They are extensively used in interior and exterior finishing applications. Architectural paints and coatings such as acrylic coatings allow for the contraction and expansion of roofs and prevent water penetration during thermal expansion and contraction. The high durability and reflectivity of acrylic coatings make them cost-effective. Architectural paints and coatings possess strong reflectivity, which helps in lowering temperatures inside buildings and reducing the energy consumption of air conditioners. China and India are among the key developing countries in APAC that are witnessing rapid growth and infrastructure development, which is anticipated to aid in driving the growth of the global paints and coatings additives market during the forecast period.

Key Paints and Coatings Additives Market Trend

The potential application of nano-structured additives is one of the key trends influencing the paints and coatings additives market growth. Established vendors invest in R&D to increase their market shares through innovations. The use of nano-structured additives in paints and coatings technologies is a relatively new concept. Nano-structured additives in paints and coatings display self-healing properties which make them more effective for longer-term sustainability in harsh conditions. Nanotechnology as a sensing technology will be very helpful for the development of safer and more durable paints and coatings. Additionally, the application of nanotechnology helps in the safer operation of various industries, including transportation and electronics, as nano-structured additives in paints and coatings have improved UV stabilization and anti-microbial properties and help in resisting higher friction and roughness in electronic components. Such factors are expected to foster the growth of the global paints and coatings additives market during the forecast period.

Key Paints and Coatings Additives Market Challenge

Regulations on high emissions of VOC are one of the major challenges impeding the paints and coatings additives market growth. VOCs are found in solvent-based paints, coatings, sealants, adhesives, organic solvents, pigments, Emulsifiers, and other petroleum products. The release of VOCs causes air pollution and smog into the environment. In January 2021, regulations were implemented for paints and coating manufacturing companies to limit the amount of VOC content released from the above-mentioned products in the US. The regulation framed by the US EPA prescribed the limits for vapor pressure and carbon atom content in chemical products, such as paints, coatings, adhesives, and sealants used in various industries. The Solvent Emissions Directive (SED) prescribes thresholds of paints and coating compounds for solvents in Europe. In the case of paints and coating additives, high solid material with a low concentration of solvent should not exceed the threshold. The threshold for paints and coating additives is five tons per year. If a factory exceeds this limit, indicating that 8,000 liters of solvent-based paints and coatings additives have been consumed, it will be fined by the European government. Thus, stringent regulations and policies are anticipated to pose challenges to paints and coatings additive manufacturers and end-users during the forecast period.

This paints and coatings additives market analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

 

Who are the Major Paints and Coatings Additives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Allnex Management GmbH
• Arkema S.A.
• Arxada AG
• BASF SE
• CHT Germany GmbH
• Clariant International Ltd.
• Eastman Chemical Co.
• Elementis Plc
• Evonik Industries AG
• King Industries Inc.
• Kusumoto Chemicals Ltd.
• Lankem Ltd.
• LANXESS AG
• Momentive Performance Materials Inc.
• Sanyo Chemical Industries Ltd.
• Shamrock Technologies Inc.
• Shin Etsu Chemical Co. Ltd.
• Solvay SA
• The Dow Chemical Co.
• The Lubrizol Corp.

 

This statistical study of the paints and coatings additives market encompasses successful business strategies deployed by the key vendors. The paints and coatings additives market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The paints and coatings additives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Paints and Coatings Additives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the paints and coatings additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Paints and Coatings Additives Market?

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45% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the paints and coatings additives market in APAC. Market growth in this region will be faster than the growth of the market in the North American regions.

An increase in focus on construction activities and rapid industrialization, especially in China and India will facilitate the paints and coatings additives market growth in APAC over the forecast period. The paints and coatings additives market in APAC is flourishing due to the rising demand from the automotive, architectural, and defense industries in India, China, Japan, Indonesia, Thailand, and Vietnam.This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely affected the growth of several industries such as architectural, transportation, marine, and military and defense industries in APAC. However, with the initiation of COVID-19 vaccination drives from Q1 2021, operations in paints and coating additives manufacturing sites gradually rebounded in H1 2021, which fueled the growth of the regional paints and coatings additives market in 2021. Additionally, the increasing investment in the construction sector is expected to increase the demand for paints and coating additives during the forecast period.

What are the Revenue-generating Application Segments in the Paints and Coatings Additives Market?

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The paints and coatings additives market share growth in the architectural segment will be significant during the forecast period. The architectural segment of the global paints and coatings additives market witnessed significant growth in 2021, owing to the increasing construction activities, particularly in developing countries such as India, China, Brazil, and Thailand. Additionally, the increasing demand of consumers for low VOC and low-odor formulations for paints and coating additives is fostering the growth of the paints and coatings additives market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the paints and coatings additives market size and actionable market insights on post COVID-19 impact on each segment.

 

Paints and Coatings Additives Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.68%
Market growth 2022-2026	$ 2.87 billion
Market structure	Fragmented
YoY growth (%)	4.88
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 45%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Allnex Management GmbH, Arkema S.A., Arxada AG, BASF SE, CHT Germany GmbH, Clariant International Ltd., Eastman Chemical Co., Elementis Plc, Evonik Industries AG, King Industries Inc., Kusumoto Chemicals Ltd., Lankem Ltd., LANXESS AG, Momentive Performance Materials Inc., Sanyo Chemical Industries Ltd., Shamrock Technologies Inc., Shin Etsu Chemical Co. Ltd., Solvay SA, The Dow Chemical Co., and The Lubrizol Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Paints and Coatings Additives Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive paints and coatings additives market growth during the next five years
• Precise estimation of the paints and coatings additives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the paints and coatings additives industry across APAC, North America, Europe, South America, the Middle East, and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of paints and coatings additives market vendors

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