HOME Top Market Reports Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Powder Based), & Types – Global Trends & Forecast to 2018

Coating Additives Market by Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming), Application (Automotive, Architecture, Industrial), Formulation (Water, Solvent, Powder Based), & Types – Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: October 2013
Report Code: CH 2144

 

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Coating additives are special additives that are added to the paint and/or coating to enhance its performance and quality. The main function of the products available in coating additives market is to modify the properties of the coating such as viscosity, gloss, impact resistance, foam, etc. to enhance the effectiveness of the coatings. Coating, in general, can be classified in to two types i.e. paint and powder coating. Paints are applied on the substrate using brush or rollers to form a thin film that is used for decorative or protective purpose. While in powder coating, the powder is sprayed on the substrate, which is attracted towards the surface due to electrostatic charge that holds it in its place. The surface is then heated in an oven to form a continuous layer of a polymer coating on the substrate. In order to ensure the durability of the coated film on the substrate and to give a better finish to it, additives are added in small amounts to the coating formulation to provide a noteworthy effect on the substrate.

The role of coating additives starts right from the formulation of the coating. Its plays a very important role in the entire value chain of the coating. The value chain of coating additives market involves a group of interdependent activities performed by various industries. This consists of raw material suppliers, coating additive manufacturers, formulators, and end-user applications, with logistics and supply chain management linking all of them into one group. The feedstock suppliers are the companies which supplies raw materials such as urethanes, fluoropolymers, acrylates, or silicones. The additive manufacturers include companies such as BYK-Chemie (Germany), BASF (Germany), Akzonobel (The Netherlands), Arkema (France), and Eastman (U.S.) among several others. These additives are actually used during the formulation of coatings by formulators such as Sherwin-Williams (U.S.), Valspar (U.S.), PPG (U.S.), etc. The end-use industry for additives includes automotive, wood & furniture, architecture, etc.

It has been observed that the focus of the additives industry is moving towards the development of additives, which not just enhances the performance, but also works mutually with both the customers and suppliers to build an additive that complies with global and regional environmental standards. This practice will provide the customers a value for their money, since more players are now competing amongst themselves for the traditionally used raw materials. This gives more importance for the development of an additive that is based on new technology and raw material. Additionally, it has caused a shift from solvent to aqueous base. But, it requires more additive loading to achieve the same performance. An answer to this problem is believed to be a multifunctional additive that serves the application of various additives. Since it will decrease overall additive content, while comply with the environmental regulations. Hence, such additives represent a good opportunity for the companies that are developing new additives, since these additives open a new market and are expected to have a high impact on the coating additives industry in the near future.

It has been expected that the global coating additives market is expected to grow at a CAGR of 5.0%, over the next five years to reach 1,946.5 KT by 2018. Asia-Pacific, with its thriving economies and rapidly expanding population, is expected to experience the highest consumption from 2013 to 2018.

Scope of the report

  • On the basis of region:
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • India
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • South America
      • Brazil
      • Argentina
    • Rest of the World
      • Saudi Arabia
      • U.A.E
      • Qatar
  • On the basis of application:
    • Automotive
    • Architecture
    • Industrial
    • Wood & Furniture
  • On the basis of type:
    • Acrylic
    • Urethane
    • Fluoropolymers
    • Metallic
  • On the basis of function:
    • Rheology modification
    • Biocidic
    • Wetting & Dispersing
    • Anti-foaming
    • Impact modification
  • On the basis of formulation:
    • Water-borne
    • Solvent-borne
    • Powder coating

Table Of Contents
 
1 Introduction (Page No. -21)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Stake Holders
  1.4 Research Methodology
      1.4.1 Market Size
      1.4.2 Key Data Points Taken From Secondary Sources
      1.4.3 Key Data Points Taken From Primary Sources
      1.4.4 Assumptions Made For This Report
      1.4.5 Major Secondary Sources Used
  1.5 Key Questions Answered

2 Executive Summary (Page No. -26)

3 Premium Insights (Page No. -28)
  3.1 Architecture Application Leading the Market
      3.1.1 Coatings Additives Market: Driven By Asia-Pacific
      3.1.2 U.S.: The Largest Coating Additives Market In 2012
      3.1.3 Asia-Pacific: Best Market to Invest In
      3.1.4 Strategic Analysis: Major Players

4 Market Overview (Page No. -33)
  4.1 Introduction
  4.2 Value Chain Analysis
      4.2.1 Raw Material Suppliers
      4.2.2 Manufacturers
      4.2.3 Formulators
      4.2.4 Distributors
      4.2.5 End-Use Application of Coatings Additives
  4.3 Market Dynamics
      4.3.1 Drivers
            4.3.1.1 Asia-Pacific Driving the Growth
            4.3.1.2 Increasing Demand for Environment-Friendly Products
      4.3.2 Restraints
            4.3.2.1 Restraints Faced By the Paint and Coating Industries
            4.3.2.2 Stringent Environmental Regulations
      4.3.3 Opportunity
            4.3.3.1 Development of Multifunctional and Environment-Friendly Additives
  4.4 Burning Issues
  4.5 Winning Imperatives
  4.6 Porter’s Five Force Analysis
      4.6.1 Suppliers’ Power
      4.6.2 Threat of Substitutes
      4.6.3 Threat of New Entrants
      4.6.4 Buyers’ Power
      4.6.5 Degree of Competition
  4.7 Market Share Analysis

5 Global Market, By Geography (Page No. -53)
  5.1 Introduction
  5.2 Global Coatings Additives Market
      5.2.1 Asia-Pacific to Lead This Global Market
      5.2.2 Asia-Pacific
            5.2.2.1 China: The Largest Market for The Additives
            5.2.2.2 Acrylic-Based Additives in Demand
            5.2.2.3 Maximum Market Size for Architectural Application
            5.2.2.4 Tough Competition Between Biocidic And Wetting & Dispersing Function Markets
            5.2.2.5 Solvent-Borne Formulation: Still Dominating the Market
      5.2.3 North America
            5.2.3.1 U.S.: Largest Market for These Additives
            5.2.3.2 Competitive Market Size for Fluoropolymer Coatings Additives
            5.2.3.3 Slow Growth in Architecture Application
            5.2.3.4 Rheology Modification: High Volume and Value
            5.2.3.5 Additives for Water-Borne Formulations: Would Be Top Gainer
      5.2.4 Europe
            5.2.4.1 Germany: Major Market in The Region
            5.2.4.2 Large Base for Acrylic-Based Coatings Additives
            5.2.4.3 Architecture Sector: Slow Growth Anticipated For Additives
            5.2.4.4 Wetting & Dispersing: Above Average Growth Rate
            5.2.4.5 Opportunity for Water-Borne and Powder Coatings Additives
      5.2.5 South America
            5.2.5.1 Brazil: Principal Consumer for Coatings Additives
            5.2.5.2 Competitive Market for Most of The Additives Types
            5.2.5.3 Wood & Furniture: Among the Fastest Growing Applications
            5.2.5.4 Anti-Foaming: Among Fastest Expanding Markets
            5.2.5.5 Growing Concern for Environment-Friendly Products
      5.2.6 Rest of World
            5.2.6.1 Saudi Arabia: Maximum Share in The Additives Market
            5.2.6.2 Acrylic-Based Additives: Largest Market in The Region
            5.2.6.3 Architecture Application Booming
            5.2.6.4 Growing Market Size for Rheology Modification
            5.2.6.5 More Focus On Voc-Free Coatings Additives Market
 
6 Global Market, By Application (Page No. -113)
  6.1 Introduction
  6.2 Architecture: Largest Sector for The Application Of These Additives
      6.2.1 Coating Additives Market, By Application
            6.2.1.1 Architecture: Largest Application for Coatings Additives
            6.2.1.2 Industrial Application: Europe Struggling From Recession After-Effects
            6.2.1.3 Wood & Furniture: Industry with Stable Demand for Coating Additives
            6.2.1.4 Automotives: High Degree of Customization
            6.2.1.5 Others: Significant Growth

7 Global Coatings Additives Market, By Function (Page No. -130)
  7.1 Introduction
  7.2 Rheology Modification: Most Important Function of Coatings Additives
      7.2.1 Global Coating Additives Market, By Function
            7.2.1.1 Asia-Pacific: Largest Market for Rheology Modifiers
            7.2.1.2 Biocidic: Stable Growth Witnessed
            7.2.1.3 Wetting & Dispersing: Market Size Among The Fastest Growing
            7.2.1.4 Anti-Foaming Additives: Stable Growth to Be Expected
            7.2.1.5 Impact Modification: Highest Growth; Small Market Share
            7.2.1.6 Others: Significant Share in The Coating Additives Market

8 Global Market, By Formulation (Page No. -147)
  8.1 Introduction
      8.1.1 Coating Additives for Water-Borne System To Dominate Industry In The Coming Years
      8.1.2 Coating Additives Market, By Formulation
            8.1.2.1 Asia-Pacific: Largest Market for Coating Additives for Solvent-Borne System
            8.1.2.2 Additives for Water-Borne Coatings: Stable Growth in Demand
            8.1.2.3 Strongest Growth in Additives for Powder Coating

9 Global Coatings Additives Market, By Type (Page No. -158)
  9.1 Introduction
      9.1.1 Acrylic Coating Additives Lead the Market
      9.1.2 Fluoropolymer Coating Additives: Fastest Growth Expected
  9.2 Acrylic Coatings Additives
  9.3 Urethane Coating Additives
  9.4 Fluoropolymers Coatings Additives
  9.5 Metallic Coatings Additives
  9.6 Other Coatings Additives

10 Competitive Landscape (Page No. -173)
   10.1 Introduction
        10.1.1 New Product Launch: Most Preferred Strategy By Players

11 Company Profiles (Overview, Financial*, Products & Services, Strategy, And Developments) (Page No. -188)
   11.1 Asahi Glass Co. Ltd.
   11.2 Akzonobel N.V.
   11.3 Arkema SA
   11.4 Ashland Inc.
   11.5 BASF SE
   11.6 BYK-Chemie GMBH
   11.7 Cabot Corp.
   11.8 Cytec Industries Inc.
   11.9 Daikin Industries Ltd.
   11.10 The Dow Chemical Company
   11.11 Dynea AS
   11.12 Eastman Chemical Company
   11.13 Elementis PLC
   11.14 Evonik Industries AG
   11.15 K-Tech (India) Limited
   11.16 Rhodia SA
   11.17 The Lubrizol Corporation
   11.18 Momentive Specialty Chemicals Inc.

*Details on Financials Might Not Be Captured In Case Of Unlisted Companies.


List Of Tables  (136 Tables) 
 
Table 1 Key Manufacturers Of Coating Additives
Table 2 Significant Raw Materials & Their Uses
Table 3 Organic Growth Strategies of Major Players of Coatings Additives
Table 4 Market Share of Major Coating Additives Manufacturers, 2012
Table 5 Coating Additives Market Demand, By Geography,2011 – 2018 (Kilotons)
Table 6 Coating Additives Market Revenue, By Geography,2011 – 2018 ($Million)
Table 7 Asia-Pacific Coatings Additives Market Demand, By Country, 2011 – 2018 (Kilotons)
Table 8 Asia-Pacific Market Revenue, By Country, 2011 – 2018 ($Million)
Table 9 Asia-Pacific Market Demand, By Type,2011 – 2018 (Kilotons)
Table 10 Asia-Pacific Market Revenue, By Type,2011 – 2018 ($Million)
Table 11 Asia-Pacific Market Demand, By Application, 2011 – 2018 (Kilotons)
Table 12 Asia-Pacific Market Revenue, By Application, 2011–2018 ($Million)
Table 13 Asia-Pacific Market Demand, By Function, 2011 – 2018 (Kilotons)
Table 14 Asia-Pacific Market Revenue, By Function, 2011–2018 ($Million)
Table 15 Asia-Pacific Market Demand, By Formulation, 2011 – 2018 (Kilotons)
Table 16 Asia-Pacific Market Revenue, By Formulation, 2011 – 2013 ($Million)
Table 17 North American Coating Additives Market Demand, By Country, 2011 – 2018 (Kilotons)
Table 18 North American Market Revenue, By Country, 2011 – 2018 ($Million)
Table 19 North American Market Demand, By Type, 2011 – 2018 (Kilotons)
Table 20 North American Market Revenue, By Type,  2011 – 2018 ($Million)
Table 21 North American Market Demand, By Application, 2011–2018 (Kilotons)
Table 22 North American Market Revenue, By Application, 2011 – 2018 ($Million)
Table 23 North American Market Demand, By Function, 2011 – 2018 (Kilotons)
Table 24 North American Market Revenue, By Function, 2011 – 2018 ($Million)
Table 25 North American Market Demand, By Formulation, 2011 – 2018 (Kilotons)
Table 26 North American Market Revenue, By Formulation, 2011 – 2018 ($Million)
Table 27 European Coating Additives Market Demand, By Country,2011 – 2018 (Kilotons)
Table 28 European Market Revenue, By Country, 2011 – 2018 ($Million)
Table 29 European Market Demand, By Type,2011 – 2018 (Kilotons)
Table 30 European Market Revenue, By Type,2011 – 2018 ($Million)
Table 31 European Market Demand, By Application, 2011 – 2018 (Kilotons)
Table 32 European Market Revenue, By Application, 2011–2018 ($Million)
Table 33 European Market Demand, By Function, 2011 – 2018 (Kilotons)
Table 34 European Market Revenue, By Function, 2011 – 2018 ($Million)
Table 35 European Market Demand, By Formulation, 2011 – 2018 (Kilotons)
Table 36 European Market Revenue, By Formulation, 2011 – 2018 ($Million)
Table 37 South American Coating Additives Market Demand, By Country, 2011 – 2018 (Kilotons)
Table 38 South American Market Revenue, By Country, 2011 – 2018 ($Million)
Table 39 South American Market Demand, By Type, 2011 – 2018 (Kilotons)
Table 40 South American Market Revenue, By Type, 2011 – 2018 ($Million)
Table 41 South American Market Demand, By Application, 2011 – 2018 (Kilotons)
Table 42 South American Market Revenue,2011 – 2018 ($Million)
Table 43 South American Market Demand, By Function, 2011 – 2018 (Kilotons)
Table 44 South American Market Revenue, By Function, 2011 – 2018 ($Million)
Table 45 South American Market Demand, By Formulation, 2011 – 2018 (Kilotons)
Table 46 South American Additives Revenue, By Formulation, 2011 – 2018 ($Million)
Table 47 Row Coating Additives Market Demand, By Country,2011 – 2018 (Kilotons)
Table 48 Row Market Revenue, By Country,2011 – 2018 ($Million)
Table 49 Row Market Demand, By Type,2011 – 2018 (Kilotons)
Table 50 Row Market Revenue, By Type,2011 – 2018 ($Million)
Table 51 Row Market Demand, By Application,2011 – 2018 (Kilotons)
Table 52 Row Market Revenue, By Application,2011 – 2018 ($Million)
Table 53 Row Market Demand, By Function,2011 – 2018 (Kilotons)
Table 54 Row Market Revenue, By Function,2011 –2018 ($Million)
Table 55 Row Market Demand, By Formulation,2011 – 2018 (Kilotons)
Table 56 Row Market Revenue, By Formulation,2011 – 2018 ($Million)
Table 57 Coatings Additives Market Demand, By Application,2011 – 2018 (Kilotons)
Table 58 Coating Additives Market Revenue, By Application,2011 – 2018 ($Million)
Table 59 Properties Controlled By Coating Additives For Major Applications
Table 60 Architecture Coating Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 61 Architecture Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 62 Industrial Sector Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 63 Industrial Sector Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 64 Wood & Furniture Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 65 Wood & Furniture Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 66 Automotives Coating Additives Market Demand, By Geography, 2011 – 2018 (Kiloton)
Table 67 Automotives Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 68 Other Coatings Additives Market Demand, By Geography,2011 – 2018 (Kilotons)
Table 69 Other Coating Additives Market Revenue, By Geography,2011 – 2018 ($Million)
Table 70 Coating Additives Market Demand, By Function,2011 – 2018 (Kilotons)
Table 71 Coatings Additives Market Revenue, By Function,2011 – 2018 ($Million)
Table 72 Rheology Modifying Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 73 Rheology Modifying Coating Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 74 Biocidic Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 75 Biocidic Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 76 Wetting & Dispersing Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 77 Wetting & Dispersing Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 78 Anti-Foaming Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 79 Anti-Foaming Coating Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 80 Impact Modification Coating Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 81 Impact Modification Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 82 Other Coatings Additives Market Demand, By Geography,2011 – 2018 (Kilotons)
Table 83 Other Coating Additives Market Revenue, By Geogaphy,2011 – 2018 ($Million)
Table 84 Coating Additives Market Demand, By Formulation,2011 – 2018 (Kilotons)
Table 85 Coatings Additives Market Revenue, By Formulation,2011 – 2018 ($Million)
Table 86 Solvent-Borne Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 87 Solvent-Borne Coatings Additives Market Revenue, By Geography, 2011–2018 ($Million)
Table 88 Water-Borne Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 89 Water-Borne Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 90 Powder Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 91 Powder Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 92 Coating Additives Market Demand, By Type,2011 – 2018 (Kilotons)
Table 93 Coatings Additives Market Revenue, By Type,2011 – 2018 ($Million)
Table 94 Acrylic Coating Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 95 Acrylic Coatings Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 96 Urethane Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 97 Urethane Coating Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 98 Fluoropolymers Coatings Additives Market Demand, By Geography, 2011-2018 (Kilo Tons)
Table 99 Fluoropolymers Coating Additives Market Revenue, By Geography, 2011-2018 ($Million)
Table 100 Metallic Coatings Additives Market Demand, By Geography, 2011 – 2018 (Kilotons)
Table 101 Metallic Coating Additives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 102 Other Coatings Additives Market Demand, By Geography,2011 – 2018 (Kilotons)
Table 103 Other Coating Additives Market Revenue, By Geography,2011 – 2018 ($Million)
Table 104 New Product Launches
Table 105 Capacity Expansions
Table 106 Acquisitions
Table 107 Geographic Expansions
Table 108 Others
Table 109 Asahi Glass: Annual Revenue, By Segment,2010 – 2011 ($Million)
Table 110 Akzonobel: Products & Their Descriptions
Table 111 Akzonobel: Annual Revenue, By Segment,2011 – 2012 ($Million)
Table 112 Arkema: Products & Their Descriptions
Table 113 Arkema: Annual Revenue, By Segment, 2011 – 2012 ($Million)
Table 114 Ashland: Products & Their Descriptions
Table 115 Ashland: Annual Revenue, By Segment, 2011 - 2012 ($Million)
Table 116 BASF: Products & Their Descriptions
Table 117 BASF: Annual Revenue, By Segment, 2011 - 2012 ($Million)
Table 118 BYK-Chemie: Products & Their Descriptions
Table 119 Cabot: Products & Their Descriptions
Table 120 Cabot: Annual Revenue, By Segment, 2011-2012 ($Million)
Table 121 Cytec: Products & Their Descriptions
Table 122 Cytec: Annual Revenue, Business Segment,2011 - 2012 ($Million)
Table 123 Daikin: Annual Revenue, By Segment, 2011 – 2012 ($Million)
Table 124 Dow Chemical: Products & Their Descriptions
Table 125 Dow Chemical: Annual Revenue, By Segment,2011–2012 ($Million)
Table 126 Dynea: Products & Their Descriptions
Table 127 Eastman: Annual Revenue, By Segment, 2011 – 2012 ($Million)
Table 128 Elementis: Products & Their Descriptions
Table 129 Elementis: Annual Revenue, By Trading Division,2011 - 2012 ($Million)
Table 130 Evonik: Products & Their Descriptions
Table 131 Evonik: Annual External Sales, By Business Segment,2011 - 2012 ($Million)
Table 132 K-Tech: Products & Their Descriptions
Table 133 Rhodia Sa: Products & Their Descriptions
Table 134 Lubrizol: Products & Their Descriptions
Table 135 Momentive: Products & Their Descriptions
Table 136 Momentive: Annual Revenue, By Business Segment,2011 - 2012 ($Million)
 
 
List Of Figures  (27 Figures)
 
Figure 1 Market Volume Share Analysis For Coatings Additives, 2012
Figure 2 Coatings Additives Market Revenue Share, By Application,2018
Figure 3 Coating Additives Market Revenue Trends, By Geography, 2011 - 2018 ($Million)
Figure 4 Coatings Additives Market Volume Share, By Geography, 2012
Figure 5 Coatings Additives Market Trend, By Geography, 2013 - 2018
Figure 6 Strategic Developments, By Major Player, 2011 - 2013
Figure 7 Coating Additives: Value Chain Analysis
Figure 8 Impact Of Major Drivers On This Market,2012 – 2018
Figure 9 Impact Of Major Restraints On This Market, 2012 – 2018
Figure 10 Impact Of Major Opportunities On This Market, 2012 – 2018
Figure 11 Porter’s Five Force Analysis
Figure 12 Asia-Pacific Coatings Additives Market Volume Share ,By Country, 2012
Figure 13 North American Coatings Additives Market Volume Share, By Country, 2012
Figure 14 European Coatings Additives Market Volume Share, By Country, 2012
Figure 15 South American Coating Additives Market Volume Share, By Country, 2012
Figure 16 Row Coating Additives Market Volume Share, By Country, 2012
Figure 17 Coatings Additives Market Volume Share, By Application, 2012
Figure 18 Coating Additives Market Volume Share, By Function, 2012
Figure 19 Coatings Additives Market Volume Share, By Formulation, 2012
Figure 20 Coating Additives Market Volume Share, By Type, 2012
Figure 21 Coatings Additives Market Volume Share, By Growth Strategy, 2011 - 2013
Figure 22 Akzonobel: Swot Analysis
Figure 23 Arkema: Swot Analysis
Figure 24 BASF: Swot Analysis
Figure 25 BYK-Chemie: Swot Analysis
Figure 26 Dow Chemical: Swot Analysis
Figure 27 Eastman: Swot Analysis

The global coating additives market is witnessing growth on the account of increasing applications, and rapidly growing demand in the Asia-Pacific region. They are widely being used in coating application in the construction, automobiles, and wood & furniture industries. Typical uses of these additives is to improve wettability, dispersing of solids, foam reduction, gloss control, anti-catering, anti-chipping, flow control, and UV protection, etc. of the coating material. The specific application of coatings may require the protection of coated substrate from chemicals, high temperature, abrasion, impact, moisture, biocides, etc. during the service life of the material.

This global market, in terms of revenue, was estimated to be worth $6 billion in 2012 and is expected to reach $8.7 billion by 2018, growing at a CAGR of 6.4% from 2013. Asia-Pacific and North America dominated the global coating additives market demand in 2012. Asia-Pacific is expected to remain the largest market in the near future, owing to increasing demand from key countries such as China and India.

Coating Additives Market Volume Share, by Geography, 2012

Coating Additives Market

Source: ICIS, Chemical Weekly, IHS Chemical Week, Primary Interviews, Company Websites, Company Annual Reports, and MarketsandMarkets Analysis

Asia-Pacific dominates this global market, accounting for the largest share in overall consumption in 2012. North America and Europe remained second and third largest markets for these additives, respectively. North America, owing to its recovering construction, industrial and automotive sectors, has given the market for additives comfortable room for growth. However, struggling growth in the economy of the European region is expected to keep the growth in demand for these additives far below the global average. In recent years, Asia-Pacific has registered a strong demand for coating additives, and this trend is expected to continue in the near future, driven by China and India. The high demand from the Middle East region is due to large investment in its construction sector. Market participants are focusing on the Asia-Pacific and Middle East & Africa (Rest of the World) regions to gain market share and improve profitability.

Key participants in the global coating additives market include BYK-Chemie (Germany), BASF (Germany), Dow Chemical (U.S.), Evonik (Germany), Elementis (U.K.), AkzoNobel (The Netherlands), Arkema (France), and Eastman (U.S.).

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