Coating Additives Market

Coating Additives Companies: Market Leader in Coating Additives Market

In terms of value, the coating additives market is estimated to grow from USD 8.72 billion in 2024 to USD 11.04 billion by 2029, at a CAGR of 4.8%. Coating additives market have grown as the demand for water-borne products is growing, increasing infrastructural projects and urbanization, Growing focus on high-performance additives, increasing need for bio-based additives, and monting demand for corrosion protection. These factors drive the coating additives market. Also, the coating additives manufacturers has opportunity from mounting demand for additives from building & construction sector and growing automotive & aerospace industry. Along with the drivers and opportunities, fluctuations in raw material prices is the major restraint for the market growth.

Coating Additives Companies

The key players profiled in the report include BASF SE (Germany), ALTANA AG (Germany), Dow Inc. (US), Nouryon (Netherlands), Evonik Industries AG (Germany), Arkema (France), Eastman Chemical Company (US), Ashland Inc. (US), Clariant AG (Switzerland), Allnex GMBH (Germany), Elementis plc (UK), The Lubrizol Corporation (US), Momentive Performance Materials Inc. (US), and others. The coating additives market has witnessed insignificant growth in the past few years; mounting demand for high performance & multifuctional additives and growing transportation industry drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.

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Evonik is a prominent player in the specialty chemicals sector and is renowned for its global leadership in providing innovative solutions. Evonik’s expansive reach spans over 100 countries, underscored by production facilities in 104 locations across 27 countries spanning six continents.. It offers coating additives through the specialty additives segment, which also provides a comprehensive range of additives, cross-linkers, and formulation expertise across various industries. The company’s commitment to innovation is showcased through its introduction of novel manufacturing methods and advanced technologies, as seen with the launch of COATINO Defect Detection (CDD) for precise defect analysis, and TEGO Wet Terra biosurfactants. Also, in the Specialty Additives segment, the company significantly invested in various projects across its facilities in China, the US, and Germany.

ALTANA AG, a major industry player, is dedicated to developing and producing top-tier specialty chemical products. The coating additives fall under the purview of the BYK division, which provides various wetting/dispersing agents, surface additives, rheology additives, defoamers, adhesion promoters, processing additives, viscosity reducers, and wax additives. With 48 production sites and 63 research and service sites spanning 26 countries, ALTANA AG has established a formidable presence in Europe, North America, Asia Pacific, South America, and the Middle East & Africa. The company’s commitment to innovation is exemplified by its implementation of novel technologies at its German plant, allowing it to optimize production processes and enhance product quality. In June 2023, ALTANA AG’s BYK division launched new CERAFLOUR family members as the replacement solutions for typical PE/PTFE wax additives.

BASF SE, being another major player in the chemical sector, has made significant expansion, revolving around coating additives. It offers its coating additives products primarily through the Industrial Solutions segment, including the Dispersions & Resins and Performance Chemicals divisions. In May 2024, BASF announced that it will expand its additives factory in Nanjing, China, adding a new production line for special dispersants known as Controlled Free Radical Polymerization (CFRP).

Related Reports:

Coating Additives Market by Type (Defoamer, Wetting & Dispersing Agents, Rheology Modifiers), Formulation (Water-borne, Solvent-borne), Application (Architectural, Industrial, Automotive & Transportation, Wood & Furniture), and Region - Global Forecast to 2029

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Coating Additives Market Size,  Share & Growth Report
Report Code
CH 2144
RI Published ON
10/23/2024
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