Catherine Diamond, Associate Editor
The global market size of coating additives is expected to reach $9.19 billion by 2021, according to market re- search firm MarketsandMarkets. Globally, the market
as a whole is expected to register a CAGR of 6.1 percent during forecast period. In recent years, researchers found that the
Asia-Pacific region dominated the coating additives market in
terms of both volume and value. The increasing demand from
the architecture, automobile, industrial, and wood and furniture
industries in China, India, and Japan is driving the coating additives market.
The report - titled Coating Additives Market by Function
(Rheology Modifiers, Dispersing, Wetting Agent, Impact
Modifier, Anti-Foaming), Application (Automotive,
Architecture, Industrial), Formulation (Water, Solvent,
Powder Based), and Types - Global Trends & Forecasts to
2021- found that rheology modification function will domi-
nate the coating additives market through 2021. Used to impart
optimal fluidity and functionality to the surface, rheology modi-
fying additives implemented to help better finishing of the coat-
ing surface, the report states.
“Waterborne formulations dominate the market among all
the formulation types. With increasing environmental regulations, the market share of coating additives for solvent-borne
system is decreasing. The demand is shifting toward the waterborne and powder-based coating additives due to stringent environmental regulations. However, solvent-borne is still being
significantly used in Asia-Pacific and South America though its
use has drastically reduced in Europe and North America,” researchers found.
“Architecture is the major application of coating additives.
The growing commercial and residential construction in Asia-Pacific is driving the demand for coating additives for better
protection of buildings. In addition, the growing automotive
sector in regions such as Asia-Pacific and South America is
Growth in Asia-Pacific is fueling global demand.