Paint Additives Market Size, Share, Trend, Key Manufacturer Analysis and Forecast to 2025
The global paint additives market is expected to reach USD 10.9 billion by 2025. Growing use of paints and coatings in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors.
The global paint additives market is expected to reach USD 10.9 billion by 2025. Growing use of paints and coatings in the construction and the automotive sectors due to highly preferred solvent properties are major growth factors.
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<strong>Paint</strong> <strong>Additives</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Trend</strong>, <strong>Key</strong> <strong>Manufacturer</strong><br />
<strong>Analysis</strong> <strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2025</strong><br />
“The global <strong>Paint</strong> <strong>Additives</strong> <strong>Market</strong> is expected <strong>to</strong> reach USD 10.9 billion by<br />
<strong>2025</strong>. Growing use of paints <strong>and</strong> coatings in the construction <strong>and</strong> the<br />
au<strong>to</strong>motive sec<strong>to</strong>rs due <strong>to</strong> highly preferred solvent properties are major<br />
growth fac<strong>to</strong>rs.”<br />
The global <strong>Paint</strong> <strong>Additives</strong> <strong>Market</strong> is expected <strong>to</strong> reach USD 10.9 billion by <strong>2025</strong>. Growing use of paints <strong>and</strong><br />
coatings in the construction <strong>and</strong> the au<strong>to</strong>motive sec<strong>to</strong>rs due <strong>to</strong> highly preferred solvent properties are major<br />
growth fac<strong>to</strong>rs. Other fac<strong>to</strong>rs such as increase in the expenditure on construction activities <strong>and</strong> rise in the<br />
adoption of paints <strong>and</strong> coatings in au<strong>to</strong>motive sec<strong>to</strong>r, are fueling growth of the paint additives market, mainly<br />
in developing economies across the globe. The increasing use of paints <strong>and</strong> coating is expected <strong>to</strong> influence<br />
dem<strong>and</strong> for paint additives in the forecast period. <strong>Paint</strong> additives market is expected <strong>to</strong> witness 6% CAGR in the<br />
forecast period.<br />
The stringent laws <strong>and</strong> regulation against harmful effects of paints <strong>and</strong> coating on environment are compelling<br />
market players <strong>to</strong> adopt environment-friendly paints <strong>and</strong> coatings additives that complies with the regional <strong>and</strong><br />
international regulations. This has led market players <strong>to</strong> significantly invest in research <strong>and</strong> development for<br />
paint addictive market. With the development of low cost solutions <strong>to</strong> avoid the use of volatile organic<br />
compounds is contributing <strong>to</strong> the market expansion in upcoming years.<br />
Number of international <strong>and</strong> local governing agencies are regulating the use of paints <strong>and</strong> addictive such as<br />
European union (EU), <strong>and</strong> national institute for occupational safety <strong>and</strong> health (NIOSH). These regulations allow<br />
industries <strong>to</strong> avoid dangers of adverse chemical <strong>and</strong> physical effects along with the use of raw materials <strong>and</strong><br />
s<strong>to</strong>rage equipment.<br />
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<strong>Paint</strong> <strong>and</strong> coating additives consists of a variety of elements that are added in<strong>to</strong> polymer resins, dyes, varnishes<br />
<strong>and</strong> other materials in order <strong>to</strong> change their specific properties as per the requirements. <strong>Paint</strong> additives are<br />
categorized in<strong>to</strong> various materials such as insulating paint additives, powder varnish additives, reagents,<br />
moistening agents, levelers, clarifier, coupling addictive, de-flocculants, thinning agents, viscous agents, <strong>and</strong><br />
anticaking additives. <strong>Paint</strong> additives <strong>and</strong> varnishes occur in various forms as well.<br />
The wide range of paint addictive <strong>and</strong> coating additives such as insulating paint additives <strong>and</strong> powder coating<br />
additives utilizes premium quality base materials in their production. The main objective for using paint<br />
addictive is <strong>to</strong> accomplish properties such as water resistance, erosion resistance, <strong>and</strong> endurance against heat<br />
<strong>and</strong> abrasion. Currently available paint addictive <strong>and</strong> coating addictive in the market are mostly safe <strong>and</strong><br />
environment-friendly. With recent development for the production of paint addictive <strong>and</strong> coating additives has<br />
led <strong>to</strong> extremely reasonable prices. <strong>Paint</strong> additives consists of an extremely vital type of raw materials that<br />
utilized for the production of paints <strong>and</strong> coating materials, also in various application that are narrowly<br />
associated with coating materials. The essential fac<strong>to</strong>rs associated with paint addictive are quality <strong>and</strong> coating<br />
application properties that are dependent on the type of raw material used. Also, selection of the correct<br />
additives that is <strong>to</strong> be added with the paints <strong>and</strong> coating is significantly vital.<br />
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Selection particular addictive for paint <strong>and</strong> coating material majorly influence on the characteristics of the paint<br />
<strong>and</strong> coating materials. <strong>Additives</strong> causes change in functionality of added materials such as binder, pigment<br />
extender, <strong>and</strong> solvent. Quantity of additives varies as per requirement, typically ranges from five <strong>to</strong> ten percent<br />
by weight. Though, st<strong>and</strong>ard proportion of a one additive in a coating formulation is commonly around one <strong>and</strong><br />
half percent <strong>to</strong> the overall quantity of the paint material.<br />
The paint additives market is divided in<strong>to</strong> regional market segment such as North America, Europe, Asia-Pacific,<br />
Latin America <strong>and</strong> Africa. Asia-Pacific region is predicted <strong>to</strong> hold major market share in the paint additives<br />
market with massive growth in forecast period. Countries such as Japan, Malaysia, China <strong>and</strong> India are leading<br />
the Asia-Pacific market with the growing need for infrastructural facilities <strong>and</strong> increasing investment by market<br />
players due <strong>to</strong> potential growth opportunities. North America <strong>and</strong> Europe region have shown major growth in<br />
recent years owing <strong>to</strong> the rise in commercial as well as residential construction <strong>and</strong> rising living st<strong>and</strong>ards. The<br />
key players in the paint additives industry are AkzoNobel Co., Arkema S.A., BASF Enterprises, Evonik Industries,<br />
Ashl<strong>and</strong> Global Holdings Incorporations, <strong>and</strong> Buckman Labora<strong>to</strong>ries Incorporations.<br />
<strong>Market</strong> Segment:<br />
<strong>Paint</strong> <strong>Additives</strong> Product Outlook (Volume, Kilo<strong>to</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• Rheology modifiers<br />
• Biocides<br />
• Anti-foamers<br />
• Wetting & dispersion agents
<strong>Paint</strong> <strong>Additives</strong> Application Outlook (Volume, Kilo<strong>to</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• Architectural<br />
• Industrial<br />
• Wood & furniture<br />
• Au<strong>to</strong>motive<br />
• Others<br />
<strong>Paint</strong> <strong>Additives</strong> Regional Outlook (Volume, Kilo<strong>to</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Central & South America<br />
• Middle East & Africa<br />
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