By 2022, the global coating auxiliaries market was estimated to be worth US$8 billion. From 2022-2032, it is predicted to expand at a compound annual growth rate of 3.9%. By 2032, the global coating Auxiliaries market is predicted to be worth US$ 11.70 billion.
The coating Auxiliaries market is expected to expand rapidly due to the following:
Growing demand for coating Auxiliaries from a wide range of end-use sectors
Coating Auxiliaries are becoming increasingly important in the building and construction sector
Rising global population and rising personal disposable income
Increasing use in home furnishing applications over the forecast period
Textile industry's rising need for industrial coating Auxiliaries
Attributes
Details
Market Value (2022)
US$ 8 Billion
Market Value (2032)
US$ 11.7 Billion
CAGR
3.9%
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Coating Auxiliaries Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020 Overview
Coating auxiliaries are consumed for the purpose of optimizing as well as supporting the application of coatings and release agents to guarantee an smooth production flow. Various products such as wiping fillers and dilutions, primers, cleaners, and mould cleaners belong to this category.
These products are ideal for cleaning mould and processing equipment, and exhibit certain industrial advantages such as high release strength of polyurethane (PU) and release agent residues. Coating auxiliaries provide an ideal preparation for many coating applications and also enhance the adhesion property of the coatings to the substrate. Manufacturers such as Bomix Chemie GmbH develop dilutions to achieve an effective processing viscosity.
The global market for coating auxiliaries has been witnessing a significant increase due to growth of its application and end user industries. Coating auxiliaries are used in various coating applications which are further implemented in industries such as construction and textile.
Growing demand from major application market such as textile and home furnishing are anticipated to remain the major growth factors for the market of coating auxiliaries. Significant per capita consumption has been witnessed from the textile industry, particularly in emerging economies such as Russia, China, Brazil and India.
his factor is expected to result in rising demand for coatings over the forecast period. However, rising environmental concerns regarding the hazards from the consumption of these coatings is expected to result in an unfavorable regulatory landscape which is expected to be a critical challenge for market players, resulting in the slowdown of the coating auxiliaries market.
In terms of the overall coatings market, polyurethane and silicone based coatings account for the most consumed products where silicone coatings are anticipated to witness the fastest growth over the forecast period primarily due to rising innovation in product development which is leading to growth in packaging and automobile industries where these coatings are significantly consumed for protection and lamination.
Emerging regions such as Asia Pacific accounted for the largest market share in terms of region in the global urethane coating auxiliaries market, followed by Europe and North America.
Growth of the major end user industries such as textiles and construction, particularly in the emerging economies of India and China are anticipated to boost the demand for coating auxiliaries over the forecast period. The market for coating auxiliaries in China is expected to rise significantly on account of the country’s growing consumer demand for high quality products as well as the continued rapid pace of the construction industry in the country.
Majority of the coating auxiliaries in China are consumed in construction applications, where commercial and residential construction account for the largest shares.
Increasing demand for coatings and adhesives on account of the rapidly growing construction industry is expected to boost the demand for coating auxiliaries over the next few years.
Moreover, increasing number of construction activities, particularly in the BRIC region (Brazil, Russia, India, and China) is anticipated to fuel the demand for coating auxiliaries as well. However, rising environmental regulations and concerns regarding the use of coating auxiliaries are expected to slow down the growth of the market. On account of these factors, focus of manufacturers towards developing bio-based coatings is expected to provide new opportunities for the growth of the market.
Baalbaki, Bomex Berlac Group, and Mayday Graphics are some of the manufactures of coatings auxiliaries present in the market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
Major Trends In The Coating Auxiliaries Market
Huge Market Potential Due to Its Pervasive Application in the Manufacturing of Technical Textiles:
A rise in the number of uses for technical textiles has increased the adoption of coating Auxiliaries. Incorporating textile Auxiliaries improves a wide range of properties in technical fabrics. The coating Auxiliaries market stands to gain from R&D into concentrated textile Auxiliaries for usage in the sector, which is expected to lead to new revenue opportunities.
Consumption of Textile Auxiliaries, Most Noticeably Dyeing and Printing Agents, is Growing as Apparel Fabric Demand Increases
Textile Auxiliaries, such as dyeing agents, printing agents, and finishing agents, are widely used in the textile processing industry, greatly increasing the consumption of these goods. Sales of coating Auxiliaries are being driven by the increasing need for a wide variety of fabrics used in fashion and home furnishings.
According to the research conducted on the coating Auxiliaries market, the dyeing and printing agent's category is a lucrative one and is expected to grow at a CAGR of almost 4% between 2022-2032.
Manufacturing techniques for textiles are progressively using environmentally friendly treatment methods. With their focus on greener methods, the industrial coating industry is likely to be able to expand into uncharted territory.
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Regional Allocation Of The Coating Auxiliaries Market Resources
In terms of volume, the Asia-Pacific region accounted for more than 33% of the worldwide coating Auxiliaries market in 2021. A greater need for home furnishings has resulted in an increase in the employment of textile Auxiliaries. The growth of the regional market can be attributed to the region's improved capacity to produce fashionable clothing and the emergence of a few economies as global textile export hubs.
The North American industrial coating market is promising and is expected to grow at a steady clip over the projection period. As the market for technological textiles experiences explosive growth in the coming years, several lucrative opportunities are expected to present themselves to industry participants.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
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Regional analysis includes
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies
