Paint Additives Market

Paint Additives Market: Sales of Fluoropolymers and Acrylics Product Segments to Register Similar CAGRs through 2022: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)

Paint additives are special ingredients, which improve the functionality, performance, and quality of paints. Paint additives help in modifying the properties of paints for improving the viscosity, impact resistance, flow control, anti-chipping, gloss control, foam reduction, and increasing efficacy of paints. To enhance the finishing, and ensure durability of the coated film, the coating formulation is blended with small amount of paint additives.

High Demand for Multifunctional Additives will Propel Growth of the Market

Although paints & coatings industry has witnessed a declined growth owing to pressure by environmental regulations, the manufacturers are endlessly focusing on reformulation of their products. As a result, novel additives continue to witness a surge in demand. A major factor favoring expansion of the industry is soaring demand for multifunctional additives, which provide same performance level as that of individual additives. Employed in paint formulations, multifunctional additives help in achieving the desired durability, gloss, and other properties of final film. Along with cost reduction, multifunctional additives simplify the overall formulating process. In addition, by reducing the quantity of additives needed, multifunctional additives help the aqueous system remain in compliance with safety standards, and perform well. The aforementioned factors are expected to drive growth of the market in the upcoming years.

Global Paint Additives Market   FMI

Rapid economic expansion in most of the developing economies has resulted into robust architectural construction and industrial activities. This has created a high demand for paints, thereby fuelling significant demand for paint additives. Vendors of insulating paint additives are making huge investments in research and development activities for reducing the operation and manufacturing cost of paint additives. These vendors are now concentrating on new technologies, and product extensions for offering products with enhanced properties and better efficiency. Primarily, vendors are aiming on maintaining their competitive edge in the paint additives market through product differentiation and innovation. These factors will further augment the demand for paint additives in the near future. A new report by Future Market Insights (FMI) has anticipated a steady expansion for the global paint additives market throughout the forecast period 2017 to 2022. Global sales of paint additives are expected to reach approximately US$ 9,000 Mn in revenues by 2022-end.

Europe will Remain Dominant in the Market

Europe is expected to continue its dominance in the global paint additives market, in terms of revenues. Sales of paint additives in Europe are expected to account for nearly one-third revenue share of the market in 2017. However the region will witness a decline in its market share over the forecast period. Between North America and Japan, the former will account for larger revenues, while the latter will register a comparatively higher CAGR through 2022.

On the basis of product type, metallic additives and urethanes are expected to register the fastest expansion in sales through 2022. Revenues from sales of urethanes and metallic additives are collectively expected to exceed US$ 3,000 Mn by 2022-end.

Solvent-based Paint Additives to Remain Sought-after in the Market

By formulation type, solvent-based paint additives are expected to remain sought-after among end-users in the global paint additives market. Sales of solvent-based paint additives across the globe are expected to surpass US$ 5,000 Mn in revenues by 2022-end.

Paint additive are expected to witness the largest application in rheology modification, owing to their higher efficiency in improving thickness and viscosity of coated surfaces. Rheology modification process is utilized by various industries as they enable formulators in changing the flow or structure of materials.

Based on end-users, industrial segment will continue to exhibit the fastest expansion through 2022. Anti-corrosion property of paint additives is a major factor driving their demand for industrial end-use. There has been a rise in utilisation of paint additives in formulation processes for various industries including steel, electrical & electronics, and household appliances.

Company Profiles

Key players considered by FMI’s report that are actively participating in the global paint additives market are Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd.

Future Market Insights (FMI) has offered a 5-year forecast for the global paint additives market in its new report titled “Paint Additives Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”. The report demonstrates key regional trends and dynamics that are expected to impact present status as well as future prospects of global market for paint additives throughout the forecast period.

Report Structure and Market Dynamics

The report starts with an executive summary, which provides an overview of revenue forecasts of the global paint additives market. The executive summary of the report also includes insights about product and regional segments, highlighting key research findings of the report. Following the executive summary, the report provides a detailed introduction and definition of the global paint additives market.

Global leaders in the market have been heavily investing in R&D for reducing the operation as well as manufacturing prices of paint additives. Product extension and innovation are key strategies adopted by vendors of paint additives, in a bid to provide products with enhanced properties and higher efficiency. Growth in construction activities across developing economies such as Japan, India, and China is further expected to augment the market growth over the forecast period. There has been a surge in demand for luxury furniture since recent past on the back of increasing production capacities of vendors in emerging economies. Vendors are also focusing on increasing their presence in the market, with an aim to fulfil robust demand from domestic markets including India, Brazil, Indonesia, and China.

In the following chapters of the report, market size forecasts and Y-o-Y growth rates are offered, which is supported by analysis of macroeconomic factors. In addition, the report analyses the global market for paint additives on the basis of presence of market players across all regional segments, raw material sourcing strategies, supply chain breakdown, and pricing & cost structure. Considering various aspects, the report deduces the market size based on secondary research. Moreover, qualitative data from primary research, and information from FMI’s in-house panel of experts in the industry have been incorporated for acquiring appropriate market estimates.

Market Taxonomy

The report considers key market segments that are portrayed with a taxonomy table. The global paint additives market is segmented on the basis of product, end-user, application, formulation type, and region. The report offers a comprehensive analysis on each of these market segments.

Region

Product Type

Formulation Type

Application

End Use Industry

  • North America

  • Acrylics

  • Solvent Based

  • Rheology Modification

  • Automotive

  • Latin America

  • Fluoropolymers

  • Water Based

  • Biocides Impact Modification

  • Architectural

  • Europe

  • Urethanes

 

  • Wetting & Dispersion

  • Industrial

  • Japan

  • Metallic Additive

 

  • Anti-Foaming

  • Wood & Furniture

  • APEJ

  • Others (epoxy, polyalkyds, and amines)

 

  • Others (Flexibility, curing, slip & rub, and so on)

  • Others

  • MEA

 

 

 

 


The region-wise segmentation provided by the report is extended further based on dominant, emerging and fastest growing countries, which are included under respective regions. The chapters offering forecasts on market segments have been incorporated in the report. These chapters also shed light on cross-sectional data of paint additives market, and country specific forecast and analysis.

Competitive Landscape

The last chapter of the report offers in-depth analysis of global leaders in the market based on SWOT analysis, financials, and key developments made by the leading market players. This chapter offers information about the market’s competitive landscape, with insights on current conditions and future scenario of players in the market during the forecast period.

For deducing the market forecasts, the report has considered information on performances of major market players, present macroeconomic outlook, and historical growth trends associated with end-use industries. The data derived in this report has been extensive scrutinised and studied to realise quantitative as well as qualitative insights about the global paint additives market.