Paints and Coatings Additives Market Forecast to 2027

March 8, 2022 - PRLog -- AKI Research has recently published a blog that stated: "The Global Paints & Coatings Additives Market (https://www.akiresearch.com/reports/paints-and-coatings-additives-market) is estimated to value USD 8,243.73 million in 2021. The market had a declined rate of 5.30% in 2020 from 2019 due to pandemic effects across the global market. However, the paints and coatings additives market is poised to grow at a CAGR of 6.13% over the forecast period 2022-2027 and will account for the value USD 11,785.26 million in 2027" - AKI Research

By region, in 2021, Asia-Pacific dominated the global paints & coatings additives market (i.e. about 46.04%) followed by Europe and North America. Over the forecast period, the Asia-Pacific region will have the highest CAGR of 6.68% followed by Middle-East & Africa, North America, and Europe. Moreover, it is forecast that the Asia-Pacific region will have the highest incremental market size growth of about USD 1,546.15 million over the forecast period followed by Europe.

China is the dominant market for the paints & coatings additives market and is home to more than a thousand coatings manufacturers including international and local players. In 2021, China accounted for a market size of about USD 2,183.9 million in the paints and coatings additives market and is poised to grow at a CAGR of 7.11% over the period 2022-2027. According to AKI Research, the ASEAN region will have the highest CAGR of 7.29% in the Asia-Pacific paints and coatings additives market over the forecast period.

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By additive type, the paints and coatings additives market is segmented as Rheology Modifiers, Dispersants and Wetting Agents, Defoamers and Deaerators, Biocides, Surface Modifiers, Stabilizers, Flow and Leveling Additives, and other additives types. Rheology modifiers type accounted for the highest market share of 28.91% in 2021 and is forecast to have an incremental market size growth of about USD 982.77 million over the forecast period. Dispersants and wetting agents were the second-largest additive type having a 21.16% market share in 2021.

Key Players in the global paints & coatings additives market includes Dow, Solvay, Altana Group (BYK), Cabot Corporation, Ashland, Elementis PLC, Eastman Chemical Company, Nouryon, Evonik Industries AG, DAIKIN INDUSTRIES, Ltd, Kusumoto Chemicals, Ltd., Shin-Etsu Chemical Co., Ltd., Arxada (Troy Corporation), PTTGC International (Allnex), Momentive Performance Materials Inc., Michelman, Inc., etc.

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