What Does the Preceding and Forecasted Market Size Indicate for the Global Coating Additives Market?
The coating additives market has displayed promising growth over the past years. It expanded from $10.16 billion in 2024 to $11.06 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.9%. This substantial growth was largely driven by the booming construction industry, increased demand for paints and coatings, widespread industrial manufacturing, and enhanced environmental awareness and regulatory compliance.
The coating additives market is set to advance even further in the ensuing years, reaching a remarkable $15.85 billion by 2029 at a CAGR of 9.4%. This projected growth may be attributed to infrastructure development, the automotive industry, rapid urbanization, proliferation of biodegradable additives, and growth in emerging markets. It is also influenced by key trends such as innovative developments in architectural coatings, customization of additive solutions, technological advancements, introduction of high-performance additives, and pioneering specialty coatings.
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What Are the Key Growth Drivers of the Coating Additives Market?
The thriving building and construction sector is propelling the coating additives market growth. Coating additives are instrumental in augmenting the viscosity, surface effectiveness, and impact resistance of substrates in the construction sector. An increase in residential and commercial construction activities globally coupled with the adoption of environmentally friendly additives fortifies wall and roof installations while also aligning with environmental implications. For instance, in February 2023, the United States Census Bureau reported a 13.8% increase in the number of privately owned housing units approved by building permits, translating to 1,524,000 units on a seasonally adjusted yearly basis. This strong growth in the construction sector is set to further bolster the coating additives market in the forecast period.
Who are the Key Players and Segments Dominating the Global Coating Additives Market?
Key segments of the coating additives market covered in this report include:
1) By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additive, Other Types
2) By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions
3) By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications
Prominent companies operating in this market include Akzo Nobel NV, Allnex Netherlands BV, ANGUS Chemical Company, Arkema SA, Ashland Global Holdings Inc., BYK Additives & Instruments, Cabot Corporation, Clariant AG, Dow Chemical Co., Eastman Chemical Company, Elementis PLC, Evonik Industries AG, Ineos Group AG, Kamin LLC, Keim additec surface GMBH, Kyoeisha chemical co. ltd., Michelman Inc., Momentive Performance Materials Inc., Rhodia SA, Shamrock Technologies, Solvay SA, BASF SE, ADEKA Corporation, Croda International plc, DIC Corporation, Emerald Performance Materials, King Industries Inc., Lubrizol Corporation, Munzing Chemie, AkzoNobel Specialty Chemicals, SI Group Inc., Specialty Polymers Inc., Synthomer plc.
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What Emerging Trends Are Influencing the Coating Additives Market?
Major companies in the coating additives market are focusing on technological advancements like energy-curable coatings for metal coil applications. These coatings provide improved performance and sustainability. Energy-curable coating hardens or cures upon exposure to energy sources like ultraviolet (UV) light or electron beams, offering quick drying times and durable finishes. For example, in July 2024, PPG Industries launched PPG DURANEXT, offering a comprehensive system for metal coil coaters aiming to enhance their production processes and minimize environmental impact.
Which Region Is Set to Register the Fastest Growth in the Coating Additives Market?
In 2024, Asia-Pacific held the largest share in the coating additives market, and it is expected to display the fastest growth in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Coating Additives Market Report 2025 Offer?
Coating additives, a specialized group of chemically engineered materials, are designed to improve the performance of coatings by altering the rheology and the anti-foaming, wetting, and dispersing properties of coating formulations. They are instrumental in removing coating defects and in imparting specific properties to formulations such as better slip, flame retardance, UV stability, and chemical resistance. The Coating Additives Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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