Coating Additives demand stood at 7.58 Million Tonnes in 2020 and is forecast to reach 11.59 Million Tonnes by 2030, growing at a healthy CAGR of 4.35% until 2030.
Coating additives are the chemicals are added to various coatings to enhance their performance and properties such as adhesion, dispersion, chemical resistance, etc. There are several types of coating additives, including rheology modifiers, dispersing agents, wetting agents, impact modifiers, anti-foaming agents. Due to their property enhancement capabilities, they have application in automotive, architectural coatings, industrial goods, wood, and furniture. The rise in the demand of the automotive industry along with the increasing demand of other application areas such as architectural coatings, industrial goods, etc. is projected to drive the demand for coating additives during the forecast period. Moreover, increasing population and subsequent urbanization is also a propelling factor supporting demand growth of coating additives during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns, which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. manufacturing units were temporarily shut down, and disruption in the supply chain was observed. This had an impact on the demand for coating additives for the first half of 2020.
Region-wise, the Asia Pacific region holds the major share of global demand for coating additives due to the increasing demand of application industries such as architecture automotive, industrial goods, wood, and furniture, etc. Moreover, increasing population and rise in per capita income is expanding the expenditure capacity in emerging economies like India and China, coupled with the growing number of products using coating additives is another factor influencing demand growth in the Asia Pacific region.
Major players for coating additives globally include Croda International Plc, Eastman Chemical Company, ANGUS Chemical Company, Dow, BASF SE, Huntsman International LLC., Royal Dutch Shell Plc, Formosa Plastics Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, Repsol, SABIC, Exxon Mobil Corporation. TPC Group, ZEON Corporation., Borealis AG, and others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of coating additives which covers production, demand and supply of coating additives market globally.
•To analyse and forecast the market size of coating additives .
•To classify and forecast global coating additives market based on application, type and regional distribution.
•To identify drivers and challenges for global coating additives market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global coating additives market.
•To identify and analyse the profile of leading players involved in the manufacturing of coating additives.
To extract data for global coating additives market, primary research surveys were conducted with coating additives manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global coating additives market over the coming years.
ChemAnalyst calculated coating additives demand globally by analyzing the historical data and demand forecast which was carried out considering imported coating additives, prices, materials used for production of coating additives. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Coating additives manufacturers and other stakeholders
•Organizations, forums and alliances related to coating additives distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as coating additives manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global coating additives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Croda International Plc, Eastman Chemical Company, ANGUS Chemical Company, Dow, BASF SE, Huntsman International LLC., Royal Dutch Shell Plc, Formosa Plastics Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, Repsol, SABIC, Exxon Mobil Corporation. TPC Group, ZEON Corporation., Borealis AG.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
Which are the major drivers for growth in demand of coating additives?
Ans:
Rise in the demand of automotive industry along with the increasing demand of other application areas such as architectural coatings, industrial goods etc. are major drivers for growth in the demand of coating additives.
Q2.
Which region holds the maximum demand share in the Global coating additives market as of 2020?
Ans:
Asia Pacific holds the major demand share of coating additives due increasing demand of the end use industries including construction and automotive. Increasing population and per capita income in emerging economies like India and China is also an influencing factor supporting demand rise in Asia Pacific.
Q3.
Do You offer a single or multi-user license?
Ans:
We offer multi-user license, which will allow three users within in your organizations to access the report at any given point of time.
Q4.
Will I get access to Analyst who has authored the report?
Ans:
Yes, you will have 24/7 access to the analyst during the subscription period.
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