The
global paint additives market size is expected to reach
USD 10.9 billion by 2025, according to a new report by Grand View Research,
Inc., exhibiting a CAGR of 6.0% during the forecast period. The industry is
driven by growing demand from industrial and architectural segments. Paints and
coatings are used in a wide range of applications in industries such as oil and
gas, marine, aerospace, cookware and household, furniture, machinery, and
automotive.
Currently,
an increasing number of industry participants are moving toward manufacturing
“green paints” - environment-friendly paints with zero volatile organic
compound. This trend is primarily owing to a shift in consumer preferences,
influenced by stringent regulatory policies. These aspects are expected to
positively influence the market over the forecast period.
Increase
in construction spending in emerging economies is expected to boost demand for
various types of paints and coatings in the buildings and construction segment,
consequently driving demand for paint additives. Surge in demand for paints and
coatings, particularly powder-based coatings, is expected to benefit the
overall product sector.
In
terms of revenue, the architectural application segment held the largest share
in 2016, accounting for 38.1% of the industry revenue that year. Increased use
of waterborne paints and coatings in the construction sector is expected to
fuel segment growth over the coming years, owing to the eco-friendly nature of
these products.
Rise
in demand for bio-based products and sustainable solutions, including
amendments in regulations in the recent past, are major factors increasing the
use of paints and coatings in various segments of the industry. Any change in
government regulations and additive norms, especially regarding personal care
and homecare products, is expected to significantly impact the economy of the
market.
Browse full
research report on Paint Additives Market: www.grandviewresearch.com/industry-analysis/paint-additives-market
Further
key findings from the report suggest:
- The paint additives market was estimated at USD
6.5 billion in 2016 and is projected to expand at a CAGR of 6.0% from 2017
to 2025, mainly owing to increasing demand from industrial and
architectural applications
- The architectural application segment is
anticipated to register the highest CAGR of 7.1% from 2017 to 2025, on
account of growing construction activities in developing countries,
particularly in Asia Pacific and Central and South America
- Rheology modifiers emerged as the largest
product segment in terms of revenue in 2016; the segment is estimated to
reach close to USD 3.0 billion by 2025
- The industry in Asia Pacific is projected to
witness substantial growth over the next eight years owing to thriving
construction, automotive, and marine industries. In terms of revenue, the
regional market is expected to exhibit a CAGR of 6.9% from 2017 to 2025
- Key players such as AkzoNobel N.V.; Arkema
S.A.; BASF SE; Evonik Industries; Ashland Global Holdings Inc.; ANGUS
Chemical Company; and Buckman Laboratories International, Inc. dominate
the global market for paint additives.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global paint additives market on
the basis of product, application, and region:
Paint
Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Rheology
modifiers
- Biocides
- Anti-foamers
- Wetting
& dispersion agents
- Others
Paint
Additives Application Outlook (Volume, Kilotons; Revenue, USD Million,
2014 - 2025)
- Architectural
- Industrial
- Wood
& furniture
- Automotive
- Others
Paint
Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-paint-additives-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, we
offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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