Paint Additives Market Size & Share, Global Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Paint Additives Market


The global paint additives market size was estimated at USD 6.5 billion in 2016. The market is majorly driven by growing demand from industrial and architectural end-use verticals. There has also been an increase in the usage of paints and coatings in the construction as well as the automotive sectors, due to favorable solvent properties. Increased spending on construction activities and surge in auto sales, especially in emerging countries of Asia Pacific, is expected to fuel demand for paints and coatings, which will have a positive impact on demand for paint additives over the forecast period. 
 
Raw materials form an integral part of this industry and the cost of end products is dependent on the cost of these materials.Regional regulatory activities have a significant impact on raw material prices and availability. Another crucial factor affecting raw materials is the crude oil market. Most raw materials used to manufacture paint additives are derivatives of crude oil, such as epoxies, polyesters, and polyurethanes. These products are used in a variety of applications, including wood and furniture, automotive, industrial, and architecture. 
Growing need for environment-friendly paints and coatings that comply with domestic and international norms has led players in the market to invest in extensive research and development. Development of low and no-VOC coatings is driving industry growth.Regulatory frameworks governing this market include the European Union (EU), National Institute for Occupational Safety and Health (NIOSH), and Occupational Safety and Health Administration (OSHA). Regulations laid down by these authorities specify the chemical and physical dangers of various types of raw materials and general requirements for their storage and usage.
The growth of the paints and coatings industry is also highly dependent on economic growth of a region. While U.S., Japan, and Europe are some of the more mature markets for paints and coatings, Asia Pacific offers numerous opportunities for growth. Mature markets owe their growth to higher demand in the architectural and industrial segments.

Market Segmentation, Outlook & Viewpoint: Global Paint Additives Market


Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Rheology modifiers

Biocides

Anti-foamers

Wetting & dispersion agents

Others


Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

Architectural

Industrial

Wood & furniture

Automotive

Others


Key Players, Recent Developments & Regional Insights: Global Paint Additives Market


Aluminum stearate, epoxies, and polyesters are some of the key raw materials used to manufacture products such as rheology modifiers, biocides, anti-foamers, and wetting and dispersion agents, all of which are used as paint additives. These additives are used in a variety of applications in architectural, industrial, wood and furniture, and automotive sectors.
Rheology modifiers accounted for over 28.0% of the global industry revenue in 2016.Rheological additives are key ingredients used in inks, coatings, and paints to control and adjust the properties and characteristics of fluid products. These modifiers reduce splattering and dripping of liquid products during application and are hence immensely popular.
Application Insights
The architectural segment held the dominant share in the paint additives market. Architectural coatings are used in buildings and houses as deck finishers, roof coatings, and wall paints, and ongoing expansion of the building and construction sector across the globe is expected to propel demand for these coatings through 2025. In addition, rising demand for green coatings to be used in interiors is expected to positively impact product demand over the forecast period.
Increased new home construction and remodeling projects in U.S. and other countries is expected to propel demand for architectural coatings. In addition, increase in consumer disposable incomes has raised the demand for higher-quality, premium, and specialty coatings for both interior and exterior projects. This is expected to boost the market in the coming years.

Regional Insights
Asia Pacific led thismarket in terms of revenue in 2016 and this trend is expected to continue over the forecast period. Additives are widely used in water-based paints and coatings. Water-based coatings have greater elasticity than solvent-based ones. Growing demand for the former in various end-use industries such as automotive and construction has been observed in developing economies such as India, China, and Malaysia. This is expected to positively impact product demand over the forecast period.
 
Asia Pacific is also expected to be the fastest-growing market during the forecast period. Rapid growth of the commercial and residential construction sector is expected to propel demand for the product over the forecast period. The expansion of the automotive sector is also slated to impact product demand. Improving standards of living, coupled with growing disposable income, has led to increased purchase of vehicles among consumers, which in turn, is expected to fuel the automotive coatings segment over the forecast period.
Paint Additives Market Share Insights
Key players in the global market include AkzoNobel N.V.; Arkema S.A.; BASF SE; Evonik Industries; Ashland Global Holdings Inc.; ANGUS Chemical Company; and Buckman Laboratories International, Inc. The presence of these players has intensified industry competition. Paint additive manufacturers have increased their production capacities over the years to meet growing demand from various application industries. In addition, a few companies have acquired other entities or merged with each other to enhance their product offerings and expand their global reach.

Key Insights Covered: Global Paint Additives Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Paint Additives industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Paint Additives industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Paint Additives industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Paint Additives industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Paint Additives industry.

Research Methodology: Global Paint Additives Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other