Supportive environmental regulations for low VOC coating additives and rise in number of applications in several end-user industries drive the growth of the global coating additives market.
Some ruling enterprises in the global coating additives market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global coating additives industry include BASF, Solvay, BYK Additives & Instruments, Clariant, Arkema, Dow Chemical Co.
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As per the report, the global coating additives industry was accounted for $9.0 billion in 2020, and is expected to reach $15.0 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.
COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The coating additives market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the coating additives market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the coating additives market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The rheology modification segment held the major share in 2020, generating nearly one-fourth half of the global coating additives market, owing to increase in usage of rheology additives as it provides film thickness, increases viscosity of finished products, and improves elastic properties of coatings. The same segment is also projected to cite the fastest CAGR of 5.8% during the forecast period.
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The market across Asia-Pacific, followed by Europe and North America, accounted for the major share in 2020, contributing to around half of the global coating additives market. This is because Asia-Pacific has a large consumer of coating additives. The same region is also expected to cite the fastest CAGR of 6.1% throughout the forecast period.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the coating additives market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the coating additives market
- Post-sales support and free customization
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