Coating Additives Market Size to grow by USD 3331.68 million between 2023-2027

Technavio, a leading provider of market research reports, has released its latest study on Coating Additives Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The coating additives market is a significant segment of the global specialty chemicals industry, which encompasses businesses specializing in high-value-added chemicals utilized in the production of various products, such as additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the global specialty chemicals market is estimated to grow due to the increasing demand for specialty adhesives and sealants, which are essential components in numerous industries, including automotive, construction, and electronics. This trend is expected to significantly contribute to the expansion of the global specialty chemicals market during the forecast period. - The Coating Additives Market is experiencing significant growth, fueled by the . Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increased demand for paints and coatings with functional benefits
  • Growing automotive industry in APAC
  • Volatile raw material prices of coating additives
  • Increasing stringency of regulations related to solvent-based coating additives
• Growth Projections

The market size is estimated to grow by USD 3331.68 million, at a CAGR of 5.86% during the forecast period. The global coating additives market is witnessing a surge in demand for eco-friendly and sustainable solutions, driven by increasing consumer awareness and regulatory requirements. Bio-based resins and polymers are gaining significant traction, with numerous research studies identifying their commercial applications in this sector. In developed regions, stringent environmental regulations are fueling the growth of the bio-based and sustainable coating additives market. The US and Europe, in particular, are leading markets for bio-based, recyclable, and renewable coating materials. Additionally, the food and pharmaceutical industries' growing focus on environmental and regulatory compliance is driving the consumption of bio-based polymer coating additives in food packaging and consumer goods.

For insights on company offerings- Request a sample report!

• Regional Insights

The Asia Pacific (APAC) region is projected to dominate the global coating additives market, accounting for a significant market share through the forecast period. This growth can be attributed to the burgeoning industries in APAC, including construction, automotive, and aerospace and defense. Key contributors to the regional market expansion include China, India, Japan, and Australia. The automotive sector, in particular, is witnessing a surge due to the establishment of manufacturing bases by companies such as General Motors and Ford, attracted by the region's low-cost labor and favorable business environments. Governments in countries like India are also encouraging investment through initiatives such as Make in India, FDI, funding, and loans. Indonesia, Malaysia, and Thailand are providing tax subsidies to further boost automotive manufacturing growth.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/