Global Paint Additives Market 2017-2021

Overview of the global paint additives market

Technavio's market study identifies the rising demand for multifunctional additives to be one of the primary growth factors for the paint additives market. Multifunctional additives provide the same level of performance achieved while using individual additives. Multifunctional additives are employed in paint formulations to achieve the desired gloss, durability, and other key properties of the final applied film. The overall formulating process can be simplified using multifunctional additives that also reduces the cost. Additionally, these reduce the quantity of additives required to help the aqueous system perform well and remain in compliance with the safety standards. The market analysts estimate that the market will grow steadily at a CAGR of more than 6% by 2021.

Insulating paint additive vendors are increasingly investing in R&D activities to reduce the manufacturing and operation cost of paint additives. Vendors are increasingly focusing on new technology and innovation and product extensions to provide products with better efficiency and enhanced properties. The vendors are aiming primarily to maintain the competitive edge in the market by offering differentiated and innovative products. The increase in R&D activities is identified to be one of the key trends contributing towards the growth of the paint additives market.

Competitive landscape and key vendors

The paint additive market is highly fragmented due to the presence of several international and regional players. Domestic vendors are steadily entering the thermal paint market influenced by the growing industrialization and urbanization in the developing countries. Vendors are adopting strategies such as new product development, expansions, and M&A to strengthen their position in the market. The competition among the vendors is based on operation cost, price, economies of scale, product quality, innovation. Increase in R&D activities in terms of technology, and product development will encourage the competition among the competitors.

The leading vendors in the market are -

• Akzo Nobel
• Arkema
• Ashland
• BASF
• The Dow Chemical

The other prominent vendors in the market are ANGUS Chemical, Buckman Laboratories International, Cabot Corporation, BYK Additives & Instruments, DAIKIN INDUSTRIES, Eastman Chemical, Evonik Industries, Elementis, Dynea, K-TECH (INDIA), Lonza, Momentive, Solvay, and The Lubrizol Corporation.

Segmentation by function and analysis of the paint additives market

• Rheology modification
• Biocides 
• Anti-foaming
• Wetting & dispersion 
• Impact modification

Rheology modifiers are increasingly used in architectural, industrial, and automotive applications as they enable formulators to change the structure or flow of materials. Additionally, they also improve the viscosity and thickness of coated surfaces, in addition to, offering finish and functionality to the substrate surface.

Segmentation by application and analysis of the paint additives market

• Architectural
• Industrial
• Wood and furniture
• Automotive

Paint additives are primarily used in the residential and non-residential building as insulating paints are used to improve corrosion resistance, water resistance, thermal stability, and abrasion resistance. Construction industry is growing steadily influenced by factors such as growing global construction, improvements in the living standards of individuals, and rising urbanization.

Key questions answered in the report include

• What will the market size, market forecasting and the growth rate be in 2021?
• What are the key factors driving the global paint additives market?
• What are the key market trends impacting the growth of the global paint additives market?
• What are the challenges to market growth?
• Who are the key vendors in the global paint additives market?
• What are the market opportunities and threats faced by the vendors in the global paint additives market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global paint additives market?

Technavio also offers customization on reports based on specific client requirement.

Special ingredients that improve the performance, quality and functionality of paints and coatings are known as paint additives. This industry research report on the global paint additives market by Technavio is an integral part of the chemicals and materials portfolio and offers insights into the major trends and evolving drivers inducing the growth of the additives, adhesives, and sealants industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.