Coating Additives Market Growth and Segments,2014-2020 FMI | Page 3

Report
Description
Report Description
Coating additives are added to paints and coating to augment its quality and performance.
Additives improve dispersion of solids, wetting, foam reduction, anti-catering, gloss control,
anti-chipping and UV protection of the coatings. The coatings additives can be of various types
such as acrylic, urethanes, fluoropolymers and metallic among others. Acrylic additives are the
leading product type followed by urethanes and metallic additives. Coating additives help
surfaces deal with external problems such as high temperature, abrasion, moisture, biocides and
chemicals resistance. Based on the formulations, the market for coating additives is divided into
waterborne, solvent borne and powder coatings systems.
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The main drivers for the growth of coating additives market are the growing building &
construction and automotive industries. There is a huge demand for coating additives from
building & construction industry due to increasing demand for better and superior quality
surfaces. Residential and commercial buildings are the leading end-users for coating additives
and are likely to gain higher market share in the near future owing to increased construction
activities, particularly in Asia Pacific, Eastern Europe and Latin America. Other end-users for
coating additives include wood & furniture, industrial engineering and aviation among others.
However, environmental regulations associated with the harmful effects of VOCs are expected
to be a major restraint for the market. Development of water-borne and bio-based coating
additives is likely to offer more opportunities in the near future.