Paint Additives Market Worldwide Industry Analysis and Overview by 2023

Paint Additives Market Research ReportGlobal Forecast to 2023

Paint Additives Market Report: Market Key Player Some of the prominent key players operating in the paint additives market are Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd. Paint Additives Market Report: Overview Global Paint Additives Market Information: By Product Type (Rheology Modifiers, Biocides), Application (Architectural, Industrial, Automotive, Industrial, Wood & Furniture), Region: Forecast Till 2023

Paint additives are special ingredients used for enhancing the functional performance and the quality of the paints. These additives modify the viscosity, impact resistance, anti-chipping, foam reduction, and gloss control in paints and thereby increase the efficiency. The global paint additive market is estimated to grow at a CAGR of over 6.4% during the assessment period, 2018–2023.

Paints and coatings are extensively used in various industries ranging from oil and gas to automotive. Furthermore, growing inclination to green paint is a major opportunity for the market and is expected to generate a substantial revenue during the review period. However, strict environmental regulations regarding the VOC content in paints is expected hinder the growth of the global market.

Paint Additives Market Report: Geographical Analysis Based on the region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific Region: Asia Pacific was leading the paint additives market in 2017 and is expected to grow at a significant rate during the review period with construction and automobile industry.

North America Region:

North America emerged as the second largest market in 2017 owing to the presence of major paint and coating manufacturers. Furthermore, the burgeoning automobile industry coupled with increased spending on construction activities is likely to propel the market growth.

Europe Region: Europe is a prominent region in the global paint additives market with growing paint and coatings industry as a result of rising construction spending in Germany. However, the strict EU regulations in the region are expected to restrict the market growth to some extent.

Latin America and the Middle East & Africa Region: Latin America and the Middle East & Africa are emerging markets, which are likely to show healthy growth during the review period. The growing industrialization in this region is projected to drive the growth of the paint additives market.

Paint Additives Market Report: Application Application of the market is segregated into architectural, industrial, wood and furniture, automotive and others. The architectural application segment accounted for the largest market share owing to increasing demand for the residential and commercial building. Architectural coatings are used in roofs, walls, and deck finishes among others. Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.