Coating Additives Market Growth Drivers
Coating additives are chemical compounds incorporated into paints, coatings, and surface treatments to enhance their properties.
WILMINGTON, DE, UNITED STATES, November 20, 2024 /
EINPresswire.com/ -- Allied Market Research recently published an extensive report on the global
coating additives market which states that the industry accounted for $10.0 billion in 2022. The study further adds that the sector is expected to gather a sum of $17.1 billion by 2032, registering a CAGR of 5.7% during 2023-2032. The report classifies the landscape into various segments based on type, function, formulation, and end-use industry. Along with this, the competitive scenario in the market is also covered using scientific analytical tools such as Porterโs five forces to aid companies in formulating comprehensive growth strategies.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
https://www.alliedmarketresearch.com/request-sample/1719
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
- What is the total revenue share of the coating additives market?
- What are the major growth drivers influencing the growth of the landscape?
- Which region is expected to have the highest CAGR in the coming period?
- What are the latest trends in the industry?
๐๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฒ๐ง๐๐ฆ๐ข๐ ๐๐๐ญ๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
Coating additives are chemical compounds incorporated into paints, coatings, and surface treatments to enhance their properties and provide specialized functionalities. Typically, these additives increase the durability, adhesion, rheology, and abrasion resistance of the coatings. The AMR report puts an emphasis on the leading growth drivers, market restraints, and investment opportunities in the industry. The study states that the increased demand for coating additives from the architectural, automotive, and industrial sectors is expected to contribute to the expansion of the market in the coming period. Additionally, the strict environmental regulations enacted by governments across the globe have impacted the growth of the landscape positively.
However, concerns related to the mixing of solid waste of paints and coatings into local sanitary sewers have restricted the growth of the market. Nonetheless, the rising demand for multifunctional additives and growing awareness regarding the advantages offered by these compounds have created favorable conditions for the growth of the sector. Furthermore, the surge in demand for water-borne and powder-based coatings for green construction projects has opened new avenues for growth in the landscape.
๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
The coating additives market has transformed significantly in the last few years due to the advancements in material sciences and the emergence of new trends. For instance, many companies operating in this sphere have invested heavily in the development of sustainable coatings. Unlike traditional chemicals which are full of volatile organic compounds, green coatings are specifically designed to reduce carbon emissions and reduce air and water pollution.
At the same time, new types of coating additives are being launched which offer high-quality abrasion and corrosion resistance. Even UV-resistant compounds have been unveiled by some leading players in the landscape, thus opening new investment opportunities. In the last few years, anti-microbial coating additives have been developed that prevent the growth of fungi, bacteria, mold, etc., on the surface. In the post-pandemic era, these products have gained significant popularity due to increased awareness about immunity and healthy living.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐๐ง๐๐ซ๐ข๐จ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The AMR report provides a holistic analysis of the leading companies operating in the industry, along with their growth strategies. The study also features interviews with the major stakeholders in the industry to help businesses understand the dynamic nature of the landscape. The key players profiled in the AMR report include:
- Dow
- CLARIANT
- Ashland
- BASF SE
- Momentive
- Evonik Industries AG
- Eastman Chemical Company
- Arkema
- LANXESS
- Solvay
In conclusion, the study on the coating additives market by AMR throws light on the various aspects of the industry to aid businesses in making the right investment decisions. The actionable data and market intelligence offered in the study help enterprises to align with the evolving industry dynamics, thereby expanding their footprint globally.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐:
https://www.alliedmarketresearch.com/coating-additives-market/purchase-options
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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