Summary

Report Overview
Global Coating Additives Market reached US$ 7.90 billion in 2023 and is expected to reach US$ 11.28 billion by 2031, growing with a CAGR of 4.55% during the forecast period 2024-2031.
The global coating additives market refers to the production and sale of chemical mixtures that are utilized to improve the performance, longevity and look of coatings. The additives are employed in the painting, varnishing and inking of products in diverse sectors such as construction, automotive, aerospace and industrial uses. The market includes various applications of additives including rheology modifiers, wetting agents, dispersing agents and defoamers. 
Continuous innovations and expansions drive the dynamic global coating additives market to meet increasing demands in various industries. In March 2023, BASF revealed intentions to increase its polymer dispersions production capacity with a second production line at its facility in Guangdong, China's Daya Bay Petrochemical Industrial Park. The market's potential and the ongoing focus on meeting global requirements for high-performance coatings are demonstrated by major players like BASF through strategic expansions.
The rapid industrialization and infrastructure growth in countries such as China, Japan and South Korea make Asia-Pacific an important player in the global coating additives market. According American Coating Association, in 2023, Asia-Pacific region consists of 50+ countries, the combined coatings production of which represents 53% of the volume and 47% of the value, of the global coatings industry.
Market Dynamics
Growing High Demand from End-Use Industries
The end-use industries such as the automotive, construction and aerospace sectors are driving the demand for the coating additives market. The industries require high-performance coatings that enhance durability, appearance and corrosion resistance. For instance, in 2022, roughly 26% increase in sales for automotive coatings in comparison to 2021, with notable technological advancements. India had the highest increase in sales at 65%, with North America and Africa close behind, each experiencing a 40% growth. 
Asia-Pacific and the EU experienced robust growth, with revenue boosts of 22% and 25% each, while Japan had a more moderate 11% increase. Similarly, BASF's coating sales in 2022 mainly come from the transportation sector, highlighting the significance of these industries in influencing the need for coating additives.
Emerging Technologies in Coating Industry
Technological advances are crucial in the coating additives sector, with companies utilizing the technology to increase their market presence. Antimicrobial coatings, UV-resistant additives and bio-based alternatives are some key innovations that have been developed. The advancements provide enhanced characteristics and long-lasting qualities, satisfying the evolving needs of customers and businesses. 
In January 2022, Bodo Möller Chemie Group and Evonik Industries joined forces to supply special binders and additives for paints, varnishes, textiles and printing inks in East Africa. The collaboration is a result of the growing demand for specialty chemicals in countries like Kenya, Uganda, Tanzania, Rwanda and Burundi. Their product offerings consist of matting agents, antistatic additives, rheology agents, defoamers, wetting agents, dispersants, silicone resins and silicone-modified binders, demonstrating the industry's emphasis on innovation and tailored solutions. 
Strict Government Regulations 
Strict government regulations are a significant restraint on the coating additives market. The regulatory push, particularly from new regulations like the EU's REACH, presents a severe challenge for coatings manufacturers. The regulations impose a stringent threshold for diisocyanate content at 0.1%. While this threshold offers an exemption from mandatory training requirements if the content is below this level, it compels manufacturers to reformulate their products to meet the new standard. It can lead to increased R&D costs and more complex production processes.
However, growth was hampered by economic difficulties, including the depreciation of the Japanese Yen and the Korean Won, which affected sales when converted to U.S. dollars. Nippon Paint was the top seller in the market, solidifying its position as the biggest paint company in Asia. One significant shift in this market sector occurred when Carpoly was acquired by Beijing New Building Materials (BNBM) in early 2024, increasing the industry's leading companies.
Market Segment Analysis
The global coating additives market is segmented based on product, formulation, application, end-user, sales channel and region.
Growth of Marine Coating Segment Driven by Increasing Shipbuilding Industry
Marine coatings play a significant role in the coating additives sector, which are driven by both new ship builds and ship repairs. Demand is bolstered by global shipping growth and a strong recovery post-pandemic. New ship builds account for about 40% of the market and is concentrated in China, South Korea and Japan dominating approximately 94% of global shipbuilding, while ship repairs focus on antifouling paints and stable pricing. 
Recent data shows a strong recovery in the shipping industry, with the global fleet size increasing by 3.2% to reach 2.2 billion deadweight tonnage (DWT) in 2022 and a further increase of 2.2% in 2023. Global sea-borne trade also rose by 40% compared to 2008, reflecting robust demand. The global fleet and sea-borne trade have expanded significantly, with major companies like CMP, Jotun and Hempel reporting impressive sales growth. The upward trend is expected to continue as new ship projects and dry-docking activities increase. 
Market Geographical Share
Emerging Sustainability and Technological Advancement Trends in Asia-Pacific 
Several factors are fueling the demand for coating additives in the region. A significant factor is the increasing focus on environmental sustainability, resulting in more stringent regulations regarding volatile organic compounds (VOCs) and dangerous substances. Manufacturers are being encouraged to come up with new ideas and create eco-friendly solutions like low-VOC, bio-based and water-based additives that support the environmental objectives of the region.
Moreover, the rising urbanization and construction activities in countries such as China and India are increasing the need for architectural coatings. The tasks necessitate the use of high-quality coatings that provide longevity and shield against natural elements. Moreover, advancements in technology regarding formulation and processing methods are enhancing the effectiveness of coating additives, leading to a rise in their usage in sectors such as automotive, industrial and furniture manufacturing.
Market Competitive Landscape
The major global players in the market include ALTANA, Arkema, BASF, Bodo Möller Chemie GmbH, Dow, Evonik Industries AG, Honeywell International Inc., Mallard Creek Polymers, Nouryon and PPG Industries, Inc.
Sustainability Analysis
The global market for coating additives is experiencing a significant shift toward sustainability as a result of stringent regulations and increasing concern for the environment. As industries encounter increasing pressure to minimize their use of hazardous chemicals and lower their carbon footprint, there is an increasing demand for ecologically friendly additives. This pattern is especially noticeable in areas such as Europe and North America, where environmental laws are the most stringent.
Water-based and environmentally friendly additives are at the forefront of sustainability. These additives reduce the adverse effects that coatings play on the environment by releasing hazardous chemicals that cause air pollution and health hazards. Furthermore, bio-based additives—which come from natural sources and can break down—are gaining popularity as environmentally beneficial alternatives to conventional chemical additives. Manufacturers trying to comply with rules and meet consumer demand for environmentally friendly products are increasingly choosing these options.
Additive technology progress is also being driven by the pursuit of sustainability. In an effort to develop new additives that perform as well as or better than conventional compounds with less in it adverse effect on the environment organizations are investing a large amount of funds in research and development. This entails developing chemicals that extend coating life, reduce on reapplication frequency and further lessen environmental effects.
Russia-Ukraine War Impact
The Russia-Ukraine war has significantly disrupted the Coating Additives market, particularly for companies specializing in auto-OEM, construction machinery and container coatings. Sanctions and geopolitical tensions have led to the loss of key customers in Russia and neighbouring countries, forcing businesses to shift focus to alternative markets. 
Additionally, supply chain disruptions have affected the availability of essential raw materials like talc, leading to production delays and increased costs. These challenges, combined with broader economic instability in the region, have dampened consumer demand and slowed growth, creating an uncertain environment for the coating additives industry in Eastern Europe.
By Product
Acrylics
Fluoropolymers
Urethanes
Metallic Additive
Others
By Formulation
Solvent-Based
Water-Based
Others
By Application
Rheology Modification
Biocides Impact Modification
Anti-Foaming
Wetting & Dispersion
Others
By End-User
Architectural
Industrial
Automotive & Transportation
Marine
Wood & Furniture
Others
By Sales Channel
Online
Offline
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa
Key Developments
In March 2023, BASF revealed plans to increase its polymer dispersions production by adding a second production line at its Daya Bay Petrochemical Industrial Park in Guangdong, China. 
In January 2022, the Bodo Möller Chemie Group and Evonik Industries formed a partnership to provide specialty binders and additives for the paint, varnish, textile, leather and printing ink industries in East Africa, specifically targeting Kenya, Uganda, Tanzania, Rwanda and Burundi. Their offerings include matting agents, antistatic additives, rheology agents, defoamers, wetting agents, tackifying agents, dispersants, silicone resins and silicone-modified binders. 
In 2021, ALTANA’s BYK expanded its capabilities with a high-throughput screening plant in Wesel, Germany, featuring the world's largest Flexshuttle facility, effectively doubling its application technology capacity. 
In 2022, BASF increased its production of hindered amine light stabilizers (HALS) at its facilities in Pontecchio Marconi, Italy and Lampertheim, Germany, to address the rising demand for light stabilizers in durable coatings and ensure a reliable global supply chain. 
Nouryon introduced Thioplast EPS 35 in 2021, a new solution designed to enhance the performance of coatings and adhesives in challenging environments across the construction, automotive, aerospace, marine and energy sectors.
Why Purchase the Report?
To visualize the global coating additives market segmentation based on product, formulation, application, end-user, sales channel and region.
Identify commercial opportunities by analyzing trends and co-development. 
Excel data sheet with numerous data points of the coating additives market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.
The global coating additives market report would provide approximately 62 tables, 75 figures and 77 pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

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Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Product
3.2. Snippet by Formulation
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Sales Channel
3.6. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Growing High Demand from End-Use Industries
4.1.1.2. Emerging Technologies in Coating Industry
4.1.2. Restraints
4.1.2.1. Strict Government Regulations
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Product
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
7.1.2. Market Attractiveness Index, By Product
7.2. Acrylics
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Fluoropolymers
7.4. Urethanes
7.5. Metallic Additive
7.6. Others
8. By Formulation
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
8.1.2. Market Attractiveness Index, By Formulation
8.2. Solvent-Based
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Water-Based
8.4. Others
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Rheology Modification
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Biocides Impact Modification
9.4. Anti-Foaming
9.5. Wetting & Dispersion
9.6. Other
10. By End-User
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.1.2. Market Attractiveness Index, By End-User
10.2. Architectural
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Industrial
10.4. Automotive & Transportation
10.5. Marine
10.6. Wood & Furniture
10.7. Other
11. By Sales Channel
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.1.2. Market Attractiveness Index, By Application
11.2. Online
11.2.1. Introduction
11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Offline
12. Sustainability Analysis
12.1. Environmental Analysis
12.2. Economic Analysis
12.3. Governance Analysis
13. By Region
13.1. Introduction
13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
13.1.2. Market Attractiveness Index, By Region
13.2. North America
13.2.1. Introduction
13.2.2. Key Region-Specific Dynamics
13.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
13.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sales Channel
13.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.2.8.1. U.S.
13.2.8.2. Canada
13.2.8.3. Mexico
13.3. Europe
13.3.1. Introduction
13.3.2. Key Region-Specific Dynamics
13.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
13.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sales Channel
13.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.3.8.1. Germany
13.3.8.2. UK
13.3.8.3. France
13.3.8.4. Italy
13.3.8.5. Spain
13.3.8.6. Rest of Europe
13.4. South America
13.4.1. Introduction
13.4.2. Key Region-Specific Dynamics
13.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
13.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sales Channel
13.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.4.8.1. Brazil
13.4.8.2. Argentina
13.4.8.3. Rest of South America
13.5. Asia-Pacific
13.5.1. Introduction
13.5.2. Key Region-Specific Dynamics
13.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
13.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sales Channel
13.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
13.5.8.1. China
13.5.8.2. India
13.5.8.3. Japan
13.5.8.4. Australia
13.5.8.5. Rest of Asia-Pacific
13.6. Middle East and Africa
13.6.1. Introduction
13.6.2. Key Region-Specific Dynamics
13.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
13.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Formulation
13.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
13.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sales Channel
14. Competitive Landscape
14.1. Competitive Scenario
14.2. Market Positioning/Share Analysis
14.3. Mergers and Acquisitions Analysis
15. Company Profiles
15.1. ALTANA*
15.1.1. Company Overview
15.1.2. Type Portfolio and Description
15.1.3. Financial Overview
15.1.4. Key Developments
15.2. Arkema
15.3. BASF
15.4. Bodo Möller Chemie GmbH
15.5. Dow
15.6. Evonik Industries AG
15.7. Honeywell International Inc.
15.8. Mallard Creek Polymers
15.9. Nouryon
15.10. PPG Industries, Inc. (*LIST NOT EXHAUSTIVE)
16. Appendix
16.1. About Us and Services
16.2. Contact Us