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Paint Additives Market

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Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Paint Additives Market is Anticipated to Grow US$ 9,000 Mn by 2022-end" report to their offering.
Paint Additives Market is Anticipated to Grow US$ 9,000 Mn by 2022-end
The global market for paint additives is highly fragmented, with presence of several
regional and international players. A number of domestic vendors have been observed to
enter the market, influenced by rapid growth in urbanisation and industrialization in
emerging economies. These vendors are competing on the basis of innovation, product
quality, price, operation cost, and economies of scale for strengthening their position in the
market.
A latest research by Future Market Insights (FMI) projects the global market for paint
additives to exhibit a moderate 4.8% CAGR during the forecast period 2017 to 2022.
Revenues from the global paint additives market will reach nearly US$ 9,000 Mn by 2022end.
Huge investments are being made by vendors of insulating paint additives in research &
development activities, with an aim of reducing the cost associated with manufacturing and
operation. Vendors are also concentrating on product extensions and new technologies, to
develop highly efficient products with enhanced properties. Innovation and product
differentiation are primarily adopted strategies by vendors in the market to maintain their
presence in the market. These factors might influence expansion of paint additives market
across the globe. In addition, rapid economic expansion in developing countries has led
toward a rise in industrial activities and architectural construction. This has further fuelled
adoption of paints, thereby creating huge demand for paint additives.
Although environmental regulations have kept expansion of the paint industry in check,
manufacturers of paints are endlessly stressing on reformulating their products, which in
turn is driving demand for novel additives. Surging demand for multifunctional additives is
another major factor favouring growth of the global paint additives market. Utilised in paint
formulations, multifunctional additives offer performance level similar to that of individual
additives. Multifunctional additives reduce the cost, and simplify the formulating process,
and help aqueous solutions to perform well and remain compliant with safety standards.
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Architectural sector is the major end-user of paint additives and will continue to dominate
the market, in terms of revenues. Rising construction of residential and commercial
buildings, especially in emerging regions, will drive demand for paint additives, as they
improve corrosion resistance, abrasion resistance, thermal stability, and water resistance.
Growing urbanization, improving living standards of population worldwide, and growth in
construction activities are factors fuelling adoption of paint additive in the architectural enduse industry.
Sales of paint additives will witness the fastest expansion in anti-foaming, and biocides
impact modification applications. In addition, sales of paint additives for application in
wetting & dispersion, and rheology modification are expected to register a parallel
expansion through 2022. Wetting & dispersion is expected to remain the least lucrative
application of paint additives over the forecast period.
By formulation type, although solvent-based paint additives are poised to remain preferred
in the market, demand for water-based paint additives will gain significant traction among
end-users in the near future. Demand for solvent-based paint additives is expected to
witness a fall, owing to rising environmental regulations, which in turn is driving adoption of
water-based paint additives. However, revenue share of solvent-based paint additives in
the market will remain relatively larger during 2017 to 2022.
Acrylics are expected to remain sought-after among products in the global paint additives
market, followed by fluoropolymers. Sales of fluoropolymers and acrylics are expected to
exhibit similar CAGRs in the market through 2022. In addition, sales of acrylics is expected
to account for nearly US$ 2,500 Mn revenues by 2022-end.
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Europe is expected to remain the largest market for paint additives, in terms of revenues.
The paint additives market in Asia-Pacific excluding Japan (APEJ) is expected to create an
absolute $ opportunity of nearly US$ 400 Mn between 2017 and 2022. The market in
Japan is projected to register a relative faster expansion than all remaining regional
segments included in the report.
FMI’s report has listed key leading companies manufacturing paint additives, which include
Daikin Industries, Ltd., Lonza Group AG, Arch Chemicals, Evonik Industries AG, Dow
Chemical, Asahi Glass Co., Ltd., BYK-Chemie GmbH, BASF SE, Ashland Global
Holdings, Inc., Arkema SA, and Akzo Nobel NV.
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ashutosh
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