Global Waterborne Coating Additives Market
Global Waterborne Coating Additives Market size was valued at US$ 60.59 Bn in 2019 and the total revenue is expected to grow at 4.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
The global Waterborne Coating Additives market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Waterborne Coating Additives report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Waterborne Coating Additives Market Overview:
Development in infrastructure activities and rising product usage in architecture, automotive, and transportation sectors are the key factors that drive the global waterborne coating additives market size.
Global Waterborne Coating Additives Market Dynamics:
Growing demand from various industries including automotive, transportation, and general industries is expected to drive the global waterborne coating additives market growth during the forecast period. This growth is attributed to properties like 80 % water as a solvent and low VOC emissions such as coverings are commonly favored.
The primary raw materials are used for the improvement of waterborne coatings including pigments, synthetic resins, additives, and surfactants. These raw materials are used to manufacture various types of waterborne layers and used in a wide range of applications including car-producing and automotive, metal-protective, architectural, construction, aerospace, marine, wood-processing, and other applications.
Rising acceptance of waterborne coatings in emerged regions across the globe contribute to the waterborne coating additives market demand. Several regulations have been imposed by governments against the usage of solvent-borne coatings, which emit harmfully VOC resulted in waterborne coatings which are rapidly growing in the global coatings market. Thus, strict regulations regarding the applications of environmentally-friendly coatings in emerged economies are some of the factors that propel the waterborne coating additives market demand.
Global Waterborne Coating Additives Market Segment Analysis:
By Product, the waterborne coating additives market is segmented into wetting & dispersion agents, defoaming, rheology modifier, and flow additives. Rheology modifier led the market in 2019 and is expected to hold a prominent market during the forecast period. The rising demand for wetting and dispersion additives for preventing flocculation of the dispersed particles in coatings is further propels the market demand during the forecast period. The wetting and dispersion additives segment includes acrylic copolymers, maleic anhydride copolymers, polyacrylate salts, fatty acid, and fatty alcohol derivatives, and alkylphenol ethoxylates.
Global Waterborne Coating Additives Market
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Increasing demand for waterborne coating additives in wood, architectural, and furniture coatings is expected to drive the market during the forecast period. Defoaming product is used to prevent foam formation during processing and to destroy the existing foam.
By Application, the Global Waterborne Coating Additives market is segmented into industrial, architectural, and others. The architectural application segment witnessed significant growth during the forecast period. Rising infrastructure activities are driving the segment demand. Architectural applications in infrastructure activities like doors, windows frames, trims, interior, and exterior and wood varnishes, the waterborne coating is used as decorative coatings.
Global Waterborne Coating Additives Market
Global Waterborne Coating Additives Market Regional Insights:
Europe is dominating the Waterborne Coating Additives Market
Europe held the largest market share of more than 40% in terms of volume in 2019. Europe was the largest regional market. The huge manufacturing base of waterborne coatings, coupled with early commercialization of the finished products in countries of the U.K., Germany, France, and Italy, thanks to high product demand. Stringent government norms regarding VOC and toxic content in conventional synthetic coatings have led to high demand for waterborne counterparts.
North America and Asia Pacific is expected to dominating the Waterborne Coating Additives Market
North American market held more than 14.8% share in terms of revenue in 2019. Strict government rules to lower VOC content in paints & coatings are expected to boost market demand. Rising automobile demand, along with the development of new industries is further propelling the waterborne coatings additives demand during the forecast period.
The rising automotive industry in emerging economies like Japan, India, China, and Thailand is expected to drive the market demand during the forecast period in the region. Growth in car manufacturing is expected to increase the use of waterborne coatings in China, Indonesia, Malaysia, Mexico, and Germany. Furthermore, growing construction activities are further boosting demand for these coatings in developing countries in the Near East and Asia-Pacific.
The objective of the report is to present a comprehensive analysis of the Global Waterborne Coating Additives market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Waterborne Coating Additives market dynamics, structure by analyzing the market segments and project the Global Waterborne Coating Additives market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Waterborne Coating Additives market make the report investor’s guide.
Global Waterborne Coating Additives Market Scope: Inquire before buying
Global Waterborne Coating Additives Market
Global Waterborne Coating Additives Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Waterborne Coating Additives Market Key Players
• AkzoNobel
• Evonik
• BASF
• Byk
• Harmony Additive
• Dow Coating Belami Fine Chemical
• Allnex
• Huber Engineered Materials
• Falcon Technologies
• Shah Patil and Co.
• Troy Corp
• KaMin LLC
• Lubrizol Advanced Materials
• Taminco
• Others
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