Coating additives are chemical formulations which are mixed with paints or coatings to improve their workability by enhancing their performance. These additives are used for variety of purposes which include better stabilization, wettability, dispersion of coatings and many more. The main factors owing to the growth of this industry include an upsurge in the building and infrastructure, furniture and automotive industries. Another important reason for the rise in coating additives industry is the property of protection of industrial metals from corrosion. New additives are being invented for this purpose. There are different technologies and materials being used for achieving this purpose; UV curing coatings is one important evolution in this field.
The coating additives market has been segmented in to different segments such as formulation, type, application and geography exclusively. While there are many different components and additives in the industry, the classification of additives based on the formulation of coatings is done into the following classes; water based systems, solvent based systems, powder based systems and radiation cured systems. Based on the types of additives commercially available, the market is categorized in to various categories such as defoamers, dispersing agents, rheology agents, wetting agents, surface modifiers, slip or slid resistant, preservatives and others. Each type varies greatly and the composition is different with different technical specifications. The major chemicals being used in this industry are sulphurized or chlorinated compounds, ketones, acrylics, polyglycols, esters polyamides, alcohols and many more. Coatings additives are being used in different applications. The key user segments include, aerospace coating, architecture coating, automotive coating, marine coating, paper and pulp coating, special purpose coating, and wood coating.
The overall coating additives market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented into four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.
