Global Coating Additive Market Demand, Technology Advancement and Future Scope Till 2028

According to the research report titled ‘Global Coating Additive Market 2022-2028’, available with MarketStudyReport, global coating additive market is estimated to garner a CAGR of 5.1% during the forecast period and attain a valuation of USD 10,918 million by the end of 2028.

The determinants contributing to the expansion of global coating additive market include rising number of applications in end-user sectors, industrial expansion in the Asia-Pacific region, and rising preference for eco-friendly products.

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Furthermore, rising popularity of multifunctional additives, and growing demand for water-borne and powder-based coating additives to promote green construction are also favouring the development of the market.

Apart from a comprehensive overview of growth drivers, the study also evaluates the restraints and bottlenecks present in the industry sphere, along with the plausible solutions that will assist stakeholders in accumulating better profits.

The research scrutinizes the market situation based on the historical data from 2018 to 2021, together with a comprehensive overview of products, end-users, and regional panorama, to precisely evaluate the developmental pattern from 2022 to 2028.

Based on the product type, global coating additive market is split into wetting & dispersing additives, rheology modifiers, defoamers, antimicrobial additives/biocides, and others. Among all, the rheology modifiers segment accounted for a significant percentage of the overall revenue generated in 2021 and is anticipated to attain decent valuation by 2028.

Concerning chemistry, the market segmentation includes urethane, fluoropolymer, epoxy, acrylic, and others. Speaking of coating formulation, the industry is bifurcated into the waterborne coating, solvent-borne coating, and powder formulation. Analysing the market with respect to end-users like industrial, furniture, building & construction, automotive, aerospace, and others.

Regionally, the report studies industry trends like profitable opportunities and prospects for amplifying revenues across North America, Europe, and Asia Pacific.

Lastly, the research recognizes and evaluates the profiles of prominent organizations contributing toward the growth of global coating additive industry such as The Lubrizol Corporation, Solvay S.A., Evonik Industries AG, Double Bond Chemical Industry Co. Ltd., Cabot Corporation, Arkema S.A., Akzo Nobel N.V., The Dow Chemical Company, Sherwin-Williams Company, Eastman Chemical Company, Daikin Industries Ltd., BASF SE, and ALTANA AG (BYK Additives & Instruments) among others.

Questions and answers: Global Coating Additive Market

Q1: What are the prime growth catalysts of global coating additive industry?

Answer:  Rising number of applications in end-user sectors, industrial expansion in the Asia-Pacific region, and rising preference for eco-friendly products favoring the development of the market.

Q2: How is global coating additive marketplace likely to perform during 2022-2028?

Answer: Worldwide coating additive market is estimated to garner a CAGR of 5.1% during the forecast period and attain a valuation of USD 10,918 million by the end of 2028.

Q3: Which are the top-notch organizations in global coating additive industry?

Answer: The Lubrizol Corporation, Solvay S.A., Evonik Industries AG, Double Bond Chemical Industry Co. Ltd., Cabot Corporation, Arkema S.A., Akzo Nobel N.V., The Dow Chemical Company, Sherwin-Williams Company, Eastman Chemical Company, Daikin Industries Ltd., BASF SE, and ALTANA AG are key market players.

For more details on this report:

https://www.marketstudyreport.com/reports/global-coating-additive-market-2022-2028/?utm_source=Marketwatch.com&utm_medium=SK

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