Skyrocketing demand from a multitude of industries, ranging from architecture to automotive, is a key factor fuelling coating additives sales. According to the study, growing focus on quality is driving demand for coating additives in manufacturing processes. These insights are according to a latest Fact.MR study that projects a bullish run for coating additives market. According to the study, demand for coating additives is likely to reach 1.3 Mn tons by 2018-end, up from 1.2 Mn tons in 2017.
Acrylic Based Coating Retains its Buoyancy Owing to Performance-driven Requirements
As per the report, acrylic based coating additives will remain the top-selling product type. The popularity of acrylic based coating additive can be accredited to its competency in enhancing product properties and optimizing production processes. Urethane and fluoropolymer are the other top-selling additive types.
According to the research study, demand for rheology coating additives is likely to reach 449,000 tons in 2018. With the rising demand for low-VOC or VOC-free waterborne coating systems, the rheological additives are witnessing revved up adoption. Dispersant additives trail the former as the second most preferred function type and offering prime opportunities for the market players to take into consideration.
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The waterborne coating remains the highly sought-after formulation, followed by solvent based coating and powder coating. Waterborne coatings are being increasingly sought on the back of their competency to offer great resistance to heat as well as abrasion. Moreover, architectural coatings maintain their lead as the largest application segment and the booming number of infrastructure-related projects extrapolate the same.
“Robust demand for coatings is poised to be registered from the architectural and industrial applications over the upcoming years. This, in turn, will translate into a significant surge in demand for additives in terms of performance enhancement requirements”, Senior Analyst, Fact.MR
The thriving commercial and residential construction activities in Asia-Pacific have been spurring the sales of coating additives, making it the most remunerative region for the market stakeholders from an investment-making standpoint. The flourishing automotive sector in the region is also triggering the clamor for high-performance coating additives, finds the Fact.MR study.
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Coating Additives Market Remains a Consolidated Landscape
The report also indicates that innovative products such as multifunctional additives, silicone based additives, and green coating additives are expected to witness a spike in demand, giving a major boost to the overall growth of coating additives market. According to the research study, product developments and technological innovations remain the key facets boosting the bottom lines of companies operating in the market space. Moreover, moderate pricing and diverse product portfolio are anticipated to be the major factors driving the industry over the foreseeable future.
According to the Fact.MR study, the coating additives market remains a consolidated landscape and portrays the reign of leading players with strong product portfolios. The tier 1 players in the coating additives market have been identified to hold approximately 45-50% revenue share and remain highly focused on go-to market strategies aimed for reaching out to the customer segments in a much more efficient manner.
Tier 2 players are focused on development of unique and exclusive products and commercialization of the same at competitive price points to gain substantial revenue benefits. The market players falling into the tier 3 category are shifting their focus toward strategic alliances and partnerships with leading industry giants for affluent expansion. In addition to that, long-term contracts with the domestic manufacturers or suppliers have also been identified to be a key differential move to tackle volatile pricing as well as uninterrupted supply.
The Fact.MR report offers a top-to-bottom research on the growth potential of coating additives market over the forecast period of 2018 to 2027. As per the report, the coating additives market is poised to expand at a volume CAGR of more than 3.5% over the forecast period.
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Table of Contents Covered in the report are:
1. Executive Summary
1.1. Summary of Key Findings
1.2. Summary of Statistics
1.3. Fact.MR Analysis and Recommendations
1.4. Global Coatings Additives Market – Wheel of Fortune (Opportunity Assessment)
1.5. Global Coatings Additives Market – Mega Trends
2. Global Coatings Additives Market Overview
2.1. Global Coatings Additives Market Definition
2.2. Research Scope
2.3. Global Coatings Additives Market Size (US$ Mn & Volume (‘000 Tonnes) (‘000 Tonnes)) and Forecast, 2013-2027
2.3.1. Global Coatings Additives Market Y-o-Y Growth
3. Associated Indicators Assessment
3.1. Market Dynamics
3.1.1. Key Drivers and Trends
3.1.2. Market Challenges
3.2. Value Chain
3.3. Coating Additives Supply Analysis and Logistics
3.4. Cost Breakdown Analysis
3.5. Pricing Analysis
3.6. Key Affecting Factors
3.7. PEST Analysis
3.8. Investment Feasibility Matrix
3.9. List of Distributors
3.10. Coatings Additives Market – Opportunity Analysis
3.11. Coatings Additives Market – Market Positioning Assessment by Regions
4. Demand Supply Outlook
4.1. Production Capacity Analysis
4.2. Consumption Trends
4.3. Trade Assessment
5. Global Coatings Additives Market Analysis and Forecast 2013-2027
5.1. Coatings Additives Market Analysis – Forecast Scenario
5.1.1. Coatings Additives Market Analysis – Forecast Factors
5.2. Global Coatings Additives Market Size and Forecast By Product Type, 2013-2027
5.2.1. Acrylic Based Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume (‘000 Tonnes) (‘000 Tonnes) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
5.2.2. Urethane Market Size and Forecast, 2013-2027
126.96.36.199. Revenue (US$ Mn) & Volume (‘000 Tonnes) (‘000 Tonnes) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
5.2.3. Metallic Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume (‘000 Tonnes) (‘000 Tonnes) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
5.2.4. Fluoropolymers Market Size and Forecast, 2013-2027
126.96.36.199. Revenue (US$ Mn) & Volume (‘000 Tonnes) (‘000 Tonnes) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
5.2.5. Others (Silicone, Mineral Oils, Waxes etc) Market Size and Forecast, 2013-2027
220.127.116.11. Revenue (US$ Mn) & Volume (‘000 Tonnes) (‘000 Tonnes) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region