Market Size of Paints and Coatings Additives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.79 Billion |
| Market Size (2029) | USD 10.57 Billion |
| CAGR (2024 - 2029) | 3.76 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Paints and Coatings Additives Market Analysis
The Paints and Coatings Additives Market size is estimated at USD 8.79 billion in 2024, and is expected to reach USD 10.57 billion by 2029, growing at a CAGR of 3.76% during the forecast period (2024-2029).
COVID-19 negatively impacted the market for paints and coatings additives in 2020. However, with the resumption of work in major end-user industries, the market is estimated to grow steadily in the coming years.
- The increased demand for architectural coatings is the major factor driving the market studied.
- Conversely, rising environmental regulations are expected to hinder market growth.
- Increasing demand for rheology modifiers in various industries will likely be an opportunity.
- Asia-Pacific dominated the global market, with the largest consumption in China and India.
Paints and Coatings Additives Industry Segmentation
Additives are a small number of raw materials added to paints or coatings to enhance properties. The market is segmented based on type and application. The market is segmented by type into biocides, dispersants and wetting agents, defoamers and deaerators, rheology modifiers, surface modifiers, stabilizers, flow and leveling additives, and other types. The market is segmented by application into architectural, wood, transportation, protective, and other applications. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts are based on revenue (USD) for all the above segments.
| Type | |
| Biocides | |
| Dispersants and Wetting Agents | |
| Defoamers and Deaerators | |
| Rheology Modifiers | |
| Surface Modifiers | |
| Stabilizers | |
| Flow and Leveling Additives | |
| Other Types |
| Application | |
| Architectural Paints and Coatings | |
| Wood Paints and Coatings | |
| Transportation Paints and Coatings | |
| Protective Paints and Coatings | |
| Others Applications |
| Geography | |||||||
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Paints and Coatings Additives Market Size Summary
The Paints and Coatings Additives Market is poised for steady growth over the forecast period, driven primarily by the increasing demand for architectural coatings. This segment encompasses additives used in commercial and residential building projects, enhancing various properties such as pigment stabilization and surface wetting. The market's expansion is supported by the recovery of major end-user industries post-COVID-19, although it faces challenges from rising environmental regulations. Opportunities are emerging from the growing demand for rheology modifiers across different sectors. The Asia-Pacific region, particularly China and India, dominates the global market due to significant construction activities and investments in infrastructure, positioning the region as a central hub in the global supply chain for paints and coatings additives.
The market landscape is partially consolidated, with key players like Dow, BASF SE, and Evonik Industries AG leading the charge. Recent strategic moves, such as BASF's expansion of polymer dispersions production in China and collaborations by Evonik Industries in East Africa, highlight the industry's focus on enhancing production capabilities and expanding market reach. The ongoing construction boom in regions like the United States and Saudi Arabia, driven by governmental initiatives and private investments, is expected to further bolster the demand for paints and coatings additives. As these trends continue, the market is set to experience robust growth, with Asia-Pacific maintaining its dominant position due to its extensive infrastructure development plans.
Paints and Coatings Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increased Demand for Architectural Coatings
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1.1.2 Increasing Demand for Rheology Modifiers in Various Industries
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Rising Environmental Regulations
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Biocides
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2.1.2 Dispersants and Wetting Agents
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2.1.3 Defoamers and Deaerators
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2.1.4 Rheology Modifiers
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2.1.5 Surface Modifiers
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2.1.6 Stabilizers
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2.1.7 Flow and Leveling Additives
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2.1.8 Other Types
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2.2 Application
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2.2.1 Architectural Paints and Coatings
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2.2.2 Wood Paints and Coatings
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2.2.3 Transportation Paints and Coatings
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2.2.4 Protective Paints and Coatings
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2.2.5 Others Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Paints and Coatings Additives Market Size FAQs
How big is the Paints and Coatings Additives Market?
The Paints and Coatings Additives Market size is expected to reach USD 8.79 billion in 2024 and grow at a CAGR of 3.76% to reach USD 10.57 billion by 2029.
What is the current Paints and Coatings Additives Market size?
In 2024, the Paints and Coatings Additives Market size is expected to reach USD 8.79 billion.
