The North America coating additives market size is estimated to expand at a CAGR of 5% during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for environment friendly products and advanced additives and increasing demand from architecture and furniture sector. Development of infrastructure is increasing the demand for better quality of coating additives.
Coating additives increase the inherent properties and quality of the resin. Coating additives are the complex formulas with pigments, photo-stabilizers, leveling agents, emulsifiers, thickeners, defoamers, and other additives. Coating additives are used in construction paints for better impact viscosity, resistance, and surface effectiveness of substrates. Coating additives are used in automotive industries to increase the quality and protect from UV rays, chemicals, abrasion, and other weathering effects.
Coating additives have various properties including durability, enhanced appearance, texture enhancement, and anti-corrosiveness. End-user industries including wood & furniture, automotive, industrial, and others are focused on water borne coatings to decrease their expenditure. Manufactures are focused on increasing the performance of coatings. Growing residential demand for coating additives in paints is propelling the market in the region. Increasing demand for eco-friendly coating additives products is engaging manufacturers to develop new and innovative products.
The report on the North America coating additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Coating Additives Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Stabilizers, Rheology Modifiers, Biocides, Defoamers and Deaerators, Flow and Leveling Additives, Dispersants and Wetting Agents, Surface Modifiers, and Other Types) and Applications (Transportation, Architectural, Protective, Wood, and Other Applications) |
Country |
The US, Mexico, Canada, and Rest of North America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Cabot Corporation, Eastman Chemical Company, Ashland Inc., The Dow Chemical Company, Elementis Plc., and Solvay |
The rheology modifiers segment is projected to represent a large market share
On the basis of types, the North America coating additives market is segregated into stabilizers, rheology modifiers, biocides, defoamers and deaerators, flow and leveling additives, dispersants and wetting agents, surface modifiers, and other types. The rheology modifiers segment is expected to hold a key share of the market during the forecast period due to it helps to have better finishing of the coating surface. Rheology modifiers are used to impart optimal functionality and fluidity to the surface.
The architecture segment is projected to constitute a major market share
Based on applications, the North America coating additives market is categorized into transportation, architectural, protective, wood, and other applications. The architecture segment is expected to account for a key share of the market in the coming years owing to increasing commercial and residential construction raising the demand for coating additives for protection of buildings.
The US is anticipated to dominate the market
On the basis of regions, the North America coating additives market is categorized as The United States, Mexico, Canada, and Rest of North America. The market of United States is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to the rising infrastructure in the country. Rising state funding for public works and institutional buildings, positive market fundamentals, and strong economy is expanding the construction industry in the US.
Key players competing in the North America coating additives market include Cabot Corporation, Eastman Chemical Company, Ashland Inc., The Dow Chemical Company, Elementis Plc., and Solvay. Some of these players are focusing on several business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to strengthen their footprints in the market and enhance their market shares.
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