Europe Paints and Coatings Additives Market Industry | 2031

Report Description

Europe Paints and Coatings Additives Market Outlook 2031

The Europe paints and coatings additives market size was USD 36.36 Billion in 2022 and is projected to reach USD 44.62 Billion by 2031 expand at a CAGR of 2.3% during the forecast period, 2023-2031. The growth of the market is attributed to rising demand for environmentally friendly products in the paint & coating industry.

Coating additives provide features such as anti-foaming, wetting & dispersion, rheology modification, impact modification, and biocidal to reduce the surface flaws and difficulties that develop during the application of paint or after they have dried. Anti-foaming is a technique for decreasing or preventing the generation of foam on paint films or coatings. Wetting and dispersion agents use the deflocculating effect to stabilize films.

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Rheology modifiers increases the thickness and viscosity of coated surfaces. Biocides protect paint films from microbiological degradation, such as fungal and algal growth, which can occur in humid environments or as a result of contamination. Impact modification is primarily used to reduce surface deformation in sheets, packing films, and other materials.

Drying, surface modification, levelling, anti-settling, and anti-sagging, among others are all performed by these coating additives. Coatings are made up of several components such as pigments, binder, additives, and mixes that help the coatings to function effectively. Water-borne coatings, solvent-borne coatings, powder-based coatings, radiation curable coatings, and solventless coatings are among the coating formulations that available for in the market.

Water-borne coatings use water as a liquefying agent to dissolve all the coating ingredients. It is intended for use in enclosed or compact settings and produces no hazardous emissions. Different organic solvents, such as polyurethanes and enamels are present in solvent-borne coatings and act as liquefying agents. These coatings are detrimental to the environment as they emit hazardous solvents or volatile organic chemicals (VOCs).

Europe Paints and Coatings Additives Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for architectural coatings is driving the market growth.
• Negative environmental impacts and stringent regulations can hamper the market growth.
• Rising penetration of ornamental coatings in the residential sector is expected to proliferate the market opportunities during the forecast period.

Scope of Paints and Coatings Additives Market Report

The report on the Europe paints and coatings additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Europe Paints and Coatings Additives Market Segment Insights:

Biocides segment to exhibit a high CAGR

Based on types, the Europe paints and coatings additives market is segregated into biocides, dispersants & wetting agents, defoamers & deaerators, rheology modifiers, surface modifiers, stabilizers, flow & leveling additives, other types.

The biocides segment is anticipated to exhibit a high CAGR during the forecast period. Antimicrobial additives, also known as Biocides) are used in paint formulas to prevent bacteria from spoiling the paint quality during storage or to avoid the growth of fungi, algae, and other microbes on the painted surface.

On the other hand, the rheology modifiers segment is expected to account for a considerable market share in the projected timeline. Paint shelf stability, ease of application, open time/wet edge, and sagging can all be controlled with rheology modifiers. They have an impact on levelling, settling, and film formation. Rheology modifiers are applied to the mill-base or during let-down, depending on their features and required changes.

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Architectural segment to expand at a robust CAGR

On the basis of applications, the Europe paints and coatings additives market is divided into architectural, wood, transportation, protective, and other applications.

The architectural segment is expected to continue to dominate the market. Additives used in commercial coatings, such as office buildings, warehouses, retail convenience stores, shopping malls, and residential buildings, are included in the architectural category. Rheological modifiers, defoamers, dispersants, and wetting agents are some of the most commonly used additives in architectural coatings.

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Germany is projected to hold a major market share

In terms of geography, the Europe paints and coatings additives market is classified as Germany, UK, France, Italy, Spain, Russia, and Rest of Europe.

Germany is anticipated to hold a major market share during the forecast period. Increasing spend on public infrastructure by government state bodies and rising municipal expenditures through public-private partnerships are driving the country’s market growth. According to industry experts, demand for new homes is likely to be increase to 350,000 annually through 2020, boosting the market growth.

During the forecast period, the country's non-residential and commercial buildings are expected to grow at a significant rate. Lower interest rates, increasing disposable income, and significant investments by the European Union and the government state bodies in the country are contributing to the growth of the market.