This analysis presents an assessment of the global coating additives sector. It considers volume shipments and revenue generated from additives used in coating applications between 2018 and 2028.
• The demand for additives is primarily driven by the growth in the volume of coatings and an increasing focus on the performance, functionality, unique textures, and appearance of coatings for a wide range of substrates. Although coating formulators seek additives with superior functional properties, the focus remains on reducing the number and quantity of additives, leading to the development of multi-functional additives.
• Certain additives can be part of almost all coating formulations, whereas a few additives form part of formulations for specific applications and functionalities. Additives are crucial in various stages of the coating life cycle, including formulation, in-can preservation, application of the coating on the substrate, and throughout the use phase of the coating. Additives are useful in all stages of the coating life cycle.
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