Asia Pacific Coating Additives Market By Type, By Formulation, By End Use, By Function, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

The Asia Pacific Coating Additives Market is expected to witness market growth of 5.1% CAGR during the forecast period (2021-2027).

As the demand for coating additives for improved building protection grows in Asia-Pacific, so does the demand for commercial and residential development. In addition, technological advancements in formulation and processing techniques are expected to drive the market. The market is also being fuelled by an increase in demand for coating additives from a variety of end-user industries around the world. These are some of the global coating additives market trends that have been observed.

Thickeners, emulsifiers, dispersants, pigments, defoamers, leveling agents, photo-stabilizers, curing catalysts, and other additives are used in technologically advanced coatings. These additions improve the resin's characteristics. Anti-foaming is a technique for reducing or eliminating foam formation on paint films or coatings. To stabilize films, wetting and dispersion use a deflocculating action.

Due to increased demand for paints from the construction industry in these nations, China, Japan, and India are highly producing coating additives. The increasing number of schools that are being rapidly constructed across the region is further displaying the requirement of coating additives across the region. Moreover, advancements in the living standards of the people of countries across APAC such as China, India, Japan, and Singapore are also majorly increasing the demand for coating additives across APAC.

The China market dominated the Asia Pacific Coating Additives Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,687.5 million by 2027. The Japan market is poised to grow a CAGR of 4.4% during (2021 - 2027). Additionally, The India market is expected to showcase a CAGR of 5.7% during (2021 - 2027).

Based on Type, the market is segmented into Acrylic, Fluoropolymers, Urethanes, Metallic Additives, and Others. Based on Formulation, the market is segmented into Water-borne Coating, Solvent-borne Coating, Solventless Coating, Powder Coating, and Radiation Curable Coating. Based on End Use, the market is segmented into Architectural, Automotive, Industrial, Wood & Furniture, and Others. Based on Function, the market is segmented into Rheology Modification, Anti-foaming, Wetting & Dispersion, Biocides, Impact Modification, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Akzo Nobel N.V., The Dow Chemical Company, BASF SE, Arkema S.A., Evonik Industries AG (RAG-Stiftung), Momentive Performance Materials, Inc., Lanxess AG, Eastman Chemical Company, Clariant AG, and Elementis PLC.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Acrylic
• Fluoropolymers
• Urethanes
• Metallic Additives
• Others

By Formulation

• Water-borne Coating
• Solvent-borne Coating
• Solventless Coating
• Powder Coating
• Radiation Curable Coating

By End Use

• Architectural
• Automotive
• Industrial
• Wood & Furniture
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Akzo Nobel N.V.
• The Dow Chemical Company
• BASF SE
• Arkema S.A.
• Evonik Industries AG (RAG-Stiftung)
• Momentive Performance Materials, Inc.
• Lanxess AG
• Eastman Chemical Company
• Clariant AG
• Elementis PLC

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