According to a new report Global Coating Additives Market, published by KBV research, The Global Coating Additives Market size is expected to reach $11.8 billion by 2027, rising at a market growth of 4.8% CAGR during the forecast period.
The Acrylic market segment shows high market share in the Global Coating Additives Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.0 billion by 2027. The acrylic coating additives comprise an attribute that they can be dissolved in water. Moreover, it has the ability to dry faster. These features make it one of the best coating additives in the industry. Hence, playing a key role in expediting the demand for this segment across the world.
The Solventless Coating market has high growth rate of 6% during (2021 - 2027). The rising growth of this segment of the market is attributed to the feature that it eliminates the moisture content from the metal or any surface it is applied on and significantly prevents electrolytic attacks on the surface.
The Architectural market is generating high revenue in the Global Coating Additives Market by End Use 2020, thereby, achieving a market value of $4.2 billion by 2027. The industrial usage of these additives in architectural coatings, including subterranean pipes, offshore platforms, and towers, is subjected to the most demanding conditions. As a result, these architectural coating additives are employed in these applications to enhance corrosion, heat, and moisture resistance, which would surge the growth of the segment.
The Rheology Modification market acquired maximum revenue share in the Global Coating Additives Market by Function 2020, thereby, achieving a market value of $3.4 billion by 2027. The growth of this market is attributed to the fact that rheology additives are being used more frequently because they provide film thickness, raise the viscosity of finished goods, and improve the elastic qualities of coatings.
The Asia Pacific market region is leading the market in the Global Coating Additives Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.8 billion by 2027. The Europe market is expected to witness a CAGR of 4.3% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 4.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/coating-additives-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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