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Coating additives are added to paints and coating to augment its quality and
performance. Additives improve dispersion of solids, wetting, foam reduction, anticatering, gloss control, anti-chipping and UV protection of the coatings. The coatings
additives can be of various types such as acrylic, urethanes, fluoropolymers and metallic
among others. Acrylic additives are the leading product type followed by urethanes and
metallic additives. Coating additives help surfaces deal with external problems such as
high temperature, abrasion, moisture, biocides and chemicals resistance. Based on the
formulations, the market for coating additives is divided into waterborne, solvent borne
and powder coatings systems.
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The main drivers for the growth of coating additives market are the growing building &
construction and automotive industries. There is a huge demand for coating additives
from building & construction industry due to increasing demand for better and superior
quality surfaces. Residential and commercial buildings are the leading end-users for
coating additives and are likely to gain higher market share in the near future owing to
increased construction activities, particularly in Asia Pacific, Eastern Europe and Latin
America. Other end-users for coating additives include wood & furniture, industrial
engineering and aviation among others. However, environmental regulations associated
with the harmful effects of VOCs are expected to be a major restraint for the market.
Development of water-borne and bio-based coating additives is likely to offer more
opportunities in the near future....