The Europe Coating Additives Market would witness market growth of 4.3% CAGR during the forecast period (2021-2027).
Coating additives are frequently being utilized as basic components to improve coating formulation quality and application. Little quantities of these chemicals are usually applied to coatings in order to enhance their performance and efficacy. Coating additives provide increased longevity, improved visual appeal, and resistance to corrosion and other environmental effects. These formulas can also improve the overall texture and finish of the coating.
Among all the applications in which coating additives can be utilized, the automobile industry is significantly employing coating additives amid their production processes. In the automotive industry, additives are used in coating formulas for improved surface and environmental protection, texture enhancement, scratch resistance, and corrosion resistance on parts and components. The expanding customer preference for a long-lasting and attractive finish, as well as the growing popularity of bespoke coatings, will significantly increase product demand.
Major R&D investments are being made by businesses in order to bring development in the coating additives. Moreover, increased demand for paints and coatings additives along with the expansion of production facilities across Europe would increase the manufacturing of coating additives and would make it more accessible for the people across the region. Also, a rise in architectural development in the country has boosted coating additive sales.
The Germany market dominated the Europe Coating Additives Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $632.4 million by 2027. The UK market would witness a CAGR of 3.5% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 5.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Coating Additives Market Size will Hit $11.8 Billion by 2027, at a CAGR of 4.8%
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.
By Type
By Formulation
By End Use
By Country
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