#coatingadditives

Alkyl Phenol Ethoxylates are widely used in high-performance industrial coatings across the Middle East. Their ability to enhance durability, chemical resistance, and formulation consistency makes them ideal for demanding automotive and heavy machinery applications while supporting regional quality standards.

The global coating additives market is experiencing significant growth, driven by increasing demand for high-performance and eco-friendly coatings across various industries. Valued at $10 billion in 2022, the market is projected to reach $17.1 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Market Segmentation

By Type:

Defoamers: Prevent foam formation, ensuring a smooth finish.

Wetting & Dispersing Agents: Ensure even distribution of pigments and fillers, crucial for color consistency and stability.

Rheology Modifiers: Adjust the flow properties of coatings, aiding in application and finish quality.

By Formulation:

Water-Borne: Gaining prominence due to environmental regulations and reduced VOC emissions.

Solvent-Borne: Valued for their durability and efficiency, especially in industrial applications.

By Application:

Architectural: Largest segment, driven by residential and commercial construction projects.

Industrial: Requires additives that enhance performance under harsh conditions.

Automotive & Transportation: Demands high-quality finishes with resistance to environmental factors.

Wood & Furniture: Focuses on aesthetics and protection of wood surfaces.

Market Segmentation

By Type:

Defoamers: Prevent foam formation, ensuring a smooth finish.

Wetting & Dispersing Agents: Ensure even distribution of pigments and fillers, crucial for color consistency and stability.

Rheology Modifiers: Adjust the flow properties of coatings, aiding in application and finish quality.

By Formulation:

Water-Borne: Gaining prominence due to environmental regulations and reduced VOC emissions.

Solvent-Borne: Valued for their durability and efficiency, especially in industrial applications.

By Application:

Architectural: Largest segment, driven by residential and commercial construction projects.

Industrial: Requires additives that enhance performance under harsh conditions.

Automotive & Transportation: Demands high-quality finishes with resistance to environmental factors.

Wood & Furniture: Focuses on aesthetics and protection of wood surfaces.

Recent Developments

Nouryon's Expancel BIO Microspheres: In December 2024, Nouryon introduced Expancel BIO microspheres, the first-generation partially biobased microspheres, offering sustainable solutions for the coatings industry.

Gerdau Graphene's NanoDUR and NanoLAV: In May 2023, Gerdau Graphene announced the commercial availability of NanoDUR and NanoLAV, two new additives developed specifically for the paint and coatings industry. These additives utilize graphene nanoplatelets to enhance the performance of water-based paints and coatings without altering their pH levels.

Evonik's Restructuring: In October 2024, Evonik announced plans to scale back its adhesives and health care units to focus on core assets, including liquid polybutadienes and specialty acrylics, impacting the coating additives market.

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Wood Coating Additives Market Overview

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COVID-19 Impact

Various countries have declared a complete national lockdown as a result of the corona virus 2019 (COVID-19) outbreak. These decisions have restricted the movement of people and resulted in a complete shutdown of many businesses across many sectors. The construction industry, as a significant growth driver of the economy with no exception, has also been completely shut down. All the developments and projects were postponed until further notice. For instance, the construction output in Great Britain fell by a record 35.0% in Quarter 2 (Apr to June) 2020 compared with Quarter 1 (Jan to Mar) 2020. This value decline was due to the Corona Virus pandemic. With the decrease in building and construction operation, the demand for furniture has significantly fallen, which is having a major impact on the wood coating additives market.

Report Coverage

The report: “Wood Coating Additives Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the wood coating additives Industry.

By Formulation: Water Based System, Solvent Based System, Radiation Cured System, and Others.

By Type: Dispersing Agents, Rheology Modifiers, Defoamers, Micronized Waxes, Emulsions, Wetting & Leveling Agents, Surface Modifiers, and Others.

By End-Use Industry: Food Industry (Trays, Pallets, and Others), Building and Infrastructure (Residential, Commercial, and Industrial), Furniture (Outdoor, and Indoor), and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (U.K, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

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Key Takeaways:

Asia-Pacific dominates the wood coating additives market, owing to the increasing building & infrastructure activities in the APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”.

The primary purpose of using coating additives in wood is to manufacture superior quality wood surfaces. Additives are often used in wood coatings for a variety of purposes such as better stabilization, hygiene, and decoration of wood.

The coating additives also add some extensive properties to the wooden material such as moisture-resistant, anti-bacterial solution, improved hardness, better appearance, and more. These enhanced properties of wood coating additives are projected to increase the market growth.

However, high regulation on coatings due to its high emission of volatile organic compounds and awareness on damage for deforestation is projected to hinder the growth of wood coatings, which indirectly affects the demand for wood coating additives.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which various building and construction operations are disruptively stopped, which is hampering the wood coating additives market growth.

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Wood Coating Additives Market Segment Analysis — By Formulation

The solvent based system segment held the largest share in the wood coating additives market in 2020 and is growing at a CAGR of 6% during 2021–2026. A solvent based wood coating additives system offers a liquid protective layer that is primarily composed of organic compounds and applied to a material’s surface to prevent corrosion. They are typically more resilient than water based wood coating additives system coatings during the curing time. These coatings have one major advantage over water based wood coating additives systems i.e. they are less susceptible to environmental conditions such as temperature and humidity during the curing phase. Humidity can prevent the water in a water-based system from evaporating, making them impractical in some climates. Thus, solvent based wood coating additives systems are preferred for applications in humid environments. All these superior properties of the solvent based system are the key factor anticipated to boost the demand for wood coating additives during the forecast period.

Wood Coating Additives Market Segment Analysis — By Type

The Rheology modifier segment held a significant share in the wood coating additives market in 2020. For the optimal application of coatings on wood, it is necessary to adjust the rheology profile of the coating with the help of rheology modifiers. This can be managed by using associative thickeners based on polyurethanes. Polyurethane thickeners can be used solely or in combination with each other as well as with other types of thickeners (e.g. polyacrylates or cellulose ethers). In addition, rheology modifiers enable formulators to adjust the flow behavior of coatings, owing to which the wood coatings benefit from improved viscosity. Furthermore, it reduces dripping and a spattering of paint during roller or brush application, which is the major driving factor for the Rheology modifier additives during the forecast period.

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Wood Coating Additives Market Segment Analysis — By End-Use Industry

The furniture segment held the largest share in the wood coating additives market in 2020 and is growing at a CAGR of 5% during 2021–2026, owing to the increasing usage of wood in the manufacturing of the furniture industry. This exceptionally versatile material is commonly used as a building material as it is a natural resource, which makes it readily available and economically feasible. It is remarkably strong in relation to its weight, provides good insulation from the cold, and can be fabricated into all kinds of shapes and sizes to fit practically any construction need. Pinewood and whatman filter paper are common substrates used in furniture fungal resistance. Also, wood is an environmentally sustainable product, biodegradable, renewable, and carries the lowest carbon footprint of any comparable building material. In addition, no high-energy fossil fuels are required to produce wood, unlike other common building materials such as brick, steel, or plastic owing to which wood is widely used in the manufacturing of furniture. And wood furniture requires preservation for which coating additives are extensively used over wood, which is the major factor driving the demand for wood coating additives in the furniture industry during the forecast period.

Wood Coating Additives Market Segment Analysis — By Geography

Asia-Pacific region held the largest share in the wood coating additives market in 2020 up to 36%, owing to the increasing demand for furniture in the region. The key factors driving the increase in demand for furniture are the growth of housing and commercial construction and also the increase in income levels that influence customers to adopt global lifestyle options, especially in urban affluent Indians. According to the Trade Promotion Council of India (TPCI), the Indian domestic furniture market is expected to expand at a CAGR of 12.91% from 2020 through 2024. It has been observed that for 2018 and from 2014–18, India’s furniture exports surged at CAGRs of 15% & 8.8% respectively, which is way higher than the world average. According to the United States Department of Agriculture (USDA), China remains the largest wood-based panel producer in the world, accounting for roughly half of global production. Production in 2019 was approximately 325 million meter cube, nine percent higher than in 2018 (299 million meter cube), driven by strong demand from decoration facilities. Thus, with an upsurge in the demand for furniture, the demand for wood coating additives will also subsequently increase to preserve the wooden furniture, which is anticipated to eventually drive the wood coating additives market in the APAC region during the forecast period.

Wood Coating Additives Market Drivers

Flourishing Food Industry

Products derived from wood are widely used in the packaging of food in the form of paper and cardboard. Paper is a very cheap, lightweight product with excellent printing capacity. Although it is very sensitive to moisture, it can be corrected with a combination of paper and other materials such as plastic or paraffin. The wooden packaging is specially designed for cooking or reheating in traditional ovens or microwave ovens. According to the International Trade Administration (ITA), there was an increase of 4.7% in food production in Russia. According to the United States Department of Agriculture (USDA), in 2018, the total value of all retail food and beverage sales in Japan was $479.29 billion (¥53,339 billion), an overall increase of 2.3 percent. According to the United States Department of Agriculture (USDA), China’s food processing industry continued to grow in 2017. Revenue climbed to $1.47 trillion, an increase of 6.3 percent compared with the previous year. The rising disposable income has resulted in the increasing demand for the food industry in various regions, which is further driving the growth of the food packaging industry market. And since additives improve or maintain the food’s nutritive value, make food last longer, make food stay fresh for much longer owing to which the demand for coating additives in wood-based food packaging is increasing. Thus, the expanding food industry acts as a driver for the liquid nitrogen market.

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Increasing Government Initiative Bolstering the Growth of building and infrastructure Industry In Various Regions

The building and construction industry is flourishing in countries such as India, and Singapore as governments are spending heavily on expanding the building and construction industry. The A government-wide program for a Circular Economy, aimed at developing a circular economy in the Netherlands by 2050 is boosting the construction sector in the country. The infrastructure sector has become the biggest focus area for the Government of India. India plans to spend US$ 1.4 trillion on infrastructure during 2019–23 to have a sustainable development of the country. The Government has suggested investment of Rs. 5,000,000 crore (US$ 750 billion) for railways infrastructure from 2018–30. And wood-based products such as furniture are often used in the construction industry. And these wood products to be durable and resistant require coating additives. Hence, with the increase in construction activities across the globe, the demand for wood coating additives will be foreseen to grow enormously. Thus, such government investments and initiatives in the construction industry act as a driver for the market.

Wood Coating Additives Market Segment Analysis Challenges

Presence of Other Substitute Materials

Most wood coatings are done either in a short-term artificial weathering chamber or long-term on an outdoor rack/fence. In both cases, the coatings are exposed to both ultraviolet radiation and water. As moisture is absorbed into the wood structure, the wood swells in proportion to the volume of water absorbed. As moisture is lost, the wood shrinks in proportion to the volume of the water lost. Thus, moisture in the wood end grain is responsible for coating failures. Also, the wood material may be too hard or rough for products like soft fruits, and therefore liners of soft material may be needed, which further increases the expenses owing to which polymeric materials are gaining popularity. Moreover, the continuous manufacturing of wooden-based products such as furniture, crates, pallets, containers, and more have put an extra claim on the natural forest resources, leading to deforestation. All these disadvantages of wood-based products are unlatching doors for other immediate substitute materials such as metal, polymer, composites, and more. Thus, the demand for wood may see a downfall, which may hinder the wood coating additives market growth during the forecast period.

Wood Coating Additives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the wood coating additives market.

The Top 5 companies in the are: Wood coating additives market

BYK Additives & Instruments

Arkema S.A.

Sherwin-Williams Company

Akzo Nobel N.V.

PPG Industries, Inc.

Acquisitions/Technology Launches

In November 2019, AkzoNobel invested $55 million to transform its wood coatings facility in High Point, North Carolina, and further strengthen the company’s market position in North America.

In October 2019, BASF introduced a new silicone wetting agent-“Hydropalat® WE 3225”, which combines excellent substrate wetting with pronounced defoaming performance. It is designed for use in high-end water-based industrial and automotive coatings and especially wood coatings that require excellent wood grain accentuation.

In October 2019, BASF launched a new high molecular weight dispersing agent-“Dispex® Ultra PX 4290”. Dispex® Ultra PX 4290 in response to surging market demand for a dispersing agent, which enables broad applicability in both inorganic and organic pigments and fillers used in water-based automotive OEM and refinishes coatings, industrial coatings, and wood coatings.

The Insight Partners introduces its new market research as “Coating Additives Market Industry Analysis| 2031”. The company specializes in syndicated market research and consultation services. Through this research company is offering both qualitative and quantitative data assisting Coating Additives market investors.

Key Chapters Under This Research

Current Market Scenario and Estimates to 2031

Market Drivers, Opportunities, and Trends

Market Competition Analysis

This chapter offers insights on established and new entrant Coating Additives market players. Understanding competition helps companies understand their position in the market. Through this chapter, the report offers insights on threats and opportunities ahead of Coating Additives market players. Comparing pricing strategies and organic growth strategies used by key market participants provides opportunities for growth in the Coating Additives market.

Report Attributes

Details

Segmental Coverage

Type

Acrylic

Metallic

Fluoropolymer

Urethane

Others

Formulation

Water-Borne

Solvent-Borne

Powder-Based

Function

Anti-Foaming

Wetting and Dispersion

Biocides

Rheology Modification

Others

Application

Automotive

Architectural

Industrial

Wood and Furniture

Others

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

AkzoNobelN.V.

ArkemaGroup

AshlandInc.

BASFSE

BYK-ChemieGmbH

EastmanChemicalCompany

Elementisplc

EvonikIndustriesAG

MomentivePerformanceMaterialsInc.

TheDowChemicalCompany

Other key companies 

Research Methodology

This Coating Additives market report includes findings based on scrutiny of different factors impacting on business environment. Both primary and secondary methods of research are used to generate insights. Details on Coating Additives market share, key players, micro-financial pointers, and other demographic factors.

Key market players are analyzed for their market share and overall growth in the industry. Based on forecast duration, these key market players are evaluated for their incomes. This market research brings local, regional, and national level information on the market

Go-To-Market Framework:

Development trends, competitive landscape analysis, supply-side analysis, demand-side analysis, year-on-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.

Customized regional/country reports as per request and country-level analysis.

Potential & niche segments and regions exhibiting promising Coating Additives market growth are covered.

Analysis of Coating Additives Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape, and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Key Benefits for Buyers

Strategic Insights to increase per-customer revenue and overall consumer experience.

Assistance and strategic roadmap to device marketing tactics

Details-oriented approach, authorized information, and new optimal business solutions

Preferred target demographic, regions, and market channels

Customized Insights and Consultation services.

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

The transformation of the aerospace industry and increasing aircraft deliveries will accelerate the global coating additives market demand in the coming years

According to the latest Arizton's market research report, the global coating additives market to reach around USD 11 billion by 2026, growing at a CAGR of over 5% during the forecast period.

Global Coating Additives Market Growth Analysis

The increasing adoption of smart coatings is expected to rise because of its multifunctional benefits such as anti-fouling, anti-corrosive, anti-microbial, among others. Smart coatings provide protective and decorative coatings with self-healing characteristics thereby, positively impacting the growth of the global coating additives market. The transformation of the aerospace industry and increasing aircraft deliveries will accelerate the demand for coating additives in the coming years. Multifunctional additives are pivotal advances in the coating industry. In 2020, the coating additives market in Japan accounted for over 16%, followed by South Korea at over 11%, and other countries. The increasing production and growing demand for electric vehicles are driving the global coating additives market.

What’s Trending in the Market?

BASF in the global coating additives market is focusing on acquisition and innovation to boost its presence and get access to sophisticated technologies.

Akzo Nobel N.V. is the largest global paints and coating company and a major producer of specialty chemicals.

The number of aircraft is expected to increase from 23,480 in 2016 to 48,950 in 2036, which will create growth opportunities for the manufacturers in the global coating additives market.