The burgeoning usage of urethane-based coating additives in the automotive, industrial, and construction applications is a major factor responsible for their soaring sales across the world. Moreover, the rapidly growing construction industry, especially in the developing countries of Latin America and Asia-Pacific, on account of the huge investments being made in various infrastructural development projects, is massively pushing up the requirement for coating additives. According to many industry experts, the sales of these additives will be considerably high in the Asia-Pacific (APAC) region in the future years, primarily because of the mushrooming production of these additives in China.


The other major factors fueling the global demand for these additives are the increasing R&D (research and development) activities being conducted in several countries, especially in North America, and the rising awareness amongst the masses about nano coatings and green buildings across the world. Due to the increasing pollution levels and environmental degradation all over the world, the governments of many countries are increasingly enacting policies aimed at reducing the utilization of volatile organic compounds (VOCs) and encouraging the usage of water-borne coatings. This factor is making a huge positive impact on the global sales of coating additives.


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Thus, with the growing popularity of coating additives, the global coating additives market will register explosive growth in the coming years. Coating additives are basically low-level ingredients that have certain paint characteristics such as de-foaming, good flow and leveling, and mildew resistance. These additives are commonly formulated into solvent-borne, powder, and water-borne. In the water-borne coatings, water is used as liquefying agents. These coatings do not produce toxic emissions and are widely used in applications pertaining to compact or closed areas. On the other hand, the solvent-borne coatings use organic solvents such as enamels and polyurethanes as liquefying agents.


The key players operating in the global coating additives market include AkzoNobel N.V., Arkema, Ashland Inc., BASF SE, Atlanta AG, The DOW Chemical Company, Solvay, Evonik Industries AG, Momentive Performance Materials Inc., and Eastman Chemical Company.