Paint Additives Market Size was valued at USD 9.30 Billion in 2023. The Paint Additives industry is projected to grow from USD 9.71 Billion in 2024 to USD 13.61 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8% during the forecast period (2024 - 2032). Paint additives are specific compounds that are added to paints to improve their functionality and quality. These additives improve paint efficiency by modifying viscosity, impact resistance, anti-chipping, foam reduction, and gloss management. 
The increased demand from the industrial and architectural segments is driving the Paint Additive Market. Furthermore, the global paint and coatings industry's expansion has a direct impact on paint additive demand. Paints and coatings are widely employed in a variety of industries, including oil and gas and automobiles. Furthermore, the market's growing preference for green paint is a significant potential that is likely to create significant income during the forecast period. Rheological modifiers, defoamers, dispersants, and wetting agents are some of the most commonly used additives in architectural coatings in the Paint Additives Market. In general, Paint Additives aid in improving surface qualities, stabilizing pigment, improving wetting, dispersion, defoaming properties, and so on. In the coming years, the growing need for decorative coatings in homes to improve aesthetics is expected to drive up demand for paint additives. In Asia-Pacific, rising commercial and residential construction is boosting demand for paint additives to improve building protection.
Paint Additive Market Share, by Application (%):
Regional Analysis
Asia Pacific was the largest Paint Additive Market in 2017 due to increasing construction and automobile industries in the region. Moreover, expanding GDP in the region has added extra purchasing power to the population in the region, which, in turn, is fueling the demand for paint additives in the architectural segment. Furthermore, the growing population in the region has augmented the government spending on construction activities, which is also positively contributing to the revenue of the market.
North America is the prominent region in the Paint Additive Market as a result of increasing consumption of paint additives in the building and construction and automobile industries. Additionally, the presence of major paint & coating manufacturers in the region and increased government spending on renovation and construction of commercial and residential buildings, especially in Canada is boosting the growth of the regional market.
Europe is likely to witness a significant growth during the review period as result of reviving industrial sector in this region. Additionally, the presence of major automobile manufacturing industries in the region is adding fuel to the demand for paint additives. However, the presence of stringent government regulations in the region may slow the market growth to some extent during the coming years.
The Middle East and Africa are likely to witness a moderate growth during the assessment period on account of growing automotive and construction industries. The growing construction activities in the region owing to the FIFA World CupTM 2022 are likely to drive the demand for paint additives.
The Paint Additive Market is segmented into Type, Application, and Region. On the basis of the Product Type, the Paint Additive Market is segregated into rheology modifiers, biocides, anti-foamers, wetting and dispersion agents, and others. On the basis of Application, the Paint Additive Market is further segregated into architectural, industrial, wood and furniture, automotive and others. Based on the Region, the Paint Additive Market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Some of the prominent players operating in the Paint Additive Market are Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd.
Intended Audience
| Report Attribute/Metric | Details |
| Market Size 2023 | USDÂ 9.30Â Billion |
| Market Size 2024 | USDÂ 9.71Â Billion |
| Market Size 2032 | USDÂ 13.61Â Billion |
| Compound Annual Growth Rate (CAGR) | 3.8% (2024 - 2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2018 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Countries Covered | The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Akzo Nobel NV, Arkema SA, Ashland Global Holdings, Inc., BASF SE, BYK-Chemie GmbH, Asahi Glass Co., Ltd., Dow Chemical, Evonik Industries AG, Arch Chemicals, Lonza Group AG, and Daikin Industries, Ltd |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Dynamics | growing demand from the industrial and architectural segments |
Paint Additives Market Highlights:
Frequently Asked Questions (FAQ) :
The global paint additives market can expand at a CAGR exceeding 3.8% from 2024-2032
The expanding paints & coatings industry is the major driver of the global paint additives market.
Regulations banning the use of VOCs can impede the global paint additives market.
The APAC region can dominate the global paint additives market due to the thriving construction and automobile sectors.
Ashland Global Holdings, Inc., Arkema SA, Arch Chemicals, Lonza Group AG, Evonik Industries AG, Daikin Industries, Ltd., Asahi Glass Co., Ltd., BYK-Chemie GmbH, BASF SE, Dow Chemical, and Akzo Nobel NV are major players of the global paint additives market.
Paint Additives Market Is Projected To Be Worth USD 12,659.8 Million By 2030, Registering A CAGR Of 6.75% During The Forecast Period (2021-2030).
$12,659.8 Million
6.75%
Asia Pacific
2021-2030
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
