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The Waterborne Coating Additives Market has witnessed significant growth in recent years, driven by a growing demand for environmentally friendly and sustainable coating solutions. As global awareness of the environmental impact of traditional solvent-based coatings increases, industries are increasingly adopting waterborne coatings to comply with stringent environmental regulations. This shift is reflected in the market trends, with waterborne coating additives gaining traction across various applications.
One prominent trend in the market is the rising demand for eco-friendly additives that enhance the performance of waterborne coatings. Manufacturers are investing in research and development to introduce innovative additives that not only improve the durability and adhesion of coatings but also minimize the environmental footprint. The emphasis on reducing volatile organic compound (VOC) emissions has become a pivotal factor driving the adoption of waterborne coating additives, contributing to the overall market growth.
Additionally, the construction industry has emerged as a significant driver for the waterborne coating additives market. With a surge in infrastructure development and construction activities globally, there is a growing need for high-performance coatings that offer durability, weather resistance, and corrosion protection. Waterborne coatings, with their low VOC content and enhanced performance attributes, are becoming the preferred choice in construction applications. This trend is expected to continue as urbanization and infrastructure projects escalate, providing a substantial market opportunity for waterborne coating additive manufacturers.
Moreover, technological advancements in formulation techniques have played a crucial role in shaping market trends. The development of nanotechnology-based additives has opened new avenues for enhancing the properties of waterborne coatings. Nanoparticles can impart functionalities such as UV resistance, scratch resistance, and antimicrobial properties to coatings, expanding their applications across various industries. As a result, the market is witnessing a shift towards incorporating nanotechnology in waterborne coating formulations to meet the evolving demands of end-users.
Furthermore, the automotive sector has embraced waterborne coatings and additives as part of the ongoing trend towards sustainable practices. The automotive industry's commitment to reducing carbon footprint and adopting eco-friendly solutions has led to the widespread use of waterborne coatings. Additives play a crucial role in achieving the desired performance characteristics, such as improved color retention, adhesion, and scratch resistance in automotive coatings. The automotive sector's focus on lightweight materials and fuel efficiency has also contributed to the increased adoption of waterborne coatings and additives.
In terms of geographical trends, regions with stringent environmental regulations, such as North America and Europe, are witnessing substantial growth in the waterborne coating additives market. Regulatory bodies in these regions are actively promoting the use of low-VOC coatings, creating a conducive environment for market expansion. On the other hand, emerging economies in Asia-Pacific are experiencing a surge in construction and industrial activities, driving the demand for waterborne coatings and additives in the region.
Waterborne Coating Additives Market Highlights:
Waterborne Coating Additives Market Overview
Waterborne Coating Additives Market was valued at around USD 3.53 billion in 2030Â and is expected to register a CAGR of approximately 5.2% during the forecast period, 2021-2030.
Waterborne Coating Additives Market Segmentation
The waterborne coating additives market report has been segmented into material type, end-use industry, and region.
Based on material type, the waterborne coating additives market has been segmented into wetting agents, dispersing agent, defoamers, wax additives, flow additives, rheology modifier, surface control additives, deaerators, and others
Based on end-use industry, the waterborne coating additives market has been classified into building & construction, automotive, packaging, and others.
Key Players
List of the prominent companies in the global waterborne coating additives market are
Akzo Nobel NV (Netherlands), ALLNEX NETHERLANDS B.V. (Germany), BASF SE (Germany), BELAMI FINE CHEMICALS PVT. LTD. (India), ALTANA (Germany), Evonik Industries AG (Germany), Dow (US), Harmony Additive Pvt. Ltd. (India), troy corporation (US), KaMin LLC. / CADAM (US), The Lubrizol Corporation (US), Kusumoto Chemicals, Ltd. (Japan), Laviosa Chimica Mineraria SpA (Italy), and Radiant Chemicals (India).
Market Overview
Waterborne coating additives are a comparatively new class of additives, which are used to improve the performance and efficiency of waterborne coatings. Unlike their alternatives, these additives use water as a major solvent. The dispersion of the pigments present in the waterborne coatings is difficult due to high surface tension of water. Therefore, these coatings need an external agent to strengthen the bond between them and the resins present in it and thus provides additional properties to the waterborne coating such as high durability and resistance against corrosion and chemicals. Moreover, they improve the drying time of the waterborne coating. Since water is a major solvent in the formation of these additives it also gives it a high gloss finish and makes it environmentally friendly. The major factors driving the growth of the waterborne coating additives market is the rapid urbanization, growing automobile sectors, expanding building & construction industry, and stern government policies limiting the use of volatile organic compounds (VOCs) in the paints and coatings. The VOCs affects air quality, depletes the ozone, and can lead to several health problems such as eye, nose and throat irritation, nausea, and headaches.
Nevertheless, waterborne coating additives have several advantages such as low toxicity, low fire hazard, and low VOCs content, which makes it a better alternative over the conventional solvent-based additives.Â
However, the upsurge in the prices for raw materials used in the manufacturing of waterborne coating additives can hinder their growth in the global market.
Global Waterborne Coating Additives Share, by End-Use Industry, 2018 (%) Â 
Source: MRFR Analysis
Regional Analysis
The global waterborne coating additives market has been studied across the five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the waterborne coating additives market in 2018 and is expected to grow at the highest CAGR during the review period. The increase in the consumption of waterborne coating additives is due to the expanding building & construction industry coupled with the changing lifestyle of individuals in the region. Moreover, the increasing per capita disposable income allows individuals to spend more on housing, thus stimulating towards waterborne coating additives owing to the health concerns related to the solvent-based coatings. This is expected to propel the market for waterborne coating additives in Asia-Pacific.
Europe held the second-largest share in the waterborne coating additives market in 2018. This can be mainly attributed to the stringent government regulation against the emission of the VOCs, which is compelling the leading paints and coating manufacturers to shift towards production of zero-VOCs Coatings. According to the European Paints Directive 2004/42/EC, the maximum amount of VOCs content that a typical interior matt paint for walls or ceilings can have is 30g per liter. Moreover, the use of these additives provides better color retention and stability to the waterborne coatings.
The primary factor driving the growth of the waterborne coating additives in North America is the low toxicity and better indoor air quality offered by the same owing to this the region deems to have an upsurge in the consumption of these coatings. Furthermore, the strict environmental protection agency (EPA) regulations for VOCs content in paints & coatings, as it causes global warming by depleting the Ozone layer. Individuals are shifting towards the use of waterborne coating additives, which is anticipated to boost their demand in the regional market.
The market in the Middle East & Africa is expected to witness positive growth during the forecast period due to the growing building & construction industry in the regional market.
Latin America is expected to witness a slow growth attributed to the rise in demand for the waterborne paints and coating in countries such as Brazil and Mexico.
Intended Audience:
- Waterborne coating additives manufacturers
- Traders and distributors of waterborne coating additives
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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