Coating Additives Market is expected to grow by USD 8.65 Billion in 2021 and is expected to grow by USD 10.53 Billion by 2026 at a CAGR of about 8.2% during the forecast period.

Coating Additives are the flavors and spices of a coating. Modern coatings are complex formulas with thickeners, emulsifiers, dispersants, pigments, defoamers, leveling agents, photo-stabilizers, curing catalysts and other additives. These additives enhance the inherent properties of the resin. Flow and Leveling ; these are the main factors that have considerably increased the demand for the Coating Additives in the market, thereby driving the huge growth of the Coating Additives market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Coating Additives in the market is mainly due to the Increase in demand for coating additives from several end user industries also fuels the market across the globe. For instance, solventless coatings are used as premium coating in many end user industries such as automotive, architectural, and industrial.owing to external stress to improve thickness and viscosity of coated surfaces. Biocides protect paint films from microbiological degradation, such as fungal and algal growth, which can occur in humid environments or as a result of contamination. Impact modification is primarily used to reduce surface deformation in sheets, packing films, and other materials; these are the main factors that have considerably increased the demand for the Coating Additives in the market, thereby driving the huge growth of the Coating Additives market in the upcoming years

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Report is segmented as:

Coating Additives Market is segmented on the basis of by :

By Function (Rheology Modifiers, Dispersing, Wetting Agent, Impact Modifier, Anti-Foaming),
By Application (Automotive, Architecture, Industrial)
By Formulation (Water, Solvent, Power Based)
Geographical Segmentation:

Coating Additives Market is segmented into

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the Coating Additives is due to the owing to its stable economy, increase in disposable income these are the main factors that have considerably increased the demand for the Coating Additives in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Coating Additives Market

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Impact of COVID-19 on Market

Covid-19 pandemic has impacted the growth of the Coating Additives market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Coating Additives market. Covid-19 pandemic has impacted huge on the sales revenue Coating Additives market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Coating Additives market growth

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