China Coating Additives Market Forecast and Opportunities, 2019

Coating additives are specialty additives primarily used during manufacturing of coatings in order to improve their quality and performance. Although coating additives occupy a miniscule share in overall coatings formulation, despite coatings additive’s importance in imparting desired properties to coatings such as viscosity, foaming ability, wetting property, microbial resistance, drag and flow etc. Coating additives can be classified on the basis of their functions as rheology modifiers, flow and levelling additives, wetting and dispersing additives, defoamers, biocides etc. Coating Additives finds application in numerous industries, which largely includes architecture, automotive, marine and protective coatings, can and coil coatings etc. Chinese producers are aligning production processes to capitalize the opportunity, surfaced due to growth in end use industries, which has amplified the demand of coating additives in Chinese domestic market as well in exports market. 

End use industries of coating additives can be broadly segmented into architectural and industrial coatings, of which architectural coatings holds larger market share, as per the comprehensive research report “China Coating Additives Market Forecast & Opportunities, 2019” published by TechSci Research. In coating formulation, rheology modifiers – a type of coating additives, plays critical role, as rheology modifiers can affect the process as well color performance of the applied subject. Moreover, wider end use applications and consumption pattern helped rheology modifiers increase volume sales, as a result the segment accounts for majority share in China coating additives market. Rheology modifiers are followed by wetting dispersants and defoamers. In addition, biocides despite being a smaller segment has registered fastest growth over the period of 2009-13. 

According to the report “China Coating Additives Market Forecast & Opportunities, 2019”, the coating additives market in China is forecast to grow at CAGR of around 12% during 2014-19. The report also points out that Altana (BYK Additives & Instruments), Dow and BASF would continue to be the leading three players in the country’s coating additives market. The consumption of coating additives is driven by increasing regulations limiting the use of VOC emitting coatings in China. In the architecture segment particularly, the demand for low or zero VOC emitting coatings for residence and infrastructural construction is expected to witness a continuing increase. Water based coatings and powder coatings in architecture have low VOC emitting tendencies, and can thus replace toxic solvents such as formaldehyde and aromatic hydrocarbons such as toluene, xylene, etc. In the industrial coatings segment, major application areas of coating additives are automotive (original equipment manufacturing and refinishing), marine and shipping, can and coil coatings, plastic coatings, wood coatings and general industrial coatings. Significant capacity expansions that are anticipated to be undertaken by leading global coating additive manufacturers such as BASF, Altana and AkzoNobel portray a very positive outlook for China coating additives market during the next five years. “China Coating Additives Market Forecast & Opportunities, 2019” report elaborates on the following particulars about coating additives industry in China:

• China Coating Additives Market Size, Share & Forecast
• Segmental Analysis - Rheology Modifiers, Wetting & Dispersing Additives, Defoamers, etc
• End User Industry Analysis
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

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