APAC Paints & Coatings Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Paints & Coatings Additives Market Analysis
The Asia-Pacific paints and coatings additives market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Rising demand from furniture coatings in China and increasing construction activities are expected to drive the market during the forecast period.
- Rising environmental concerns and regulations are likely to hinder the market's growth.
- Rising demand from beverage coatings in India is expected to create opportunities for the market growth in the future.
- China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
APAC Paints & Coatings Additives Market Trends
This section covers the major market trends shaping the APAC Paints & Coatings Additives Market according to our research experts:
Architectural Segment to Dominate the Market
- The architectural segment includes additives used in coatings for commercial purposes, such as office buildings, warehouses, retail convenience stores, shopping malls, and residential buildings.
- Some of the majorly used additives for architectural coatings include rheological modifiers, defoamers, dispersants, and wetting agents.
- In general, the additives used for architectural coatings help in enhancing surface properties, stabilizing pigment, enhancing wetting and dispersing properties and defoaming properties, etc.
- The increasing demand for decorative coatings in houses, for greater aesthetics, is estimated to boost the demand for paint and coating additives in architectural coatings at a significant rate in the next few years.
- Thus, the demand for paints and coatings is increasing, in turn having a direct impact on the additives market.
China to Dominate the Market
- In the Asia-Pacific region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
- The continuous improvements in economic conditions in the region have enhanced the financial status of the consumers, in turn, boosting the demand for buildings and other infrastructural activities in the country.
- China’s 13th Five Year Plan started in 2016 as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year.
- Moreover, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted.
- The growth in commercial and residential sectors is expected to boost the paints and coatings market in the country. Thus, driving the demand for paints and coatings additives during the forecast period.
APAC Paints & Coatings Additives Industry Overview
The Asia-Pacific paints and coatings additives market is partially consolidated. Key players in the market include Altana, Ashland, Dow, ELEMENTIS PLC, and Solvay, among others.
APAC Paints & Coatings Additives Market Leaders
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Altana
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Ashland
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Dow
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ELEMENTIS PLC
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Solvay
*Disclaimer: Major Players sorted in no particular order
APAC Paints & Coatings Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Rising Demand from Furniture Coatings in China
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4.1.2 Increasing Construction Activities
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4.2 Restraints
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4.2.1 Rising Environmental Regulations
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Biocides
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5.1.2 Dispersants and Wetting Agents
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5.1.3 Defoamers and Deaerators
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5.1.4 Rheology Modifiers
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5.1.5 Surface Modifiers
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5.1.6 Stabilizers
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5.1.7 Flow and Leveling Additives
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5.1.8 Other Types
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5.2 Application
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5.2.1 Architectural
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5.2.2 Wood
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5.2.3 Transportation
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5.2.4 Protective
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5.2.5 Other Applications
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 South Korea
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5.3.5 Australia & New Zealand
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5.3.6 ASEAN
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5.3.7 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Akzo Nobel N.V.
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6.4.3 ALLNEX NETHERLANDS B.V.
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6.4.4 Altana
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6.4.5 Arkema Group
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6.4.6 Ashland
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6.4.7 Axalta Coating Systems
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6.4.8 BASF SE
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6.4.9 The Chemours Company
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6.4.10 Clariant
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6.4.11 Dow
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6.4.12 Eastman Chemical Company
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6.4.13 ELEMENTIS PLC
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6.4.14 Evonik Industries AG
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6.4.15 K-TECH (INDIA) LIMITED
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6.4.16 The Lubrizol Corporation
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6.4.17 Solvay
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6.4.18 The Sherwin-Williams Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Rising Demand from Beverage Coatings in India
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APAC Paints & Coatings Additives Industry Segmentation
The Asia-Pacific paints and coatings additives market report includes:
| Type | |
| Biocides | |
| Dispersants and Wetting Agents | |
| Defoamers and Deaerators | |
| Rheology Modifiers | |
| Surface Modifiers | |
| Stabilizers | |
| Flow and Leveling Additives | |
| Other Types |
| Application | |
| Architectural | |
| Wood | |
| Transportation | |
| Protective | |
| Other Applications |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Australia & New Zealand | |
| ASEAN | |
| Rest of Asia-Pacific |
APAC Paints & Coatings Additives Market Research FAQs
What is the current Asia-Pacific Paints and Coatings Additives Market size?
The Asia-Pacific Paints and Coatings Additives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Paints and Coatings Additives Market?
Altana, Ashland, Dow, ELEMENTIS PLC and Solvay are the major companies operating in the Asia-Pacific Paints and Coatings Additives Market.
What years does this Asia-Pacific Paints and Coatings Additives Market cover?
The report covers the Asia-Pacific Paints and Coatings Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Paints and Coatings Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Paints & Coatings Additives Industry Report
Statistics for the 2024 APAC Paints & Coatings Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Paints & Coatings Additives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
