Waterborne Coating Additives Market To Reach $6.09 Billion By 2030

Waterborne Coating Additives Market Growth & Trends

The global waterborne coating additives market size is expected to reach USD 6.09 billion by 2030, registering a CAGR of 6.1% during the forecast period, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts. 

Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022. 

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Waterborne Coating Additives Market Report Highlights

• Global waterborne coating additives market was valued at USD 3.80 billion in 2022 and growing at a CAGR of 6.1% from 2023 to 2030.

• Global wetting & dispersion agents market size expected to expand at the fastest CAGR of 7.0% and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.

• Europe held a significant market share in 2022 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.

• Asia Pacific is estimated to witness the fastest growth both in terms of demand and value and accounted for a global market revenue share of 40.1%. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.

Waterborne Coating Additives Market Segmentation

Grand View Research has segmented the global waterborne coating additives market on the basis of product, application, and region:

Waterborne Coating Additives Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• Wetting & Dispersion Agents

• Defoaming

• Rheology Modifiers

• Hydroxyethyl Cellulose (HEC)

• Hydrophobically Modified Hydroxyethyl Cellulose (HMHEC)

• Ethyl hydroxyethyl Cellulose (EHEC)

• Hydrophobically Modified Polyacetal Polyether (HMPAPE)

• Hydrophobically Modified Ethoxylated Urethane (HEUR)

• Flow Additives

• Others

Waterborne Coating Additives Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• Industrial

• Architectural

• Others

Waterborne Coating Additives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Waterborne Coating Additives Market

• AkzoNobel N.V.

• Evonik

• BASF SE

• BYK

• Harmony Additive Pvt. Ltd.

• Dow

• Belami Fine Chemicals Pvt. Ltd.

• Allnex GMBH

• Huber Engineered Materials

• Falcon Technologies

• Shah Patil and Co.

• Arxada

• KaMin LLC

• The Lubrizol Corporation