The global coating additives market size is anticipated to reach $11.91 billion by 2026, growing at a CAGR of 4.8% during the forecast period, according to a report published by polaris market research.
Rapidly growing demand of coating additives from numerous enduse industries is anticipated to be the major driver for the market. The essential constituents of coatings, the process of its composition and environmental-based parameters have mainly driven the innovation for this market. The regulatory framework backed up by environmental & health concerns include reduction or complete elimination of volatile organic compounds (VOC) or any other constituent that is known to be hazardous in nature.
The application sectors for coating additives have witnessed moderate growth, however, demand for novel and innovative additive compositions are anticipated to increase rapidly. Pressure due to environmental impact of these coating additives is considered to be a major driving parameter driving forces for advent of new types of coating additives.
