In 2018, the global paint additive market was 6.99 billion euros.

The global paint additive market in 2018 is 6.69 billion euros, with a compound annual growth rate of 6.14% from 2018 to 2023. At present, the Asia-Pacific region is in the leading position in the demand for paint additives, and this trend is expected to continue in the next few years. The consumption of coatings additives in Asia-Pacific region was about 41% in 2018, which was higher than that of online coatingol.com in North America. The main contributors to market growth in the region are fast-growing economies, including China, India and South Korea, which accounted for more than 80% of total regional consumption in the same year.Additives are used in a small amount in solvent-based, Water-based and powder coatings. Additives accounted for 0.1-5% of the formula concentration, controlling rheological properties, sliding and friction, wetting and dispersing, and foam reduction, making them an important part of the formulation. It is estimated that the water-borne coatings sector accounts for about half of the total demand for additives. This is because people are increasingly aware of environmentally friendly products that reduce VOC and APO emissions, which are expected to boost demand for water-based and powder coatings over the next five years. Subsequently, the demand for additives is expected to increase.

The main types of paint additives used are acrylic acid, metal additives, carbamate, fluorinated polymers, and other types including polyalkyl compounds, amides, paraffin modified, calcium sulfonate and epoxy resins. Acrylic additives include polyacrylate, acrylamide and vinyl. Additives with metal base are Titanium Dioxide, zinc sulfide and Barium Sulfate. Polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF) and ethylene fluoride propylene (FEP) are commonly used additives in fluorinated polymers.

It is expected that the growing construction and other manufacturing industries (such as automobiles, paints and coatings) in the Asia-Pacific region will promote the development of the acrylic acid market. The low cost of acrylic resin is also a key factor to promote the development of the Asia-Pacific market. The global paint additive market is witnessing the growth of demand in various end-use industries. Coating additives are a group of special chemical engineering materials, which can be used in many industries. Due to the enhanced performance of these materials, their use in paint formulations is becoming more and more popular. They give formulations excellent chemical properties, including improved wettability, dispersibility, rheological properties, UV protection, chemical resistance and high temperature stability. They are widely used in many industrial fields under harsh conditions. The antimicrobial properties of these additives are useful in many applications. Because of their special functions and lower production compared with the formula, their prices are relatively high. Building is the greatest application of paint additives, which can improve the quality of building structure for a long time and reduce the intermittent maintenance of structure. Architectural application is the main part of the paint additive market. Due to the increased investment in infrastructure activities, the high growth of this sector is mainly driven by the fast-growing construction industry. Therefore, with the increase of construction activities, the demand for paint additives is also increasing. Industrial applications such as offshore platforms, underground pipelines and towers are affected by the maximum pressure environment. Therefore, additives are used in these applications to provide corrosion resistance, heat resistance and moisture resistance. Economic expansion in different regions will gradually lead to more industrial activities, which may contribute to the market of paint additives. On the other hand, the growing automotive industry, as well as the wood and furniture industry, provide important opportunities for paint additive manufacturers. High performance paint additives are used in furniture to prolong its service life. The requirement of high-level customization in the automotive industry is also the key driving factor in the paint additive market.

At present, most end-use applications require coatings with different properties, not only in the processing process, but also in the final product. In addition to the properties required for high performance, aesthetic appearance is an important feature of all types of substrates, in which additives are modified to play an effective role in solvent-based, powder-based and water-based coatings. In addition, due to environmental regulations, paint manufacturers are emphasizing the redeployment of their products, which in turn promotes the demand for innovative additives. The surge in demand for multifunctional additives is a major factor contributing to the growth of the global paint additive market. Multifunctional additives are used in paint formulation. Their performance level is similar to that of single additive, which reduces the cost.