Market Size of Paints and Coatings Additives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.79 Billion |
| Market Size (2029) | USD 10.57 Billion |
| CAGR (2024 - 2029) | 3.76 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Paints and Coatings Additives Market Analysis
The Paints and Coatings Additives Market size is estimated at USD 8.79 billion in 2024, and is expected to reach USD 10.57 billion by 2029, growing at a CAGR of 3.76% during the forecast period (2024-2029).
COVID-19 negatively impacted the market for paints and coatings additives in 2020. However, with the resumption of work in major end-user industries, the market is estimated to grow steadily in the coming years.
- The increased demand for architectural coatings is the major factor driving the market studied.
- Conversely, rising environmental regulations are expected to hinder market growth.
- Increasing demand for rheology modifiers in various industries will likely be an opportunity.
- Asia-Pacific dominated the global market, with the largest consumption in China and India.
