North America Paints and Coatings Additives Market Size (2024 - 2029)

The North America paints and coatings additives market is projected to experience substantial expansion, driven by the rising demand for environmentally friendly products. However, growth may be challenged by environmental regulations and the availability of low-quality substitutes. The development of advanced, eco-friendly additives is anticipated to offer future growth opportunities. The United States is expected to lead the market and exhibit the most rapid growth rate during the forecast period.

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Market Size of North America Paints and Coatings Additives Industry

North America paints and coatings additives market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

paint additives market trends

*Disclaimer: Major Players sorted in no particular order

North America Paints & Coatings Additives Market Analysis

The North America paints and coatings additives market is estimated to witness a significant growth, at an estimated CAGR of over 5%, over the forecast period. Increasing demand for environment-friendly products are expected to drive the market during the forecast period.

  • Environmental impacts and regulations, and presence of low-quality substitute are likely to hinder the market's growth.
  • Development of environment-friendly and advanced additives is expected to create opportunities for the market growth in the future.
  • United States is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

North America Paints & Coatings Additives Industry Segmentation

The North America 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
United States
Canada
Mexico
Rest of North America
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North America Paints and Coatings Additives Market Size Summary

The North America paints and coatings additives market is poised for substantial growth, driven by the increasing demand for environmentally friendly products. This growth is expected despite challenges such as environmental regulations and the presence of low-quality substitutes. The development of advanced and eco-friendly additives presents significant opportunities for future market expansion. The United States is anticipated to lead the market, benefiting from its status as a major producer of paints and coatings globally. The architectural segment, which includes additives for commercial and residential buildings, is a key area of focus. Additives such as rheological modifiers, defoamers, dispersants, and wetting agents are crucial for enhancing surface properties and improving the performance of coatings. The rising demand for decorative coatings in residential settings is expected to further drive the demand for these additives.

The construction industry in the United States plays a pivotal role in the growth of the paints and coatings additives market. The sector is experiencing expansion due to a robust economy and favorable conditions in commercial real estate, supported by increased funding for public works and institutional buildings. While the residential sector's growth is slower, the anticipated increase in housing demand due to population growth is significant. The commercial construction sector is also expected to see growth, with several large-scale projects underway. These developments are expected to boost the demand for paints and coatings, thereby increasing the need for additives. The market is partially consolidated, with key players including Altana, Ashland, Dow, ELEMENTIS PLC, and Solvay, who are instrumental in shaping the competitive landscape.

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North America Paints and Coatings Additives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Environment-Friendly Products

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Environmental Impacts and Regulations

      2. 1.2.2 Presence of low quality substitute

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Biocides

      2. 2.1.2 Dispersants and Wetting Agents

      3. 2.1.3 Defoamers and Deaerators

      4. 2.1.4 Rheology Modifiers

      5. 2.1.5 Surface Modifiers

      6. 2.1.6 Stabilizers

      7. 2.1.7 Flow and Leveling Additives

      8. 2.1.8 Other Types

    2. 2.2 Application

      1. 2.2.1 Architectural

      2. 2.2.2 Wood

      3. 2.2.3 Transportation

      4. 2.2.4 Protective

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Paints and Coatings Additives Market Size FAQs

The North America Paints and Coatings Additives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Altana, Ashland, Dow, ELEMENTIS PLC and Solvay are the major companies operating in the North America Paints and Coatings Additives Market.

North America Paints and Coatings Additives Report Snapshots

North America Paints and Coatings Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)