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North America Coating Additives Market Size, Share, Trends: By Type: Defoamers, Wetting and Dispersing Agents, Rheology Modifiers, Others; By Formulation: Water-Borne, Solvent-Borne, Others; By Application: Architectural Coatings, Can and Coil Coatings, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Coating Additives Market Outlook
The North America coating additives market size was valued at USD 3.18 billion in 2023. The market is further projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of USD 4.61 billion by 2032.
Key Takeaways
- In July 2023, construction spending expanded by 5.5% on a year-on-year basis in the United States of America.
- In 2021, the United States’ paint and coatings market employed 306,000 workers.
According to the North America coating additives market analysis, a shortage of houses on the market in the United States is prompting the demand for single-family housing projects. The country’s infrastructural sector is also receiving robust governmental support, which aids the demand for additives in coatings. For instance, in January 2024, the government announced over USD 4.9 billion in funding to 37 projects through two major grant programs, the Infrastructure for Rebuilding America (INFRA) grant program and the National Infrastructure Project Assistance (Mega) grant program.
Additionally, the demand for sustainable coatings is rising in the market as the region focusses on reducing the carbon footprint of its construction sector, thus impacting the North America coatings additives market growth. These paints have low VOC and high bio-content. Paint producers are capitalising on this trend by offering these products to contractors and manufacturers who want to improve the sustainability credits for their projects. The use of organic rheology modifiers is free of VOCs and can be easily added to solventless and VOC-compliant solvent-based systems. These are derived from renewable, bio-based materials, like castor, and can increase the sustainability of paints and coating. Rheology modifiers are crucial additives in coating formulations, controlling their stability, application properties, and sag resistance.
Market Segmentation
North America Coating Additives Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product Type
- Defoamers
- Wetting and Dispersing Agents
- Rheology Modifiers
- Others
Market Breakup by Formulation
- Water-borne
- Solvent-borne
- Others
Market Breakup by Application
- Architectural Coatings
- Can and Coil Coatings
- General Industrial Coatings
- Automotive and Transportation Coatings
- Wood and Furniture Coatings
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The key players in the coating additives market in North America are producing high-quality coating additives to enhance the quality of coatings to stay ahead in the market.
- Dow Inc.
- Eastman Chemical Company
- Ashland Inc.
- The Lubrizol Corporation
- Evonik Industries AG
- BASF SE
- Nouryon Chemicals Holding B.V.
- Clariant Ltd
- Arkema SA
- Atlanta AG
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Formulation |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Coating Additives Market Overview
8.1 Key Industry Highlights
8.2 Global Coating Additives Historical Market (2018-2023)
8.3 Global Coating Additives Market Forecast (2024-2032)
8.4 Global Coating Additives Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Coating Additives Market Overview
9.1 Key Industry Highlights
9.2 North America Coating Additives Historical Market (2018-2023)
9.3 North America Coating Additives Market Forecast (2024-2032)
10 North America Coating Additives Market by Type
10.1 Defoamers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wetting and Dispersing Agents
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Rheology Modifiers
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Coating Additives Market by Formulation
11.1 Water-Borne
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Solvent-Borne
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 North America Coating Additives Market by Application
12.1 Architectural Coatings
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Can and Coil Coatings
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 General Industrial Coatings
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Automotive and Transportation Coatings
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Wood and Furniture Coatings
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 North America Coating Additives Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dow Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Eastman Chemical Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ashland Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Lubrizol Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Evonik Industries AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BASF SE
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Nouryon Chemicals Holding B.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Clariant Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Arkema SA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Atlanta AG
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Coating Additives Market: Key Industry Highlights, 2018 and 2032
2. North America Coating Additives Market: Key Industry Highlights, 2018 and 2032
3. North America Coating Additives Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Coating Additives Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Coating Additives Historical Market: Breakup by Formulation (USD Billion), 2018-2023
6. North America Coating Additives Market Forecast: Breakup by Formulation (USD Billion), 2024-2032
7. North America Coating Additives Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Coating Additives Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Coating Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Coating Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Coating Additives Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.18 billion.
The market is expected to grow at a CAGR of 4.2% between 2024 and 2032.
The coating additives market in North America is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 4.61 billion by 2032.
Additives comprise emulsifiers, deformers, wetting and dispersing agents, speciality additives, anti-setting agents, and effluent treatment additives. These additives enhance the coating’s value.
A crucial function of the industrial coating is to protect surfaces it is applied on, such as timber, concrete, and leather from external damage.
The major drivers of the market include rising infrastructural construction, rising demand for sustainable coatings, and the need to build new houses to meet consumers' housing needs.
Key trends aiding market expansion demand for bio-based and organic ingredients, rising investments in the construction sector, and the need to develop high-quality coatings.
Major countries in the market are the United States of America and Canada.
The common types of coating additives are defoamers, wetting and dispersing agents, rheology modifiers, and others.
Key players in the market are Dow Inc., Eastman Chemical Company, Ashland Inc., The Lubrizol Corporation, Evonik Industries AG, BASF SE, Nouryon Chemicals Holding B.V., Clariant Ltd, Arkema SA, and Atlanta AG, among others.
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