The coating additives industry shows a steady development trend. In the future, local companies still need to accelerate their efforts to improve their strength.

Paint additives, also known as paint auxiliaries, refer to the auxiliary materials used when preparing paints. There are various types of coating additives. According to different properties, they can be divided into thickeners, driers, tougheners, emulsifiers, defoaming agents, antifungal agents, antistatic agents, antioxidants, anti-sag agents, Anti-sedimentation agent, etc. Coating additives are mainly inorganic compounds, organic compounds and high molecular polymers. They are common fine chemical products and are important raw materials for coating products.

Coating is a material that is coated on the surface of objects and plays a role in protection, decoration, insulation, anti-corrosion and other properties. It is currently used in construction, furniture, automobiles, real estate, decoration, textiles, ships, machinery, computers, consumer electronics, communications Equipment and other fields have been widely used, and the industry has broad room for development. According to data from the China Coatings Industry Association, from January to August 2022, the total output of my country’s coatings industry was approximately 22.597 million tons.

As a type of material that improves coating performance, improves coating defects, improves production processes, and maintains storage stability, coating additives have become an indispensable component of coatings. Currently, driven by the rapid development of terminal automobile, construction, furniture and other industries, the domestic market demand for coating additives is continuously increasing. According to the “Coating Additives Industry In-depth Market Research and Investment Strategy Suggestions Report 2023-2028” released by the Industrial Research Center, in 2022 The domestic coating additive market size has reached nearly 8 billion yuan in 2018, and the market has shown a steady development trend.

At present, the main international coating additive companies include AkzoNobel of the Netherlands, Arkema of France, Ashland Group of the United States, BASF of Germany, BYK Chemical of Germany, Dow Chemical of the United States, Eastman of the United States, Cabot of the United States, etc.; local companies mainly Including Chuanhua Chemical Group, Demei Fine Chemicals, Riko Chemicals, Ruifeng Polymers, Li Anlong New Materials, Tiangang Auxiliaries, etc. Since my country’s coating additives industry started relatively late, the domestic market currently relies heavily on imported products and has a low level of localization. There is huge room for industry growth in the future.

As a type of material that can come into contact with the human body and have a certain impact on human health and the environment, coatings and their Key material coating additives are developing in the direction of low odor, non-toxicity and high performance. Safe, environmentally friendly, efficient, cheap and sustainable water-based coating additives have become a segmented product with great development prospects in the domestic coating additive market.

Industry analysts said that coating additives, as an important part of coatings, are currently driven by the continued growth of demand in the coatings market. With continuous expansion, the industry shows good development prospects. However, at present, the domestic coating additive market is still dominated by leading foreign companies, and the degree of localization is low. In the future, local companies will need to increase product innovation, thereby promoting the continuous upgrading of the industry in the direction of high-end, and there is huge room for industry growth.