According to the report by Expert Market Research (EMR), the global plasticisers coating additives market size is projected to grow at a CAGR of 5.8% between 2024 and 2032. Aided by the burgeoning demand across diverse industrial sectors and the advancement in coating technologies, the market is expected to grow significantly by 2032.
Plasticisers, pivotal in the realm of coating additives, are compounds incorporated in coatings to enhance flexibility, reduce brittleness, and improve the overall durability of the coated surfaces. These additives find extensive usage in various coatings, including automotive, architectural, and industrial coatings. Their ability to impart superior properties such as improved adhesion, weather resistance, and elongation, positions them as indispensable components in the coatings industry.
The plasticisers coating additives market demand is predominantly driven by the robust growth in the automotive and construction sectors, where the demand for high-performance coatings is continually escalating. In the automotive industry, plasticisers are integral in creating durable, weather-resistant coatings that enhance vehicle longevity and aesthetics. Concurrently, in the construction sector, the surge in infrastructure development activities worldwide has augmented the demand for architectural coatings, where plasticisers play a crucial role in ensuring the coatings’ longevity and aesthetic appeal.
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Additionally, the shift towards eco-friendly and sustainable products has significantly influenced the plasticisers coating additives market outlook. The growing environmental concerns and stringent regulatory standards have led to the development of bio-based and non-toxic plasticisers, catering to the demand for environmentally sustainable solutions in the coatings industry. This evolution is not only a testament to the industry’s adaptability but also paves the way for innovative, green solutions in coating formulations.
According to the plasticisers coating additives market analysis, advancements in coating technologies, such as the development of UV-curable and water-based coatings, have opened new avenues for plasticiser applications. These technologies offer benefits like reduced VOC emissions and shorter curing times, aligning with the environmental sustainability goals and enhancing the efficiency of coating processes. The integration of plasticisers in these advanced coatings ensures that the ecological benefits are not attained at the expense of performance, thus propelling their adoption across various industries.
A significant plasticisers coating additives market trend is the use of specialised plasticisers in niche applications. For instance, in the electronics industry, coatings with specific properties like electrical conductivity and electromagnetic interference shielding are gaining traction, where plasticisers are tailored to meet these unique requirements. Similarly, in the food packaging industry, plasticisers are used to develop coatings that are safe for food contact and provide necessary barrier properties, underscoring their versatility and adaptability across diverse application spectrums.
Plasticisers Coating Additives Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
- Phthalate Plasticisers
- Di-octyl Phthalate (DOP)
- Dibutyl Phthalate (DBP)
- Others
- Non-Phthalate Plasticisers
- Acetyl Tri-Butyl Citrate (ATBC)
- Dioctyl Adipate (DOA)
- Others
- Bio-Based Plasticisers
- Epoxidised Vegetable Oils
- Castor Oil
- Succinic Acid
- Others
Market Breakup by End Use
- Pharmaceuticals
- Construction and Remodelling
- Electronics and Communication
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Plasticisers Coating Additives Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global plasticisers coating additives market. Some of the major players explored in the report by Expert Market Research are as follows:
- BASF SE
- Arkema Group
- Evonik Industries AG
- Exxon Mobil Corporation
- Eastman Chemical Company
- LG Chem
- INEOS Group
- Others
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