Kusumgar, Nerlfi & Growney Releases Study on Market for Coating and Inks Additives
ELMWOOD PARK, NJ — According to a new study by the consulting firm Kusumgar, Nerlfi & Growney, global consumption of five of the leading coating and ink additives (rheology modifiers, dispersants, foam control, wetting, and slip and rub) was 2.53 billion pounds in 2017, worth $5.12 billion. A 4% annual rate of growth is forecast for these additives through 2022, which about matches the overall growth of the 102 billion pounds of coatings and inks produced in 2017.
Resins, pigment and fillers, and water and solvent comprise over 95% of the ingredients employed in coatings and inks. However, it is the small-volume additives that maximize the manufacture process, stability, appearance, performance and application properties of a formulation. The five leading additives comprised 2.5% of the world’s volume output of coatings and inks in 2017. Coatings and inks continue to change to meet application, performance, environmental and consumer demands. Additives are the small-volume materials used to achieve successful products.
Water-based technology took 70% of the additive volume and 59% of the value and is growing 5% per year. Water-based architectural coatings took 80% of the water-based additive pounds and 70% of the dollars. Solvent-based technology consumed 27% of the additive pounds and 37% of the dollars and is growing at a more modest 3% annual rate. The 100%-solids technologies include powder, radcure and other 100%-solid liquids. They utilized 3% of the additive pounds and 5% of the dollars and are increasing 5% per year.
The above information is contained in Kusumgar, Nerlfi & Growney’s study, Global Coating & Ink Additives, 2017-2022. The study is available through subscription. Interested parties are invited to contact the company by calling 201/773.0785 or by e-mail at firstname.lastname@example.org. Additional information can be obtained at www.kusumgar-nerlfi-growney.com.