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.