According to European Coatings magazine, the industry is undergoing a major shift towards sustainable alternatives, driven by the European Green Deal and the United Nations’ sustainability goals. Additives are increasingly becoming bio-based, more environmentally friendly and offer solutions for low-VOC formulations that comply with current regulations. This is particularly evident in the development of bio-based coating additives derived from renewable resources.
The market for coating additives is expected to grow from EUR 7.62 billion in 2023 to EUR 9.63 billion in 2028, at a CAGR of 4.70%. This growth forecast is fuelled by the increasing demand for environmentally friendly and high-performance coatings.
Sustainable change in the coatings industry: the rise of environmentally friendly additives