Additives for Floor Coatings Market: By Type (Anti-Foaming Additives, Wetting & Dispersion Additives, Biocidal Additives, Rheology Modification Additives, Impact Modification Additives, Others), By Formulation Type (Solvent-Based, Water-Based), By Application (Industrial Use, Commercial Use, Residential Use), and Geography

Additives For Floor Coatings Market was valued at USD 10,753.1 million in 2022 and is poised to grow at a CAGR of 6.1% over 2023-2029.  Additives for floor coatings are specialized substances that are added to floor coating formulations in order to improve certain properties and performance that are made to address particular challenges or requirements related to floor coatings, such as adhesion, durability, slip resistance, chemical resistance, and aesthetics. The kind of floor coating, the substrate, and the planned usage of the coated surface all affect the additives that are chosen. The increasing number of projects in the construction industry, including residential, commercial, and industrial drives the additives for the floor coatings market. Furthermore, the consumers' growing demands for customizable and aesthetically pleasing flooring solutions to maintain distinctive aesthetics and finishes are anticipated to propel the market growth.

In addition, fulfilling the particular requirements to maintain environmental hygiene and cleanliness in the pharmaceutical and healthcare sectors contributes significantly to the market’s significant increase in demand. Additionally, the growing customer demands for maintaining aesthetics have provided several opportunities for the manufacturers to develop aesthetically pleasing and adaptable flooring alternatives in the market. Currently, the environmental laws and the desire for better indoor air quality are driving a trend toward volatile organic compound (VOC)-free coating compositions. But the adoption of stringent environmental and safety regulations for the development of certain additives along with the high cost of those additives in the residential sector may hinder the market growth. However, the increasing demand for more sophisticated and high-performance floor coverings, rising construction activities, growing trend of renovating commercial and residential spaces, ongoing research and developmental activities, and technological activities are anticipated to burgeon the market growth during the forecast years.

Additives For Floor Coatings Market Key Developments:

• In October 2023, Gerdau Graphene launched two new additives specifically formulated for the paint and coatings industry: NanoDUR and NanoLAV. The additives utilize graphene nanoplatelets to deliver performance improvements for water-based paints and coatings, without altering pH levels.
• In February 2021, BYK launched BYK-329 and BYK-092, silicone-containing surface additive for both solvent-free and solvent-borne systems, that greatly reduces surface tension, especially in floor coatings and general industrial coatings, and promotes leveling and defoaming properties.