Acid Catalysts In Coatings Market - Forecast(2023 - 2028)

Report Code: CMR 1465 Report Format: PDF + Excel

Acid Catalysts In Coatings Market Overview

Acid Catalysts In Coatings Market size is estimated to grow at a CAGR of 3.7% during the forecast period 2022-2027. The acid catalyst is used to catalyze a chemical reaction. The acid catalyst is used in many industries and sectors to fasten the pace of a reaction. There are many kinds of acid catalysts used in different industries like hydrofluoric acid, dinonylnaphthalene disulfonic acid, dodecylbenzenesulfonic acid, p toluenesulfonic acid (PTSA), polystyrene sulfonate with enhanced acid strength within confined nano-space. The advantage of using an acid catalyst in coatings is that it performs esterification and transesterification simultaneously. These acids are used in automotive industries, electrical and electronics, packaging, and paint industries. Acid catalysts are majorly used in food and packaging to protect from microbial diseases. It is gaining popularity as it is used in edible as well as non-edible foods. It is also majorly used in the automotive industry due to its fast response, corrosion prevention, and high-temperature handling. But sometimes due to its acidic nature, it causes serious corrosion to reactor walls, valves, and pipelines. As the COVID-19 spread across the world, the demand and production of coatings significantly decreased. As a result of which the demand for Acid Catalysts In Coatings also experienced a setback in its market revenue during the coronavirus pandemic.

Report Coverage 

The report: “Acid Catalysts In Coatings Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Acid Catalysts In Coatings Market.

By Type – Sulphuric Acid, Sulfonic Acid, Hydrochloric Acid, Organic Sulfonic Acid, Ferric Acid, and Others.
By Form – Liquid and Solid
By Application – Decorative Coatings, Industrial Coatings and Special Coatings
By End-Use Industry – Automotive (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Aerospace (Commercial Aviation, Military Aviation), Marine (Passenger, Cargo, and Others), Building and Construction (Residential, Commercial, Industrial, Infrastructural), Packaging (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals and Others) and Others
By Geography – North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), and South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

Asia-Pacific dominates the acid catalyst market by owning a major production and manufacturing unit in the paint and coatings sector. Hence, the use of acid catalysts is high in the Asia-Pacific region.
Acid catalysts are majorly used in the mining and refinery sector to increase the rates of many chemical reactions by choosing a specific mineral and catalyst and hence increasing their demand in the mining and refinery sector.
Acid catalysts are recently used in many automotive applications to improve the performance of appliances and refinish the coatings and therefore see major growth in their demand.

Figure: Asia-Pacific Acid Catalysts In Coatings Market Revenue, 2021-2027 (US$ Million)

Acid Catalysts in Coatings Market

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Acid Catalysts In Coatings Market Segment Analysis – By Application

The Decorative Coatings segment held a significant share in the acid catalyst in coatings market in 2021 and is growing at a CAGR of 4.2% during 2022-2027. An acid catalyst plays a significant role in decorative paints and coatings as it has low odor, quick drying properties, and good scratch resistance. Adding acid catalysts to decorative paints can lead to some additional properties which can be used on wooden surfaces, interior designing, wall paintings, and many more. Acid catalysts are added to decorative paints to reach a high level of performance as well as it is also used to replace air bubbles from the surface of particles. Adding acid catalysts leads to better wetting pigments, which leaves a glossy layer at the coating. These decorative paints, after mixing with acid catalysts can then be used in both solvent-borne and water-borne paints. Therefore, the increase in the production and manufacturing of decorative paints leads to an increase in the use of acid catalysts.

Acid Catalysts In Coatings Market Segment Analysis – By End-Use Industry

The Building and Construction segment held a significant share in the acid catalysts in the coatings market in 2021 and is growing at a CAGR of 5.8% during 2022-2027. Decorative coatings produced using acid catalysts are used in residential, commercial, industrial, and infrastructural units like walls, bridges, lamp posts, roofs, and many more. The use of decorative paints in the construction industry is increasing day by day and the construction industry is also experiencing steady growth. According to India Brand Equity Foundation, Prime Minister of India Mr. Narendra Modi announced Rs. 100 lakh crore master plan for multi-modal connectivity in October 2021, to develop infrastructure to lower logistic costs and improve the economy. Also, according to the World Bank, in 2020, the total revenue generated by China in the building and construction industry was US$ 5,568,271 million. Thus, as the building and construction industry is growing at a steady pace, the use of decorative paints will also increase which will lead to an increase in the use of acid catalysts.

Acid Catalysts In Coatings Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the acid catalysts in the coatings market in 2021 up to 41%. This growth is mainly due to the increased use of paints and coatings in end-use industries such as construction, automotive, aerospace, and more. The demand increased in countries like China, India, and ASEAN countries. The industries like automotive, construction, and aerospace are gaining a lot of popularity in Asian countries, for instance, according to International Trade Administration, China has the world’s largest construction market and the urbanization rate reached 60.6% in 2019. Thus, the increase in the construction industry leads to an increase in the use of acid catalysts. According to International Trade Administration, the Indian aviation industry supports 19.1 million jobs and contributes US$ 172 billion to the country's GDP in 2021. Therefore, the increased revenue in the aviation industry also leads to the increased use of acid catalysts. The acid catalysts in the coating market are gaining popularity and are expected to increase more during the next few years.

Acid Catalysts In Coatings Market Drivers

A surge in Food and Packaging

Acid catalysts are used in the packaging of food materials. The reaction of amino resins and polyols is complex; thus, it often requires acidic catalysts. The efficiency of the catalyst depends on the acidity and the overall reaction rate. Frequently used catalysts in packaging are e p-toluenesulfonic acid (PTSA), dodecylbenzene sulfonic acid (DDBSA), and organic phosphoric acid. Different acid catalysts are also used for food processing. Recently, acetic acid is used as an antimicrobial edible food coating agent. Some new applications like edible and non-edible antimicrobial coating have gained popularity. Acidulants (a kind of acid catalyst) are also used in food coating, which may be edible or non-edible, to protect the food from bacterial infection. The water-soluble non-edible coating is used for packaging food whereas the edible coating is used as a breath freshening agent. According to Frontiers in Nutrition, there will be an increase of 50% in global food supplies by 2050. Thus, the demand for acid catalysts in food and packaging will increase at a steady rate. Hence, acid catalysts are majorly used in the food and packaging industry.

Increased use in the automotive industry

Acid catalysts in coatings are highly used in the automotive industry in various applications like coil coating, fast cure response, used in high-solids braking systems, and many more. Using catalysts in automotive industries improves the performance of automotive OEM and refinishes the coatings. The acid catalysts reduce the time and temperature needed to cure the system. These systems are used for primer and top coat formulations in the automotive market. Selecting the proper acid catalysts can improve the cross-linking of the final coating. Acid catalysts like non-tin catalysts offer excellent cure profiles without harmful metals. These catalysts provide high gloss pigments in the automotive industry. According to India Brand Equity Foundation, In January 2022, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles increased and reached 1,860,809 units. Thus, the growth is increasing at a steady rate and hence, the growth of acid catalysts will be there in the automotive industry. 

Acid Catalysts In Coatings Market Challenges

Serious Damages Due to Acidic Nature

Using acidic catalysts in coatings can sometimes lead to difficult situations like using strong acidic properties catalysts can cause serious corrosion to reactor walls, pipelines, and valves. As nature is acidic, it is difficult to separate the catalyst from the reaction. Therefore, acid catalysts are not favored for commercial biodiesel production as they can sometimes lead to severe after-effects but they are a suitable choice for esterification reactions due to their simple molecular structure. According to the United States Environmental Protection Agency, the market for biodiesel and renewable diesel industry was 2.8 billion gallons in 2019. Thus, the use of acid catalysts in a simpler reaction is favorable when compared to rigorous reactions. 

Acid Catalysts In Coatings Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the acid catalysts in the coatings market. acid catalysts in the coatings market top 10 companies are:

  1. Allnex
  2. King Industries, Inc.
  3. Ilshim Fine Chemical
  4. Nease Co. LLC
  5. Ultrimax Coatings Ltd.
  6. Sinocompound Catalysts Co. Ltd
  7. Pilot Chemical Company
  8. Keeneyes Industrial Corp.
  9. Shepherd Color Co
  10. Arkema

Recent Developments

  • In January 2022, Sinocompound Catalysts Co., Ltd. partnered with InCatT to launch a specialist Catalyst Screening Service for pharmaceutical, and fine chemical companies looking to optimize their reactions.
  • In March 2019, Arkema increased its prices by 7% on Dimethylethylamine(DMEA) and Dimethylisopropylamine (DMIPA) catalysts due to its higher production costs related to raw materials, transport, and energy.
  • In May 2021, Sinocompound expands its range with new advanced high-quality Buchwald ligands and precatalysts to provide the customers with a wider range of options of ligands to meet their cross-coupling needs.

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1. Acid Catalysts In Coatings Market- Market Overview
    1.1  Definitions and Scope
2. Acid Catalysts In Coatings Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Form
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Acid Catalysts In Coatings Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Acid Catalysts In Coatings Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Acid Catalysts In Coatings Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Acid Catalysts In Coatings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Acid Catalysts In Coatings Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Acid Catalysts In Coatings Market – By Type (Market Size -$Million/Billion)
    8.1 Sulfuric Acid
    8.2 Sulfonic Acid
    8.3 Hydrochloric Acid
    8.4 Organic Sulfonic Acid
    8.5 Ferric Sulfate
    8.6 Others
9. Acid Catalysts In Coatings Market – By Form (Market Size -$Million/Billion)
    9.1 Liquid
    9.2 Solid
10. Acid Catalysts In Coatings Market – By Application (Market Size -$Million/Billion)
    10.1 Decorative Coatings
    10.2 Industrial Coatings
    10.3 Special Coatings
11. Acid Catalysts In Coatings Market– By End-Use Industry (Market Size -$Million/Billion)
    11.1 Automotive
        11.1.1 Passenger Cars
        11.1.2 Light Commercial Vehicle
        11.1.3 Heavy Commercial Vehicle
    11.2 Aerospace 
        11.2.1 Commercial Aviation
        11.2.2 Military Aviation
    11.3 Marine
        11.3.1 Passenger
        11.3.2 Cargo
        11.3.3 Others
    11.4 Building and Construction
        11.4.1 Residential
        11.4.2 Commercial
        11.4.3 Industrial
        11.4.4 Infrastructure
    11.5 Packaging
        11.5.1 Food & Beverages
        11.5.2 Personal Care & Cosmetics
        11.5.3 Pharmaceuticals
        11.5.4 Others
    11.6 Others
12. Acid Catalysts In Coatings Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Acid Catalysts In Coatings Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Acid Catalysts In Coatings Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
15. Acid Catalysts In Coatings Market – Key Company List by Country Premium Premium
16. Acid Catalysts In Coatings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"