| Product Code: ETC5658349 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely heavily on coating additives imports, with Spain, Portugal, Areas, nes, China, and France being the top exporting countries. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a negative compound annual growth rate (CAGR) of -3.62% from 2020 to 2024. However, there was a notable uptick in growth from 2023 to 2024, with a growth rate of 8.32%, suggesting potential opportunities for expansion and development in the Cape Verde coating additives market.

The coating additives market in Cape Verde focuses on products used to enhance the performance and properties of coatings, including improved durability, color retention, and application properties. The demand for coating additives is rising due to their application in various industries such as automotive, construction, and consumer goods. Key factors driving this market include the need for high-performance coatings and advancements in additive technologies. However, regulatory challenges and the cost of raw materials may pose difficulties.
The coating additives market in Cape Verde is influenced by the growing need for improved performance characteristics in coatings, such as enhanced durability, resistance to environmental factors, and better adhesion properties. Innovations in coating technology and the demand for high-quality finishes in various applications, including automotive, industrial, and consumer goods, drive the need for specialized additives. Additionally, increased environmental regulations are pushing the development and adoption of eco-friendly additives.
Challenges in the Cape Verde coating additives market include the dependency on imported raw materials and additives, which can lead to supply chain disruptions and cost volatility. The market also struggles with a lack of advanced technology for developing innovative additives, impacting the ability to meet diverse industry requirements and environmental standards.
The coating additives market in Cape Verde is influenced by government policies aimed at supporting the chemical manufacturing sector. The government may implement regulations to ensure the safety and environmental impact of coating additives. This includes setting standards for the permissible levels of hazardous substances and promoting the use of environmentally friendly alternatives. Policies might also include research and development incentives to foster innovation in coating additives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Coating Additives Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Coating Additives Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Coating Additives Market - Industry Life Cycle |
3.4 Cape Verde Coating Additives Market - Porter's Five Forces |
3.5 Cape Verde Coating Additives Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Cape Verde Coating Additives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Coating Additives Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
4 Cape Verde Coating Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure development projects in Cape Verde |
4.2.2 Increasing demand for eco-friendly and sustainable coating additives |
4.2.3 Rising investments in the tourism sector leading to the development of hotels, resorts, and other commercial properties |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of skilled labor and technical expertise in the coating additives industry in Cape Verde |
5 Cape Verde Coating Additives Market Trends |
6 Cape Verde Coating Additives Market Segmentations |
6.1 Cape Verde Coating Additives Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Coating Additives Market Revenues & Volume, By Rheology Modifiers, 2021-2031F |
6.1.3 Cape Verde Coating Additives Market Revenues & Volume, By Dispersing, 2021-2031F |
6.1.4 Cape Verde Coating Additives Market Revenues & Volume, By Wetting Agent, 2021-2031F |
6.1.5 Cape Verde Coating Additives Market Revenues & Volume, By Impact Modifier, 2021-2031F |
6.1.6 Cape Verde Coating Additives Market Revenues & Volume, By Anti-Foaming, 2021-2031F |
6.2 Cape Verde Coating Additives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Coating Additives Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Cape Verde Coating Additives Market Revenues & Volume, By Architecture, 2021-2031F |
6.2.4 Cape Verde Coating Additives Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Cape Verde Coating Additives Market, By Formulation |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Coating Additives Market Revenues & Volume, By Water, 2021-2031F |
6.3.3 Cape Verde Coating Additives Market Revenues & Volume, By Solvent, 2021-2031F |
6.3.4 Cape Verde Coating Additives Market Revenues & Volume, By Powder Based, 2021-2031F |
7 Cape Verde Coating Additives Market Import-Export Trade Statistics |
7.1 Cape Verde Coating Additives Market Export to Major Countries |
7.2 Cape Verde Coating Additives Market Imports from Major Countries |
8 Cape Verde Coating Additives Market Key Performance Indicators |
8.1 Percentage increase in demand for water-based coating additives |
8.2 Number of new construction projects using advanced coating technologies |
8.3 Adoption rate of innovative coating additives technologies in the market |
9 Cape Verde Coating Additives Market - Opportunity Assessment |
9.1 Cape Verde Coating Additives Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Cape Verde Coating Additives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Coating Additives Market Opportunity Assessment, By Formulation, 2021 & 2031F |
10 Cape Verde Coating Additives Market - Competitive Landscape |
10.1 Cape Verde Coating Additives Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Coating Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |