| Product Code: ETC4482332 | Publication Date: Jul 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Sri Lanka import trend for the coating additives market experienced a decline in growth rate from 2023 to 2024, with a decrease of -16.11%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 75.55%. This decline in 2024 could be attributed to shifting market dynamics or changes in consumer preferences.
Coating additives enhance the performance and quality of coatings and paints. In Sri Lanka, the market is expanding alongside growth in construction and industrial sectors. Local production and imports cater to diverse additive requirements, emphasizing efficiency and environmental sustainability.
The coating additives market in Sri Lanka is growing due to the increasing need for enhanced performance and functionality in coatings. Additives are essential for improving properties such as durability, gloss, and UV resistance, making them crucial for high-quality coatings in construction, automotive, and industrial applications. The development of innovative additives that address specific performance requirements and comply with environmental regulations is driving market growth. Additionally, the expansion of the coatings industry and the rising demand for customized solutions are further boosting the market for coating additives.
In the coating additives market, Sri Lanka grapples with issues of dependency on imported raw materials, which leads to high production costs and vulnerability to global market fluctuations. The lack of local production facilities means higher import taxes and transportation costs. Additionally, strict environmental regulations on volatile organic compounds (VOCs) used in coating additives necessitate continuous innovation, which requires substantial investment in research and development.
Government policies in Sri Lanka concerning coating additives focus on product registration, safety standards, and environmental impact assessments. Policies aim to ensure that coating additives meet quality benchmarks, pose minimal health risks, and adhere to regulatory requirements for chemical usage and disposal. The government also promotes research and development in eco-friendly additives to support sustainable industrial practices.
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 Sri Lanka Coating Additives Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Coating Additives Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Coating Additives Market - Industry Life Cycle |
3.4 Sri Lanka Coating Additives Market - Porter's Five Forces |
3.5 Sri Lanka Coating Additives Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Sri Lanka Coating Additives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Sri Lanka Coating Additives Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
4 Sri Lanka Coating Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction industry leading to increased demand for coatings |
4.2.2 Rising investments in infrastructure projects |
4.2.3 Growing focus on eco-friendly and sustainable coating additives |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent environmental regulations impacting product development and pricing |
5 Sri Lanka Coating Additives Market Trends |
6 Sri Lanka Coating Additives Market, By Types |
6.1 Sri Lanka Coating Additives Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Coating Additives Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 Sri Lanka Coating Additives Market Revenues & Volume, By Rheology Modifiers, 2021-2031F |
6.1.4 Sri Lanka Coating Additives Market Revenues & Volume, By Dispersing, 2021-2031F |
6.1.5 Sri Lanka Coating Additives Market Revenues & Volume, By Wetting Agent, 2021-2031F |
6.1.6 Sri Lanka Coating Additives Market Revenues & Volume, By Impact Modifier, 2021-2031F |
6.1.7 Sri Lanka Coating Additives Market Revenues & Volume, By Anti-Foaming, 2021-2031F |
6.2 Sri Lanka Coating Additives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Coating Additives Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Sri Lanka Coating Additives Market Revenues & Volume, By Architecture, 2021-2031F |
6.2.4 Sri Lanka Coating Additives Market Revenues & Volume, By Industrial, 2021-2031F |
6.3 Sri Lanka Coating Additives Market, By Formulation |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Coating Additives Market Revenues & Volume, By Water, 2021-2031F |
6.3.3 Sri Lanka Coating Additives Market Revenues & Volume, By Solvent, 2021-2031F |
6.3.4 Sri Lanka Coating Additives Market Revenues & Volume, By Powder Based, 2021-2031F |
7 Sri Lanka Coating Additives Market Import-Export Trade Statistics |
7.1 Sri Lanka Coating Additives Market Export to Major Countries |
7.2 Sri Lanka Coating Additives Market Imports from Major Countries |
8 Sri Lanka Coating Additives Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly coating additives |
8.2 Number of new infrastructure projects using coating additives |
8.3 Research and development investment in innovative coating technologies |
9 Sri Lanka Coating Additives Market - Opportunity Assessment |
9.1 Sri Lanka Coating Additives Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Sri Lanka Coating Additives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Sri Lanka Coating Additives Market Opportunity Assessment, By Formulation, 2021 & 2031F |
10 Sri Lanka Coating Additives Market - Competitive Landscape |
10.1 Sri Lanka Coating Additives Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Coating Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |