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

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

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

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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

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