The U.S. coatings additives market is projected to grow from $8.72 billion in 2024 to $11.04 billion by 2029, reflecting a robust demand for innovative solutions in the industry [88a084e2]. This growth aligns with the broader trend in the global paints and coatings market, which is expected to reach $278.38 billion by 2030 [88a084e2]. Gehring Montgomery, a key player in the market, reported a record-breaking sales year in 2024, largely attributed to its merger with Strohmeyer and Keim-Additec Surface USA [88a084e2]. Meanwhile, Micro Powders has also experienced strong sales growth, expanding its portfolio to include PTFE replacements [88a084e2].
In response to industry challenges, Munzing is addressing a shortage of skilled formulators by expanding its team of chemists, aiming to enhance product development capabilities [88a084e2]. Additionally, Shamrock Technologies is navigating regulatory changes that have prompted innovation in sustainable formulations [88a084e2]. However, potential tariffs may pose challenges for the market in 2025, although Gehring Montgomery appears well-positioned to adapt [88a084e2]. The coatings industry overall is expected to grow by 2.3% in 2025, indicating a steady recovery and demand for advanced coatings solutions [88a084e2].
As the market evolves, Gehring Montgomery is focusing on new technologies, including graphene and synthetic emulsions, to stay competitive [88a084e2]. Munzing is also committed to developing cleaner, greener products, reflecting a growing emphasis on sustainability within the industry [88a084e2].