Continuous innovations and expansions drive the dynamic global coating additives market to meet increasing demands in various industries. In March 2023, BASF revealed intentions to increase its polymer dispersions production capacity with a second production line at its facility in Guangdong, China's Daya Bay Petrochemical Industrial Park. The market's potential and the ongoing focus on meeting global requirements for high-performance coatings are demonstrated by major players like BASF through strategic expansions.