Formulation Additives Market was valued at USD 19.48 billion in 2017 and is projected to reach USD 27.86 billion by 2023, at a CAGR of 6.2% during the forecast period. In this report, 2017 is considered the base year and the forecast period is 2018-2023.
The study’s goals are as follows:
• The goal of this study is to estimate and forecast the size of the formulation additives market in terms of revenue.
• To give extensive information on important variables driving the growth of the formulation additives market, such as drivers, restraints, opportunities, and challenges.
• to conduct a strategic analysis of micromarkets1 in terms of individual growth trends, prospects, and market contribution
• To define, describe, and forecast the market for formulation additives by kind and end-use industry.
• To forecast market segment sizes in five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
• To provide stakeholders with an analysis of prospects in the formulation additives industry as well as a competitive landscape of the market.
• To develop a strategic profile of important players and conduct a thorough analysis of their market shares and core strengths.
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To estimate and validate the size of the formulation additives market, as well as the sizes of various key dependent submarkets, top-down and bottom-up methodologies were utilised. Secondary sources were used to locate and collect information for a technical, market-oriented, and commercial analysis of the formulation additives market, including directories and databases such as Hoovers, Chemical Weekly, Factiva, Bloomberg Businessweek, and publications by well-known writers.
Key Players:
● BASF (Germany)
● Eastman (US)
● Evonik (Germany)
● BYK Additives (Germany)
● Dow (US)
● Cabot (US)
● Allnex (Germany)
● Arkema (France)
● Momentive (US)
● Münzing (Germany)
● Honeywell (US)
The main target audience is:
• Manufacturers of Formulation Additives
• Suppliers of Formulation Additives
• Suppliers of Raw Materials
• Distributors of Formulation Additives
• Organizations that conduct research
• Governmental Organizations
• End-use Companies
• Chemical and Material Sector Consulting Companies/Consultants
This research report categorizes the formulation additives market based on type, application, and region.
Based on Type:
● Dispersing Agents
● Defoamers
● Rheology Modifiers
● Others
Based on Application:
● Construction
● Industrial & Oil & Gas
● Transportation
● Furniture & Flooring
● Food & Beverage
● Pharmaceuticals
● Others
Based on Region:
● North America
● Europe
● Asia Pacific
● Middle East & Africa
● South America
The market for formulation additives was valued at USD 20.62 billion in 2018 and is expected to grow at a CAGR of 6.2 percent to USD 27.86 billion by 2023. The increased need for formulation additives in the construction and transportation industries can be ascribed to this expansion. In addition, rising demand for formulation additives in emerging economies due to increased furniture & flooring and oil & gas manufacturing is a major driver driving the growth of the formulation additives market.
The goal of employing these additives is to increase performance as well as material processing features and qualities. Dispersing agents, rheology modifiers, defoamers, and other formulation additives are the most common. Construction, transportation, industrial, and oil & gas, as well as food & beverage, furniture & flooring, and other industries, all employ formulation additives.
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The formulation additives market is being driven by increased use of formulation additives in the construction and transportation industries, as well as rapid growth in emerging countries. High growth is being experienced in Asia Pacific, the Middle East and Africa, and South America, and this trend is expected to continue in the future years. The development of the building, transportation, and oil and gas industries in these regions is primarily driving this increase. Because of the increasing development in construction projects and infrastructure operations, the construction industry dominates the overall formulation additives market.
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