Specialty chemicals known as Formulation Additives Market are added to a variety of products to improve their functionality and characteristics. They are employed in a number of sectors, such as packaging, automotive, construction, and personal care. In the upcoming years, there will likely be an increase in the demand for high-performance and environmentally friendly products across a number of industries, which will fuel market growth for formulation additives. Additionally, the market is anticipated to gain from product innovation and technological advancements.
By type, function, application, and region, the market is divided. Dispersants, defoamers, rheology modifiers, wetting agents, and others are examples of formulation additive types. Among other things, formulation additives can increase viscosity, enhance color, extend shelf life, and improve adhesion. Paints and coatings, adhesives and sealants, plastics and composites, and personal care products are just a few of the products for which formulation additives are used.
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Segmentation of Formulation Additives Industry Research
- By Type :
- Dispersing Agents
- Rheology Modifiers
- Defoamers
- Others
- By Application :
- Construction
- Transportation
- Furniture & Flooring
- Food & Beverages
- Industrial
- Oil & Gas
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Takeaways from Market Study
- The global formulation additives market has been estimated to expand at a CAGR of 6.9% through 2033.
- Demand for formulation additives is projected to reach US$ 41 billion by the end of 2033.
- The market in Germany is expected to progress at a CAGR of 5.2% from 2023 to 2033.
- The present value of the global formulation additives market is US$ 20.9 billion.
- Asia Pacific is estimated to hold the largest share of the global market.
- The Canadian market is forecasted to advance at a CAGR of 5.8% through 2033.
Winning Strategy
Prominent players in the market are adopting mergers & acquisitions and others strategies to generate novel opportunities over the coming years.
For instance,
- Borchers was purchased by materials science firm Milliken & Company. The latter is a pillar of the paint and coatings sector. In the upcoming years, Milliken is expected to experience growth due to its extensive customer base and comprehensive portfolio of additives for coatings, adhesives, and inks.
Key suppliers of formulation additives are:
Trio, San Nopco, Patcham FZC, Lehmann & Voss & Co., Harmony Additives, Elementis, and Cytec are a few companies that use additives. (Solvay). These market participants handle both domestic and international shipments of formulation additives.
This new research report from Fact.MR lists recent developments and pricing trends in the market for formulation additives.
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