HOME Press Releases Formulation Additives Market worth 27.86 billion USD by 2023



Formulation Additives Market worth 27.86 billion USD by 2023


The report "Formulation Additives Market by Type (Defoamers, Rheology Modifiers, Dispersing Agents), End Use Industry (Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring), and Region - Global Forecast to 2023", The formulation additives market is estimated at USD 20.62 billion in 2018 and is projected to reach USD 27.86 billion by 2023, at a CAGR of 6.2% during the forecast period.

                   Request Sample           Request Sample           download pdf

Browse 66 market data Tables and 32 Figures spread through 126 Pages and in-depth TOC on "Formulation Additives Market by Type (Defoamers, Rheology Modifiers, Dispersing Agents), End Use Industry (Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring), and Region - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/formulation-additive-market-66937534.html
Early buyers will receive 10% customization on reports.

The growth of the formulation additives market is primarily driven by the increasing use of these additives in industries such as construction, transportation, furniture & flooring, food & beverage, industrial and oil & gas, and others. In addition, the growth of formulation additives industries in emerging economies of India and China in APAC region are influencing the growth of the formulation additives market. Expansions and acquisitions undertaken by key market players are further fueling market growth.

Rheology modifiers: Largest type of formulation additives market

Rheology modifiers, dispersing agents, and defoamers are the most widely used types of formulation additives. Increasing demand for rheology additives to impart functions such as enhanced pigment wetting, excellent spatter resistance, and enhanced flow behavior is driving this segment. These formulation additives are used to adjust the flow behavior and consistency in formulations as well as aid in excellent performance. They help reduce pigment sedimentation in paints & coatings applications which drives the rheology modifiers additives market.

Construction industry: Largest end-use industry segment of formulation additives market

The construction industry is the largest end-use industry segment of the formulation additives market. Formulation additives are used in the construction industry for several applications, such as architectural coatings and building materials to optimize foam control, improve dispersing properties, and ensure better wetting. Rising standards of living and customer preferences for attractive homes and commercial spaces are leading to the increasing demand for formulation additives used in the construction industry, as they help enhance the building structures and reduce the need for maintenance.

Asia Pacific: Largest market for formulation additives in 2017

Asia Pacific is the largest and fastest-growing formulation additives market, globally. Growing construction and transportation industries in the Asia Pacific, along with increasing formulation additives manufacturing activities, offer significant opportunities for the use of formulation additives in the region. The market in the region is projected to grow at the highest CAGR during the forecast period. Increasing use of formulation additives in various industries, such as construction, transportation, and furniture & flooring is driving the formulation additives market in Asia Pacific.

Major players, such as BASF (Germany), Eastman (US), Evonik (Germany), BYK Additives (Germany), Dow (US), Cabot (US), Allnex (Germany), Münzing (Germany), Arkema (France), Honeywell (US), and Momentive (US) have adopted growth strategies such as expansions and acquisitions to strengthen their foothold in the formulation additives market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Designation :
* Country:
Report CH 6393: Formulation Additives Market by Type (Defoamers, Rheology Modifiers, Dispersing Agents), End Use Industry (Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring), and Region - Global Forecast to 2023
* Enter the text from the image
   to the textbox :
5 4 9 6 5  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports