According to the current analysis of Reports and Data, the global Formulation Additives Market was valued at USD 22.02 billion in 2019 and is expected to reach USD 35.63 billion by year 2027, at a CAGR of 6.2 %. Formulation additives are extensively used to adjust the qualities of the adhesive formulation, which helps in improving the efficiency, durability and appearance of the product. Formulation additives are also used to enhance the building structures and reduce the need for maintenance. They are widely used in adhesive and sealant application. The demand for formulation additives is rapidly increasing due to its increasing use in number of industries. The global formulation additives market is propelled by number of factors such as increasing use of formulation additives in construction and transportation industries, rising demand for formulation additives in oil & gas manufacturing, food & beverage. However, increasing prices of raw materials is a major hindrance for the growth of global formulation market.
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Major Companies Operating in the industry and profiled in the report are:
BASF, Eastman, Evonik, BYK Additives, Dow, Cabot, Allnex, Münzing, Arkema, Honeywell, Momentive
Further key findings from the report suggest:
Rheology modifiers are important additives used in almost every coating to achieve desired rheological characteristics for the particular application. Apart from getting desired viscosity, these additives also help in controlling paint shelf stability, ease of application, open time / wet edge and sagging
Rheology modifiers are further segmented into organic and inorganic rheologic modifiers. Usually organic rheology modifiers are surface active and they may be part of the polymeric film matrix during film-formation. Organoclays, organically modified laminar silicates, are the most widely used inorganic Rheology modifiers and are being applied for various purposes in the paint and coating industry
Defoamers are widely used due to its ability to suppress and destroy foam and its negative effects prior to and during application of a coating. By removing or inhibiting air bubbles they are vital process aids throughout the paint production, as well as the application process
Dispersing Agents are usually used to wet and stabilize pigments and other particles within paints, coatings and ink formulations. For formulators they represent an important component as they provide color strength, gloss, viscosity stability and prevent sedimentation of particles
On the basis of type, the global formulation additives market is segmented into rheology modifiers, defoamers, dispersing agents and others. Rheology modifiers is anticipated to have the largest market share with a CAGR 6.7% in the global formulation additives market. Rheology modifiers help in controlling paint shelf stability, ease of application, open time / wet edge and sagging. They further influence leveling, settling and film forming. Depending on rheology modifiers features and required adjustments, they are added to the mill-base or during let-down
In terms of region, Asia Pacific has the largest market share and is also the fastest growing market with a CGAR 6.8% in the global formulation additives market due to increasing use of formulation additives in various industries, such as construction, transportation, and furniture & flooring
North America is expected to have substantial market share in the global formulation additives market owing to the increase in the demand of formulation additives in construction, packaging, automotive industries
On basis of end use, construction is anticipated to be the largest consumer with a CAGR 6.6% in the global formulation additives market. Formulation additives are used in construction industry to optimize foam control and architectural coatings, enhance dispersion properties, better wetting
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The report aims to provide a complete analysis of the global Formulation Additives market with important details about the key market players such as their financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, mergers and acquisitions, and overall company profiles. It also studies M&A activities, joint ventures, partnerships and collaborations, licensing agreements and product launches and brand promotions. It also offers SWOT analysis and Porter’s Five Forces analysis for each player.
The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, share and lucrative investment approaches. It covers study of crucial aspects such as factors influencing the growth and restraint of the market, buyers and vendors, production and consumption, and value chain analysis. It further provides detailed overview of the key segments of the Formulation Additives market and revenue share and growth rate of each segment.
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Market segmentation based on Product Type:
Market segmentation based on End Use:
Industrial & Oil & Gas
Furniture & Flooring
Food & Beverage
Others (pharmaceutical, printing, cosmetics)
The regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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