Global Formulation Additives Market, By Type (Dispersing Agents, Rheology Agents, Wetting and Levelling Agents, and Film Forming Agents), End-Use Industry (Paints and Coatings, Construction, Automotive and Electronics and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Formulation Additives Market
Data Bridge Market Research analyses that the formulation additives market will witness a CAGR of 6.8% for the forecast period of 2022-2029. Formulation additives market report analyses the growth, due to increasing number of population and rapid urbanization in the upcoming economies.
Small amounts of formulation additives are used to improve or modify the properties of various formulations. The use of formulation additives improves the performance of the materials as well as their processing characteristics and properties. These additives improve pigment dispersion, slip, substrate wetting, and levelling, anti-settling, and plasticizing properties.
The growing use of these additives in major industries such as paints and coatings, construction, automotive, electronics, printing and packaging, and furniture is driving the global formulation additives market. Paints and coatings are used in almost every major industry, and the demand for these paint and coating additives is driving market growth. These additives are used in architectural coatings to protect the structures and components of buildings. Rapid industrialization and urbanisation in emerging economies have resulted in increased construction, which is driving market growth.
Furthermore, high automobile production and sales across the globe are expected to drive market growth during the forecast period. Also, rising demand for electronic devices such as laptops, gaming consoles, and smartphones is expected to drive product demand. This can be attributed to consumers' changing lifestyles and high disposable incomes.
Some of the factors acting as restraints in the formulation additives market include increasing pressure on manufacturers to provide cost-effective and high-performance products, as well as rising raw material prices. Various manufacturers are heavily investing in developing a cost-effective as well as high-performance product for consumers in order to remain competitive in the market, as various innovations are taking place in the market by key players.
This formulation additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on formulation additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Product approvals, product launches, geographical expansions, technology
Global Formulation Additives Market Scope and Market Size
Formulation additives market is segmented on the basis of type and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the global formulation additives market is segmented into dispersing agents, rheology agents, wetting and levelling agents, and film forming agents.
- On the basis of end-user industry, the global formulation additives market is segmented into paints and coatings, construction, automotive and electronics and others.
Formulation Additives Market Country Level Analysis
The formulation additives market is analysed and market size, volume information is provided by country, type and end user as referenced above.
The countries covered in the formulation additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific caters a positive market scope for the formulation additives market business due to growing construction and transportation activities in the region to meet the demand of an ever-increasing population and the availability of cheap labour in the region.
The country section of the formulation additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Formulation Additives Market Share Analysis
The formulation additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to formulation additives market.
Some of the major players operating in the formulation additives market Altana, Evonik Industries AG, Honeywell International Inc., Momentive, Lanxess, Solvay, Akzo Nobel N.V., Lehmann&Voss&Co., Huntsman International LLC, Elementis plc, michelman, Inc., AFCONA Chemicals Sdn Bhd, King Industries, Inc, Borchers, ISCA UK Ltd., San Nopco Limited, Harmony Additive Pvt. Ltd, Dynea AS, DAIKIN INDUSTRIES, Ltd., BYK-Chemie GmbH and Mitsubishi Chemical Corporation among others.