Global Formulation Additives Market Overview
Formulation additives are compounds that are added in minute amounts to a variety of formulations, such as adhesives, coatings, and other materials, in order to improve one or more of the material's attributes. Additives to formulations are used to boost performance and improve the overall processing characteristics and attributes of materials. Dispersing agents, rheology modifiers, and defoamers are the most common types of formulation additives. Formulation additives are substances that are used in small amounts in formulations, such as glues, coatings, and so on, to change or improve at least one attribute. The development of various companies, including as development, mechanical and oil and gas, furniture and ground surface, and so on, can be credited for the global development of the formulation additives market. These additives are crucial to these organisations because they improve the handling qualities and features of various materials while also improving execution. Paints and coatings are used in almost every major industry, and the demand for these additives in paints and coatings is propelling the business sector forward. These compounds are used in design coatings to protect building structures and segments from the elements. Scattering operators, rheology modifiers, defoamers, and other formulation additives are examples. The Global Formulation Additives Market accounted for US$ 22.37 billion in 2020 and is estimated to be US$ 40.27 billion by 2030 and is anticipated to register a CAGR of 6.10%.
Global Formulation Additives Market Dynamics
Manufacturer increasing focus on providing cost-effective solutions will drive the growth of the Market
Another factor predicted to drive market expansion during the forecast period is manufacturers' increasing focus on providing cost-effective solutions without compromising product performance. In addition, the increasing use of formulation additives in industries such as furniture & flooring, food & beverage, and oil & gas is likely to boost the global market's growth. Because of factors such as monetary development rate, development of assembly businesses, accessibility of shoddy work, simple accessibility of crude materials, and less stringent government controls, the global formulation additives market is seeing a shift in utilisation and creation limits from developed markets to developing markets. One of the major concerns for the future of the formulation additives market is the ever-increasing cost of raw materials. Formulation additives play a critical role in a variety of coating applications, as evidenced by their properties such as improved light-speed, high substantivity, and optimal profundity. Compositional coatings, automotive coatings, and other applications use formulation additives. Because of the growing number of infrastructure projects and building activities in emerging economies such as Brazil, China, and India, interest in formulation additives for construction applications is increasing.
Some of the reasons acting as restraints in the formulation additives market include increasing pressure on manufacturers to deliver cost-effective and high-performance products, as well as rising raw material prices. Various manufacturers are investing extensively in generating a cost-effective as well as high-performance product for consumers in order to stay competitive in the industry, while important competitors continue to innovate.
Global Formulation Additives Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The Global Formulation Additives Market is segmented based on type, end-user and region.
On the basis of Type, the Global Formulation Additives Market is segmented into Defoamers, Rheology Modifiers, and Dispersing Agents. Based on End-User, the target market is segmented into Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring.
Regional Insights:
Source: Prophecy Market Insights
On region the Global Formulation Additives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to increased construction and transportation activities in the region to fulfil the need of an ever-increasing population and the availability of inexpensive labour in the region, Asia-Pacific offers a favourable market opportunity for the formulation additives market industry.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Defoamers, Rheology Modifiers, Dispersing Agents By Distribution Channel– Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Formulation Additives Market report based on Type, Distribution Channel and region.
Global Formulation Additives Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
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- North America
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Rest of Middle East & Africa
Global Formulation Additives Market Key Players
The key players operating in the formulation additives market are Huntsman, Munzing Corporation, Honeywell International, Momentive Performance Materials, Allnex Group, Arkema, BYK Additives, Dow, Evonik Industries and BASF.
Global Formulation Additives Market Company Profile
- Huntsman
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Munzing Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Momentive Performance Materials
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allnex Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arkema
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BYK Additives
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Formulation Additives Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Formulation Additives Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By End-User
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Formulation Additives Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Defoamers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Rheology
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Dispersing Agents
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Formulation Additives Market, By End-User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Construction
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial and Oil & Gas
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food & Beverage
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Furniture & Flooring
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Formulation Additives Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- The Last Word
- Future Impact
- About Us
- Contact
- Huntsman
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Munzing Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Momentive Performance Materials
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allnex Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arkema
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BYK Additives
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Evonik Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
FAQs
Global Formulation Additives Market is segmented based on type, distribution channel and region.
Manufacturer increasing focus on providing cost-effective solutions is major factor driving the market.
During the forecast period, Asia-Pacific is expected to dominate the market.
The key players operating in the formulation additives market are Huntsman, Munzing Corporation, Honeywell International, Momentive Performance Materials, Allnex Group, Arkema, BYK Additives, Dow, Evonik Industries and BASF.