Formulation Additives Market By Type (Defoamers, Rheology Modifiers, Dispersing Agents), By End Use Industry (Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring) - Market Trends, Analysis, and Forecast till 2030

Formulation Additives Market accounted for USD 22.37 Billion in 2020 and is estimated to be USD 40.27 Billion by 2030 and is anticipated to register a CAGR of 6.10%.

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.

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.

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:

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.

Formulation Additives Market Report Scope:

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 2020 to 2030. 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:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

• Huntsman
• Munzing Corporation
• Honeywell International
• Momentive Performance Materials
• Allnex Group
• Arkema
• BYK Additives
• Evonik Industries

• Huntsman
• Munzing Corporation
• Honeywell International
• Momentive Performance Materials
• Allnex Group
• Arkema
• BYK Additives
• Evonik Industries