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Global Formulation Additives Market – Opportunities and Forecasts, 2022-2028

In: Business
Formulation Additives Market
Formulation Additives Market

According to Zion Market Research, the formulation additives market will grow at a 6.8% CAGR over the forecast period of 2022-2028. The market for formulation additives is expected to rise due to rising population and rapid urbanisation in emerging nations, according to the report.

Formulation additives are used in small amounts to improve or modify the qualities of various formulations. The addition of formulation additives to materials increases their performance as well as their processing features and attributes. Pigment dispersion, slip, substrate wetting, levelling, anti-settling, and plasticizing capabilities are all improved with these additions.

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The global formulation additives market is being driven by the increasing use of these additives in major sectors such as paints and coatings, construction, automotive, electronics, printing and packaging, and furniture. Paints and coatings are utilised in practically every major industry, and the market for paint and coating additives is growing. Architectural coatings contain these chemicals to protect building structures and components. Construction has expanded as a result of rapid industrialization and urbanisation in emerging nations, which is driving market expansion.

Furthermore, during the forecast period, rising car production and sales are expected to boost market expansion. Product demand is also likely to be driven by increased demand for electronic gadgets such as laptops, gaming consoles, and smartphones. Consumers’ changing lifestyles and high discretionary incomes are to blame for this.

Increasing demand on manufacturers to deliver cost-effective and high-performance goods, as well as rising raw material prices, are some of the factors limiting the formulation additives market. As many key companies innovate in the market, numerous manufacturers are substantially spending in developing a cost-effective as well as high-performance product for consumers in order to remain competitive in the market.

Global Formulation Additives Market Scope and Market Size

The market for formulation additives is divided into two categories: Type and Application. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences 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 Application, the global formulation additives market is segmented into paints and coatings, construction, automotive and electronics and others.

Formulation Additives and the Competitive Landscape Analysis of Market Share

The competitive landscape for formulation additives gives information about each competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details included. The information presented above is only about the companies’ emphasis on the 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.

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This formulation additives market report covers 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, and  Zion Market Research for an Analyst Brief to learn more about the formulation additives market. Our team will assist you in making an informed market choice to achieve market growth. Product approvals, launches, geographic expansions, and technological advancements.

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