Formulation Additives Market 2023

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Formulation Additives Market to Exceed 27.86
billion USD by 2023
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• The report "Formulation Additives Market by Type
  (Defoamers, Rheology Modifiers, Dispersing
  Agents), End Use Industry (Construction,
  Transportation, Industrial and Oil Gas, Food
  Beverage, Furniture Flooring), and Region -
  Global Forecast to 2023", The formulation
  additives market is estimated at USD 20.62
  billion in 2018 and is projected to reach USD
  27.86 billion by 2023, at a CAGR of 6.2 during
  the forecast period.
• Early buyers will receive 10 customization on
  this report.

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• Browse 66 market data Tables and 32 Figures
  spread through 126 Pages and in-depth TOC
  on "Formulation Additives Market by Type
  (Defoamers, Rheology Modifiers, Dispersing
  Agents), End Use Industry (Construction,
  Transportation, Industrial and Oil Gas, Food
  Beverage, Furniture Flooring), and Region -
  Global Forecast to 2023"https//www.marketsandma
  rkets.com/Market-Reports/formulation-additive-mark
  et-66937534.html
• The growth of the formulation additives market is
  primarily driven by the increasing use of these
  additives in industries such as construction,
  transportation, furniture flooring, food
  beverage, industrial and oil gas, and others.
  In addition, the growth of formulation additives
  industries in emerging economies of India and
  China in APAC region are influencing the growth
  of the formulation additives market. Expansions
  and acquisitions undertaken by key market players
  are further fueling market growth.

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The growth of the formulation additives market is
primarily driven by the increasing use of these
additives in industries such as construction,
transportation, furniture flooring, food
beverage, industrial and oil gas, and others.
In addition, the growth of formulation additives
industries in emerging economies of India and
China in APAC region are influencing the growth
of the formulation additives market. Expansions
and acquisitions undertaken by key market players
are further fueling market growth. Rheology
modifiers Largest type of formulation additives
market Rheology modifiers, dispersing agents,
and defoamers are the most widely used types of
formulation additives. Increasing demand for
rheology additives to impart functions such as
enhanced pigment wetting, excellent spatter
resistance, and enhanced flow behavior is driving
this segment. These formulation additives are
used to adjust the flow behavior and consistency
in formulations as well as aid in excellent
performance. They help reduce pigment
sedimentation in paints coatings applications
which drives the rheology modifiers additives
market.
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Construction industry Largest end-use industry
segment of formulation additives market The
construction industry is the largest end-use
industry segment of the formulation additives
market. Formulation additives are used in the
construction industry for several applications,
such as architectural coatings and building
materials to optimize foam control, improve
dispersing properties, and ensure better wetting.
Rising standards of living and customer
preferences for attractive homes and commercial
spaces are leading to the increasing demand for
formulation additives used in the construction
industry, as they help enhance the building
structures and reduce the need for
maintenance. Asia Pacific Largest market for
formulation additives in 2017 Asia Pacific is the
largest and fastest-growing formulation additives
market, globally. Growing construction and
transportation industries in the Asia Pacific,
along with increasing formulation additives
manufacturing activities, offer significant
opportunities for the use of formulation
additives in the region. The market in the region
is projected to grow at the highest CAGR during
the forecast period. Increasing use of
formulation additives in various industries, such
as construction, transportation, and furniture
flooring is driving the formulation additives
market in Asia Pacific.
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• Major players, such as BASF (Germany), Eastman
  (US), Evonik (Germany), BYK Additives (Germany),
  Dow (US), Cabot (US), Allnex (Germany), Münzing
  (Germany), Arkema (France), Honeywell (US), and
  Momentive (US) have adopted growth strategies
  such as expansions and acquisitions to strengthen
  their foothold in the formulation additives
  market.
• Ask for customization of the report _at_
  https//www.marketsandmarkets.com/requestCustomiza
  tion.asp?id66937534
• Objectives of the Study
• To analyze and forecast the size of the
  formulation additives market, in terms of value.
• To provide detailed information regarding key
  factors, such as drivers, restraints,
  opportunities, and challenges, influencing the
  growth of the formulation additives market
• To strategically analyze micromarkets1 with
  respect to individual growth trends, prospects,
  and their contribution to the market
• To define, describe, and forecast the formulation
  additives market on the basis of type and end-use
  industry
• To forecast the size of market segments with
  respect to five main regions, namely, North
  America, Europe, Asia Pacific, the Middle East
  Africa, and South America
• To analyze opportunities in the formulation
  additives market for stakeholders and provide a
  competitive landscape of the market
• To strategically profile key players and
  comprehensively analyze their market shares and
  core competencies

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