Global Formulation Additives Market
Posted by Ganesh Mane on February 2nd, 2021
Global Formulation Additives Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 6.91% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The major drivers in the formulation additives market are increasing rapid industrialization in developed and developing countries and growing demand for formulation additives from various end-user industries. Also, increasing population in emerging countries and increasing construction and reconstruction activities, coupled with wide applicability of formulation additives like in architectural coatings and building materials to optimize foam control, improve dispersing properties, and ensure better wetting are some other factors expected to drive the growth of the global market to a certain extent.
Furthermore, increasing manufacturers' approach towards providing cost-effective solutions without compromising the performance of the product is another factor expected to support the growth of the market over the forecast period. Also, increasing the application of formulation additives in industries like furniture & flooring, food & beverage, and oil & gas is another factor expected to support the growth of the global market.
Increasing investment by major players for technological advancements and R&D activates is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. Also, increasing strategic partnerships and agreements by major players to increase their revenue share in the market is expected to further support the growth of the market to a certain extent.
Based on the End-Use Industry segment, 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, like 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 improve the building structures and reduce the need for maintenance.
Based on the type segment, Rheology modifiers, dispersing agents, and defoamers are the most widely used types of formulation additives. Increasing demand for rheology additives to impart functions like 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 an excellent performance. They help reduce pigment sedimentation in paints & coatings applications which drive the rheology modifiers additives market.
In terms of region, Asia Pacific is the largest and fastest-growing formulation additives market, globally. Increasing construction and transportation industries in the Asia Pacific, along with growing formulation additives manufacturing activities, offer significant opportunities for the use of formulation additives in the region. The market in the region is estimated to grow at the highest CAGR during the forecast period. Growing use of formulation additives in various industries, like construction, transportation, and furniture & flooring is driving the formulation additives market in the Asia Pacific.
The report offers company market share analysis to give a broader overview of the key market players. Also, the report also covers key planned developments of the market including a & m, new product launches, research & development, partnerships, agreements, collaborations & joint ventures, product, and regional extension of major participants involved in the market on a global and regional basis. Furthermore, the study covers the product portfolio of various companies.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global Formulation Additives market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global Formulation Additives market.
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Scope of the Global Formulation Additives Market
Global Formulation Additives Market, By Type
• Rheology Modifiers
• North America
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About the AuthorGanesh Mane
Joined: January 27th, 2021
Articles Posted: 125
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