Formulation Additives Market Report
Formulation Additives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028 See less
Formulation Additives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Formulation Additives Market Is Segmented by Type (Rheology Modifiers, Defoamers, Dispersing Agents, and Others), by End-Use Industry Type (Construction, Transportation, Furniture & Flooring, Food & beverage, Industrial and Oil & Gas, and Others [Pharmaceuticals, Cosmetics, and Printing]), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Italy, Spain, and Rest of Europe], Asia-Pacific [China, India, Japan, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, South Africa, and Others]).
The formulation additives market is likely to rebound at a promising CAGR of 6.5% in the long run.
Formulation additives are basically additives that solubilize, thicken, suspend, preserve, emulsify, modify dissolution, enhance compresability, and flavor drug substances, among other things, to form various preparations or dosage forms. Growing demand for formulation additives in the construction and transportation industries is the major factor likely to drive market growth during the forecast period.
The market is segmented into construction, transportation, furniture & flooring, food & beverage, industrial, and oil & gas, and others. Construction is estimated to be the biggest demand generator in the market during the forecast period. Growing construction and transportation activities in emerging economies are expected to fuel segment growth over the forecast period.
Asia-Pacific is estimated to be the leading region in the market during the forecast period, with India and China being the growth engines for the region. Factors such as rising population, rapid urbanization, and easy availability of raw materials are expected to accelerate regional market growth in the coming years.
By End-Use Industry Type
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the formulation additives market. Most of the major players are providing complete profile systems, including profile seals.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s formulation additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
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The formulation additives market is estimated to grow at a CAGR of 6.5% by 2028.
BASF, Eastman Chemical Company, Cabot Corporation, Allnex, Munzing Chemie Gmbh, Arkema S.A., BYK Additives, Evonik Industries, The DOW Chemical Company, and Honeywell International, Inc.
Asia-Pacific is estimated to remain dominant in the Formulation Additives Market in the foreseeable future. Factors such as rising population, rapid urbanization, and easy availability of raw materials are expected to accelerate regional market growth in the coming years.
Construction is estimated to be the dominant end-use industry type in the market during the forecast period. Growing construction and transportation activities in emerging economies are expected to fuel segment growth over the forecast period.
Growing demand for formulation additives in the construction and transportation industries is the major factor likely to drive market growth during the forecast period.
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