DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The formulation additives market is estimated at USD 20.62 billion in 2018 and is expected to reach USD 27.86 billion by 2023, at a CAGR of 6.2% between 2018 and 2023.
Formulation additives are substances that are added in small quantities to formulations, including coatings, adhesives, and others, to improve or modify one or more properties. The objective of using these additives is to enhance performance and improve the processing characteristics and properties of materials. The major types of formulation additives are dispersing agents, rheology modifiers, defoamers, and others.
Based on end-use industry, the construction segment is projected to grow at the highest CAGR from 2018 to 2023. Formulation additives play a vital role in several coating applications owing to their properties such as better lightfastness, good substantivity, and optimum depth. Formulation additives are used in architectural coatings, automotive coatings, etc. The demand for formulation additives from the construction application is gaining momentum due to the increasing number of infrastructural projects and construction activities in emerging economies such as Brazil, China, and India.
The formulation additives market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This can be attributed to the easy availability of raw materials, increasing number of industry alliances, and less stringent regulations for the manufacturing of formulation additives. Asia Pacific is a strategic location for formulation additives manufacturers, as an overall slowdown in the global economic scenario has encouraged many established manufacturers to expand their manufacturing facilities in this region and, thus, increase their sales.
- Mnzing Corporation
- BYK Additives
- Momentive Performance Materials
- Cytec (Solvay)
- Akzonobel N.V.
- Afcona Additives
- King Industries
- Isca UK
- San Nopco
- Harmony Additive
- Patcham FZC
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Formulation Additives Market, By Type
7 Formulation Additives Market, By End-Use Industry
8 Formulation Additives Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s73srs/global?w=4