The global Formulation Additives market was valued at USD 20.56 Billion in 2018 and is expected to reach USD 33.34 Billion by year 2026, at a CAGR of 6.2 %. Formulation additives are extensively used to adjust the qualities of the adhesive formulation, which helps in improving the efficiency, durability and appearance of the product. The demand for formulation additives is rapidly increasing due to its increasing use in number of industries.
Formulation Additives Market Size – USD 20.56 Billion in 2018, Market Growth - CAGR of 6.2%, Market Trends –Research for eco-friendly products
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Further key findings from the report suggest
- Rheology modifiers are further segmented into organic and inorganic rheologic modifiers. Usually organic rheology modifiers are surface active and they may be part of the polymeric film matrix during film-formation. Organoclays, organically modified laminar silicates, are the most widely used inorganic Rheology modifiers and are being applied for various purposes in the paint and coating industry
- Defoamers are widely used due to its ability to suppress and destroy foam and its negative effects prior to and during application of a coating. By removing or inhibiting air bubbles they are vital process aids throughout the paint production, as well as the application process
- Dispersing Agents are usually used to wet and stabilize pigments and other particles within paints, coatings and ink formulations. For formulators they represent an important component as they provide color strength, gloss, viscosity stability and prevent sedimentation of particles
- North America is expected to have substantial market share in the global formulation additives market owing to the increase in the demand of formulation additives in construction, packaging, automotive industries
- On basis of end use, construction is anticipated to be the largest consumer with a CAGR 6.6% in the global formulation additives market. Formulation additives are used in construction industry to optimize foam control and architectural coatings, enhance dispersion properties, better wetting
- Key players in the global formulation additives include BASF, Eastman, Evonik, BYK Additives, Dow, Cabot, Allnex, Münzing, Arkema, Honeywell, Momentive
For the purpose of this study, Reports and Data have segmented the Formulation additives market on the basis of type, end use, and region
Type (Revenue, USD Million; 2016–2026)
- Defoamers
- Rheology modifiers
- Others
End Use (Revenue, USD Million; 2016–2026)
- Construction
- Industrial & Oil & Gas
- Transportation
- Furniture & Flooring
- Food & Beverage
- Others (pharmaceutical, printing, cosmetics)
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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