Market Research Future Published a Half-Cooked Research Report on Formulation Additives Market Research Report – Forecast to 2023
Formulation Additives are chemicals which when added to formulations can improve or modify its properties and characteristics. These chemicals offer plasticization, levelling, substrate wetting, improved slip, and pigment dispersion. Global Formulation Additives Market Report by Market Research Future (MRFR) details various Drivers, Challenges, Opportunities, and Trends for the period between 2018 and 2023 (forecast period).
Allnex Group, Altana, Cabot Corporation, Evonik Industries AG, Momentive, Arkema, Münzing Corporation, Eastman Chemical Company, Honeywell International Inc., BASF SE, DowDuPont, and Lanxess are prominent players of the Global Formulation Additives Market.
Milliken & Company, a materials science company, has acquired Borchers, a stalwart in the paints & coatings industry. The large portfolio of additives for coatings, inks, and adhesives as well as its large customer base will be a welcome addition for Milliken for enhancing its customer base.
Global Formulation Additives Market is set for a stellar valuation by 2023 due to high demand from end-use industries of furniture, packaging, printing, electronics, automotive, construction, and paints & coatings. High demand for paints and coatings across industries is expected to drive market growth. Their use in architectural coatings for protecting buildings from wear and tear resistance can bode well for the market.
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Rapid Industrialization and urbanization are predicted to fuel the Global Formulation Additives Market Growth. High production rates and sales of automobiles can work in favor of the market. Increasing demand for consumer electronic devices such as smartphones, gaming devices, and laptops due to changing lifestyles can fuel the market growth. The additives can change the materials in different colors for durability and aesthetics purposes.
Novel product launches to attract the attention of end-users are bound to disrupt the market. DowDuPont introduced a new coating for improving the aesthetics of architectural buildings. The product has good water resistance and repellency rates.
But fluctuations in raw material prices can hamper the Global Formulation Additives Market Growth.
Global Formulation Additives Market has been Segmented based on Type and End-Use Industry.
Based on Type, the market has been segmented into dispersing agents, defoamers, rheology agents, wetting and levelling agents, and film forming agents.
By End-Use Industry, the market has been divided into paints and coatings, construction, automotive, electronics, printing and packaging, furniture, and others. The paints and coatings industry can spur the demand of Formulation Additives owing to massive demand across end-use industries. Rapid industrialization is expediting the need for apartments, complexes, and commercial buildings can bode well for the Global Formulation Additives Market. High demand for refinish and automotive original equipment manufacturer (OEM) coatings can widen the scope of opportunities in the segment.
Browse Key Industry Insights spread across 140 pages with 35 market data tables & 10 figures & charts from the report, “Formulation Additives Market Information: By Type (Dispersing Agents, Rheology Agents, Wetting & Levelling Agents, and Film Forming Agents), End-Use Industry (Paints & Coatings, Construction, Automotive, Electronics) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/formulation-additives-market-6339
North America, Asia Pacific (APAC), Europe, Latin America, and the Middle East & Africa (MEA) are regions the center of interest in the Global Formulation Additives Market.
APAC dominated the global market in 2017 due to heavy market demand across end-use industries. The expansion of various industries due to investments and the large workforce can bode well for the global market. Global Formulation Additives Market can grow by capitalizing on industrialization rampant in economies of China and India.
North America is the second-largest region in the global market due to the need for additives in construction, automotive, and electronics industries. The heavy demand for additives due to the production of new materials annually by companies for gaining the competitive edge can drive the market demand. Europe can attain a stellar growth rate during the forecast period owing to the automotive industry, while Latin America can exhibit a similar growth rate due to automotive hubs.
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