The recent study, Formulation Additives Market forecasts the business performance of the Formulation Additives market for the forecast period, 2024 to 2027. The study considers the estimated period as the base duration and brings to light the important information associated with the market size, share and growth rate of the Formulation Additives market.
According to the current analysis of Reports and Data, 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. Formulation additives are also used to enhance the building structures and reduce the need for maintenance. They are widely used in adhesive and sealant application. The demand for formulation additives is rapidly increasing due to its increasing use in number of industries. The global formulation additives market is propelled by number of factors such as increasing use of formulation additives in construction and transportation industries, rising demand for formulation additives in oil & gas manufacturing, food & beverage. However, increasing prices of raw materials is a major hindrance for the growth of global formulation market.
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Major Regions covered in the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Types:
- Defoamers
- Rheology modifiers
- Others
End-Use:
- Construction
- Industrial & Oil & Gas
- Transportation
- Furniture & Flooring
- Food & Beverage
- Others (pharmaceutical, printing, cosmetics)
In order to get more information on the report, visit @ https://www.reportsanddata.com/report-detail/formulation-additives-market
Leading Companies Profiled in the Report:
- BASF,
- Eastman,
- Evonik,
- BYK Additives,
- Dow,
- Cabot,
- Allnex,
- Münzing,
- Arkema,
- Honeywell,
- Momentive
The research provides answers to the following key questions:
- What will be the growth rate of the Formulation Additives market for the forecast period?
- What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Formulation Additives market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Formulation Additives market for the forecast period?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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