Global Formulation additives Market is valued USD 18.4 billion in 2016 is anticipated to grow USD 32.7 billion with the compounded annual growth of 6.60% over the forecast period 2017-2025.
New York 25 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Formulation additives industry is poised to raise USD 32.7 billion by 2025. Some key components for the market development will be; increasing demand for formulation additives in the construction and transportation industries. In addition, the rising demand for formulation additives due to increasing furniture & flooring and oil & gas manufacturing in emerging economies is another significant factor contributing to the growth of the formulation additives market.
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Global Formulation additives Market Size study, by Type (Defoamers, Rheology Modifiers, Dispersing Agents), by End Use Industry (Construction, Transportation, Industrial and Oil & Gas, Food & Beverage, Furniture & Flooring) and by Regional Forecasts 2017-2025
The industry is seems to be fairly competitive. Some of the leading market players include BASF, Eastman, Cabot, Allnex, Münzing Corporation, Arke, BYK Additives, Evonik, and so on. Other market players discussed in the report include DOW, Honeywell, Momentive Performance Materials. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Rising use of formulation additives in the construction and transportation industries and high growth in emerging countries are driving the formulation additives market.
- Less number of regulations related to the use and manufacture of formulation additives in the Asia Pacific is further influencing the growth of the formulation additives market.
- Growing population and rapid urbanization in emerging economies are also leading to a surge in the demand for formulation additives.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Dispersing agents
By End Use industry:
- Industrial & oil gas
- Food & beverage
- Furniture & flooring
- North America
- Asia Pacific
- Latin America
- Rest of the World