Formulation Additives Market Analysis by Production, Revenue, Consumption, Export & Import Forecast by 2030| BASF SE, Eastman Chemical Company, Evonik Industries AG

Formulation additives are used in small quantities to improve or modify the properties of various formulations. The use of formulation additives enhances the performance and improves the processing characteristics and properties of the materials. These additives offer better pigment dispersion, improved slip, substrate wetting, levelling, anti-settling, and plasticizing characteristics.

Competitive Analysis

Some of the manufacturers operating in the global formulation additives market are BASF SE (Germany), Eastman Chemical Company (US), Evonik Industries AG (Germany), Altana (Germany), DowDuPont (US), Cabot Corporation (US), Allnex Group (Germany), Arkema (France), Momentive (US), Münzing Corporation (Germany), Lanxess (Germany), and Honeywell International Inc. (US).

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Market Dynamics

The increasing use of these additives in various industries such as paints and coatings, construction, automotive, electronics, printing and packaging, and furniture is driving the worldwide formulation additives market. Paints and coatings are utilized in practically every major industry, and the market for these additives in paints and coatings is growing. Architectural coatings contain these chemicals to protect building structures and components. In addition, the increasing use of formulation additives in industries such as furniture & flooring, food & beverage, and oil & gas is likely to boost the global market’s growth.

Some of the reasons acting as restraints in the formulation additives market include increasing pressure on manufacturers to deliver cost-effective and high-performance products, as well as rising raw material prices. Furthermore, rising car production and sales around the globe are likely to drive market expansion throughout the forecast period. Product demand is also likely to be fueled by rising demand for electronic gadgets such as laptops, gaming devices, and smartphones. Consumers’ changing lifestyles and high discretionary incomes are to blame for this.

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During the projection period, however, changing raw material prices are projected to stifle market expansion.

Analytical Segmentation

Type, end-use industry, and region have all been used to segment the worldwide formulation additives market.

The market is divided into dispersion agents, defoamers, rheology agents, wetting and leveling agents, and film forming agents based on kind. Another factor likely to assist the segment’s expansion over the projected period is manufacturers’ increasing focus on providing cost-effective solutions such as dispersion agents without sacrificing product performance.

Paints and coatings, construction, automotive, electronics, printing and packaging, furniture, and other end-use industries have been separated into the market. Because of the increasing demand in major sectors, the paints and coatings industry is driving the market. During the projected period, demand for formulation additives is predicted to be driven by rapid industrialization and rising commercial and residential building around the world. Demand for automotive OEM and refinish coatings is also expected to drive market expansion.

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Regional Overview

Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five regions that make up the worldwide formulation additives market.

Due to increasing demand in major end-use industries, Asia-Pacific dominated the global formulation additives market in 2017. Product demand in the construction sector is likely to be fueled by the rapid industrialisation of emerging nations such as China and India. Because of the low cost of production, the Asia Pacific region offers potential for formulation additives makers to expand. In Asia Pacific, there are less restrictions governing the usage and manufacture of formulation additives, which is influencing the growth of the formulation additives market.

Key Market Opportunities:

Rapid industrialization and urbanization in the emerging econaomies

Key Market Drivers:

increasing use of these additives in major industries such as paints and coatings, construction, automotive, electronics, printing and packaging, and furniture

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat Of New Entrants

4.2.2 Bargaining Power Of Buyers

4.2.3 Bargaining Power Of Suppliers

4.2.4 Threat Of Substitutes

4.2.5 Intensity Of Competitive Rivalry

5 Market Dynamics Of Global Formulation Additives Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

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