Formulation Additives Market By Type, By End-User, By Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

Global Formulation Additives Market is valued to reach USD 32.5 Billion by 2025, by registering a CAGR of 6.2% over forecast period 2020-2026. Increasing use of formulation additives in end-user industries like construction, transportation, oil & gas manufacturing and rapid industrialization efforts to improve economic scenario are key factors driving the market.

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Formulation additives are metaphorically catalyzing agents that enhance adhesive properties within the construction industry. For instance, they are widely used for sealant applications further augmenting rheology and foaming properties on various substrates. The portfolio for formulation additive also helps in adjust the qualities of adhesion. It thus enables manufacturers to choose between a range of additives that suits the criteria for perusal.

Further, from the commercial standpoint, formulation additive holds a specific importance across end-use industries catering to different sectors in these industries.  As the scope of end-use industries are setting expansion, the need for additives and plasticizers is simultaneously growing at a specified rate. Key players are emphasizing innovation such as generation of new products to enhance the quality of demand. For instance, Dow Chemicals introduced additive products for facade coatings that resulted in enhanced exteriors and water resistance. In another instance, BASF SE unveiled Ekfa PB 2744 in 2016 that resists aeration and ensures a high level coating.

Formulation Additives Market Trends, Drivers and Opportunities:

The formulation additives market can be driven by significant presence of construction and transportation industries in various countries. Formulation additives are used in order to enhance and strengthen the building structure during the construction process. Increasing urbanization in emerging economies is likely to attract significant use of additives in the market growth. Growing demand for electronic devices such as smartphones and gaming devices are likely to enhance the market growth during the forecast period. On contrary, price volatility and irregularities in infrastructure development is likely to constrict the market growth in the forecast period.