Formulation Additives Market

Formulation Additives Market Analysis by Dispersing Agents, Rheology Modifiers, Defoamers, and Others from 2023 to 2033

Analysis of Formulation Additives Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Formulation Additives Market Outlook (2023 to 2033)

The global formulation additives market is forecasted to expand at a high-value CAGR of 6.9% during the forecast period (2023 to 2033). As such, global demand for formulation additives is expected to reach a valuation of US$ 41 billion by 2033, up from US$ 20.9 billion in 2023.

Increased demand for various formulation additives from numerous consumer sectors and rapid industrialization are estimated to drive growth opportunities in the global industry in both developing and developed countries. Further, the growing population of developing nations is also predicted to result in increased renovation and building operations, which will stimulate the sales growth of formulation additives over the coming years.

Formulation additives, especially architectural coatings as well as building materials, have wide applicability due to improved product standards, which are expected to propel their demand. Moreover, coating additives also find diverse applications in the present time.

Formulation additives are defined as substances that are generally added in smaller portions to different formulations that include coatings, adhesives, and others to improve one or many properties of materials. They are also applied to improve performance and better the processing properties and characteristics of materials. Defoamers, rheology modifiers, and dispersing agents are some prominent types of formulation additives.

Better pigment dispersion, plasticizing, anti-settling, leveling, substrate wetting, and slip are provided by formulation additives. Their increasing use in diverse industries, such as furniture, printing and packaging, electronics, automotive, construction, and paints and coatings are estimated to drive sales opportunities in the global market in the coming years.

Paints and coatings are used at a significant rate across a majority of industries, which further generates growth opportunities in the target market. Architectural coatings contain chemicals for the protection of components and building structures. In addition, rising demand for formulation additives from the transportation sector is also projected to drive market growth.

Construction activities are expanding at a significant rate due to rapid urbanization across countries around the world which is propelling demand for formulation additive products. High discretionary incomes along with changing lifestyles of consumers are also predicted to contribute to increased construction activities that bolster sales of formulation additives.

Increasing production and sales of cars around the world are predicted to bolster demand for formulation additives over the forecast period. In recent years, consumers around the world are demanding electric gadgets including, smartphones, gaming devices, and laptops which is further anticipated to fuel demand for formulation additives.

On the flip side, fluctuations in the prices of raw materials, the need to adhere to various safety regulations, and the rising cost of quality control are projected to hinder growth opportunities in the studied market.

Report Attributes Details
Formulation Additives Market Size (2023) US$ 20.9 Billion
Anticipated Market Value (2033) US$ 41 Billion
Estimated Market Growth Rate (2023 to 2033) 6.9% CAGR
Germany Market Growth Rate (2023 to 2033) 5.2% CAGR
Canada Market Growth Rate (2023 to 2033) 5.8% CAGR
Key Companies Profiled Afcona Additives; Trio; San Nopco; Patcham FZC; Lehmann&Voss&Co.; Harmony Additives; Elementis; Cytec (Solvay)

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What is the Future of the Global Formulation Additives Market?

“Growing Demand Leading to Increasing Investments in Production of Formulation Additives”

Improved commitments by the manufacturers of formulation additives to deliver cost-effective solutions without any compromise with product quality are anticipated to fuel demand opportunities in the global industry. This trend is predicted to generate growth in the market with expanded use of formulation additives by different sectors such as oil & gas, food & beverages, furniture & flooring, and others.

Rising expenditures by key players in research and development operations and technological advances are expected to create new opportunities for industry players. Moreover, expanded strategic deals and alliances by prominent players with a vision to grow their market share is estimated to generate a certain degree of development in businesses.

“Rising Use of Formulation Additives in Construction Sector”

Formulation additives are used at an increased rate for construction and reconstruction activities. They offer numerous advantages, such as anti-settling, better pigment dispersion, plasticizing, substrate wetting, and improved slip characteristics. The additives are used across the construction industry for multiple applications including, architectural coatings, building materials, and others.

Formulation additives are also applied to optimize foam control and improve dispersion properties, which, in turn, are estimated to drive their sales in the construction industry. Consumers are giving preference to attractive commercial spaces and homes which is leading to rising demand for formulation additives in the construction industry.

These abovementioned factors are projected to stimulate demand for formulation additives to enhance the structures of buildings and to reduce the requirement for maintenance frequently.

What Constraints are Pulling Down Demand for Formulation Additives?

“Requirements for Increased Investments”

To get a competitive edge in the global market, manufacturers are forced constantly to supply cost-effective and high-performance products. These producers spend at an increased rate to meet market requirements so that they can remain successful in the global industry. So, these financial factors further result in an economical imbalance in the respective firms that can directly impact expansion opportunities in the market.

“Limited Opportunities for New Market Entrants”

Demand for some additional formulations has been taken up by prominent companies, whose product lines are growing continuously while making it impossible for new and small players to expand their business. Thus, limited opportunities for new players can restrict the expansion of the global market.

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Why Does Asia Pacific Dominate Global Formulation Additives Sales?

“Easy Availability of Raw Materials in Asia Pacific”

Asia Pacific has been estimated to hold a dominating position in the global market while retaining more than 40% of the total market share. The easy availability of raw materials to fabricate formulation additives is predicted to increase their production in the region.

Owing to low manufacturing costs in India, China, and South Korea, the Asia Pacific zone holds large prospects for market expansion. In addition, fewer restrictions related to the manufacturing and application of formulation additives in the region are also expected to generate growth opportunities for industry players. The requirements for formulation additives are increasing rapidly in the construction industry with expanded architecture and building activities across developing nations such as India and Brazil.

Rapid urbanization across developing economies is also fueling the demand for formulation additives in Asia Pacific.

Country-wise Insights

Why is Japan a Key Consumer of Formulation Additives?

“Fast-paced Industrialization in Construction Industry Fueling Demand for Formulation Additives”

The sales of formulation additives in Japan are estimated to progress at a CAGR of 4.2% through 2033 because of their high demand in different end-use industries. Further, fast-paced industrialization is also anticipated to bolster demand for formulation additives across the construction industry.

Will the U.S. Provide Lucrative Opportunities for Manufacturers of Formulation Additives?

“Growing Use of Formulation Additives in Different End-use Industries”

Increasing use of formulation additives in different end-use industries, for instance, construction, electronics, and automotive is projected to fuel their demand in the U.S. market. The demand for formulation additives in the U.S. was more than US$ 4.8 billion in 2022.

Moreover, the growth outlook of the market in Canada is expected to expand at a CAGR of 5.8 % from 2023 to 2033.

Which are the Growth-Driving Factors in the Market in Germany?

“Increasing Production of Automotive Parts Propelling Demand for Formulation Additives”

The market in Germany is forecasted to expand at a CAGR of 5.2% during the forecast period from 2023 to 2033. The demand for formulation additives is predicted to increase because of high production as well as sales of automotive parts there.

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Category-wise Insights

Why are Rheology Modifiers Set to Remain Highly Attractive?

“Increasing Use of Rheology Modifiers in Paints & Coatings”

The formulation additives market is segmented into dispersing agents, rheology modifiers, defoamers, and others, based on type. The rheology modifiers segment is projected to hold a dominating position in the industry with a significant share of more than 34%. Rheology agents are used for paints, inks, and coatings as they can control the formulation and finish.

Rheology modifications can change the flow actions of different paints and coatings. They are also used to enhance the consistency and color distribution of different paints and coatings. Thus, the sales of rheology modifiers are estimated to increase based on their growing use in the paints and coating industry.

Which End-use Application of Formulation Additives is Estimated to Bring in High Revenue Streams?

“Diverse Applications of Formulation Additives in Construction Industry”

Based on end use, the global market has been classified into construction, transportation, furniture & flooring, food & beverages, industrial, oil & gas, and others. The construction industry is anticipated to hold a prominent share of the market in the forecast period. Formulation additives are generally used in the construction industry for multiple applications, such as architectural coatings and building materials to optimize foam control, ensure better wetting, and improve dispersing properties.

Growing standards of living along with consumer preferences for attractive commercial spaces and homes are driving demand for formulation additives in the construction industry. They help to reduce the requirement for frequent maintenance and improve the structures of buildings.

Competitive Landscape

Demand for formulation additives is increasing owing to their growing use across different end-use industries. Key players in the market are taking efforts to improve the processing qualities and properties of products that are used in formulation additives. They are also focusing on the supply chain management of formulation additives to improve their share in the market. Product demand often rises across the industry of coating and paints, which is estimated to stimulate opportunities for new entrants.

Key suppliers of formulation additives are Afcona Additives, Trio, San Nopco, Patcham FZC, Lehmann&Voss&Co., Harmony Additives, Elementis, and Cytec (Solvay). These market players are the ones catering to the local supply and cross-border shipments of formulation additives.

New developments and the latest pricing trends in the market for formulation additives have been listed in this new research report by Fact.MR.

Segmentation of Formulation Additives Industry Research

  • By Type:

    • Dispersing Agents
    • Rheology Modifiers
    • Defoamers
    • Others
  • By Application:

    • Construction
    • Transportation
    • Furniture & Flooring
    • Food & Beverages
    • Industrial
    • Oil & Gas
    • Others
  • By Region:

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Key Market Trends
  • 4. Key Success Factors
  • 5. Market Background
  • 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 7. Global Market - Pricing Analysis
  • 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
    • 9.1. Dispersing Agents
    • 9.2. Rheology Modifiers
    • 9.3. Defoamers
    • 9.4. Others
  • 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
    • 10.1. Construction
    • 10.2. Transportation
    • 10.3. Furniture & Flooring
    • 10.4. Food & Beverages
    • 10.5. Industrial
    • 10.6. Oil & Gas
    • 10.7. Others
  • 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Europe
    • 11.4. East Asia
    • 11.5. South Asia
    • 11.6. Oceania
    • 11.7. Middle East and Africa (MEA)
  • 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 20. Market Structure Analysis
  • 21. Competition Analysis
    • 21.1. Afcona Additives
    • 21.2. Trio
    • 21.3. San Nopco
    • 21.4. Patcham FZC
    • 21.5. Lehmann&Voss&Co.
    • 21.6. Harmony Additives
    • 21.7. Elementis
    • 21.8. Cytec (Solvay)
  • 22. Assumptions and Acronyms Used
  • 23. Research Methodology

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List Of Table

Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region

Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2022 to 2032, By Country

Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type

Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application

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List Of Figures

Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022

Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033

Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022

Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022

Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022

Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033

Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033

Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033

Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033

Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033

Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033

Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033

Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033

Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033

Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033

Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033

Figure 17: North America Market Value Share, By Type, 2022 (E)

Figure 18: North America Market Value Share, By Application, 2022 (E)

Figure 19: North America Market Value Share, By Country, 2022 (E)

Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022

Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033

Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033

Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033

Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033

Figure 25: Latin America Market Value Share, By Type, 2022 (E)

Figure 26: Latin America Market Value Share, By Application, 2022 (E)

Figure 27: Latin America Market Value Share, By Country, 2022 (E)

Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022

Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033

Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033

Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033

Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033

Figure 33: Europe Market Value Share, By Type, 2022 (E)

Figure 34: Europe Market Value Share, By Application, 2022 (E)

Figure 35: Europe Market Value Share, By Country, 2022 (E)

Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022

Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033

Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033

Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033

Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033

Figure 41: South Asia Market Value Share, By Type, 2022 (E)

Figure 42: South Asia Market Value Share, By Application, 2022 (E)

Figure 43: South Asia Market Value Share, By Country, 2022 (E)

Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022

Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033

Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033

Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033

Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033

Figure 49: East Asia Market Value Share, By Type, 2022 (E)

Figure 50: East Asia Market Value Share, By Application, 2022 (E)

Figure 51: East Asia Market Value Share, By Country, 2022 (E)

Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022

Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033

Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033

Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033

Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033

Figure 57: Oceania Market Value Share, By Type, 2022 (E)

Figure 58: Oceania Market Value Share, By Application, 2022 (E)

Figure 59: Oceania Market Value Share, By Country, 2022 (E)

Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022

Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033

Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033

Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033

Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033

Figure 65: Middle East and Africa Market Value Share, By Type, 2022 (E)

Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)

Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)

Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022

Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033

Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033

Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033

Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033

Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033

Figure 74: U. S. Market Value Share, By Type, 2022 (E)

Figure 75: U. S. Market Value Share, By Application, 2022 (E)

Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033

Figure 77: Canada Market Value Share, By Type, 2022 (E)

Figure 78: Canada Market Value Share, By Application, 2022 (E)

Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033

Figure 80: Mexico Market Value Share, By Type, 2022 (E)

Figure 81: Mexico Market Value Share, By Application, 2022 (E)

Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033

Figure 83: Brazil Market Value Share, By Type, 2022 (E)

Figure 84: Brazil Market Value Share, By Application, 2022 (E)

Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033

Figure 86: U. K. Market Value Share, By Type, 2022 (E)

Figure 87: U. K. Market Value Share, By Application, 2022 (E)

Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033

Figure 89: Germany Market Value Share, By Type, 2022 (E)

Figure 90: Germany Market Value Share, By Application, 2022 (E)

Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033

Figure 92: France Market Value Share, By Type, 2022 (E)

Figure 93: France Market Value Share, By Application, 2022 (E)

Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033

Figure 95: Italy Market Value Share, By Type, 2022 (E)

Figure 96: Italy Market Value Share, By Application, 2022 (E)

Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033

Figure 98: Spain Market Value Share, By Type, 2022 (E)

Figure 99: Spain Market Value Share, By Application, 2022 (E)

Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033

Figure 101: Russia Market Value Share, By Type, 2022 (E)

Figure 102: Russia Market Value Share, By Application, 2022 (E)

Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033

Figure 104: China Market Value Share, By Type, 2022 (E)

Figure 105: China Market Value Share, By Application, 2022 (E)

Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033

Figure 107: Japan Market Value Share, By Type, 2022 (E)

Figure 108: Japan Market Value Share, By Application, 2022 (E)

Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033

Figure 110: South Korea Market Value Share, By Type, 2022 (E)

Figure 111: South Korea Market Value Share, By Application, 2022 (E)

Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033

Figure 113: India Market Value Share, By Type, 2022 (E)

Figure 114: India Market Value Share, By Application, 2022 (E)

Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033

Figure 116: ASEAN Market Value Share, By Type, 2022 (E)

Figure 117: ASEAN Market Value Share, By Application, 2022 (E)

Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033

Figure 119: Australia Market Value Share, By Type, 2022 (E)

Figure 120: Australia Market Value Share, By Application, 2022 (E)

Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033

Figure 122: New Zealand Market Value Share, By Type, 2022 (E)

Figure 123: New Zealand Market Value Share, By Application, 2022 (E)

Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033

Figure 125: GCC Countries Market Value Share, By Type, 2022 (E)

Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)

Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033

Figure 128: Turkey Market Value Share, By Type, 2022 (E)

Figure 129: Turkey Market Value Share, By Application, 2022 (E)

Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033

Figure 131: South Africa Market Value Share, By Type, 2022 (E)

Figure 132: South Africa Market Value Share, By Application, 2022 (E)

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- FAQs -

What is the present sales value of the formulation additives industry?

The value of the global market is US$ 20.9 billion in 2023.

What is the growth outlook for the formulation additives market?

The market for formulation additives is estimated to expand at a CAGR of 6.9% through 2033.

What is the forecasted value of the formulation additives market for 2033?

The global formulation additives market is predicted to reach US$ 41 billion by 2033.

Which is the most commonly used type of formulation additive?

Rheology modifiers are anticipated to gain traction in the global market.

What is the projected revenue CAGR for the Canadian Market?

The Canadian market is predicted to advance at a CAGR of 5.8% through 2033.

Who are the leading manufacturers of formulation additives?

Afcona Additives, Trio, San Nopco, Patcham FZC, Lehmann&Voss&Co., Harmony Additives, Elementis, and Cytec (Solvay) are key producers of formulation additives.

Formulation Additives Market

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