Press release
Formulation Additives Market Analysis Research Report 2019: By Top Key Players Are BASF SE, Eastman Chemical Company, Evonik Industries AG, Dowdupont, Cabot Corporation, Allnex Group.
Formulation Additives Market, Global Formulation Additives Market
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Rapid industrialization and increasing commercial and residential construction across the globe are expected to drive the demand for formulation additives during the forecast period. Furthermore, the demand for automotive OEM and refinish coatings is likely to propel market growth.
Anti-foaming agents are responsible for breaking down foam film, which, if present, may cause poor dispersion of fillers, defects in coating, creation of scum, product separation, and inhibition of permeation and wetting.
Rheology agents are used to improve the flow properties of paints and coatings. Wetting agents ensure that the paint spreads uniformly over the surface whereas leveling agents help control surface tension and provide a flat and smooth appearance.
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Segmentation
The global formulation additives market has been segmented by type, end-use industry, and region.
By Type, the global formulation additives market has been segmented into dispersing agents, defoamers, rheology agents, wetting and leveling agents, and film forming agents. Dispersing agents are surface-active ingredients that prevent flocculation and ease the incorporation of pigments and fillers in the liquid.
Based on end-use industry, the market has been segmented into paints and coatings, construction, automotive, electronics, printing and packaging, furniture, and others. The paints and coatings industry are leading the market due to the high demand in major industries
Based on five Regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The market in Asia-Pacific dominated the global formulation additives market in 2017 on account of the high demand in major end-use industries such as paints and coatings, automotive, construction, and electronics in the region.
The Latin American market is projected to witness considerable growth due to the growing automotive industries in Brazil and Argentina.
The market in the Middle East & Africa is also likely to grow due to the presence of infrastructure hubs in the region.
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)
Honeywell International Inc. (US).
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