Press release
Performance Additives Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are AkzoNobel and Evonik Industries.
The prime factors propelling the growth of the performance additives market are:• The increasing demand from end-use industries.
• Advances in technology.
• The growing demand for eco-friendly additives.
As per the study, the performance additives market is expected to grow steadily over the forecast period.
Performance additives are chemical compounds added to products, such as fuels, lubricants, plastics, and coatings, to enhance their properties and improve their performance. These additives alter the base material's chemical and physical properties, providing specific benefits that are not achievable through the base material alone. Industries such as automotive, construction, packaging, and consumer goods drive the demand for performance additives. These additives enhance the properties of materials such as plastics, rubbers, and coatings and meet the specific requirements of different applications in these industries. For instance, data from the International Organization of Motor Vehicles Manufacturers shows that there has been an increase of 3% in the global production of vehicles between 2020 and 2021. Moreover, developing new and advanced performance additives that offer improved properties such as better thermal stability, increased durability, and reduced environmental impact is driving the demand for these products. In addition, the demand for eco-friendly and sustainable additives is rising due to the growing awareness of ecological concerns and the need to lower carbon footprints.
Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/performance-additives-market
The performance additives market has been categorized based on form, application, industry vertical, and geography.
The market has been classified by form type based on solid and liquid forms.
Based on application, the classification has been done on Paints & Coatings, Lubricants, Adhesives, Plastics, Rubber, and others. The market has been classified by industry vertical into Automotive, Building & Construction, Aerospace, Energy Generation, and others. The Automotive and Building & Construction industry is expected to witness significant growth in this segment.
By region, Asia-Pacific is expected to show the maximum growth potential in the performance additives market due to the growth of the automotive, construction, and packaging industries in the countries of this region.
The major players operating in the performance additives market are BASF SE, Honeywell International Plc, Huntsman Corporation, AkzoNobel, Solvay S.A, Evonik Industries, DOW, HEXPOL Group, and Kaneka Corporation.
This Performance Additives Market has been analyzed into the following segments:
• By Form
o Solid
o Liquid
• By Application
o Paints & Coatings
o Lubricant
o Adhesives
o Plastics
o Rubber
o Others
• By Industry Vertical
o Automotive
o Building & Construction
o Aerospace
o Energy Generation
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
o Middle East and Africa
• Saudi Arabia
• Israel
• United Arab Emirates
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Indonesia
• Thailand
• Taiwan
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/rubber-additives-market
• https://www.knowledge-sourcing.com/report/lubricant-additives-market
• https://www.knowledge-sourcing.com/report/coating-additives-market
• https://www.knowledge-sourcing.com/report/global-anti-slip-additives-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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