Market Size of Formulation Additive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Formulation Additive Market Analysis
The formulation additive market is expected to register a CAGR of more than 4%, globally, during the forecast period. 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. The increase in demand from the construction and transportation sectors has been driving the market growth.
However, the fluctuating raw material prices and the outbreak of coronavirus across the world are likely to hinder the growth of the studied market.
The R&D in innovative adjuvant technologies for developing innovative formulation additives is likely to provide opportunities for the formulation additive market over the next five years.
Asia-Pacific dominated the market worldwide, with increasing consumption from countries, like China and India.
