Formulation additives Market | Exactitude Consultancy Reports

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Formulation Additives Market by Type (Defoamers, Rheology Modifier, Dispersing Agents), By End User Industry (Construction, Transportation, Automotive, Oil and Gas, Food and Beverage, Electronics, Other) and Region, Global trends and forecast from 2023 to 2029

The Formulation additives market is expected to grow at 6% CAGR from 2023 to 2029. It is expected to reach above USD 39.2 billion by 2029 from USD 23.2 billion in 2022.
Segment Analysis
The formulation additives market is segmented based on type, end user industry and Region, Global trends and forecast.

By type, the market is bifurcated into type (Defoamers, Rheology Modifier, Dispersing Agents), by End-user Industry (Construction, Transportation, Automotive, Oil and Gas, Food and Beverage, Electronics, Other).

The most frequently used types of formulation additives, according to the type segment, are rheology modifiers, dispersing agents, and defoamers. This market is being driven by an increase in the demand for rheology additives that can provide benefits like improved pigment wetting, excellent spatter resistance, and improved flow behavior. These formulation additives are used to improve performance by modifying the consistency and flow behavior of formulations. The market for rheology modifiers additives is driven by their ability to lessen pigment sedimentation in paints and coatings applications.

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