Functional Additives: Top Drivers that will Enable COVID-19 Recovery

Market Insights to Drive Recovery from COVID-19

Technavio’s Functional Additives Market is set to grow by $ 973.33 mn, and the market will progressing at a CAGR of almost 4.79% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.

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Functional Additives Market: What are the factors that will drive market growth?

^A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is Growing demand from packaging industry. For more insights on the impact of this and all the other drivers, request for our FREE sample report:

Functional Additives Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Functional Additives Market is segmented by Type (Oxygen scavengers, UV stabilizers, Antistatic agents, Antimicrobial additives, and Others), Geography (APAC, North America, Europe, South America, and MEA), and Application (foods and beverages, pharmaceutical and healthcare, personal care and cosmetics, and others). Request our Free Sample Report

Functional Additives Market: Vendor Analysis

The Functional Additives Market is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. ADEKA Corp., ALTANA AG, Amcor Plc, Avient Corp., BASF SE, Clariant International Ltd., DuPont de Nemours Inc., Milliken and Co., Sabo Spa, and Solvay SA are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 4.79%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 973.33 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Growing demand from packaging industry will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   61% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are ADEKA Corp., ALTANA AG, Amcor Plc, Avient Corp., BASF SE, Clariant International Ltd., DuPont de Nemours Inc., Milliken and Co., Sabo Spa, and Solvay SA
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Oxygen scavengers, UV stabilizers, Antistatic agents, Antimicrobial additives, and Others), Geography (APAC, North America, Europe, South America, and MEA), and Application (foods and beverages, pharmaceutical and healthcare, personal care and cosmetics, and others)

Functional Additives Market Size to Grow by $ 445 mn During 2020-2024

Technavio has been monitoring the functional additives market and it is expected to grow by $ 445 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Functional Additives Market: APAC to lead market growth during the forecast period

• 63% of the market growth will originate from APAC during the forecast period.
• Growing demand from pharmaceutical industry will be a key trend that will influence market growth significantly.
• The Growing demand from packaging industry will be a significant factor in driving the growth of the functional additives market.

Functional Additives Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ADEKA Corp., ALTANA AG, Amcor Plc, BASF SE, Clariant International Ltd., DuPont de Nemours Inc., Milliken & Co., PolyOne Corp., Sabo Spa, and Solvay SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Functional Additives Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive functional additives market growth during the next five years
• Precise estimation of the functional additives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the functional additives market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of functional additives market vendors

Technavio has been monitoring the Global Functional Additives Market and it is expected to grow by USD 445 million progressing at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

APAC: Rising demand from developing countries to drive growth 

63% of the market’s growth will originate from APAC during the forecast period, with China, India, and Japan being the key markets for functional additives in the region. Factors such as growing demand from the packaging industry, rising demand from developing countries, and growing demand from the pharmaceutical industry will offer immense growth opportunities. However, volatility in raw material prices, lack of awareness of eco-friendly functional additives, and stringent regulation and policies may impede market growth. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the functional additives market market size.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Functional Additives Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ADEKA Corp., ALTANA AG, Amcor Plc, BASF SE, Clariant International Ltd., DuPont de Nemours Inc., Milliken & Co., PolyOne Corp., Sabo Spa, and Solvay SAare some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Functional Additives Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive Functional Additives Market growth during the next five years
• Precise estimation of the Functional Additives Market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the functional additives industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Functional Additives Market vendors