Performance additives are the various chemicals that are added to modern automotive gasoline and other propelling fuels to stabilize and elevate their octane level, lessening the propensity of pre-ignition, and agreeing for more power to be made from rising compression and advanced ignition timing. The benefits of using these additives include longer product lifespan, high-temperature performance, light-weighting, and volumetric cost reduction. Rising of the energy generation sector, increasing building & construction industries.This growth is primarily driven by Escalated Growth of Infrastructure in Emerging Nations
|Value Unit||USD (Million)|
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The Chemicals sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Vendors, such as Dow (United States), Akzo Nobel N.V (Netherlands), Arkema (France), Evonik Industries (Germany), BASF (Germany), Clariant (Switzerland), DuPont De Nemours (United States), Sanitized AG (Switzerland), Huntsman Corporation (United States) and Avient Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021, Huntsman Corporation acquired Gabriel Performance Products which was a major manufacturer of specialty performance additives and epoxy curing agents for coatings, adhesives and sealants.
In April 2021, BASF SE launched a new website for performance and formulation additives that would provide quick access to the company’s performance additives products.The performance additives market is consolidated, where few major players hold a significant share of the market demand. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Usage of Additives to Enhance Coating Performance
Market Growth Drivers:
Escalated Growth of Infrastructure in Emerging Nations, A growing need in various Industry Verticals in Automotive Industries, Aerospace Industries, Medical & Healthcare Industries, and Packaging Industries and Growing usages of polyethylene glycols, and metal fluorides in the building and construction industry
Performance additive manufacturing faces certain problems with quality consistency and Availability of low-cost substitutes
Stringent regulations imposed by governments regarding additives usage to safeguard people, as well as environmental health, Huge investment is required for the Production of performance additives and Drawbacks of food performance additives
Developing a new production plant for fuel performance additives
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Performance Additives Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Performance Additives Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Performance Additives players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Performance Additives Study Sheds Light on
The Performance Additives Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Performance Additives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Performance Additives industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.