During the projected period (2023 to 2033), the market for formulation additives is anticipated to grow at a high-value CAGR of 6.9%. As a result, it is anticipated that the global demand for formulation additives will increase from US$ 20.9 billion in 2023 to US$ 41 billion by 2033.
Due to their capacity to improve a product's performance, stability, and functionality, formulation additives...