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Synergistic Growth Expected in Food Anti-Caking Agents and Anti-Settling Agents Markets

2023-11-23 22:06:41.862000

The food anti-caking agents market is projected to reach $1,074 million by 2025, growing at a CAGR of 5.5% between 2020 and 2025. The market is driven by the usage of anti-caking agents in various food applications, the need for diverse functionalities in food products, and the demand for better quality and longer shelf life. Natural anti-caking agents are gaining popularity due to consumer demand for clean label and natural products. Silicon dioxide is a widely accepted food anti-caking agent. The North American region has high consumption and demand for food ingredients, driving the growth of the market. Key players in the market include Evonik Industries AG, PPG Industries, Inc., Brenntag AG, Univar Solutions Inc., Solvay SA, Cabot Corporation, and Agropur Ingredients. [8dfc8db0]

The global anti-settling agents market is projected to reach US$ 388.0 million by 2033, growing at a CAGR of 4.3%. Anti-settling agents are substances added to paints and coatings to prevent solid particles from settling. They enhance stability, improve product performance, and have cost-effective advantages. The market is driven by the increasing demand for high-performance coatings and paints in industries like construction and automotive. North America holds a market share of 23% in 2023, with the US market expected to witness a CAGR of 4.5%. The paints segment is expected to account for the highest market share, while aqueous use cases generate maximum revenues. Key players in the market include BASF SE, Evonik Industries, and Fine Organic Industries Ltd. China presents significant opportunities for anti-settling agent manufacturers due to its growing construction and paint activities. The global crosslinking agent market is projected to reach US$ 18.45 billion by 2032, and the global natural gelling agents market is forecast to reach US$ 6.33 billion by 2032. [b14380d8]

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