Additives Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type, By End User, and Region Forecast 2019-2030
Additives Market size was valued at US$ 163.9 billion in 2023 and is projected to grow at 5.1% CAGR from 2024–2030. An additive is an active ingredient added to a product to enhance certain aspects including productivity, shelf life, texture, performance, and efficiency, different kinds of additives in the market are coating, lubricant, fuel, food, plastic, agrochemical, and building additives. Polymer is combined with composite elements known as plastic additives to create plastic products that are utilised in applications like prosthetic hip joints, dashboards, steering wheels, synthetic bumpers, and hypodermic syringes. The expansion of the food and packaging industries as well as the growing use of lightweight materials in the automotive sector are the main key drivers for the growth of the global additives market.
Additionally, there is a greater demand for packaged food and beverage goods due to increased awareness of hygienic eating options. Increasing adverse consequences like headaches, nausea, eye redness, and nausea by usage of additives may hamper the growth of global additives market and also the usage of chemicals in a variety of meals can result in decrease of the additives market growth and huge product costs and banning of its use in developed western countries can be challenging for the global industry growth of additives market. Growing penetration of the product like coating additives, lubricant additives in the construction and automotive sector to open new market growth avenues across the globe is a key opportunities in additives market. However, the use of additives in animal husbandry like adding additives in feed and water of animals to improve their gut and overall performance of health and also using natural additives in animal husbandry is creating a trend in the growth of additives market.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Plastic additives are reportedly used in a wide range of products, such as dashboards, hypodermic syringes made of plastic, synthetic bumpers, prosthetic hip joints, and steering wheels, the growing population has led to an increase in the demand for both personal and commercial automobiles which will increase the demand for the production of plastic additives.
The noteworthy attributes of plastic additives, including its high strength, durability, impact resistance, flame resistance, and lightweight nature, render it a perfect material for manufacturing diverse automotive parts, including consoles, roof rails, bumpers, and other components.
Based on region analysis, the additives market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia-Pacific additives market is expected to develop at the highest CAGR over the forecast years due to industrialisation of rising economies, including China and India, is expanding quickly.
For example, a significant portion of the economy is contributed by industries like plastic production, buildings, energy (power plants), and agrochemicals. Therefore, the development of the transport industry, particularly the railway industry in Japan and the industries that manufacture ships and submarines in China and India, is a major factor driving the growth of the additives market in the Asia-Pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 163.9 billion |
|
Market CAGR |
5.1% |
|
By Product Type |
|
|
By End User |
|
|
By Region |
|
Download Free Sample Report
The global additives market size was valued at US$ 163.9 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
Food additives segment is accounted for the largest share in the additives market.
The additives market is segmented on the basis of product type, end- use and region.
The key market players of the additives market are BASF SE, Clariant AG, Dow Inc, Evonik Industries AG, Lanxess AG, Eastman Chemical Company.
Asia Pacific has the fastest CAGR growth rate in additives market.
| 1.Executive Summary |
| 2.Global Additives Market Introduction |
| 2.1.Global Additives Market - Taxonomy |
| 2.2.Global Additives Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Additives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Additives Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Plastic Additive |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Food Additive |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Construction Additive |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Lubricant Additive |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Fuel Additive |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Coating Additive |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Agrochemical Additive |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Medicated Feed Additive |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global Additives Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Packaging |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Food & Beverage |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Building & Construction |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Chemical |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Automotive |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Aerospace |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Animal Husbandry |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Additives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Plastic Additive |
| 8.1.2.Food Additive |
| 8.1.3.Construction Additive |
| 8.1.4.Lubricant Additive |
| 8.1.5.Fuel Additive |
| 8.1.6.Coating Additive |
| 8.1.7.Agrochemical Additive |
| 8.1.8.Medicated Feed Additive |
| 8.1.9.Others |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Packaging |
| 8.2.2.Food & Beverage |
| 8.2.3.Building & Construction |
| 8.2.4.Chemical |
| 8.2.5.Automotive |
| 8.2.6.Aerospace |
| 8.2.7.Animal Husbandry |
| 8.2.8.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Plastic Additive |
| 9.1.2.Food Additive |
| 9.1.3.Construction Additive |
| 9.1.4.Lubricant Additive |
| 9.1.5.Fuel Additive |
| 9.1.6.Coating Additive |
| 9.1.7.Agrochemical Additive |
| 9.1.8.Medicated Feed Additive |
| 9.1.9.Others |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Packaging |
| 9.2.2.Food & Beverage |
| 9.2.3.Building & Construction |
| 9.2.4.Chemical |
| 9.2.5.Automotive |
| 9.2.6.Aerospace |
| 9.2.7.Animal Husbandry |
| 9.2.8.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Plastic Additive |
| 10.1.2.Food Additive |
| 10.1.3.Construction Additive |
| 10.1.4.Lubricant Additive |
| 10.1.5.Fuel Additive |
| 10.1.6.Coating Additive |
| 10.1.7.Agrochemical Additive |
| 10.1.8.Medicated Feed Additive |
| 10.1.9.Others |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Packaging |
| 10.2.2.Food & Beverage |
| 10.2.3.Building & Construction |
| 10.2.4.Chemical |
| 10.2.5.Automotive |
| 10.2.6.Aerospace |
| 10.2.7.Animal Husbandry |
| 10.2.8.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Plastic Additive |
| 11.1.2.Food Additive |
| 11.1.3.Construction Additive |
| 11.1.4.Lubricant Additive |
| 11.1.5.Fuel Additive |
| 11.1.6.Coating Additive |
| 11.1.7.Agrochemical Additive |
| 11.1.8.Medicated Feed Additive |
| 11.1.9.Others |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Packaging |
| 11.2.2.Food & Beverage |
| 11.2.3.Building & Construction |
| 11.2.4.Chemical |
| 11.2.5.Automotive |
| 11.2.6.Aerospace |
| 11.2.7.Animal Husbandry |
| 11.2.8.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Plastic Additive |
| 12.1.2.Food Additive |
| 12.1.3.Construction Additive |
| 12.1.4.Lubricant Additive |
| 12.1.5.Fuel Additive |
| 12.1.6.Coating Additive |
| 12.1.7.Agrochemical Additive |
| 12.1.8.Medicated Feed Additive |
| 12.1.9.Others |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Packaging |
| 12.2.2.Food & Beverage |
| 12.2.3.Building & Construction |
| 12.2.4.Chemical |
| 12.2.5.Automotive |
| 12.2.6.Aerospace |
| 12.2.7.Animal Husbandry |
| 12.2.8.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.BASF SE |
| 13.2.2.Clariant AG |
| 13.2.3.Dow Inc |
| 13.2.4.Evonik Industries AG |
| 13.2.5.Lanxess AG |
| 13.2.6.Eastman Chemical Company |
| 13.2.7.Milliken Chemical |
| 13.2.8.PolyOne Corporation |
| 13.2.9.Sanitized AG |
| 13.2.10.BioCote Limited |
| 13.2.11.Givaudan |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
Download Free Sample
