Plastic Additives Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Plastic Additives Market By Additive Type (Plasticizers, Flame Retardant, Impact Modifiers, Antioxidants, Antimicrobials, UV Stabilizers, Others), By Plastic Type, (Commodity Plastic, Engineering Plastic, High Performance Plastic), By Application (Packaging, Automotive, Consumer Goods, Construction, Others), and Geography

 

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Report

Description

The Plastic Additives Market size is estimated to be USD 45.7 billion in 2020 and is projected to reach USD 60.0 billion by 2027, at a CAGR of 5.7% between 2021 and 2027. The Plastic Additives Market in this study is mostly focused on plasticizers, flame retardants, antioxidants, antimicrobials, UV stabilisers, and blowing agents, among other types of plastic additives. Lubricants, colour pigments, bio-stabilizers, perfumes, bio-degraders, and anti-static plastic additives are not covered in this report. The purpose of plastic additives such as property modifiers, property stabilisers, property extenders, and processing aids is also covered in this paper. Plastic additives has a diverse product portfolio that has given the plastic product market new opportunities. Plastics are employed in a variety of ways in the market; however, these different types of plastics are created by adding additives. The additives work as catalysts or fillers to improve the qualities of plastics, which can be employed in a range of applications including automobiles, homes, and telecommunications. Polymers are blended with a variety of materials known as additives to create all plastic products. Plastics are made safer, cleaner, harder, heat and UV resistant, and antibacterial by adding additives. Increase in the adoption of plastic in construction, packaging, automotive, and other end-user industries is a major factor drive the market over the forecast years. In construction industry, plastic materials are widely used for thermal insulation of buildings and improve the efficiency quality and safety of the buildings. Moreover, increase in the usage of plastic products also surge the market over the forecast years. Due to low price of plastic material, high durability and high performance with plastic, development of non-toxic plastic, and the growing commercialization of plastic materials are anticipated to propel the market over the forecast timeframe. The global plastic additives market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, Clariant introduced 2 new natural-based waxes and dispersing agents for engineering plastics and biopolymers: Licocare RBW 360 TP Vita and Ceridust 1060 Vita.

 


Plastic Additives Market

MARKET SUMMARY
-
5.7%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 5.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Plastic Additives Market

  • The report gives historical, current, and future market sizes (US$ bn) on the basis of additive type, plastic type, application, and region.
  • This report studies global plastic additives market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global plastic additives market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global plastic additives products.
Market Key Players
  • BASF SE
  • SABIC
  • DuPont
  • ExxonMobil Chemical
  • Mitsui Chemical
  • The Dow Chemical Company
  • Evonik Industries AG
  • Imerys S.A.
  • Lanxess AG
  • DIC Corporation
  • Clariant International Ltd.
  • Chemtura Corporation
  • Croda International PLC
  • Amfine Chemical Corporation
  • PMC Group
Growth

Plastic Additives Market

plastic materials in end user industries such as automotive, construction, packaging, and consumer goods. Moreover, rise in R&D for the development of newer products, wide range of applications with plastic additives such as impact modifier and flame retardants, rise in adoption of eco-friendly packaging materials, and grow in disposable income are anticipated to boost the market over the forecast years. For instance, in April 2018, Solvay developed UV stabilization plastic additives for automotive, building & construction and agricultural applications. However, stringent regulations for usage of plastic, complexity in the recycling of plastics, and adoption of alternative materials for plastic from end user industries are hamper the growth of market over the forecast years.


Asia-Pacific Got Significant Share

Plastic Additives Market

Global plastic additives market report gives comprehensive outlook on plastic additives across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, Asia Pacific accounted for larger revenue share and the market is expected to grow at prominent growth rate over the forecast years owing to rapid growth in adoption of plastic due to surge in population in India, china, and Japan, escalation in number of end user industries, and expansion of business by the market players into the region. Europe plastic additives market projected to grow at significant rate owing to rapid industrialization, expansion of automotive in Germany, France, and UK, and technological advancements in manufacturing process are propel the market revenue in the future year.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Plastic Additives Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • BASF SE
  • SABIC
  • DuPont
  • ExxonMobil Chemical
  • Mitsui Chemical
  • The Dow Chemical Company
  • Evonik Industries AG
  • Imerys S.A.
  • Lanxess AG
  • DIC Corporation
  • Clariant International Ltd.
  • Chemtura Corporation
  • Croda International PLC
  • Amfine Chemical Corporation
  • PMC Group

Description

The Plastic Additives Market size is estimated to be USD 45.7 billion in 2020 and is projected to reach USD 60.0 billion by 2027, at a CAGR of 5.7% between 2021 and 2027. The Plastic Additives Market in this study is mostly focused on plasticizers, flame retardants, antioxidants, antimicrobials, UV stabilisers, and blowing agents, among other types of plastic additives. Lubricants, colour pigments, bio-stabilizers, perfumes, bio-degraders, and anti-static plastic additives are not covered in this report. The purpose of plastic additives such as property modifiers, property stabilisers, property extenders, and processing aids is also covered in this paper. Plastic additives has a diverse product portfolio that has given the plastic product market new opportunities. Plastics are employed in a variety of ways in the market; however, these different types of plastics are created by adding additives. The additives work as catalysts or fillers to improve the qualities of plastics, which can be employed in a range of applications including automobiles, homes, and telecommunications. Polymers are blended with a variety of materials known as additives to create all plastic products. Plastics are made safer, cleaner, harder, heat and UV resistant, and antibacterial by adding additives. Increase in the adoption of plastic in construction, packaging, automotive, and other end-user industries is a major factor drive the market over the forecast years. In construction industry, plastic materials are widely used for thermal insulation of buildings and improve the efficiency quality and safety of the buildings. Moreover, increase in the usage of plastic products also surge the market over the forecast years. Due to low price of plastic material, high durability and high performance with plastic, development of non-toxic plastic, and the growing commercialization of plastic materials are anticipated to propel the market over the forecast timeframe. The global plastic additives market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, Clariant introduced 2 new natural-based waxes and dispersing agents for engineering plastics and biopolymers: Licocare RBW 360 TP Vita and Ceridust 1060 Vita.

 

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