Product Code: RP-ID-10265642 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10265642
Market Overview:
Global Plastic Additives Market Size study, by Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers, Other Plastic Additives) By Application (Commodity Plastics, Engineering Plastic, High Performance Plastics) By Plastic (Packaging, Consumer Goods, Construction, Automotive, Others) and Regional Forecasts 2019-2026
Global Plastic Additives Market is valued approximately USD 43 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4 % over the forecast period 2019-2026. Polymer additives can mostly be categorized as functional agents or polymer stabilizers. These additives are all chemicals used to polymerize, process or to change end use plastics properties. These plastic additives improve the heat sensitivity, polymer’s strength and durability thus, are used by the end use industries such as automotive, building, consumer electronics and other. Thus, increasing use of plastic additives in end use industries, growing plastic consumption coupled with replacement of conventional materials by plastics in several applications are key driving forces of market growth. According to plastic garbage project organization, about 300 million tons of plastic is produced every year whereas, global plastic production reached 359 million metric tons in 2018. This growth in plastic production capabilities cater to high potential market globally. Apart from this, increasing demand of plastic additives from agriculture and pharmaceutical applications is expected to create significant growth opportunity in the market over the forecast period. However, stringent government regulations impede the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Plastic Additives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the growing demand for processed food is booming the plastic industry thereby augmenting the demand for plastic additives. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising automotive industry, packaging industry, increasing demand of plastic additives from the retail industry would create lucrative growth prospects for the Plastic Additives market across Asia-Pacific region.
Major market player included in this report are:
Songwon Industrial Co., Ltd.
Albemarle Corporation
BASF SE
Clariant AG
The DOW Chemical Company
Akzonobel NV
Bayer AG
Chemtura Corporation
Evonik Industries AG
Kaneka Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Plasticizers
Stabilizers
Flame Retardants
Impact Modifiers
Other Plastic Additives
By Application:
Commodity Plastics
Engineering Plastic
High Performance Plastics
By Plastic:
Packaging
Consumer Goods
Construction
Automotive
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Plastic Additives Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Albemarle Corporation
BASF SE
Clariant AG
The DOW Chemical Company
Akzonobel NV
Bayer AG
Chemtura Corporation
Evonik Industries AG
Kaneka Corporation
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