The global demand for Plastic Additives Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A plastic additive is a chemical compound that is added to polymers to improve the chemical and physical properties of plastic products. It acts as a catalyst or filler to improve the strength to weight ratio, luster, durability, corrosion resistance and heat sensitivity of the product. Some of the commonly used plastic additives include property extenders, modifiers, and stabilizers and processing aids, these are used for commodity, engineering and high-performance plastics. Owing to these advantages and features, they find extensive applications across various industries, including packaging, construction, automotive and manufacturing.
The rapid industrialization across the globe is key factors driving the growth of the market. Replacement of conventional materials used in the production of consumer goods and various textiles, agricultural and medical products with the new high-performance product is providing a boost to the market growth. For instance, plastic products with enhanced mechanical and electrical properties are used in place of traditionally used materials, such as glass, paper, ceramic and metal. Additionally, the rising product demand from the packaging industry is also creating a positive outlook for market growth. Polyvinyl chloride (PVC), polyethene terephthalate (PET), low-density polyethene (LDPE), and high-density polyethene (HDPE) are among the most commonly used packaging materials across the globe. They are often treated with plastic additives to extend their operational life, appearance and mechanical properties. Growing demand for disposable and reusable plastic products from the medical industry, along with the widespread adoption of 3D printing technologies, are projected to drive the market further. However, stringent government regulation regarding the plastic additive is restraining the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of plastic additives.
The entire plastic additives market has been sub-categorized into additive type, plastic type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Additive Type
By Plastic Type
- Flame Retardants
- Impact Modifiers
- Commodity Plastic
- Engineering Plastic
- High Performance Plastic
- Consumer Goods
This section covers regional segmentation which accentuates on current and future demand for plastic additives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastic Additives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plastic additives market include Akzonobel NV, Albemarle Corporation, BASF, Clariant AG, DowDuPont, Evonik Industries AG, Kaneka Corporation, Lanxess AG, Songwon Industrial Co. Ltd.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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