The global plastic additives market size reached USD 39.69 Billion in 2021 and register a revenue CAGR of 5.1% over the forecast period, according to the latest analysis by Emergen Research. Rapid urbanization has resulted in rapid growth of the building and construction industry in a number of developing countries, which is expected to continue to drive demand for plastic additives. Plastic additives enhance the performance and durability of polymers in a variety of building applications. Additives are used in paints and coatings to improve the performance of the coating film. In addition, rising demand for flame retardant additives used mostly in the interiors of buildings is further expected to drive revenue growth of the market going ahead.
Rapid growth of the automotive industry and increasing demand for Electric Vehicles (EVs) had led to surge in sales of EVs. In 2020, about 300,000 EVs were sold, which accounted for around 2% of the U.S. new automobile market, which is expected to increase at a rapid rate.
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Over 70% of the plastics used in automobiles comes mainly from four polymers, which are polyamides, polyurethane, polypropylene, and PVC. Engineering thermoplastics are also used to withstand the high heat generated by EV power packs. Furthermore, polymers such as Polyether Ether Ketone (PEEK), and Polytetrafluoroethylene (PTFE) has demonstrated heat resistance and can be used as a replacement for metals while designing automotive components.
The new report titled ‘Global Plastic Additives Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Plastic Additives Market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Plastic Additives Market.
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Plastic Additives Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Emergen Research has segmented the global plastic additives market on the basis of type, plastic type, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Plasticizers
Stabilizers
UV Stabilizers
Antioxidants
Flame Retardant
Blowing Agents
Nucleating Agents
Others
Plastic Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Commodity Plastics
Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Polyphenylene Ethers (PPE)
Engineering Plastics
High-Performance Plastics (HPA)
Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Packaging
Consumer Goods
Construction
Automotive
Others
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Some major companies in the global market report include BASF SE, Clariant AG, The Dow Chemical Company, Albemarle Corporation, Songwon Industrial Co., Ltd., ExxonMobil Chemical, DuPont de Nemours, Inc., Nouryon, Lanxess AG, Evonik Industries AG, and Kaneka Corporation.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Plastic Additives market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Plastic Additives market size
2.2 Latest Plastic Additives market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Plastic Additives market key players
3.2 Global Plastic Additives size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Plastic Additives market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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