Global Plastic Additives Market Size, Trends & Growth Opportunity, By Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modisiers, Blowing Agents, Nucleating Agents, Others), By Plastic type (Commodity Plastic, Engineering Plastic, High-Performance Plastics), By Region and Forecast till 2027
Report ID : QR1001300 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 263Global Plastic Additives Market
The global Plastic Additives market was valued at USD 45600 million in 2020 which expected to reach USD 59900 million by 2027 at a CAGR 5.6% from 2020-2027.
Additives for plastics Market refers to the components that are introduced into polymers during the reaction or chemical process. These additives help to increase polymer qualities like as strength, gloss, durability, and heat sensitivity. Because of the decrease in mineral ore sources, the cost of metal equipment has risen, prompting the usage of plastics to replace this metal equipment. The low cost of plastics equipment and metals with similar chemical characteristics are driving the additives market. Plastic additives are used to improve the qualities of plastics that are required for the desired plastic goods.
Market Drivers
Plastic is being used in place of traditional materials.
Plastic additives are utilized in many industries, including packaging, construction, automotive, consumer goods, textile, agriculture, and medical. The rebound in these primary market sectors, as well as a rise in demand for polymer additives for applications in these segments, are expected to promote growth in the market size of plastic additives. In terms of mechanical and electrical properties, abrasion resistance, and chemical resistance, plastics, particularly engineering plastics, outperform traditional materials such as metals, glass, paper, and ceramics.
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Market Restraints
Government laws governing the plastics industry are stringent.
Several new restrictions and potential limitations on the use of petroleum-based plastics are projected to have an impact on the sales of plastic additives. A number of scientific investigations have supported limitations on various types of plastic additives, such as particular variants of flame retardants and plasticizers. With effect from the summer of 2004, the EU and two states in the United States—California and Maine—had imposed prohibitions on items containing more than 1% pentaBDE or octaBDE (for specific uses in Europe).
Impact of COVID-19
The COVID-19 epidemic caused a fall in the majority of industries. Countries around the world, particularly in Europe, South America, and North America, have seen the highest number of COVID-19 cases, affecting industrial operations in all regions. Demand for end-products such as automotive components, plastic construction materials such as pipes and fittings, and consumer items has decreased, resulting in a drop in demand for black master batch in 2020. However, industrial and construction activities are gradually rebounding and are expected to produce additional demand for plastic additives for their end-products during the forecast period.
Market Segmentation
The Global Plastic Additives Market is segmented into Type, Plastic type. By Type such as Plasticizers, Stabilizers, Flame Retardants, Impact Modisiers, Blowing Agents, Nucleating Agents, Others. Further, market is segmented into By Plastic type such as Commodity Plastic, Engineering Plastic, High-Performance Plastics.
Regional Analysis
Global Plastic Additives Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa APAC includes key growing economies such as China and India. As a result, most industries have a lot of room to grow in this region. The plastic additives market is expanding rapidly and provides opportunity for a variety of producers. The APAC region is home to around 61.0 percent of the world's population, and the region's manufacturing and processing industries are expanding rapidly. The APAC region has the largest plastic additives market, with China being the most important market, and it is predicted to develop rapidly in the next years. Growing disposable incomes and rising living standards in APAC's emerging nations are the primary drivers of this industry.
Key Players
Various key players are listed in this report such as BASF, CHEMTURA CORPORATION, EXXON MOBIL CORPORATION, BAYER AG, Clariant Ltd., Kaneka Corp., Axel Plastics Research Laboratories, Inc., LANXESS AG, Zeon Chemicals L.P, and DOW Plastic Additives.
Market Taxonomy
By Type
- Plasticizers
- Stabilizers
- Flame Retardants
- Impact Modisiers
- Blowing Agents
- Nucleating Agents
- Others
By Plastic type
- Commodity Plastic
- Engineering Plastic
- High-Performance Plastics
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Plastic Additives Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Plastic Additives Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Plastic Additives Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Plastic Additives Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Plastic Additives Market Share Analysis, By Type
5.3 Global Plastic Additives Market Size and Forecast, By Type
5.3.1 Plasticizers
5.3.2 Stabilizers
5.3.3 Flame Retardants
5.3.4 Impact Modisiers
5.3.5 Blowing Agents
5.3.6 Nucleating Agents
5.3.7 Others
6 Global Plastic Additives Market, By Plastic type
6.1 Y-o-Y Growth Comparison, By Plastic type
6.2 Global Plastic Additives Market Share Analysis, By Plastic type
6.3 Global Plastic Additives Market Size and Forecast, By Plastic type
6.3.1 Commodity Plastic
6.3.2 Engineering Plastic
6.3.3 High-Performance Plastics
7 Global Plastic Additives Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Plastic Additives Market Share Analysis, By Application
7.3 Global Plastic Additives Market Size and Forecast, By Application
7.3.1 Packaging,
7.3.2. Consumer Goods
7.3.4. Construction
7.3.5. Automotive
7.3.6. Others
8 Global Plastic Additives Market, By Region
8.1 Global Plastic Additives Market Share Analysis, By Region
8.2 Global Plastic Additives Market Share Analysis, By Region
8.3 Global Plastic Additives Market Size and Forecast, By Region
9 North America Plastic Additives Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Plastic Additives Market Share Analysis, By Type
9.3 North America Plastic Additives Market Size and Forecast, By Plastic type
9.4 North America Plastic Additives Market Size and Forecast, By Application
9.6 North America Plastic Additives Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Plastic Additives Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Plastic Additives Market Share Analysis, By Type
10.3 Europe Plastic Additives Market Size and Forecast, By Plastic type
10.4 Europe Plastic Additives Market Size and Forecast, By Application
10.6 Europe Plastic Additives Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Plastic Additives Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Plastic Additives Market Share Analysis, By Type
11.3 Asia Pacific Plastic Additives Market Size and Forecast, By Plastic type
11.4 Asia Pacific Plastic Additives Market Size and Forecast, By Application
11.6 Asia Pacific Plastic Additives Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Plastic Additives Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Plastic Additives Market Share Analysis, By Type
12.3 Latin America Plastic Additives Market Size and Forecast, By Plastic type
12.4 Latin America Plastic Additives Market Size and Forecast, By Application
12.6 Latin America Plastic Additives Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Plastic Additives Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Plastic Additives Market Share Analysis, By Type
13.3 Middle East Plastic Additives Market Size and Forecast, By Plastic type
13.4 Middle East Plastic Additives Market Size and Forecast, By Application
13.6 Middle East Plastic Additives Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. CHEMTURA CORPORATION
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. EXXON MOBIL CORPORATION
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 BAYER AG
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Clariant Ltd
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Kaneka Corp
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Axel Plastics Research Laboratories, Inc
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 LANXESS AG
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.8 Zeon Chemicals L.P
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 DOW Plastic Additives
15.9.1 Overview
15.9.2 Types
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies