The global plastic additives market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Plastic Additives Market studies the market scenario to offer growth projections for the Plastic Additives industry for the forecast period of 2020-2027. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
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. 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.
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Some Key Highlights From the Report
- On 27 November 2019, Evonik Industries AG engaged in research and development (R&D) to develop solutions for recycling plastics and rubber. It is currently working with a disposal company to optimize the recycling of polyethylene. The company used its product Vestoplast, which is an additive and primarily used as adhesives in the hot melt to improve the impact strength or flow properties of polyethylene, which can help in reusing recycled plastic.
- The stabilizers segment is expected to register a robust revenue growth rate over the forecast period owing to rising demand as a polymer additive to prevent the degradation of polymers during processing and retain their physical properties. For instance, heat stabilizers are added to a polymer to protect the properties of the plastic from heat damage, during the manufacturing process. Heat-stabilizing additives are widely used in Polyvinyl Chloride (PVC) to preserve strength, durability, and performance of the polymer.
- The market in Asia Pacific is expected to account for largest revenue share during the forecast period. Rapid growth in the construction industry in countries of the region is expected to drive demand for plastic additives used in paints and coatings and flame retardants as well as in other construction activities.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Some major companies in the 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
- Kaneka Corporation
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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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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Plastic Additives industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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