Global Plastic Additives Industry to 2026 – By Additive Type, Plastic Type, Application, and Geography – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Plastic Additives Market – Global Outlook and Forecast 2021-2026” the report was added to ResearchAndMarkets.com offer.

The plastic additives market was valued at USD 28.53 billion in 2020 and is expected to reach USD 38.77 billion by 2026, with a CAGR of 5.24%.

Due to population growth, rapid urbanization and rising middle class incomes, APAC countries will experience high demand for plastic additives from end user markets. To increase innovative applications and for bioplastics, heavy investments will be made in research and development of plastic additives during the forecast period.

Thus, product growth is expected to remain stable and increasing. In addition, the innovation and ease of use of plastic additives has increased. This is the only reason that basic plastics like polyethylene, polypropylene, PVC or polystyrene can be used in various engineering and even high performance applications.

The following factors are likely to contribute to the growth of the plastic additives market

• Profitability and marketing

• Focus on the development of biobased plastics

• Innovative product applications

• Growing demand for plastics from APAC and other regions

• Replacement of conventional materials with plastic

Highlights

• Various regulations regarding VOCs and toxic elements in plastics have forced sellers and manufacturers to invest in bio-based plastics.

• Due to their reliability, longevity, light weight and cost effectiveness, plastics are increasingly replacing materials such as wood and metal, especially in the construction industry. This will fuel the growth of the market.

• Sectors such as packaging, consumer goods and building and construction will become large consumers of plastic additives. Factors such as fast-paced consumer lifestyles and technological advancements will drive demand for flexible packaging, e-commerce packaging, food and beverage packaging.

The study examines a detailed scenario of the current plastic additives market and its market dynamics for the period 2021-2026. It covers a detailed overview of several factors, restraints and growth trends in the market. The report presents both demand and supply aspects of the market. It profiles and reviews the top companies and other leading companies operating in the market.

Answers to key questions:

1. What is the size of the plastic additives market?

2. Which region has the highest market share in plastic additives?

3. Who are the main players in the global plastic additives industry?

4. What are the different segments covered by the plastic additives market?

5. What are the main growth drivers of the plastic additives industry?

6. What are the applications in the plastic additives market?

Market dynamics

Opportunities and trends

• Profitability and marketing

• Focus on the development of biobased plastics

• Innovative product applications

Growth facilitators

• Growing demand for plastics from APAC and other regions

• Replacement of conventional materials with plastic

• New product developments

Constraints

• Strict regulations on the use of plastic

• Supply chain disruptions

Market segmentation

By type of additive

• Flame retardants

• Thermal stabilizers,

• Impact modifiers and processing aids

• Lubricating and sliding additives

• Antioxidants

• Bulking Agents

• Antistatic agents

• Light stabilizers

• Others

By type of plastic

• Plastic material

• Polyethylene

• Polypropylene

• Polyvinyl chloride

• polystyrene

• Engineering plastic

• Polyamide

• Polycarbonate

• Acrylonitrile Butadiene

• Polyacetal

• Polyoxymethylene

• Polyethylene terephthalate

• High performance plastic

• High Performance Polyamide

• Polyphenylene sulfide

• Liquid crystal polymer

• Polyimides

By application

• Packaging

• Consumer goods

• Construction

• Automotive

• Others

By geography

• APAC

• China

• India

• Japan

• South Korea

• Europe

• Germany

• Italy

• France

• Spain

• UK

• North America

• we

• Canada

• Latin America

• Brazil

• Mexico

• Middle East and Africa

• Saudi Arabia

• United Arab Emirates

• South Africa

Supplier analysis

• The main companies in the plastic additives industry are BASF SE, SONGWON, Clariant AG, Albemarle Corporation and ExxonMobil.

• Songwon is a market leader in plastic additives, and more than 60% of total sales is due to the virtue of polymer additive stabilizers. This market dominance is due to its expertise in providing quality products for various applications.

Key suppliers

• BASF

• SONGWON

• Clariant SA

• Albemarle Company

• ExxonMobil

Other important suppliers

• Dow Chemical Company

• Evonik Industries SA

• Nouryon

• LANXESS SA

• SABIC

• Kaneka Corporation

• ADEKA Company

• PMC Group

• Covestro SA

• Baerlocher Group

• Astra polymers

• ENGRAVED

• Milliken & Company

• Avient Company

• SABO

• Chemical sakai

• Broadview Technologies

• Kemipex

• Ampacet Company

• Valtris Specialty Chemicals

For more information on this report, visit https://www.researchandmarkets.com/r/neobnj