Plastic Additives Market Top Players, Size, Business Scenario, Share, Insights, Forecast 2030

Rapid urbanization has led to a significant boom in the building and construction industry and this is a key factor driving revenue growth of the global plastic additives market

The Plastic Additives Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Plastic Additives market. The report offers in-depth research and assessment of the key elements of the global Plastic Additives market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Plastic Additives market.

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. 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.

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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.

Companies profiled in the global Plastic Additives market:

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

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Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

    • Plasticizers
    • Stabilizers
      1. UV Stabilizers
      2. Antioxidants
    • Flame Retardant
    • Blowing Agents
    • Nucleating Agents
    • Others
  • Plastic Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

    • Commodity Plastics
      1. Polyethylene (PE)
      2. Polypropylene (PP)
      3. Polystyrene (PS)
      4. Polyphenylene Ethers (PPE)
    • Engineering Plastics
    • High-Performance Plastics (HPA)
  • Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

    • Packaging
    • Consumer Goods
    • Construction
    • Automotive
    • Others

Regional Analysis Covers:

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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The all-inclusive report on the Global Plastic Additives Market added by Emergen Research demonstrates that the global Plastic Additives market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Plastic Additives market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.

Key Benefits of Buying the Global Plastic Additives Report:

Comprehensive analysis of the changing competitive landscape

Assists in decision making processes for the businesses along with detailed strategic planning methodologies

The report offers an 8-year forecast and assessment of the Global Plastic Additives Market

Helps in understanding the key product segments and their estimated growth rate

In-depth analysis of market drivers, restraints, trends, and opportunities

Comprehensive regional analysis of the Global Plastic Additives Market

Extensive profiling of the key stakeholders of the business sphere

Detailed analysis of the factors influencing the growth of the Global Plastic Additives Market

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