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Global Functional Additives Market 2017-2021

Global Functional Additives Market 2017-2021

About Functional Additives

Packaging additives are chemical compounds used in packaging to provide manufacturing and processing performance improvements. They enhance the performance, processability, and the external appearance of the packaging. These additives are added to the packaging material during the polymer melt stage. Packaging additives are broadly classified based on their functionalities into two types: Functional additives and barrier coatings. Barrier coatings are commonly used to provide a physical barrier or an effective moisture barrier and smooth base for the packaging substrate.

Technavio’s analysts forecast the global functional additives market to grow at a CAGR of 4.27% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global functional additives market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • North America
  • Europe
  • ROW
Technavio's report, Global Functional Additives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • ALTANA
  • BASF
  • Clariant
  • Solvay
Other prominent vendors
  • ADEKA CORPORATION
  • Addivant
  • DuPont
  • Dynea
  • Milliken Chemical
  • PolyOne
  • SABO
  • SONGWON
  • The Valspar Corporation
Market driver
  • Growing demand from packaging industry
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Growing demand for reverse logistics in packaging
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Functional Additives Market 2017-2021

Technavio recognizes the following companies as the key players in the global functional additives market: Akzo Nobel, ALTANA, BASF, Clariant, and Solvay.

Other Prominent Vendors in the market are: ADEKA CORPORATION, Addivant, DuPont, Dynea, Milliken Chemical, PolyOne, SABO, SONGWON, and The Valspar Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for reverse logistics in packaging. The food and beverages industry is one of the main sources of packaging waste. The packaging for foods is commonly done with plastic wrappers or containers. The non-biodegradable nature of plastics raises sustainability concerns.”

According to the report, one of the major drivers for this market is Growing demand from packaging industry. Packing materials are generally used to contain the product, increase its shelf life, preserve product quality, and for hassle-free transportation and distribution. An ideal packing material should extensively prevent food deterioration. The global packaging market is projected to grow from $897 billion in 2016 and reach $1.121 trillion by 2021, at a CAGR of 4.56%. Packaging is an effective tool for brand awareness and has a positive impact on market growth.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Several chemicals that are used in the manufacturing of functional additives are derived from crude oil. The oil and gas industry is one of the principal suppliers of raw materials such as phenols and aromatic amines. These raw materials are mainly produced from the petroleum fraction downstream products. Fluctuations in the prices of crude oil have a severe effect on the prices of raw materials, which affects the costs of functional additives.

Companies Mentioned

Akzo Nobel, ALTANA, BASF, Clariant, Solvay, ADEKA CORPORATION, Addivant, DuPont, Dynea, Milliken Chemical, PolyOne, SABO, SONGWON, and The Valspar Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Global functional additives market
      • Table Global functional additives market 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Overview: Global functional additives market by type
      • Table Global functional additives market by type 2016
      • Table Global functional additives market by type 2021
    • Global functional additives market by oxygen scavengers
      • Table Global functional additives market by oxygen scavengers 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by oxygen scavengers 2016-2021
    • Global functional additives market by UV stabilizers
      • Table Global functional additives market by UV stabilizers 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by UV stabilizers 2016-2021
    • Global functional additives market by antistatic
      • Table Global functional additives market by antistatic 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by antistatic 2016-2021
    • Global functional additives market by antimicrobial
      • Table Global functional additives market by antimicrobial 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by antimicrobial 2016-2021
    • Global functional additives market by clarifying agents
      • Table Global functional additives market by clarifying agents 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by clarifying agents 2016-2021
    • Global functional additives market by antioxidants
      • Table Global functional additives market by antioxidants 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by antioxidants 2016-2021
    • Global functional additives market by anti-fog
      • Table Global functional additives market by anti-fog 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market by anti-fog 2016-2021
  • Market segmentation by application
    • Overview: Global functional additives market by application
      • Table Global functional additives market by application 2016
      • Table Global functional additives market by application 2021
    • Global functional additives market for food and beverages application
      • Table Global functional additives market for food and beverages application 2016 and2021 ($ millions)
      • Table Market forecast: Global functional additives market for food and beverages application 2016-2021
    • Global functional additives market for pharmaceutical and healthcare application
      • Table Global functional additives market for pharmaceutical and healthcare application2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market for pharmaceutical and healthcare application 2016-2021
    • Global functional additives market for personal care and cosmetics application
      • Table Global functional additives market for personal care and cosmetics application 2016and 2021 ($ millions)
      • Table Market forecast: Global functional additives market for personal care and cosmetics application 2016-2021
    • Global functional additives market for other applications
      • Table Global functional additives market for other applications 2016 and 2021 ($ millions)
      • Table Market forecast: Global functional additives market for other applications 2016-2021
  • Geographical segmentation
    • Overview: Global functional additives market by geography
      • Table Global functional additives market by geography 2016
      • Table Global functional additives market by geography 2021
    • Functional additives market in APAC
      • Table Functional additives market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Functional additives market in APAC 2016-2021
    • Functional additives market in North America
      • Table Functional additives market in North America 2016 and 2021 ($ millions)
      • Table Market forecast: Functional additives market in North America 2016-2021
    • Functional additives market in Europe
      • Table Functional additives market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Functional additives market in Europe 2016-2021
    • Functional additives market in ROW
      • Table Functional additives market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Functional additives market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global packaging market 2016-2021 ($ billions)
      • Table Global aging population forecast 2015-2020 (millions)
    • Market challenges
  • Market trends
    • Growing demand for reverse logistics in packaging
    • Increase in R&D activities
    • Growing demand for bio-based functional additives
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in global functional additives market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016
      • Table Akzo Nobel: Geographical segmentation by revenue 2016
      • Table Akzo Nobel: Product offering 2016
    • ALTANA
      • Table ALTANA: Business segmentation by revenue 2016
      • Table ALTANA: Geographical segmentation by revenue 2016
      • Table ALTANA: Product offering 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Clariant
      • Table Clariant: Business segmentation by revenue 2016
      • Table Clariant: Geographical segmentation by revenue 2016
    • Solvay
      • Table Solvay: Business segmentation by revenue 2016
      • Table Solvay: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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