Global Plastic Additives Market, 2024-2030

All consumer goods, most of the product are made from plastics, these are made from the essential polymer mixed with a complex blend of materials known collectively as additives. Plastic additives are the components added to plastic/polymer to modify, and enhance its physical, chemical properties such as their strength, durability, and heat sensitivity. Without additives, plastics would not work, but with them they can be made safer, cleaner, tougher and more colorful.

There are wide range of additive’s which are playing key role making useful plastics including, anti-counterfeiting, antimicrobials / biostabilisers, antioxidants, antistatic agents, biodegradable plasticisers, blowing agents, fillers, heat stabilisers, impact modifiers, etc.

Plastic additives have found widespread applications in construction, packaging, automotive, consumer goods, and other applications such as pharmaceutical, furniture, sports, and agriculture.

The global plastic additives research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global plastic additives market is growing at a fast pace and increasing its geographical footprint rapidly. The global plastic additives market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to expansion of plastics end user industry such as packing construction, automotive and consumers’ goods. The major growth driver for plastic additives market are the properties promises such as durability, low cost, resistance to corrosion, and low thermal conductivity and also huge consumption of automotive and packing industry.

Regulatory bodies such as the European Commission (EU) amended acts such as the Restriction of Hazardous Substances (RoHS) to regulate and control plasticizers, flame retardants, and other additives owing to adverse effects on human health and environment are the major impediments to the expansion of global plastic additives market.

Plastic additives enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of plastic additives market globally. The companies that lead global market are BASF SE, The Dow Chemical Company, Clariant AG, Bayer AG , Lanxess AG, Evonik Industries AG , Kaneka Corporation, SABIC, DuPont, ExxonMobil Chemical, and Mitsui Chemical

Research Methodology

The research process includes the market segmentation of the global plastic additives market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global plastic additives market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global plastic additives industry dynamics
• Estimation of the present global plastic additives market size in terms of value and volume
• Global plastic additives market breakup based on type and application
• Verified global plastic additives market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global plastic additives industry value chain.