Plastic Additives Market Report

Impact of COVID-19 on Plastic Additives Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Impact of COVID-19 on Plastic Additives Market

Covid-19 has impacted the market dynamics, competition, and global...

See more...

Impact of COVID-19 on Plastic Additives Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Plastic Additives Market Insights

Plastic additives market is likely to grow at a healthy CAGR of 5.0% during the forecast period. The growth in demand for plastic additives is due to the replacement of conventional materials by plastics in various applications and their capability to increase the performance of polymers.

Market Share Analysis

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Plastic Additives Market Share: By Product Type

Based on the product type, the market is segmented as plasticizers, stabilizers, flame retardants, impact modifiers, and others. The plasticizers segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment can be attributed to plasticizers being economical as compared to other additives. They are generally mixed with polymers or PVC to impart unique technological and physical properties for usage in various applications, such as floor & wall coverings, coating fabrics, and cable jacketing.

Plastic Additives Market Share: By Plastic Type

Based on the plastic type, the market is segmented as commodity, engineering, and high-performance plastics. The commodity plastics segment is expected to remain dominant during the forecast period. Polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polymethyl methacrylate (PMMA), polyphenylene ethers (PPE), and others are the materials used to render specific resin properties to process polymers. Polyethylene (PE) is majorly used in a number of applications, such as general plastic films, packaging bags, medical packaging, green house & tunnel films, pipes, and mulch films.

Plastic Additives Market Share: By Application Type

Based on the application type, the plastic additives market is segmented as packaging, construction, consumer goods, automotive, and others. The packaging segment leads the market owing to change in living standards and globalization, which are accelerating the demand for plastic additives. Some other common applications are electronics, kitchenware, toys, storage containers, cables and pipes, which are contributing to the growth of the segment.

Plastic Additives Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for plastic additives during the forecast period, with China, Japan, and India being the major countries of the region. The increasing usage of polymers in the developing economies is driving the market for plastic additives in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Some of the major plastic additive manufacturers are-

• Akzonobel NV
• Albemarle Corporation
• Bayer AG
• BASF SE
• Clariant AG
• Evonik Industries AG
• Kaneka Corporation
• Lanxess AG
• Songwon Industrial Co., Ltd.
• The DOW Chemical Company.

Market Scope & Segmentation

Plastic additives are the materials that are added to increase the performance and other characteristics such as shine, durability, and strength. There are different types of additives such as plasticizers, stabilizers, flame retardants, impact modifiers, and others. These additives are added to provide better performance and fulfill certain product requirements.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The plastic additives market is segmented into the following categories. 

Plastic Additives Market Size, Share, & Forecast, by Product Type:

• Plasticizers
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Phthalates and Non-Phthalates)
• Stabilizers
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Antioxidants, Heat Stabilizers, and Light Stabilizers)
• Flame Retardants
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Brominated, Phosphorus, Aluminum Trihydroxide (ATH), Nitrogen, and Other Flame Retardants)
• Impact Modifiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Product Type Analysis: Anti-Microbial, Antistatic Agents, Blowing Agent, Fillers, and Nucleating Agents)

Plastic Additives Market Size, Share, & Forecast, by Plastic Type:

• Commodity Plastics
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Plastic Type Analysis: Polyethylene (PE), Polystyrene (PS), and Polyphenylene Ethers (PPE))
• Engineering Plastics
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Plastic Type Analysis: Polyamides (PA), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), and Polycarbonate (PC))
• High Performance Plastics
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Plastic Type Analysis: Polyether Ether Ketone (PEEK), Polyimide (PI), and Polytetrafluoroethylene (PTFE))

Plastic Additives Market Size, Share, & Forecast, by Application Type:

• Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Plastic Additives Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the plastic types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].