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Plastic Additives Market Report
The Plastic Additives Market is Segmented by Product Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers, and Others), by Plastic Type (Commodity Plastics, Engineering Plastics, and High-Performance Plastics), by Application Type ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.
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.
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Plastic Additives Market - Snapshot |
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Growth |
5.0% for the next five years |
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Major Product Type |
Plasticizers |
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Major Plastic Type |
Commodity |
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Dominant Application Type |
Packaging |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Akzonobel NV, Albemarle Corporation, Bayer AG, BASF SE, Clariant AG, Evonik Industries AG, Kaneka Corporation, Lanxess AG, Songwon Industrial Co., Ltd., and The DOW Chemical Company. |
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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.
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.
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.
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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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.
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Plastic Additives Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The plastic additives market is segmented into the following categories.
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Some of the major plastic additive manufacturers are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The plastic additives market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.
Akzonobel NV, Albemarle Corporation, Bayer AG, BASF SE, Clariant AG, Evonik Industries AG, Kaneka Corporation, Lanxess AG, Songwon Industrial Co., Ltd., and The DOW Chemical Company are among the key players in the plastic additives market.
Asia-pacific is expected to be the largest plastic additives market during the next five years.
The plasticizers segment is expected to remain dominant in the plastic additives market in the coming years.
The commodity plastics segment is expected to remain dominant in the plastic additives market during the next five years.
The packaging segment leads the plastic additives market.
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