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  • Performance Additives Market Growth Analysis | 2023-2028

    Performance Additives Market Growth Analysis | 2023-2028

    Performance Additives Market Growth Analysis | 2023-2028
    Report code - SR2664 Delivery - 2 Weeks
    Performance Additives Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-2 See more...

    Market Insights

    The performance additives market was estimated at USD 111.32 billion in 2022 and is likely to grow at a CAGR of 7.8% during 2023-2028 to reach USD 174.70 billion in 2028.

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    What are performance additives?

    Performance additives are substances that are added to materials to improve their properties. They are used in a wide range of applications, including plastics, rubber, paints, coatings, and lubricants.

    Performance Additives Market Report Highlights

    Market Size in 2022

    USD 111.32 billion

    Market Size in 2028

    USD 174.70 billion

    Market Growth (2023-2028)

    7.8% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The growth of the market is being driven by several factors, including the increasing demand for plastics, the growth of the automotive industry, and the need for improved fuel efficiency. There are a wide variety of performance additives available, each with its own unique set of properties. Performance additives are an important part of many materials, and they play a vital role in improving their performance. The growth of the performance additives market is expected to continue in the coming years as the demand for these additives continues to grow. The increasing demand for performance additives in the automotive industry is also expected to drive the growth of the market.

    Performance-Additives-Market-Dynamics

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    Segment Analysis

    By Type

    The performance additives market is segmented into Plastic Additives, Paint & Coating Additives, Pigment Additives, and Ink Additives. The most dominant performance additive is plastic additives, accounting for over 50% of the market. followed by paint & coating additives. The fastest-growing performance additives are pigment additives. Plastic additives are used to improve the properties of plastics, such as their strength, durability, and resistance to heat and chemicals.

    By End-Use Industry Type

    The market is segmented into Packaging, Household Goods, Automotive, Industrial, and Construction. Packaging is the most dominant end-use industry for performance additives, accounting for over 40% of the market. Performance additives are used in packaging to improve the properties of plastics, such as their strength, durability, and resistance to chemicals. They are also used to improve the barrier properties of plastics, which help protect food and other products from spoilage.

    Regional Insights

    Asia Pacific is the most dominant region for performance additives, accounting for over 40% of the market. The growth of the performance additives market in the Asia Pacific is being driven by the growth of the automotive, construction, and packaging industries in the region. North America is the second-most dominant region for performance additives, accounting for about 30% of the market. The growth of the performance additives market in North America is being driven by the growth of the automotive, industrial, and packaging industries in the region.

    Performance-Additives-Market-Regional-Insights

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    Market Segmentation

    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 performance additives market is segmented into the following categories.

    By Type

    • Plastic Additives
    • Paint & Coatings Additives
    • Pigment Additives
    • Ink Additives

    By End-Use Industry

    • Packaging
    • Household Goods
    • Automotive
    • Industrial
    • Construction

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Performance-Additives-Market-Segmentation

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    Key Players

    The following are the key players in the performance additives market:

    • BASF
    • Honeywell International, Inc.
    • Dow
    • AkzoNobel NV
    • Evonik Industries AG
    • Clariant
    • Altana AG
    • Huntsman International LLC

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s performance additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Performance Additives Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 three players)
    • SWOT analysis of key players (up to three players)

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    Performance additives are substances that are added to materials to improve their properties. They are used in a wide range of applications, including plastics, rubber, paints, coatings, and lubricants.

    The performance additives market was estimated at USD 111.32 billion in 2022.

    The performance additives market is likely to reach USD 174.7 billion in 2028.

    The performance additives market is estimated to grow at a CAGR of 7.8% by 2028, driven by the increasing demand for performance additives in various end-use industries, such as plastics, coatings, adhesives, and construction.

    BASF, Honeywell International Inc., Dow, AkzoNobel NV, Evonik Industries AG, Clariant, Altana AG, and Huntsman International LLC. are the leading players in the market.

    Asia Pacific is estimated to remain dominant in the market in the foreseeable future. The key economies driving the regions demand for automotive seals are China, India, and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for performance additives in the foreseeable future.

    The growth of the market is being driven by several factors, including the increasing demand for plastics, the growth of the automotive industry, and the need for improved fuel efficiency. There are a wide variety of performance additives available, each with its own unique set of properties. Performance additives are an important part of many materials, and they play a vital role in improving their performance. The growth of the performance additives market is expected to continue in the coming years as the demand for these additives continues to grow. The increasing demand for performance additives in the automotive industry is also expected to drive the growth of the market.

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