The global plastic additives market size reached USD 39.69 Billion in 2021 and register a revenue CAGR of 5.1% over the forecast period, according to the latest analysis by Emergen Research. In a number of emerging nations, rapid urbanisation has caused the building and construction sector to expand quickly. This is projected to continue to fuel demand for plastic additives. The performance and durability of polymers are improved by plastic additives in a range of architectural applications. In order to enhance the performance of the coating layer, additives are employed in paints and coatings. Additionally, increased demand for flame retardant additives, which are mostly used in building interiors, is anticipated to fuel market revenue growth in the coming years.
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Sales of electric vehicles (EVs) have increased dramatically as a result of the automotive industry’s rapid expansion and rising consumer demand for EVs. About 300,000 EVs were sold in 2020, accounting for 2% of the nation’s new car market, which is projected to grow quickly. Polyamides, polyurethane, polypropylene, and PVC make up the majority of the four polymers that make up the more than 70% of the plastics used in automobiles. Another material used to survive the intense heat produced by EV power packs is engineering thermoplastic. Additionally, when constructing automobile components, polymers like Polyether Ether Ketone (PEEK) and Polytetrafluoroethylene (PTFE) can be utilised in place of metals due to their heat resistance.
The latest market intelligence report, titled ‘Global Plastic Additives Market’, is intended to provide the target audience with the necessary information about the global Plastic Additives Market industry. The report comprises a detailed analysis of the vital elements of the Plastic Additives Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Plastic Additives Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.
The report also discusses the key players involved in the market such as BASF SE, Clariant AG, The Dow Chemical Company, Albemarle Corporation, Songwon Industrial Co., Ltd., ExxonMobil Chemical, DuPont de Nemours, Inc., Nouryon, Lanxess AG, Evonik Industries AG, and Kaneka Corporation and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Plastic Additives Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
Emergen Research has segmented the global plastic additives market on the basis of type, plastic type, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Plastic Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Polyphenylene Ethers (PPE)
High-Performance Plastics (HPA)
Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Plastic Additives market?
What are the key product types and applications of the Plastic Additives industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Plastic Additives market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Plastic Additives Market by 2030?
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