Plastic Additives Market is expected to generate a revenue of USD 68.05 Billion by 2028, Globally, at 5.88% CAGR: Verified Market Research®
Wide range of industrial application and economic activity in growing Asian and South American nations are likely to boost the global Plastic Additives market during the forecast period.
JERSEY CITY, N.J., Oct. 6, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Plastic Additives Market" By Product Type (Plasticizers, Flame Retardants, Impact Modifiers), By Application (Plasticizers applications, Flame Retardants applications, Impact Modifiers applications), and By Geography.
According to the extensive research done by Verified Market Research experts, the Plastic Additives Market size was valued at USD 43.36 Billion in 2020 and is projected to reach USD 68.05 Billion by 2028, growing at a CAGR of 5.88% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=10632
Browse in-depth TOC on "Plastic Additives Market"
202 - Pages
126 ? Tables
37 ? Figures
Global Plastic Additives Market Overview
Plastics Additives Market refers to the substances added to polymers during the reaction or chemical process. These additives aid in the improvement of polymer properties like strength, gloss, durability, and heat sensitivity. A decline in mineral ore supplies has increased the cost of metal equipment, prompting the use of plastics to replace this metal equipment. The low cost of plastic equipment and metals with similar chemical properties are driving the additives market. Plastic additives are used to enhance the qualities of plastics that are necessary for desired plastic products. Companies involved in the production of additives are mostly focused on specialty chemicals used in construction and vehicle equipment.
Over the projected period, the global plastic additives market is anticipated to be driven by rising industrial output and rising economic activity in emerging economies in Asia and South America. Because flame retardants, plasticizers, and other additives have negative impacts on both human health and the environment, regulatory authorities like the European Commission revised laws like the Restriction of Hazardous Substances to regulate and control them. plastics replacing traditional materials in a variety of uses, rising disposable affluence, and quick urbanization. The rising expense of natural metal ore is shifting the trend away from metal and toward plastic. Plasticizers, in such instances, provide an effective platform for the plastic industry due to their flexible qualities.
Key Developments
Partnerships, Collaborations and Agreements
- On January 2021, Songwon Industrial Co. Ltd signed an exclusive distribution agreement for PVC additives in India with Mumbai-based Makwell Plastisizers Pvt Ltd to expand our product availability and increase our level of service to our customers in India.
Mergers and Acquisitions
- On September 2020, Covestro acquired the resin and functional material business from Koninklije DSM N.V. This transaction includes additives manufacturing, advanced solar coating, and the Niaga innovation project
Product Launches and Product Expansions
- On April 2021, BASF SE launched biomass balanced plasticizers with renewable raw materials saving fossil resources and reducing co2 emission.
Key Players
The major players in the market are Songwon Industrial Co., Ltd., Albemarle Corporation, BASF SE, Clariant AG, The DOW Chemical Company, AkzoNobel NV, Bayer AG, Chemtura Corporation, Evonik Industries AG and Kaneka Corporation.
Verified Market Research has segmented the Global Plastic Additives Market On the basis of Product Type, Application, and Geography.
- Plastic Additives Market, by Product Type
- Plasticizers
- Flame Retardants
- Impact Modifiers
- Antioxidants
- Antimicrobials
- UV Stabilizers
- Others
- Plastic Additives Market, by Application
- Plasticizers applications
- Flame Retardants applications
- Impact Modifiers applications
- Antioxidants applications
- Antimicrobials applications
- UV Stabilizers applications
- Other applications
- Plastic Additives Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
Browse Related Reports:
Packaging Additives Market By Additive Type (Antifog Additives, Antimicrobial Agents, Antistatic Additives), By Packaging Type (Rigid, Flexible), By Application (Food And Beverages, Pharmaceuticals And Healthcare), By Geography, And Forecast
Polyurethane Additives Market By Type (Catalysts, Ethylene Amines, Tertiary Amines), By Application (Foam, Coatings, Elastomers), By End-User (Building And Construction, Bedding And Furniture), By Geography, And Forecast
Performance Additives Market By Product (Plastic Additives, Rubber Additives, Ink Additives, Pigment Additives), By Application (Packaging, Household Goods, Construction, Automotive, Industrial), By Geography, And Forecast
Additive Production Systems Market By Type (Metal, Ceramics), By Application (Aerospace and Defense, Automobile Industry), By Geography, And Forecast
Top 7 Polymerase Chain Reaction Companies and Laboratories propelling biotechnology
Visualize Plastic Additives Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg
News published on and distributed by:
