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. Rapid urbanization has resulted in rapid growth of the building and construction industry in a number of developing countries, which is expected to continue to drive demand for plastic additives. Plastic additives enhance the performance and durability of polymers in a variety of building applications. Additives are used in paints and coatings to improve the performance of the coating film. In addition, rising demand for flame retardant additives used mostly in the interiors of buildings is further expected to drive revenue growth of the market going ahead.
Rapid growth of the automotive industry and increasing demand for Electric Vehicles (EVs) had led to surge in sales of EVs. In 2020, about 300,000 EVs were sold, which accounted for around 2% of the U.S. new automobile market, which is expected to increase at a rapid rate.
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Over 70% of the plastics used in automobiles comes mainly from four polymers, which are polyamides, polyurethane, polypropylene, and PVC. Engineering thermoplastics are also used to withstand the high heat generated by EV power packs. Furthermore, polymers such as Polyether Ether Ketone (PEEK), and Polytetrafluoroethylene (PTFE) has demonstrated heat resistance and can be used as a replacement for metals while designing automotive components.
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.
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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)
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Some major companies in the global market report include 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.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Plastic Additives market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Plastic Additives market size
2.2 Latest Plastic Additives market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Plastic Additives market key players
3.2 Global Plastic Additives size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Plastic Additives market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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