Report Ocean recently released a research report on the Plastic Additives Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global plastic additives market revenue was around US$ 50.9 billion in 2021 and is estimated to reach US$ 84.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2022 to 2031.
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Plastic additives are substances that are used to process, polymerize, or aid achieve desired properties in the final usage of plastics. A few advantages include increased chemical, water, and scratch resistance, decreased coefficient of friction, enhanced gloss, suppression of shark skin, improved water repellency, and decreased surface roughness. Additionally, it is utilized to increase the flowability of polymers, which facilitates processing.
Factors Influencing Market Growth
Plastic additives are better at preventing microbiological deterioration of plastic materials that are prone to odor, staining, aesthetic loss, and discoloration. Due to these benefits properties are responsible for boosting the market growth.
The usage of automation in the injection molding process, the rising utilization of lightweight materials, and rising packaging innovation drive market growth.
Plastic additives help increase the lifespan of construction projects that use UV-sensitive materials. Growing building markets across the world are anticipated to fuel market expansion.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a slightly negative impact on the market. Due to the government enacting a lockdown many production industries halted. However, it is projected that the rise in demand for PPE kits made of medical-grade plastic to compact the spread of COVID-19 provides a chance for the market to regain its prior momentum.
Regional Insights
Asia Pacific dominated the market due to the availability of labor and inexpensive raw materials. China is one of the attractive plastic additives markets and top producers of plastic materials.
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Leading Competitors
The leading competitors in the global plastic additives market are:
BASF
ExxonMobil Corporation
Clariant Ltd
Kaneka Corp
LANXESS AG
Albemarle Corporation
Dow Plastic Additives
Evonik Industries AG
Nouryon
SONGWON Industrial Co. Ltd
Others
Segmentation Analysis
The global plastic additives market segmentation focuses on Type, Plastic Type, Application, and Region.
Segmentation based on Type
Plasticizers
Flame Retardants
Impact Modifiers
Lubricants
Antioxidants
Antimicrobials
UV Stabilizers
Others
Plasticizers
Flame Retardants
Impact Modifiers
Lubricants
Antioxidants
Antimicrobials
UV Stabilizers
Others
Segmentation based on Plastic Type
Commodity Plastic
Engineering Plastic
High-Performance Plastics
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Segmentation based on Application
Packaging
Automotive
Agriculture
Building and Construction
Consumer Goods
Electrical and Electronics
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Plastic Additives Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Plastic Additives market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Plastic Additives Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Plastic Additives market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Plastic Additives market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Plastic Additives market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Plastic Additives market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Plastic Additives business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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