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Global Plastic Additives Market research report offers a panoramic view of the Plastic Additives Market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Plastic Additives Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
The size of the worldwide plastic additives market, which had a revenue CAGR of 5.1% over the projection period, amounted to USD 39.69 billion in 2021. 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.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Plastic Additives market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
The report further divides the Plastic Additives market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Plastic Additives market.
Segments Covered in this report are:
The report also studies the key companies of the Plastic Additives market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Companies profiled in the global Plastic Additives market:
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
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Plastic Additives Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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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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