Plastic additives are substances that are added in plastic to modify some of its properties. Some of the most common ones are plasticizers which are used to lower the glass transition temperature of the polymers. Plastics additives are all chemicals which are used to polymerize, process or to modify end-use properties of plastics. The plastic additives contribute to maintaining the functionality of the plastics or conferring new features. Plastic additives enable safe handling of the plastic during the manufacture of finished products. There are different types of plastic additives such as antimicrobials, antioxidants, impact modifiers, plasticizers and UV stabilizers used to enhance the properties of the plastic products.
The plastic additives market has witnessed a significant growth owing to factors such as increasing usability of plastic additives in a variety of end-user industries which includes automotive, packaging and consumer goods. Moreover, increasing disposable income coupled with rapid urbanization in the Asia-Pacific region is further anticipated to boost the demand for plastic additives over the forecast period. Rising demand from the agriculture and pharmaceutical sector provides a growth opportunity for the key players. However, stringent government regulation and the ban on the use of plastic in some regions concerning recycling of non-degradable plastics waste may act as restraining factors for the plastic additives market. The significant shift of the consumers toward bio-based materials for environmental protection is one of the major trends to be followed by the market over the forecast period.
The “Global Plastic Additives Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plastic additives market with detailed market segmentation by type, plastic type, application, and geography. The global plastic additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plastic additives market players and offers key trends and opportunities in the market.
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The global plastic additives market is segmented on the basis of type, plastic type, and application. On the basis of type, the plastic additives market is segmented into stabilizers, flame retardants, impact modifiers, plasticizers and other. The plastic additives market on the basis of the plastic type is classified into polyethylene (PE), polystyrene (PS), polypropylene (PP), polyamides (PA), polyethylene terephthalate (PET), polyvinyl chloride (PVC), polycarbonate (PC) and others. On the basis of application, the plastic additives market is bifurcated into packaging, consumer goods, construction, automotive and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global plastic additives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plastic additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the plastic additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plastic additives market in these regions.
Impacts of Covid-19 on the Market
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘plastic additives market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.
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The reports cover key developments in the plastic additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from plastic additives market are anticipated to lucrative growth opportunities in the future with the rising demand for plastic additives in the global market. Below mentioned is the list of few companies engaged in the plastic additives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plastic additives market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V.
- Albemarle Corporation
- Baerlocher GmbH
- BASF SE
- Bayer AG
- Emerald Performance Materials
- Exxon Mobil Corporation
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