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Plastic Additives Market Report and Forecast 2024-2032

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    Report

  • 190 Pages
  • May 2024
  • Region: Global
  • Expert Market Research
  • ID: 5973904
According to the report, the global plastic additives market reached a value of USD 42.50 billion in 2023. Aided by the rising demand from various sectors including packaging, the market is projected to further grow at a CAGR of 4% between 2024 and 2032 to reach a value of USD 61.3 billion by 2032.

Plastic additives are chemicals or substances added to polymers to improve product functionality, performance, or processing characteristics. They include stabilisers, plasticisers, flame retardants, impact modifiers, and others. The growing demand for high-performance materials across various industries, coupled with advancements in plastic technologies, drives the plastic additives market demand forward.

Several factors contribute to the growth of the plastic additives market. The increasing demand for lightweight and high-performance plastics in the automotive industry, aiming to improve fuel efficiency and reduce emissions, is a significant driver. Similarly, the construction sector's expansion, with its reliance on durable and weather-resistant plastics, underscores the importance of additives in enhancing material properties.

The packaging industry, particularly for food and beverages, has seen an uptick in the use of plastic additives to extend shelf life, improve product safety, and enhance aesthetic appeal. Additionally, stringent regulations regarding safety and environmental impact have led to the development of eco-friendly and sustainable additives, opening new avenues for the plastic additives market growth.

Innovation and research in plastic additive technologies have facilitated the production of smarter and more adaptable plastic materials, meeting the specific needs of various end-use industries. These advancements are pivotal in propelling the market growth, as they enable the development of plastics that are more efficient, sustainable, and suitable for a wide range of applications.

Looking ahead, the plastic additives market demand is set to continue its growth trajectory, driven by the demand for advanced and sustainable plastic materials across various industries. The development and adoption of eco-friendly additives will likely play a central role in shaping the future of the market, as environmental concerns and regulatory pressures mount.

As the industry moves towards sustainability, the integration of innovative plastic additive technologies will be key in developing new materials that offer improved performance, safety, and environmental compatibility. The market's growth will be supported by the ongoing efforts of manufacturers to balance performance requirements with environmental responsibilities.

Market Segmentation

The market can be divided based on type, plastic type, function, application, and region.

Market Breakup by Type

  • Plasticisers
  • Flame Retardants
  • Impact Modifiers
  • Lubricants
  • Antioxidants
  • Antimicrobials
  • UV Stabilisers
  • Others

Market Breakup by Plastic Type

  • Commodity Plastic
  • Engineering Plastic
  • High-Performance Plastics

Market Breakup by Function

  • Property Stabilisers
  • Property Extenders
  • Processing Aids

Market Breakup by Application

  • Packaging
  • Automotive
  • Agriculture
  • Building and Construction
  • Consumer Goods
  • Electrical and Electronics
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global plastic additives market. Some of the major players explored in the report are as follows:
  • Dow Chemical Company
  • BASF SE
  • Exxon Mobil Corporation
  • Nouryon Chemicals Holding B.V.
  • Lanxess AG
  • Clariant Ltd.
  • Adeka Corporation
  • SONGWON Industrial Group
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plastic Additives Market Analysis
8.1 Key Industry Highlights
8.2 Global Plastic Additives Historical Market (2018-2023)
8.3 Global Plastic Additives Market Forecast (2024-2032)
8.4 Global Plastic Additives Market by Type
8.4.1 Plasticisers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flame Retardants
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Impact Modifiers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Lubricants
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Antioxidants
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Antimicrobials
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 UV Stabilisers
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Plastic Additives Market by Plastic Type
8.5.1 Commodity Plastic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Engineering Plastic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 High-Performance Plastics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Plastic Additives Market by Function
8.6.1 Property Stabilisers
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Property Extenders
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Processing Aids
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Plastic Additives Market by Application
8.7.1 Packaging
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Automotive
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Agriculture
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2018-2023)
8.7.4 Building and Construction
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Consumer Goods
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Electrical and Electronics
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Plastic Additives Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Plastic Additives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Plastic Additives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Plastic Additives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Plastic Additives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Plastic Additives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dow Chemical Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BASF SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Exxon Mobil Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nouryon Chemicals Holding B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lanxess AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Clariant Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Adeka Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SONGWON Industrial Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plastic Additives Market: Key Industry Highlights, 2018 and 2032
2. Global Plastic Additives Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Plastic Additives Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Plastic Additives Historical Market: Breakup by Plastic Type (USD Billion), 2018-2023
5. Global Plastic Additives Market Forecast: Breakup by Plastic Type (USD Billion), 2024-2032
6. Global Plastic Additives Historical Market: Breakup by Function (USD Billion), 2018-2023
7. Global Plastic Additives Market Forecast: Breakup by Function (USD Billion), 2024-2032
8. Global Plastic Additives Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Plastic Additives Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Plastic Additives Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Plastic Additives Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Plastic Additives Market Structure

Companies Mentioned

  • Dow Chemical Company
  • BASF SE
  • Exxon Mobil Corporation
  • Nouryon Chemicals Holding B.V.
  • Lanxess AG
  • Clariant Ltd.
  • Adeka Corporation
  • SONGWON Industrial Group

Methodology

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Table Information