Green Polymer Additive Market: Information by Product Type (Plasticizers, Stabilizers, Lubricants, Flame Retardants, Antioxidants, Antistatic Agents, Antifogging Agents, and Others), End User (Packaging, Injection Molding, Automotive, Biopolymers, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2030
ID: MRFR/CnM/2925-HCR | January 2023 | Region: Global | 140 Pages
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Green Polymer Additive Market Overview
Globally it has been marked that the green polymer additive industry occupies a green polymer additive market value of USD in billion during the year of 2018. The market projects at a CAGR of 6.80% during the market forecast period of 2022-2030.hese nature-based green polymers when added to polymers increase their properties. Their properties include an increase in toughness and a rise in the flexibility of the polymers. It is also used for increasing the recyclability of the polymerization process thus it lessens the use of some of the additives like phthalates. Besides it, the low formulation costs of the green polymer additives drive up the green polymer additive market growth during the forecast period.
COVID 19 ANALYSIS
In the year 2020, the majority of industries suffered a decline due to COVID. Countries spread throughout the globe especially in Asia Pacific regions, European regions, and some of the Middle East and African regions have dealt with a high number of COVID cases. Industrial operations are largely hindered. The demand for raw materials for the manufacture of green polymer additives was destroyed. Moreover, there was a change in the supply chain and consumer behavior. The government imposed certain shutdowns and lockdowns due to which the manufacturing units suffered shutdowns. It will take a few times for the industries to revive and will generate the demand for green polymer very soon.
COMPETITIVE LANDSCAPE
Some of the competitors playing in the market are
- Emery Oleochemicals of Malaysia,
- DuPont de Memoirs of the United States,
- Clariant AG of Switzerland,
- Dow of the United States,
- BASF SE of Germany,
- Solvay of Belgium,
- Evonik Industries AG of Germany,
- PolyOne Corporation of the United States,
- Lanxess of Germany,
- Arkema Inc of France,
- GC Innovation America of the United States,
- AkzoNobel NV of Netherlands and many more.
MARKET DYNAMICS
DriversRise in demand for more of the sustainable products having less VOC content and having carbon neutral green polymer additives, some of the distributors are inclining themselves to bio-based derivatives for substituting with the petroleum derivatives. Green polymers cost less and perform very well which has increased the demand of various end-user industries like the automotive industry, chemical, oil and gas industry, plastics along packaging industry lessens the costs in the manufacturing processes. Globally, the green polymer additive industry brings large opportunities owing to the rise in inclination of the packaging and plastics industry thus leading to the manufacture of sustainable and eco-friendly products. Reducing the dependency on petroleum products raises market demand and thus boosts up the green polymer additive market size in the forecast period.OpportunitiesWidespread change in lifestyle and globalization has led to the rise in green polymer additive market size. Using green polymer for other applications has raised the demand of the market.ChallengesFrom the green polymer additive market trends,it has been marked that the technological constraints and the lack in the availability of raw materials along with the lack of suppliers and manufacturers are the major challenging factors that disrupt the green polymer additive market size.Cumulative GrowthSome of the strict rules and regulations imposed by the government towards restricting the consumption of green polymer additives have raised the demand for polymer additives products in the market.RestraintsSome of the new laws and bans on the manufacturing of certain end products are the restraining factors for growth. Some scientific studies have imposed certain restrictions on some types of green polymer end-products and have hampered the expansion of market size. These regulatory frameworks are limiting too much use of highly flammable substances.
MARKET SEGMENTATION
By typeGlobally the green polymer additive market has been classified based on product type, application, and also based on region. Based on product type, globally the green polymer market has been segmented based on plasticizers, stabilizers, some lubricants, antioxidant agents, anti-fogging agents, flame retardation agents, and many more. The plasticizers division covers the most dominant green polymer additive market share in 2018, owing to the use of additives for manufacturing polyvinyl chloride. As per the growing green polymer additive market trends, it was marked that the end-users have been classified into packaging section, injection molding unit, automotive sector, biopolymers industries, and many more. The packaging unit covers the large unit and the most dominant green polymer additive market share.By technologyTechnology leads to continuous innovation and increases the need for lighter materials where it is used for several purposes. Such invention is driving up the market and is forcing us to replace conventional materials. Technology led to it acquiring some of the advanced properties.
REGIONAL ANALYSIS
Globally, the green polymer additive industry is classified into five regions: areas of the North American region, some of the European region, Asia-Pacific region, some of Latin America along the Middle East, and African areas. It was noted that the North American region covers the major green polymer additive market share in 2018 which thus raises the want of environmentally friendly packaging in the both packaging and [pharma sectors. Moreover, the North American region is more populated due to which the people are much more carrying out research and developmental activities which is raising the capabilities of the end products. The European market holds a significant share globally during the market forecast period and regionally the market has healthy growth during the market forecast period.
RECENT DEVELOPMENTS
December 2021 - 24M Technologies and Volkswagen Group have announced the signing of a strategic partnership agreement to produce next-generation lithium-ion EV batteries with the use of the 24M SemiSolid platform. The target is to develop a semi-solid process, the 24M technology, which is an upgrade over the dry coating process in the automotive battery space. The goal is to produce significant cost optimization in further battery manufacture by decreasing material usage and removing numerous steps from the typical production process.November 2021- Canadian companies GreenMantra Technologies and Nova Chemicals Corp. announced the finishing of the second asphalt paving project based in Ontario, which integrates the equivalent of 700,000 plastic bags in post-consumer recycled plastic materials into a parking lot and two pathways. The asphalt paving project was finished at Nova’s latest polyethylene production plant located on Rokeby Line in St. Clair Township, near Sarnia.November 2021- Covestro and Farsoon announced the plans to introduce extra polymer 3D printing powders as both the firms strengthened their collaboration. Covestro uses Farsoon Laser Sintering Systems in the company’s legacy DSM additive production plants in the Netherlands and Germany particularly to process and print new materials. Emery Oleochemicals in January 2019, built a partnership with Omya Inc. and announced the expansion of the green polymer business. This helped in distributing the polymer additives among its old and new customers.
REPORT OVERVIEW
From the report analysis, you will get information about the market scenario, the rising growth, and development, the period of market forecast. It gives a good analysis of the research work so performed in the complex market. It covers the key players playing in the market and the strategies that they have carried out. The report also symbolizes the upstream and the downstream facilities so adopted by different market players.The report signifies the market scope and the features so put forward that will help in the rise of green polymer additive market value. The report gives ideas about the different patterns and the improvements so imposed for raising the business. The limits and advancement put forward by the companies highlight market growth. It signifies the market scopes and gives an appropriate analysis of the SWOT.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant Value |
| CAGR | 6.80% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019Â &Â 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application and End-Use |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Emery Oleochemicals (Malaysia), DuPont de Nemours, Inc. (US), Clariant AG (Switzerland), Dow (US), BASF SE (Germany), Lanxess (Germany), AkzoNobel NV (Netherlands), Evonik Industries AG (Germany), PolyOne Corporation (US), Solvay (Belgium), GC Innovation America (US), and Arkema Inc. (France) |
| Key Market Opportunities | Low formulation cost of these additives is another factor expected to propel the growth |
| Key Market Drivers | Increase in demand for the more sustainable products with low VOC content and carbon-neutral lifecycles polymers additives |
Frequently Asked Questions (FAQ) :
The Asia Pacific region is expected to be the dominant and fastest-growing region in the global market. This region is in high demand due to the presence of packaging industries, automotive units, electricals, and the electronics industrious, which contributes to raising the market growth as well as the green polymer additive market value.
The main application of the green polymer is that it is used for coating purposes in automobiles, as it lessens the resistivity of the polymeric substance where it gives full control and safety related to the static related issues. Less resistivity also makes the green polymer prominent and makes better aerodynamics to the vehicle which increases the fuel efficiency of the automotive vehicles.
In the areas of Latin America, it was marked that the area experienced sluggish growth in the green polymer additive industry during the forecast period. Some of the regions of the Middle East and African region have a positive effect on the expansion of green polymer additive market size. This region attracts more green polymers because of its growth in building and construction activities along with demand for architectural infrastructure which raises the demand of this region.
The base year of the green polymer additive market is recognized to be 2019. During this period expansion of the green polymer, additive market size took place.
The report summarises the market forecast period, competitive scenario of the market, some of the trending growth factors, and the green polymer additive market trends that increase up the market growth.
Some of them are the green polymer manufacturers, the suppliers, traders and distributors, potential investors present in the market that invest so much money for manufacturing. It also includes the suppliers for raw materials and the people who research well on those raw materials and carry out different developmental activities.
The report covers the regions and gives a good analysis of their developmental status, their voluminous expansion of market size, and the green polymer additive market value that it shares. It gives a good analysis of the key players that give good guidance to the market.
The region of North America occupies a large position and covers major areas contributing to the market growth.
