Plastic Additives Market Research Report – Forecast to 2027

Global Plastic Additives Market Information: By Type (Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Antimicrobials, UV-Stabilizers), End-Use Industry (Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics), Region– Forecast Till 2027

ID: MRFR/CnM/1221-HCR | February 2021 | Region: Global | 138 pages

Market Scenario


Plastic additives are the minor, yet significant chemical, components added to plastic or polymer to alter, modify, and enhance some of its physical and chemical properties. The end-product obtained after addition of plastic additives exhibits a number of advance physical properties such as lower glass transition temperature of plastic, increased density, and reduced weight. Moreover, plastic additives make the plastic cheaper, improve its rheology, and enhance the flame-retardant property. They are selected by types of polymer and the application it is going to be used.  The important types of plastic additives are plasticizers, stabilizers, fillers, flame retardants, antioxidants, antimicrobials, and impact modifiers. The plastic materials get weathered due to the direct or indirect contact with heat and ultraviolet rays for a prolonged period. This requires the development of a value-added product with high durability and desired properties. The plastic additives serve almost all the major end-user industries, wherein the polymer products are extensively produced or used.


Growing consumer awareness regarding food contamination from the container itself and adverse impacts of loose sold food products on health are majorly driving the market growth. The shifting consumer trend from sedentary to a healthier lifestyle, particularly when it comes to eating healthy food, is favoring the growth of the packaging industry. One of the major factors driving the growth of the global plastic additives is the surging use of eco-friendly packaging materials. Globally the packaging market is projected to grow at a robust CAGR to attain value mark of nearly USD 900 billion by the end of 2023, which may fuel the demand for the plastic additives in the coming years. Moreover, changing lifestyle of people mingled with the rapid urbanization of emerging countries is likely to trigger the demand for the product during the forecast period, 2018–2023. This, in turn, is expected to propel the growth of the global plastic additives market. The automotive and packaging industries are estimated to witness strong growth during the assessment period owing to increasing demand for passenger cars from the middle-class population. However, huge manufacturing of these products is likely to hamper the market growth to some extent. Nevertheless, ongoing research in the field of green chemistry and increasing reusability of the plastic material would help the market to surpass this bottleneck.  


Global Plastic Additives Market share, by end-use industry 2017 (%)


 plastic additives market share


Source: MRFR Analysis


Regional analysis


Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America are the major region in the global plastic additives market.


Asia Pacific is dominating the global market on account of the rising population and increasing demand for the product from the packaging industry. India, China, and Japan are the major contributors to the regional market owing to the significant presence of leading end-use industries such as packaging, consumer goods, and building & construction.


North America is estimated to hold the second largest share of the global plastic additives market. The surging growth of the plastic additives in this region is primarily driven by the rising demand for packaging in both household and industrial applications. The U.S is the major contributor to the growth of this market in this region due to the significant presence of major key players and high technological achievements in the polymer sector and green chemistry. Europe is another important region in this market, which tends to occupy a significant share after North America. This is primarily attributed to the increased research and development activities in plastic materials. The U.K, Germany, Belgium, and the Netherlands are the major economies in this region. The Middle East & Africa, and Latin America are holding relatively less share of this market. However, the market may experience high growth during the years to follow.


Segmentation


The global plastic additives market is segmented on the basis of type, end-use industry, and region.


Based on the type, the market is divided into plasticizers, flame retardants, impact modifiers, antioxidants, antimicrobials, UV-stabilizers, and Others.


On the basis of end-user industry, the global plastic additives market is segmented into packaging, automotive, agriculture, building & construction, consumer goods, electrical & electronics, and others.


Geographically, the global plastic additives market is divided into Asia Pacific, North America, Europe, and the Middle East & Africa and Latin America.


Key Players


Some of the prominent players in the global plastic additives market are BASF SE (Germany), SONGWON (South Korea), Clariant AG (Switzerland), Evonik Industries AG (Germany),  PMC Group, Inc. (the U.S), Albemarle Corporation (US) AkzoNobel NV ( the Netherland), Solvay SA (Belgium), L. N. Chemical Industries (India), and Styro Chemical Industries (India)


Intended audience



  • Plastic additives Manufacturers

  • Traders and distributors of plastic additives

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :


The inclination towards safe foods and awareness of loosely sold products are majorly driving the global plastic additives market.

Large scale manufacture of these products can hamper the global plastic additives market.

The APAC region can dominate the global plastic additives market due to demand for packaging.

North America holds the second largest share after APAC in the global plastic additives market.

Styro Chemical Industries, Clariant AG, Solvay SA, BASF SE, AkzoNobel NV, SONGWON, Evonik Industries AG, Albemarle Corporation, PMC Group, Inc., and L. N. Chemical Industries are key players of the global plastic additives market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Plastic Additive Market

5 Industry Overview of Global Plastic Additive Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Plastic Additive Market by Type

7.1 Introduction

7.2 Plasticizers

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Flame Retardants

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Impact Modifiers

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Antioxidants

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Antimicrobials

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 UV-stabilizers

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020-2027

7.8.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Plastic Additive Market by End-Use Industry

8.1 Introduction

8.2 Packaging

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Automotive

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Agriculture

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Building & Construction

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Consumer Goods

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Electrical & Electronics

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

8.8 Others

8.8.1 Market Estimates & Forecast, 2020-2027

8.8.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Plastic Additive Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.8 U.K.

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Type, 2020-2027

9.3.10.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Type, 2020-2027

9.6.7.3 Market Estimates & Forecast by End Use Industry, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 BASF S.E

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 SONGWON

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Clariant AG

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Evonik Industries AG

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 PMC Group, Inc.

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Albemarle Corporation

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Akzonobel NV

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Solvay SA

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 L. N. Chemical Industries

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Styro Chemical Industries

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global Plastic Additive Market: By Region, 2020-2027

Table 3 North America Plastic Additive Market: By Country, 2020-2027

Table 4 Europe Plastic Additive Market: By Country, 2020-2027

Table 5 Asia-Pacific Plastic Additive Market: By Country, 2020-2027

Table 7 Middle East & Africa Plastic Additive Market: By Country, 2020-2027

Table 6 Latin America Plastic Additive Market: By Country, 2020-2027

Table 8 Global Plastic Additive by Types Market: By Regions, 2020-2027

Table 9 North America Plastic Additive by Types Market: By Country, 2020-2027

Table 10 Europe Plastic Additive by Types Market: By Country, 2020-2027

Table11 Asia-Pacific Plastic Additive by Types Market: By Country, 2020-2027

Table13 Middle East & Africa Plastic Additive by Types Market: By Country, 2020-2027

Table12 Latin America Plastic Additive by Types Market: By Country, 2020-2027

Table14 North America Plastic Additive for End Use Industry Market: By Country, 2020-2027

Table13 Europe Plastic Additive for End Use Industry Market: By Country, 2020-2027

Table14 Asia-Pacific Plastic Additive for End Use Industry Market: By Country, 2020-2027

Table16 Middle East & Africa Plastic Additive for End Use Industry Market: By Country, 2020-2027

Table15 Latin America Plastic Additive for End Use Industry Market: By Country, 2020-2027

Table23 Global Types Market: By Region, 2020-2027

Table24 Global End Use Industry Market: By Region, 2020-2027

Table25 North America Plastic Additive Market, By Country

Table26 North America Plastic Additive Market, By Types

Table27 North America Plastic Additive Market, By End Use Industry

Table28 Europe: Plastic Additive Market, By Country

Table29 Europe: Plastic Additive Market, By Types

Table30 Europe: Plastic Additive Market, By End Use Industry

Table31 Asia-Pacific: Plastic Additive Market, By Country

Table32 Asia-Pacific: Plastic Additive Market, By Types

Table33 Asia-Pacific: Plastic Additive Market, By End Use Industry

Table36 Middle East & Africa: Plastic Additive Market, By Country

Table37 Middle East & Africa Plastic Additive Market, By Types

Table33 Middle East & Africa: Plastic Additive Market, By End Use Industry

Table34 Latin America: Plastic Additive Market, By Country

Table35 Latin America Plastic Additive Market, By Types

Table33 Latin America: Plastic Additive Market, By End Use Industry

LIST OF FIGURES

FIGURE 1 Global Plastic Additive Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Plastic Additive Market

FIGURE 4 Value Chain of Global Plastic Additive Market

FIGURE 5 Share of Global Plastic Additive Market in 2020, by country (in %)

FIGURE 6 Global Plastic Additive Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Plastic Additive Market size by Type, 2020

FIGURE 9 Share of Global Plastic Additive Market by Type, 2020-2027

FIGURE 10 Sub segments of End Use Industry

FIGURE 11 Global Plastic Additive Market size by End Use Industry, 2020

FIGURE 12 Share of Global Plastic Additive Market by End Use Industry, 2020-2027