Global Plastic Additives Market TOC
Plastic Additives Market size was over USD 30.92 billion in 2024 and is anticipated to exceed USD 64.86 billion by the end of 2037, witnessing over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of plastic additives is evaluated at USD 32.38 billion.
Significant factor includes research and development activities in the field of plastic additives, increasing use of plastic additives in the healthcare sector, and growing demand for additives in making lightweight and durable vehicle components.
In addition, the expansion of the market is being fueled by the increasing initiatives towards plastic waste transformation into plastic additives among the market's key players. For instance, Evonik launched a wide variety of additives under the trade name TEGO Cycle to assist its clients in streamlining processes and raising the final quality of recycled plastics. The TEGO Cycle array of additives, which is intended to reduce energy consumption during mechanical recycling and improve polymer quality, enables the transformation of the plastics value chain into a value cycle.
Author Credits: Rajrani Baghel
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