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Plastic Additives Market Trends

  • Report ID: 4662
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Global Plastic Additives Market TOC

 

  1. An Outline of the Plastic Additives Market
    1. Market Definition
    2. Market Segmentation
  2.  Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
  7. Major Roadblocks for the Market Growth
  8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled Out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  9. Government Regulation
  10. Industry Risk Analysis
  11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Plastic Additives Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  12. Regional Analysis on Plastic Additives Market
  13. Industry Growth Outlook
  14. Industry Supply Chain Analysis
  15. Key Players Production Capacity & Supply Analysis
  16. Recent Developments in Plastic Additives Market
  17. Application Analysis
  18. Porter Five Forces Analysis
  19. Analysis on Market Trends of Plastic Additives Based on Products
  20. Competitive Positioning: Strategies to Differentiate a Company From its Competitor
  21. Comprehensive Model: A Detailed Inside View for Investors
    1. Company Market share 2022
    2. Business Profile of Key Enterprise
      1. Arkema
        1. Business Overview
        2. Key Business Strategies for the Growth of Revenue
        3. Financial Performance and Revenue Representation
        4. Major Products Offered
        5. Mergers and Acquisitions
        6. Latest Trends
        7. Regional and Worldwide Presence
      2. The Dow Chemical Company
      3. Struktol Company of America, LLC
      4. LANXESS
      5. SONGWON
      6. Kaneka Corporation
      7. Solvay
      8. Clariant AG
      9. BASF SE
      10. Daikin Industries, Ltd.
      11. LG Chem
      12. Evonik Industries AG
      13. Other major players
  22. Global Plastic Additives Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Global Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
        1. Plasticizers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        2. Flame Retardants, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        3. Impact Modifiers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        4. Heat Resistant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        5. Compatibilizer, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        6. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          1. Antioxidant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. Dispersing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. Processing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. Chain Extender, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          5. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
      2. By Plastic Type
        1. Commodity, Market Value (USD Million), and CAGR, 2023-2036F
        2. Engineering, Market Value (USD Million), and CAGR, 2023-2036F
        3. High-Performance, Market Value (USD Million), and CAGR, 2023-2036F
      3. By Application
        1. Packaging, Market Value (USD Million), and CAGR, 2023-2036F
        2. Automotive, Market Value (USD Million), and CAGR, 2023-2036F
        3. Agriculture, Market Value (USD Million), and CAGR, 2023-2036F
        4. Building & Construction, Market Value (USD Million), and CAGR, 2023-2036F
        5. Consumer Goods, Market Value (USD Million), and CAGR, 2023-2036F
        6. Electronics, Market Value (USD Million), and CAGR, 2023-2036F
      4. By Geography
        1. North America, Market Value (USD million), and CAGR, 2023-2036F
        2. Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        3. Asia Pacific, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        4. Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        5. Middle East and Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
  23.  Cross Analysis of Type w.r.t. Application (USD Million), 2023
  24.  North America Plastic Additives Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. North America Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
        1. Plasticizers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        2. Flame Retardants, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        3. Impact Modifiers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        4. Heat Resistant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        5. Compatibilizer, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
        6. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          1. Antioxidant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. Dispersing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. Processing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. Chain Extender, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          5. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
      2. By Plastic Type
        1. Commodity, Market Value (USD Million), and CAGR, 2023-2036F
        2. Engineering, Market Value (USD Million), and CAGR, 2023-2036F
        3. High-Performance, Market Value (USD Million), and CAGR, 2023-2036F
      3. By Application
        1. Packaging, Market Value (USD Million), and CAGR, 2023-2036F
        2. Automotive, Market Value (USD Million), and CAGR, 2023-2036F
        3. Agriculture, Market Value (USD Million), and CAGR, 2023-2036F
        4. Building & Construction, Market Value (USD Million), and CAGR, 2023-2036F
        5. Consumer Goods, Market Value (USD Million), and CAGR, 2023-2036F
        6. Electronics, Market Value (USD Million), and CAGR, 2023-2036F
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. US, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. Canada, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
  25. Europe Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Europe Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. Germany, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. UK, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. Italy, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. France, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          5. Spain, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          6. Netherlands, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          7. Russia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          8. Rest of Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
  26.  Asia Pacific Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. China, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. India, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. Japan, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. South Korea, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          5. Australia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          6. Singapore, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          7. Rest of Asia Pacific, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
  27. Latin America Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Latin America Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. Brazil, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. Mexico, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. Argentina, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. Rest of Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
  28. Middle East and Africa Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2023 to 2036
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa Plastic Additives Market Segmentation Analysis (2023-2036)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. GCC, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          2. Israel, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          3. South Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F
          4. Rest of Middle East and Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2023-2036F

 

Plastic Additives Market Trends

Growth Drivers

  • Rapid Urbanization and Significant Demand from the Building & Construction Industry - The demand for plastic additives in the building and construction industry is increasing due to rapid urbanization. The construction industry has been significantly impacted by urbanization, and this impact is projected to continue in the future. According to the World Bank, more than half of the world's population currently resides in cities. The global urban population will almost double to six billion individuals by the year 2045.  Plastic additives play an important role in boosting polymer durability and efficacy across an extensive spectrum of applications as the building and construction industry grows.
  • High Demand for Plastic Products - Plastic additives have the potential to boost the performance, durability, and aesthetic appeal of plastic materials. Increasing demand for plastic products across various industries such as packaging, automotive, construction, and electronics is expected to drive market growth over the years.  Moreover, the rising use of bio-based plastic additives in plastic products to deal with the rising plastic waste issues which impact the environment will fuel the global market growth over the years. As per the European Bioplastics (EUBP), the global bioplastic production capacity in 2022 was 2.22 million tons.
  • Growing Usage of Plastic Additives in The Packaging Industry - Plastic is the material most frequently employed by the packaging industry currently, and its versatility allows it to satisfy a variety of requirements. Additives, also for packaging, whether for polyolefin resin or PET (the most extensively used plastic within packaging), are employed to enhance manufacturing and processing performance and to impart a variety of improved characteristics to materials. Furthermore, manufacturers are switching to additives that enable recycling in packaging as well as additives and masterbatches which are near-infrared detectable as a result of heightened awareness of the circular economy and its implications.

Challenges

  • Toxicity and Environmental Side Effects of Plastic Additives – Plastic additives can have a significant impact on the health of human beings, marine species, and the environment. Plastic additives have been linked to cancer, immune system damage, reproduction issues, and developmental delays. Bisphenols, phthalates, are perfluorinated compounds, and flame-retardant substances, and nonylphenols are toxic additives found in toys, textiles, furniture, packaging for food, and electronics, hindering growth in the market.
  • Fluctuations in Raw Material Price
  • Stringent Government Regulation Governing Plastic Industry

Plastic Additives Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 40 Billion

Forecast Year Market Size (2033)

~ USD 70 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year

2024

Forecast Year

2025-2037

CAGR

5.9%

Base Year Market Size (2024)

USD 30.92 billion

Forecast Year Market Size (2037)

USD 64.86 billion

Regional Scope

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Singapore, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 4662
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of plastic additives is evaluated at USD 32.38 billion.

The 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. Growing demand for plastic additives in the building and construction industry across the globe will drive the market growth.

Asia Pacific industry is poised to dominate 58% revenue share by 2037, backed by growing investment for infrastructure development in the region.

The major players in the market include Arkema, The Dow Chemical Company, Struktol Company of America, LLC, LANXESS, SONGWON, Kaneka Corporation, Solvay, Clariant AG, BASF SE, Daikin Industries, Ltd., LG Chem, Evonik Industries AG.
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