The global plastic additives market revenue was US$ 50.6 billion in 2021 and is likely to reach US$ 83.8 billion by 2031, growing at a CAGR of 5.3% during the forecast period from 2022 to 2031.
Plastic additives are used to alter, treat, or polymerize the properties of polymers. In order to increase these products' strength, heat sensitivity, and durability, polymers are added. They are frequently utilized in a variety of industrial applications as stabilizers, processing aids, modifiers, flame retardants, and plasticizers, among other function kinds. Due to properties like increased plasticity, decreased brittleness, higher elongation, and improved coupling, plastic additives are commonly used in the construction and automotive industries.
Factors Impacting the Global Market Growth
Impact Analysis of COVID-19
Global lockdowns caused by the COVID-19 epidemic interrupted production processes and supply chains, and production halts had an effect on the market in 2020. The market's growth trajectory will rise throughout the projection period as conditions began to improve in 2021. On the other hand, it is likely that during the COVID-19 pandemic, the rise in demand for PPE kits made of medical-grade plastic to contain the spread of COVID-19 will present a chance for the market to restore its prior velocity.
Geographical Overview
The Asia Pacific region accounted for the highest share of the global market. Due to its affordable raw material prices and plentiful labor, China is one of the most lucrative plastic additives markets. One of the world's biggest producers of plastic materials is China. China, India, and Southeast Asia's expanding populations and the region's expanding economies have fueled the region's manufacturing and construction sectors. As a result, these elements are producing profitable chances for market expansion in the area.
Leading Competitors
Some of the notable companies profiled in the global plastic additives market are:
Segmentation Outline
The global plastic additives market segmentation focuses on Type, Plastic Type, Application, and Region.
By Type
By Plastic Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL PLASTIC ADDITIVES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL PLASTIC ADDITIVES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL PLASTIC ADDITIVES MARKET, BY TYPE
5.1 OVERVIEW
5.2 PLASTICIZERS
5.3 FLAME RETARDANTS
5.4 IMPACT MODIFIERS
5.5 LUBRICANTS
5.6 ANTIOXIDANTS
5.7 ANTIMICROBIALS
5.8 UV STABILIZERS
5.9 OTHERS
6 GLOBAL PLASTIC ADDITIVES MARKET, BY PLASTIC TYPE
6.1 OVERVIEW
6.2 COMMODITY PLASTIC
6.3 ENGINEERING PLASTIC
6.4 HIGH-PERFORMANCE PLASTICS
7 GLOBAL PLASTIC ADDITIVES MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 PACKAGING
7.3 AUTOMOTIVE
7.4 AGRICULTURE
7.5 BUILDING AND CONSTRUCTION
7.6 CONSUMER GOODS
7.7 ELECTRICAL AND ELECTRONICS
7.8 OTHERS
8 GLOBAL PLASTIC ADDITIVES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL PLASTIC ADDITIVES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
10 COMPANY PROFILES
10.1 BASF
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.2 EXXONMOBIL CORPORATION
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.3 CLARIANT LTD.
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.4 KANEKA CORP.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.5 LANXESS AG
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.6 ALBEMARLE CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.7 DOW PLASTIC ADDITIVES
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.8 EVONIK INDUSTRIES AG
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.9 NOURYON
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.10 SONGWON INDUSTRIAL CO., LTD
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
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