Plastic Additives Market, By Type (Plasticizers, Flame Retardants, Impact Modifiers, Lubricants, Antioxidants, Antimicrobials, UV Stabilizers, and Others), By Plastic Type (Commodity Plastic, Engineering Plastic, and High-Performance Plastics), By Application (Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI488322 | Publish Date: December 2023 | No. of Pages: 168

Plastic Additives Market Overview

Plastic additives are chemicals that are used to polymerize, process, or aid achieve desirable properties in the final use of plastics. Plastic additives provide increased chemical, water, and scratch resistance, lower coefficient of friction, enhanced gloss, improved water repellency, suppression of shark-skin, and reduced surface roughness, to name a few advantages. Plastic additives are also used to increase polymer flow, making them easier to process. Internal lubricants allow materials to flow more freely by reducing heat dissipation and viscosity. Plastic additives are more successful than other additives at preventing microbiological deterioration of plastic materials that are prone to staining, odour, discoloration, and aesthetic loss. These advantages of plastic additives over other additives are driving the growth of the plastic additives market. Plastic additives are more effective on materials that have electrical insulating qualities as well as mechanical properties. Global Plastic Additives Market accounted for US$ 50.29 billion in 2020 and is estimated to be US$ 85.70 billion by 2030 and is anticipated to register a CAGR of 5.52%.

Plastic Additives Market Dynamics

Plastic additives are used in a variety of industries

Plastic additives are used in a variety of industries, including packaging, construction, automotive, consumer products, textile, agricultural, and medicine. Growth in the market size of plastic additives is predicted to be primarily driven by a recovery in these main market sectors, as well as a rising demand for polymer additives for applications in these segments. Plastics, particularly engineering plastics, outperform traditional materials such as metals, glass, paper, and ceramics in terms of mechanical and electrical characteristics, abrasion resistance, and chemical resistance. Plastic is being used to replace these traditional materials due to continuous innovation and the requirement for lighter materials in a variety of applications.

Several new restrictions and potential limitations on the use of petroleum-based polymers are projected to impact plastic additive sales. Several scientific investigations have supported limitations on various types of plastic additives, such as flame retardants and plasticizers. In the United States and Europe, regulatory rules restrict the use of high-value flame retardants, such as brominated and chlorinated flame retardants. These might hamper the market of plastic additives during the forecast year.

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Plastic Additives Market Segmentation

The Global Plastic Additives Market report segments the market on the basis of type, plastic type, application and region.

On the basis of Type, the Global Plastic Additives Market is segmented into Plasticizers, Flame Retardants, Impact Modifiers, Lubricants, Antioxidants, Antimicrobials, UV Stabilizers, and Others. Based on Plastic Type the market is segmented into Commodity Plastic, Engineering Plastic, and High-Performance Plastics. Based on Application, the market is segmented into Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics, and Others.

Regional Insights:

Global Plastic Additives Market accounted for US$ 50.29 billion in 2020 and is estimated to be US$ 85.70 billion by 2030 and is anticipated to register a CAGR of 5.52%. On region the Global Plastic Additives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. APAC includes key growing economies such as China and India. As a result, most industries have a lot of room to grow in this region. The plastic additives market is expanding rapidly and provides opportunity for a variety of producers. The APAC region is home to around 61.0 percent of the world's population, and the region's manufacturing and processing industries are expanding rapidly. The APAC region has the largest plastic additives market, with China being the most important market, and it is predicted to develop rapidly in the next years. Growing disposable incomes and rising living standards in APAC emerging nations are the primary drivers of this industry.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020-2030

Market representation

Revenue in USD Million & CAGR from 2020-2030

Market Segmentation

By Type - Plasticizers, Flame Retardants, Impact Modifiers, Lubricants, Antioxidants, Antimicrobials, UV Stabilizers, and Others

By Plastic Type – Commodity Plastic, Engineering Plastic, and High-Performance Plastics

By Application – Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Plastic Additives Market report based on Type, Plastic Type, Application and Region.

Global Plastic Additives Market, By Region:

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa

Plastic Additives Market Key Players

The key players operating in the Global Plastic Additives Market includes BASF SE (Germany), Clariant AG (Switzerland), Albemarle Corporation (U.S.), Songwon Industrial Co., Ltd. (South Korea), Nouryon (Netherland), LANXESS AG (Germany), Evonik Industries AG (Germany), Kaneka Corporation (Japan), and The Dow Chemical Company (U.S.).

BASF SE:

BASF SE is a German multinational chemical business and the world's largest chemical producer. The company's headquarters are in Ludwigshafen, Germany. The plastics sector is under pressure to promote sustainability, decrease waste, reintroduce recycling, and enable circularity. BASF takes this goal extremely seriously as a leading global producer of plastic additives and is working on a variety of solutions to promote the circular economy of polymeric materials.

Plastic Additives Market Company Profile

  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Clariant AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Albemarle Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Songwon Industrial Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nouryon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LANXESS AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Evonik Industries AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kaneka Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Plastic Additives Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Plastic Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Plastic Additives Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Plasticizers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Flame Retardants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Impact Modifiers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Lubricants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Antioxidants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Antimicrobials
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • UV Stabilizers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Plastic Additives Market, By Plastic Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Commodity Plastic
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Engineering Plastic
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • High-Performance Plastics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Plastic Additives Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Packaging  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Agriculture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Building & Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Consumer Goods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electrical & Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Plastic Additives Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Plastic Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Plastic Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Plastic Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Plastic Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Plastic Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • BASF SE.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Clariant AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Albemarle Corporation.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Songwon Industrial Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nouryon
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LANXESS AG.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Evonik Industries AG.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kaneka Corporation   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Dow Chemical Company   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Global Plastic Additives Market report segments the market on the basis of type, plastic type, application and region.

Plastic additives are used in a variety of industries, including packaging, construction, automotive, consumer products, textile, agricultural, and medicine drives the market of plastic additives.

APAC includes key growing economies such as China and India. As a result, most industries have a lot of room to grow in this region.

The key players operating in the Global Plastic Additives Market includes BASF SE (Germany), Clariant AG (Switzerland), Albemarle Corporation (U.S.), Songwon Industrial Co., Ltd. (South Korea), Nouryon (Netherland), LANXESS AG (Germany), Evonik Industries AG (Germany), Kaneka Corporation (Japan), and The Dow Chemical Company (U.S.). .