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Plastic Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 147 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5615291
The global plastic additives market size reached US$ 50.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

A plastic additive is a chemical compound that is added to polymers to improve the chemical and physical properties of plastic products. It acts as a catalyst or filler to improve the strength to weight ratio, luster, durability, corrosion resistance and heat sensitivity of the product. Some of the commonly used plastic additives include property extenders, modifiers, stabilizers and processing aids, which are used for commodity, engineering and high-performance plastics. Owing to these benefits, they also find extensive applications across various industries, including packaging, construction, automotive and manufacturing.

The rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, the replacement of conventional materials used in the production of consumer goods and various textiles, agricultural and medical products is also providing a boost to the market growth. For instance, plastic products with enhanced mechanical and electrical properties are used in place of traditionally used materials, such as glass, paper, ceramic and metal. Additionally, the rising product demand from the packaging industry is also creating a positive outlook for the market growth. Polyvinyl chloride (PVC), polyethylene terephthalate (PET), low-density polyethylene (LDPE), and high-density polyethylene (HDPE) are among the most commonly used packaging materials across the globe. They are often treated with plastic additives to extend their operational life, appearance and mechanical properties. Other factors, including the growing demand for disposable and reusable plastic products from the medical industry, along with the widespread adoption of 3D printing technologies, are projected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global plastic additives market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on additive type, plastic type, application and function.

Breakup by Additive Type:

  • Plasticizers
  • Stabilizers
  • Flame Retardants
  • Impact Modifiers
  • Others

Breakup by Plastic Type:

  • Commodity Plastic
  • Engineering Plastic
  • High Performance Plastic

Breakup by Application:

  • Packaging
  • Automotive
  • Consumer Goods
  • Construction
  • Others

Breakup by Function:

  • Property Modifiers
  • Property Stabilizers
  • Property Extenders
  • Processing Aids

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Akzonobel NV, Albemarle Corporation, BASF, Clariant AG, Dow Chemical Company, DuPont de Nemours Inc., Evonik Industries AG, Kaneka Corporation, Lanxess AG and Songwon Industrial Co. Ltd., etc.

Key Questions Answered in This Report

1. What is the market size for the global plastic additives market?
2. What is the global plastic additives market growth?
3. What are the global plastic additives market drivers?
4. What are the key industry trends in the global plastic additives market?
5. What is the impact of COVID-19 on the global plastic additives market?
6. What is the global plastic additives market breakup by additive type?
7. What is the global plastic additives market breakup by plastic type?
8. What is the global plastic additives market breakup by application?
9. What is the global plastic additives market breakup by function?
10. What are the major regions in the global plastic additives market?
11. Who are the key companies/players in the global plastic additives market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Plastic Additives Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Additive Type
6.1 Plasticizers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Stabilizers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Flame Retardants
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Impact Modifiers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Plastic Type
7.1 Commodity Plastic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Engineering Plastic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 High Performance Plastic
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Packaging
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Goods
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Construction
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Function
9.1 Property Modifiers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Property Stabilizers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Property Extenders
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Processing Aids
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States Market Trends Market Forecast
10.1.2 Canada Market Trends Market Forecast
10.2 Asia Pacific
10.2.1 China Market Trends Market Forecast
10.2.2 Japan Market Trends Market Forecast
10.2.3 India Market Trends Market Forecast
10.2.4 South Korea Market Trends Market Forecast
10.2.5 Australia Market Trends Market Forecast
10.2.6 Indonesia Market Trends Market Forecast
10.2.7 Others Market Trends Market Forecast
10.3 Europe
10.3.1 Germany Market Trends Market Forecast
10.3.2 France Market Trends Market Forecast
10.3.3 United Kingdom Market Trends Market Forecast
10.3.4 Italy Market Trends Market Forecast
10.3.5 Spain Market Trends Market Forecast
10.3.6 Russia Market Trends Market Forecast
10.3.7 Others Market Trends Market Forecast
10.4 Latin America
10.4.1 Brazil Market Trends Market Forecast
10.4.2 Mexico Market Trends Market Forecast
10.4.3 Others Market Trends Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Akzonobel NV Company Overview Product Portfolio Financials SWOT Analysis
15.3.2 Albemarle Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.3 BASF Company Overview Product Portfolio Financials SWOT Analysis
15.3.4 Clariant AG Company Overview Product Portfolio Financials
15.3.5 Dow Chemical Company Company Overview Product Portfolio
15.3.6 DuPont de Nemours Inc. Company Overview Product Portfolio
15.3.7 Evonik Industries AG Company Overview Product Portfolio Financials SWOT Analysis
15.3.8 Kaneka Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.9 Lanxess AG Company Overview Product Portfolio Financials SWOT Analysis
15.3.10 Songwon Industrial Co. Ltd. Company Overview Product Portfolio Financials SWOT Analysis

Companies Mentioned

  • Akzonobel NV
  • Albemarle Corporation
  • BASF
  • Clariant AG
  • Dow Chemical Company
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Kaneka Corporation
  • Lanxess AG
  • Songwon Industrial Co. Ltd.



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