“Global Plastic Additive Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global plastic additive market report has been segmented on the basis of type, plastic, application, and region.
Plastic Additive Market: Introduction
Plastic additive is a chemical added in polymer to modify their properties. Polymers utilized in plastics are mixed with monomeric units. The objective of this process is to improve processing properties and characteristics of plastics and enhance its performance and these monomers are recognized as plastic additives and classified as coupling agents, reinforcing fibres, stabilizers, fillers, colorants, processing aids, peroxides and antistatic agents, and flame retardants. Plastic additives also enable safe handling of plastic during manufacturing of finished products. Stabilizing plastic additive is halogen stabilizer, antioxidants, biological preservatives, and ultraviolet absorbers, Moreover, there are processing aids such as flow controls and lubricants.
In end-use industries plastic additives are used as fire retardation plastic additives and are mixed with polymers to break down. It ensures reduced viscosity that is essential for the plastics moulding into various types finished products. In addition, it is ultraviolet absorbers that are added in the plastic pots utilized in plantations and to enable resistance to UV rays. Moreover, anti-microbial additives are used in these products as well as other products, as a microorganism that can decompose plastics into monomers. Furthermore, lubricants minimize both external and internal friction, and enhance mould flow and to help to mould release. Fillers are utilized to increase volume of plastic available and for making it cost-effective. In addition, temperature resistance of plastics is improved by plastic additives. These additives facilitate the adoption of plastic in the space craft owing to its ability to sustain in high temperatures. These additives offer various applications in aerospace, aviation, defense, automotive, commodities, consumer appliances, FMCG, packaging, and paints and coatings industries.
Plastic Additive Market: Dynamics
Rising adoption for plastic additive across various end-use application including automotive and packaging is a factor expected growth of the global plastic additive market. Increasing demand of plastic additive form consumer goods industries is additional key factor expected to support growth of the potential market in terms of revenue.
In addition, rising demand for replacing conventional materials by the plastics in various applications is among another factor expected to propel growth of the global market. Rapid urbanization and rising disposable income industries in another factor expected to drive the target market growth.
However, stringent governmental regulations regarding plastics additives adoption is a major factor anticipated to restraint growth of the global market.
Plastic Additive Market: Segment Analysis
Among the type segments, the plasticizers segment is expected to register moderate revenue share in the global plastic additive market as they are extensively utilized to process polymers as well ass they are cost-effective than other additives. Plasticizers are primarily mixed with PVC or other polymers to inform unique technological and physical properties used in various applications including cable jacketing, coating fabrics, floor and wall coverings. The plasticizers segment is expected to register highest CAGR.
Among the plastic segments, the commodity plastic segment is expected to register major revenue share in the global plastic additive market. The revenue segment revenue is projected to register fastest CAGR.
Among the application segments, the packaging segment is expected to register major revenue share in the global plastic additive market. The packaging segment revenue is anticipated to register fastest CAGR.
Plastic Additive Market: Region Analysis
The Asia Pacific market is estimated to account for major revenue share in the global plastic additive market. Moreover, the market is Asia Pacific is projected to register highest revenue growth, due to rapid growth in the packaging industry and rising demand from retail industry.
Global plastic additive market segmentation:
Segmentation by Type:
- Flame retardants
- Impact modifiers
- Others (Anti-Microbial, Antistatic Agents, Blowing Agent, Fillers, and Nucleating Agents)
Segmentation by Plastic:
- Commodity plastic
- Engineering plastic
- High performance plastic
Segmentation by Application:
- Consumer Goods
- Others (pharmaceutical, sports, furniture, and agriculture)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Saudi Basic Industries Corporation (SABIC)
- Covestro AG
- 3M Company
- Teijin Limited
- Mitsubishi Gas Chemical Company, Inc.
- Suzhou Omay Optical Material Co., Ltd.
- Rowland Technologies, An ORAFOL Company
- MacDermid Autotype Ltd.
- MGC Filsheet Co., Ltd.
- Dietrich Muller GmbH
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