Report Description

Global Plastic Additives market is expected to grow impressively through 2028 due to the increasing adoption of plastics by various end use industries. In 2021, the total consumption of plastic in India amounted to approximately 21 million tons.

Plastics are used in a wide range of products, including packaging, automotive, construction, and electronics. The increasing demand for these products is driving the demand for plastic additives. The environmental impact of plastics is a growing concern, and this is leading to the development of new plastic additives that are more environmentally friendly. The demand for customized plastics is growing, and this is leading to the development of new plastic additives that can be used to improve the performance of plastics in specific applications.

Plastic additives play a vital role in enhancing the performance, durability, and sustainability of plastics. These chemical compounds are incorporated into plastic formulations to modify their physical, chemical, and mechanical properties. From improving processing characteristics to imparting desired functionalities, plastic additives have revolutionized the world of plastics. Stabilizers are additives that protect plastics from degradation caused by heat, light, oxygen, and other environmental factors. They enhance the durability and longevity of plastic products, preventing degradation and maintaining their appearance and mechanical properties.

Global plastic additives market has witnessed significant growth in recent years, driven by the increasing demand for enhanced plastic properties, improved processability, and sustainability. Plastic additives play a vital role in modifying the physical and chemical characteristics of plastics, enabling manufacturers to meet the diverse requirements of various end-use industries. . Plastic additives are primarily used in industries such as packaging, construction, automotive, electronics, and consumer goods. The market is driven by the rising demand for lightweight and durable materials, stringent regulations related to fire safety and environmental sustainability, and the continuous development of innovative plastic formulations.

The automotive industry is also a major consumer of plastic additives. Plastic additives are used in automotive applications to improve the performance, durability, and safety of plastics. For example, plastic additives are used to make plastics flame retardant, which helps to protect passengers in the event of a fire. The construction industry is also a major consumer of plastic additives. Plastic additives are used in construction applications to improve the strength, durability, and weather resistance of plastics. For example, plastic additives are used to make plastics UV resistant, which helps to protect them from the sun's rays.

Global plastic additives market continues to evolve, driven by the increasing demand for improved plastic properties, regulatory requirements, and sustainability concerns. The market offers significant growth opportunities for manufacturers and innovators who can develop sustainable additives, cater to diverse industry needs, and keep pace with technological advancements. With a strong focus on product performance, environmental responsibility, and compliance with regulations, the plastic additives market is poised for continued expansion in the coming years.

Increasing Demand for Enhanced Plastic Performance is Driving Global Plastic Additives Market Growth

Plastic additives such as fillers, reinforcements, impact modifiers, and stabilizers enhance mechanical properties such as strength, durability, impact resistance, and dimensional stability. As industries like automotive, construction, and aerospace seek lightweight yet robust materials, the demand for plastic additives that optimize performance attributes continues to rise. In today's competitive market, product differentiation is crucial for businesses seeking to stand out from the crowd. Plastic additives, particularly colorants and effect additives, enable manufacturers to customize and enhance the appearance of plastic products, making them more visually appealing and distinctive. The ability to offer a wide range of colors, textures, and finishes has become essential in sectors like consumer goods, packaging, and electronics, driving the demand for plastic additives that enable product differentiation.

Regulatory standards aimed at product safety, environmental sustainability, and fire resistance are driving the demand for specific types of plastic additives. Governments and regulatory bodies worldwide are imposing stricter regulations on plastics, particularly in industries like packaging, construction, and automotive. Additives such as flame retardants, antioxidants, and UV stabilizers are required to meet safety and sustainability standards. Additionally, the growing environmental concerns related to plastic waste and microplastics have led to the development of additives that promote recycling, biodegradability, and overall environmental stewardship.

Technological Advancements is Driving Global Plastic Additives Market Growth

Advancements in technology and innovation are driving the growth of the global plastic additives market. Ongoing research and development efforts have led to the introduction of new and improved additives that offer enhanced performance, durability, and sustainability. Nanotechnology, for instance, has paved the way for nano-additives with unique properties, including improved barrier properties, increased strength, and reduced weight. Moreover, the development of bio-based additives derived from renewable sources is gaining traction, as they offer greener alternatives to traditional petroleum-based additives.

The expansion of end-use industries such as packaging, automotive, construction, and electronics is a significant growth driver for the global plastic additives market. The rapid industrialization, urbanization, and infrastructure development in emerging economies, particularly in Asia Pacific and Latin America, have led to increased consumption of plastics and subsequent demand for plastic additives. The rising middle-class population, changing lifestyles, and disposable incomes in these regions further contribute to the market growth.

Plastic additives also play a crucial role in optimizing material efficiency and cost savings for manufacturers. By incorporating additives that improve processability, reduce energy consumption, and minimize material waste, manufacturers can enhance production efficiency and reduce overall costs. Additives such as lubricants, processing aids, and anti-blocking agents help streamline manufacturing processes, improve mold release, and reduce friction, ultimately leading to higher productivity and cost savings.

Major Challenges faced by Plastic Additives Market

The improper disposal and accumulation of plastic waste have led to environmental pollution, marine litter, and concerns over microplastics. As a result, regulatory pressure is mounting, with stricter regulations being imposed on plastic additives to promote sustainability, recycling, and biodegradability. Manufacturers are required to develop eco-friendly additives and comply with evolving environmental regulations, which can be complex and costly.

Global plastic additives market is heavily influenced by the prices of raw materials used in their production. Fluctuations in the prices of petroleum-based chemicals, minerals, and other feedstocks impact the profitability of manufacturers. Rapid changes in raw material prices can disrupt supply chains, create pricing uncertainties, and pose challenges for market players in maintaining cost-effective operations.

While technological advancements present opportunities, they also pose challenges for the plastic additives market. The constant need for innovation to develop new and improved additives can be resource-intensive, requiring substantial investments in research and development. Staying at the forefront of technological advancements and adopting new processes and materials can be a challenge, particularly for smaller manufacturers who may have limited resources.

Global plastic additives market is highly competitive, with numerous manufacturers vying for market share. This competitive landscape often leads to pricing pressures, as manufacturers strive to offer cost-effective solutions to attract customers. As a result, profit margins may be squeezed, especially in commoditized segments of the market. Companies must navigate this challenge by focusing on product differentiation, innovation, and value-added services to maintain a competitive edge.

Recent Trends and Developments

SABIC launched a new range of impact modifiers for plastics in June 2021. The impact modifiers are designed to improve the toughness and impact resistance of plastics.

Evonik Industries launched a new range of plasticizers for flexible packaging in April 2021. The plasticizers are designed to improve the performance of flexible packaging, such as its barrier properties and its ability to withstand high temperatures.

In February 2021, LANXESS AG acquired Emerald Kalama Chemical. Emerald Kalama Chemical is a leading manufacturer of flame retardants and other specialty chemicals. The acquisition will help LANXESS to expand its product portfolio and strengthen its position in the global plastic additives market.

Market Segmentation

Global Plastic Additives Market is segmented based on Type, End Use, and Region. Based on the Type, Global Plastic Additives market is categorized into Plasticizers, Flame Retardants, Impact Modifiers, Stabilizers, Lubricants, Blowing Agents and Others. Based on End Use, Global Plastic Additives market is segmented into Packaging, Construction, Automotive, Consumer Goods and Others. Based on Region, global Plastic Additives market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Market Players

BASF SE., Evonik Industries AG, DowDuPont Inc. , Akzo Nobel N.V., Mitsubishi Chemical Holding Corporation, Clariant AG, Lanxess AG, Exxon Mobil Corporation Kaneka Corporation, Solvay SA, are some of the key players of the Global Plastic Additives Market.

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Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume inTonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

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

Segments covered

Type

End Use

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Singapore, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

BASF SE., Evonik Industries AG, DowDuPont Inc. , Akzo Nobel N.V., Mitsubishi Chemical Holding Corporation, Clariant AG, Lanxess AG, Exxon Mobil Corporation Kaneka Corporation, Solvay SA,    

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Plastic Additives market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Plastic Additives Market, By Type:
    • Plasticizers
    • Flame Retardants
    • Impact Modifiers
    • Stabilizers
    • Lubricants
    • Blowing Agents
    • Others
  • Plastic Additives Market, By End Use:
    • Packaging
    • Construction
    • Automotive
    • Consumer Goods
    • Others
  • Plastic Additives Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Singapore
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Plastic Additives market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Plastic Additives Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customers

5.    Global Plastic Additives Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & By Volume

5.2.  Market Share & Forecast

5.2.1.     By Type (Plasticizers, Flame Retardants, Impact Modifiers, Stabilizers, Lubricants, Blowing Agents and Others)

5.2.2.     By End Use (Packaging, Construction, Automotive, Consumer Goods and Others)

5.2.3.     By Region

5.2.4.     By Company (2022)

5.3.  Market Map

5.3.1.     By Type

5.3.2.     By End Use

5.3.3.     By Region

6.    North America Plastic Additives Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & By Volume

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By End Use

6.2.3.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Plastic Additives Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value & By Volume

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By End Use

6.3.2.     Mexico Plastic Additives Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value & By Volume

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By End Use

6.3.3.     Canada Plastic Additives Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value & By Volume

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By End Use

7.    Europe Plastic Additives Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & By Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End Use

7.2.3.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Plastic Additives Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & By Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By End Use

7.3.2.     Germany Plastic Additives Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & By Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By End Use

7.3.3.     United Kingdom Plastic Additives Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & By Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By End Use

7.3.4.     Italy Plastic Additives Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & By Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By End Use

7.3.5.     Spain Plastic Additives Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & By Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By End Use

8.    Asia-Pacific Plastic Additives Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & By Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End Use

8.2.3.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Plastic Additives Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & By Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By End Use

8.3.2.     India Plastic Additives Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & By Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By End Use

8.3.3.     South Korea Plastic Additives Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & By Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By End Use

8.3.4.     Japan Plastic Additives Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & By Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By End Use

8.3.5.     Australia Plastic Additives Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & By Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By End Use

9.    South America Plastic Additives Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & By Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By End Use

9.2.3.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Plastic Additives Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & By Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By End Use

9.3.2.     Argentina Plastic Additives Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & By Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By End Use

9.3.3.     Colombia Plastic Additives Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & By Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By End Use

10.  Middle East and Africa Plastic Additives Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & By Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By End Use

10.2.3.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Plastic Additives Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & By Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By End Use

10.3.2.  Saudi Arabia Plastic Additives Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & By Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By End Use

10.3.3.  UAE Plastic Additives Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & By Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By End Use

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Development

12.3.              Recent Developments

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Pricing Analysis

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Company Snapshot

15.3.              Products & Services

15.4.              Financials (As Reported)

15.5.              Recent Developments

15.5.1.  BASF SE.

15.5.2.  Evonik Industries AG

15.5.3.  DowDuPont Inc.

15.5.4.  Akzo Nobel N.V.

15.5.5.  Mitsubishi Chemical Holding Corporation

15.5.6.  Clariant AG

15.5.7.  Lanxess AG

15.5.8.  Exxon Mobil Corporation

15.5.9.  Kaneka Corporation

15.5.10.                Solvay SA

16.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing adoption of plastics by various end use industries is primarily driving the Global Plastic Additives market.

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BASF SE., Evonik Industries AG, DowDuPont Inc. , Akzo Nobel N.V., Mitsubishi Chemical Holding Corporation, Clariant AG, Lanxess AG, Exxon Mobil Corporation Kaneka Corporation, Solvay SA, are some of the key players of the Global Plastic Additives Market.

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Asia Pacific is expected to hold the largest market share over the next five years due to the booming Construction industry.

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Packaging is expected to remain dominant in the Plastic Additives market in the coming years as they improve strength and durability which helps in growing the packaging sector.

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Sakshi Bajaal

Business Consultant
Press Release

Global Plastic Additive Market to Surpass $ 56 Billion by 2023

Sep, 2018

Strong growth of packaging, automotive and construction industries coupled with technological advancements and rising demand for high-efficiency polymers to fuel global plastic additive market throug