Plastic Additives Market Scenario
Replacement of conventional materials by plastics in several applications coupled with increasing disposable income and rapid urbanization are some of the major factors propelling the plastic additives market globally. Furthermore, rising demand from Asia-Pacific region is also one of the factor propelling the growth of plastic additives market. However, strict governmental regulations governing the plastic additives market is one of the major factor expected to hamper the global growth of the plastic additives market.
Plastic Additives Market Segmentation
The plastic additives market is segmented by Type, Plastic, Application and Geography. Various Types of plastic additives are Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers and Other Plastic Additives. Likewise, the Plastics studied in the report are Commodity Plastics (Polyethylene (PE), Polystyrene (PS) and Polyphenylene Ethers (PPE)), Engineering Plastic (Polyamides (PA), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT) and Polycarbonate (PC)) and High Performance Plastics (Polyether Ether Ketone (PEEK), Polyimide (PI) and Polytetrafluoroethylene (PTFE)). Furthermore, various applications of plastic additives are Packaging, Consumer Goods, Construction, Automotive and Others. Based on Geography, the Plastic additives Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Plastic Additives Market by Geography
Geographically, the plastic additives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the Asia-Pacific is expected to dominate the global plastic additives market. Rising industrial output, economic growth, and increasing population in China, India, and Southeast Asia have driven the manufacturing and construction industries in the region. Moreover, established nations such as U.S., U.K., Germany, and France are also anticipated to generate high demand for plasticizers, UV stabilizers, flame retardants, and other additives.
Plastic Additives Market Key Players
Some of the major players operating in the global plastic additives market includes Songwon Industrial Co., Ltd., Albemarle Corporation, BASF SE, Clariant AG, The DOW Chemical Company, Akzonobel NV, Bayer AG, Chemtura Corporation, Evonik Industries AG, Kaneka Corporation, Lanxess AG, Adeka Corporation, Polymers Compounding Co. Ltd., Baerlocher Group, Emerald Performance Materials, Grafe Advanced Polymers GmbH and Milliken & Company. Technology innovation, product development, and production optimization are vital for industry participants to maintain a competitive edge.
Plastic Additives Market Report Key Benefits