Plastic Additives Market 2019 Industry Size, Share and Growth Analysis Research
Posted by Rishab Gupta on December 5th, 2019
Plastic Additives Market Price is predicted to touch a revenue of USD 900 billion by the end of 2023. The market is anticipated to expand at a staggering CAGR over the assessment period (2018-2023) owing to the increasing awareness of the consumers regarding food contamination, asserts Market Research Future (MRFR). Plastic additives are significant chemical components which are added to polymer or plastic to modify, alter, and enhance its chemical and physical properties. The end-product which is obtained after the addition of additives exhibit physical properties such as increased density, lower glass transition temperature, and reduced weight.
AkzoNobel NV ( the Netherland), L. N. Chemical Industries (India), Solvay SA (Belgium), SONGWON (South Korea), Evonik Industries AG (Germany), PMC Group Inc. (the U.S), Clariant AG (Switzerland), Albemarle Corporation (US), BASF SE (Germany), Styro Chemical Industries (India), and more
Latest Industry Updates:-
Nov 2017 :- German specialty chemicals company Evonik Industries AG has signed an agreement to acquire the high-concentrates additive compounding business of US-based 3M. The move is part of Evonik’s plan to further expand capabilities in specialty additives, with the acquisition adding solid additives to its portfolio. These operations will be incorporated into Evonik’s interface & performance business line, which produces and markets specialty additives for the plastics industry.
Oct 2017 :- Enhancing their international position further within the plastic additives sector, Peter Greven has announced the acquisition of Norac Additives for an undisclosed sum. Norac will be renamed Norac Additives LLC
May 2017 :- Clariant has re-emphasized its commitment to Asia with a multi-million CHF investment to its additives business to ensure local manufacturing in China of customized, high-end solutions for the Plastics, Coatings & Inks industries.
Mar 2017 :- BASF is investing more than €200 million globally to increase its production network for plastic additives. An important step is an investment to build a new plastic additives plant at its Caojing site in Shanghai, China. This world-class plant, with an annual capacity of 42,000 tons, will produce antioxidants and associated forms and blends. It is expected to be completed in 2019, with commercial production to start by early 2020.
Feb 2017 :- Specialty chemicals company Altana has acquired the US-based PolyAd Services, a developer and manufacturer of additive solutions for the global plastics market. PolyAd Services will be integrated into the plastics additives business line of Altana Group’s largest division BYK Additives & Instruments
Plastic Additives Market Segments:-
The market for plastic additives market globally has been divided on the basis of product types, applications and regions
By Product Type: Antioxidants, Fire retardants, Plasticizers, Lubricants, UV Stabilizers and others.
By Application: Packaging, Automotive, Wire and Cable, Consumer Goods and others.
By Region: North America, Europe, Asia – Pacific and RoW.
Geographically, the plastic additives market spans across regions namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Among all the regions, Asia Pacific is predicted to dominate the market globally due to the growing demand for the product from the packaging industry along with the increasing population. Moreover, Japan, China, and India are the major contributors due to the presence of end-use industries such as building and construction, packaging, and consumer goods.
The North American region is estimated to hold the second-largest share owing to the growing demand for packaging in industrial and household applications. The US is the major contributor in this region owing to the presence of high technological advancements and presence of major market players.
Europe also holds a significant market share owing to the growing R&D activities in plastic materials. The U.K, Belgium, Germany, and the Netherlands are the major economies in this region contributing to the market growth. Meanwhile, the Latin American region along with the Middle East and Africa holds relatively less market share.
Plastic additives Manufacturers
Browse Key Industry Insights spread across 138 pages with 33 market data tables & 12 figures & charts from the report “Plastic Additives Market Information: By Type (Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Antimicrobials, UV-Stabilizers), End-Use Industry (Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electrical & Electronics), Region– Forecast Till 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/plastic-additives-market-1753
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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