According to TechSci Research report, “Global Plastic Additive Market By Type, By Function, By Plastic, By End Use Industry, By Region, Competition Forecast & Opportunities, 2018 – 2028’’, the 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.
An increasing number of smart building projects coupled with commercialization in the automotive and construction industries is boosting the application of plastic products, thereby propelling the demand for plastic additives to improve their performance.
Plastic additives enhance the performance of plastic products by imparting various functional properties. Growing urbanization and increasing investments in the industrial sector are boosting the consumption of a wide range of plastic additives.
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Plastic additives majorly find application in packaging, automotive, consumer goods, construction, and other end-use industries. The packaging industry accounts for the largest share of the global plastic additive market, backed by the high consumption of polymer compounds in packaging applications, owing to their lightweight, high environmental resistance, low reactivity, and availability in a wide range.
Also, the use of plastic additives in combination with these polymers improves their physical and mechanical properties. On the basis of type, the global plastic additive market is segmented into plasticizers, stabilizers, flame retardants, impact modifiers, antioxidants, antimicrobials, lubricants, antistatic agents, blowing agents, and others. Plasticizers dominate the market, owing to high demand from PVC manufacturers. Moreover, augmenting demand for plasticizers in construction, electronics, consumer goods, and other applications is likely to fuel the growth of the global plastic additive market. Flame retardant is the fastest-growing type of plastic additive across the globe, backed by rising demand for temperature-resistant polymers.
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“Asia-Pacific is the largest demand generating region for plastic additives, globally, owing to the robust economic growth of South Asian countries combined with high production and demand for plastic products, majorly in China. Increasing government investments to strengthen the industrial growth and rising automotive production base in Asian countries is expected to augment sales of plastic additives in the region during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm
“Global Plastic Additive Market By Type, By Function, By Plastic, By End Use Industry, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the plastic additive market and provides statistics and information on the market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global plastic additive market.
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Table of Content-Plastic Additives Market
- 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
- 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
- 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
- Voice of Customers
- 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
- 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