Press release
Global Plastic Additives Market 2018 Industry is expected to grow with the CAGR of more than 5.5% from 2022, and with this it is predictable to cross USD 55 Billion by 2022
Current Market Scenario of Plastic Additives:-The Global Plastic Additives Market has seen a remarkable growth over the past few years and it has been expected that the market will keep on growing during the forecast period. Plastic additives are majorly used in the packaging, automotive, wire and cable, consumer goods and others. The growing applications are resulting in the increasing demand for plastic additives across the globe. The major factors behind the growth of global plastic additives market are rapid industrialization in APAC particularly in China, India, Japan and Indonesia. As per analysis, APAC is expected to account the highest growth during the forecast period due to the huge demand from the application industries, rising disposable income and emerging economies. The global plastic additives market is expected to reach USD 55 Billion at the end of the forecasted period and is expected to grow at CAGR of 5.5% from 2016 to 2022.
Over the past few years, the global market has witnessed an extensive growth due to increasing demand of
plastic additives. This has bring out a higher growth rate of the global plastic additives market at the end of forecasted period. As per the market analysis, rising application segment, rapid industrialization in Asia-Pacific, rising disposable income, increasing plastic consumption, rising number of application, emerging economies are driving the market for plastic additives.
Global Key Players:-
• BASF SE
• DuPont
• Evonik Industries
• ExxonMobil
• Mitsui Chemical
• Bayer AG
• Chemtura Corporation
• Clariant
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Regional Analysis:-
“Asia-Pacific is projected to be the largest market during the forecast period”
Geographically, Asia-Pacific is expected to be the largest market for plastic additives accounting more than 35% of the total market. However, the emerging market such as China, where the rapid industrialization has become a major driving factor. Along with this, the increasing demand of plastic additives from the application segment and government support have been a major growing factors which has fueled the demand for plastic additives in the regional market. Followed by this North America is expected to be the second ruling region and Europe would be the third ruling region.
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
Study Objectives of Plastic Additives Market:
• To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Plastic Additives market
• To provide insights about factors affecting the market growth
• To analyze the Plastic Additives market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, and RoW.
The scope of the study categorizes the plastic additives market as product type and application.
By Product Type
• Antioxidants
• Fire retardants
• Plasticizers
• Lubricants
• UV Stabilizers
• Others
By Application
• Packaging
• Automotive
• Wire and Cable
• Consumer Goods
• Others
Complete Report Details Available @ https://www.marketresearchfuture.com/reports/plastic-additives-market-1753
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