Press release
Performance Additives Market Analysis Forecasting Growth Study By 2018 And Industry Players Like Clariant, Arkema, Ashland, Cabot Corporation, Solvay, BASF, AkzoNobel, allnex, Cytec Solvay Group, Daikin Industries, Ltd., Baerlocher UK Ltd, Asahi Glass Co.
Performance Additives
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Performance additives are the various chemicals that are added to the modern-day automotive gasoline and other propelling fuels to stabilize and elevate their octane level, decrease the propensity of pre-ignition, and allow for more power to be made from increased compression and advanced ignition timing. Growing demand for these chemicals from automobile and construction industries are likely to play a major role in their market growth. The Global Market accounted for USD 75.32 billion in 2016 and is projected to grow at a CAGR of 8.5% during the forecast period of 2017 to 2024.
Some of the major players in performance additives market include
· Akzo Nobel N.V.
· Altana
· Arkema SA
· BASF SE
· Clariant
· Cytec Solvay
· Cabot Corporation
· Allnex
· Ashland
· Evonik Industries AG,
· Huntsman International LLC,
· Lanxess AG,
· Daikin Industries
· The DOW Chemical Company and many more.
The Performance Additives market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Major Market Drivers:
· Growing population and rapid urbanization
· High demand from end-use industries
· Development of multipurpose additives
Market Restraint:
· Volatile raw material prices
· Stringent environmental regulations regarding additives
Market Segmentation: Global Performance Additives Market
· The performance additives market is segmented on the basis of type into
o Plastic additives
o Paint & coatings additives
o Pigment additives and
o Ink additives
· On the basis of end-use, the market is segmented into
o Packaging,
o Household goods,
o Automotive,
o Industrial and construction.
· On the basis of geography, the performance additives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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