Performance Additives Market By 2025: Solvay, BASF, allnex, AkzoNobel, Ashland, Clariant, Arkema, Momentive, ExxonMobil, Evonik, LANXESS, Cabot Corporation, Cytec Solvay Group, Eastman Chemical Company, DowDuPont, Elementis Global, Dynea AS, Emerald Perfo
Global Performance Additives Market accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025, Globally. The Performance Additives market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Growing demand for these chemicals from automobile and construction industries are likely to play a major role in their market growth. Forecasting Global Performance Additives Market Analysis By Type (Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives) By End-use (Packaging, Household Goods, Automotive, Industrial, Construction) and Geography.
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. Some of the major players in performance additives market include
· Akzo Nobel N.V.
· Arkema SA
· BASF SE
· Cytec Solvay
· Cabot Corporation
· Eastman Chemical Company
· Evonik Industries AG
· Imerys Performance Additives,
· Dynea AS
· Emerald Performance Materials
Others: Huntsman International LLC, Lanxess AG, ExxonMobil, Elementis Global, Daikin Industries, The DOW Chemical Company and many more. 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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· The performance additives market is segmented on the basis of type into
· Plastic additives
· Paint & coatings additives
· Pigment additives and
· Ink additives
· On the basis of end-use, the market is segmented into
· Household goods,
· 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
· 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.
Major Market Drivers:
· Growing population and rapid urbanization
· High demand from end-use industries
· Development of multipurpose additives
· Volatile raw material prices
· Stringent environmental regulations regarding additives
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