Global Plastic Additive Market-Outlook, Opportunity, Projects, Application and Company Analysis 2017-2023

Our latest research report entitled Plastic Additive Market (by additives type (plasticizers, stabilizers, flame retardants, impact modifiers), by function (property modifiers, property stabilizers, property extender), by application (packaging, automotive, consumer good, construction, manufacturing processes)) provides complete and deep insights into the market dynamics and growth of Plastic Additive. Latest information on market risks, industry chain structure Plastic Additive cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Plastic Additive growth factors.

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The forecast plastic additive market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Plastic Additive on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. The market size of the global plastic additive market was valued over USD 38.50 billion in 2015 and it is projected to grow with a CAGR of 4.9% during the forecast period of 2017-2023 to surpass USD 55 billion by 2023.

Plastic Additives Market: Industry Insights

The substance that is added to the polymer to modify or process or polymerize end use of plastic the chemicals is known as a plastic additive. Plastic additives are a low molecular or organic, inorganic, polymeric substance which is added to provide specific properties in a polymeric compound. Several types of additive materials available commercially are acid scavengers, plasticizers, light and heat stabilizers, flame retardants, antioxidants, lubricants, pigments, slip compounds, thermal stabilizers, and antistatic agents.

Plastic Additives Market: Drivers and Restraints

The increasing demand and usage of plastic led to growing the plastic industry which is the driving factor for the plastic additive market. High durability and low cost is the factor that boosts the usage of plastic that drives the growing plastic additive market. Furthermore, increasing demand for plastics in the medical and packaging industries is anticipated to propel the growth of the market. However, stringent government regulation in many countries for the usage of plastics due to environmental damage may hamper the growth of the global plastic additives market.

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Plastic Additives Market: Segmentation

Plastic Additives Market is segmented on the basis of Additive types, Function, Application, and Application. The additive types are further segmented into plasticizers, stabilizers, flame retardants, impact modifiers, and other additive types. Among them, plasticizers are dominant in the market due to the increasing demand and adoption of plastics. In addition, plasticizers are cost-effective, that drives the growth of plasticizers segment in the global plastic additive market. By function, it is bifurcated into property modifiers, property stabilizers, property extenders, and processing aids. The application is further segmented into packaging, automotive, consumer good, construction, manufacturing processes, and other applications, in which packaging segment holds the largest market share due to the tremendous demand for the packaged food in the food and beverage industry.

Plastic Additives Market: Regional Insights

Plastic Additives Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Asia-Pacific holds the highest market in the Global Plastic Additives Market as there are higher adoption and consumption of plastic which tend for major growth in the plastic additive market. In Asia-Pacific, China dominates the market followed by India and Japan. North America is expected to grow with the highest CAGR during 2018-2025. The increasing demand for the stabilizers and plasticizers in North America is expected to boost the growth of the plastic additive market.

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Plastic Additives Market: Competitive Analysis

The global plastic additives market comprises with the players, Akzo Nobel NV, Albemarle Corporation, Amfine Chemical Corporation, BASF SE, Chemtura Corporation, Dow Chemical Company, EI DuPont de Nemours, Eastman Chemical Company, Evonik Industries AG, Rhein Chemie Rheinau and PMC Global Incorporated among others. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

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