Plastic Additives Market Release involving Albemarle Corporation, Bayer AG, and other Global Key Players by WMR

The global Plastic Additives market was valued at USD 40.07 billion in 2016 and is projected to reach USD 60.07 billion by 2025, growing at a CAGR of 4.6% from 2017 to 2025.
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Plastic additives demand is majorly governed by the plastic industry growth. Plastic additives are added during manufacturing to improve the functional properties of plastic. However, the manufacturers now face a serious threat from growing demand for bio-plastics.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Growing demand for plastics
1.2 Replacement of conventional materials by plastics
2. Market Restraints
2.1 Stringent government regulations
2.2 Recyclability of non-degradable plastic waste

Market Segmentation:
The global Plastic Additives marketis segmented on the basis ofproduct, plastic type, application,and region.
1. By Product:
1.1 Plasticizers
1.1.1 Phthalates
1.1.2 Non-phthalates
1.2 Stabilizers
1.2.1 Antioxidants
1.2.2 Heat Stabilizers
1.2.3 Light Stabilizers
1.3 Flame Retardants
1.4 Impact Modifiers
1.5 Others

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2. By Plastic Type:
2.1 Commodity Plastics
2.1.1 Polystyrene
2.1.2 Polyethylene
2.1.3 Polyphenylene Ethers
2.2 Engineering Plastic
2.2.1 Polyamides
2.2.2 Polyethylene Terephthalate
2.2.3 Polybutylene Terephthalate
2.2.4 Polycarbonate
2.3 High Performance Plastic
2.3.1 Polyether Ether Ketone
2.3.2 Polytetrafluoroethylene
2.3.3 Polyimide

3. By Application:
3.1 Automotive
3.2 Construction
3.3 Consumer Goods
3.4 Packaging
3.5 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Albemarle Corporation
2. Songwon Industrial Co. Ltd.
3. DOW Chemical Company
4. Bayer AG
5. Akzonobel NV
6. Lanxess AG
7. Kaneka Corporation
8. Clariant AG
9. BASF SE
10. Chemtura Corporation
11. Evonik
12. Polyone
13. Sabo Spa
14. Baerlocher Group
15. Adeka Corporation

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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