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Plastic Additives Market Growth 2020 by its increasing demand, use in various sector, growing application and productivity, research report till 2025
Plastic Additives Market
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Global Plastic Additives Market size shall grow with prominent CAGR over the forecast timeframe. Plastic additives are the substances which are added in polymer reaction or chemical process. These additives help to improve the polymer characteristics such as shine, strength, heat sensitivity and durability.
The plastic additives market is primarily driven by growing plastic consumption across the globe which is directly influenced by rising applications and increasing disposable income of consumers especially in developing economies. The growing packaging industry and increasing product usage in the medical and agriculture sectors are anticipated to increase plastic additives consumption globally.
The global 'plastic additives market' study delivers an overall evaluation for stakeholders looking to expand their reach spanning various geographies, contenders, solution providers, new entrants in the industry, as well as financial speculators, private value firms, and government bodies.
The plastic additives market is segmented into six categories namely, plasticizers, stabilizers, flame-retardants, impact modifiers, antioxidant and others. The global plastic additive market was led by plasticizers in 2017, owing to its extensive use in polymers and are comparatively cost-competitive to other additives. Packaging sector accounted for a major market share in plastic additives market in 2017 and is likely to continue to do so in the coming years.
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Plastic additives market is highly fragmented and major international players are operating in the industry which includes, BASF SE, Clariant AG, Bayer AG, Songwon Industries Co., Ltd, DowDuPont, Albemarle Corporation, Evonik Industries AG, Kaneka Corporation, Lanxess, Sabik Imprint, Exxon Mobil Corporation, Mitsui Chemicals, Inc. and Biesterfield Plastic GmbH.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
The plastic additives market in Asia Pacific has shown good growth despite of global recession and is further anticipated to grow in future. The plastic additive market in economies including China and India is showing great opportunities for investors due to cost competitive labor and high domestic consumption. The plastic additives demand in China and India has been growing in electronic, automobile, construction equipment, and toy industry.
The end-user plastics manufacturing plants from Korea, Japan and Taiwan have relocated, owing to higher plastic additives demand in internal as well as external market. Regions including North America and Europe are likely to generate high demand for plasticizers, stabilizers and flame retardants which shall propel plastic additives demand in future.
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Key questions answered in the report:
o What will be the plastic additives market demand, size, share, and consumption between 2020 to 2025?
o What will the growth rate of the plastic additive market?
o What was the status of this market worldwide during the past years?
o What are the key factors that will drive the plastic additives market?
o What are the risks, opportunities, and the overview of plastic additives industry?
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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