Plastic Additives Market 2020 Analysis by Global Manufacturers – BASF SE, Clariant, Evonik Industries AG, DowDuPont Inc. and others.

GLOBAL PLASTIC ADDITIVES MARKET: SIZE, TRENDS AND FORECASTS (2020-2023)

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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE)-
BASF SE, Clariant, Evonik Industries AG, DowDuPont Inc. and others.

INDUSTRY NEWS:

Hong Kong SAR, China – March 3, 2020 – BASF’s light stabilizers from the Chimassorb® range have been used by M/s Megaplast India Pvt Ltd (Megaplast), a leading polyethylene products manufacturer in India, to produce nonwoven geotextile used in the construction of national highways. The additive package used plays a crucial role in stabilizing the production process and extending the service lifespan of the geotextiles.

“Nonwoven geotextiles are high-performance materials used to improve the soil for the foundations of above-ground structures. They also help protect against weather erosion damage. They therefore yield substantial benefits in civil engineering projects,” said Hermann Althoff, Senior Vice President, Performance Chemicals Asia Pacific, BASF. “During the production process, our plastic additives allow longer running times, resulting in more stable processing and reduced maintenance costs, which makes them suitable for highly demanding processing conditions.”

Moscow, Russia, and Ludwigshafen, Germany, June 18, 2019 — SIBUR and BASF are collaborating to develop innovative polymer solutions at SIBUR’s PolyLab Research and Development Center located in Moscow, Russia. The signing ceremony of the Memorandum of Cooperation took place on May 30, 2019 at SIBUR’s newly inaugurated state-of-the-art PolyLab at the Skolkovo Innovation Center to seal the strong commitment from SIBUR and BASF.

Both companies will work together to leverage on the digital technologies in production and R&D, and to develop an innovative range of polymers using the plastic additives offered by BASF. In addition, BASF will support with its technical expertise the development of new technology tests at PolyLab, the main R&D hub of SIBUR NIOST, and SIBUR’s production facilities. The companies plan to also jointly develop new high-performance additive solutions, focusing on highly demanding converting conditions for polymers and specifically targeting long term durable goods. They will promote these new solutions at joint technical events to educate SIBUR’s customers and industry players.

June 24, 2020: Clariant Additives Receives Bioplastic Certifications

Good news for the development of sustainable compostable products. Clariant’s bio-based processing & dispersing additives for biopolymers used in plastics– Licocare® RBW Vita range, Licolub® FA 1 and Licowax® C – have been awarded the “OK compost INDUSTRIAL” certificate.
Awarding test and certification body, TÜV Austria Cert GmbH, also granted to Licocare RBW 102 Vita the “OK biodegradable SOIL” label, which is a key attribute for agricultural applications.

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EXECUTIVE SUMMARY:

The day-to-day activities of an individual involve the use of plastic goods. A large number of plastics have been developed and used as a material for the households, commercial and industrial purpose. All the plastic products are made from polymer mixed with a combination of materials, known as additives. Plastic additives are added in polymer to improve the performance, process-ability and other characteristics such as shine, strength, durability, heat resistance, etc.

Plastic additives provide various benefits to the plastics. Plastic additives are used to improve processing conditions of plastics, obtain better impact resistance, increase flame resistance, change the appearance of a plastic, increase or decrease hardness, control surface tension, increase the strength of a plastic, facilitate extrusion blocking, reduce costs, and make plastic more eco-friendly.

The plastic additives market can be segmented on the basis of product types (Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Antimicrobials, UV Stabilizers and Others); Plastic (Engineering Plastic, High-Performance Plastic and Commodity Plastic); Function (Modifiers, Extenders, Stabilizers and Processing Aids) and Application (Packaging, Construction, Consumer Goods, Automotive and Other Applications).

The global plastic additives market has increased at a significant CAGR during the years 2015-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The plastic additives market is expected to increase due to the growing consumption of plastic, increasing construction activities, escalating use of plastic in packaging industry, rising industrial activities, etc. Yet the market faces some challenges such as growing concern towards hazardousness of plastics, stringent government regulations, etc.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

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-Analytical Tools: The Global Plastic Additives Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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