Plastic Additives Market Insights Shared In Detailed Report 2020 – 2026 | ADEKA CORPORATION, Baerlocher GmbH, BASF SE, Clariant

MarketInsightsReports has published a report entitled Global Plastic Additives Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The plastic additives market is expected to witness a healthy growth, at an estimated CAGR of around 5% over the forecast period.

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Key Market Players: ADEKA CORPORATION, Baerlocher GmbH, BASF SE, Clariant, Dow, Emerald Performance Materials, Evonik Industries AG, Exxon Mobil Corporation, KANEKA CORPORATION, LANXESS, Mitsui & Co. Plastics Ltd., Nouryon, SABO S.p.A., SONGWON  and Other

Key Market Trends

Packaging Segment to Dominate the Market

- The packaging industry mostly relies on polymers for the packaging and decoration of its end-user products. Factors leading to the increased application of polymers in the packaging industry are certain properties of polymers, including lightweight, availability in different colors, low reactivity, chemical, and moisture resistance, etc.
- The usage of suitable plastic additives contributes toward extended lifetime, appearance, thermal protection, clarity, low haze, and improved mechanical properties, which are the most important factors for packaging.
- Major forms of plastics used in the packaging industry are polyethylene terephthalate (PET/PETE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), low-density polyethylene (LDPE), polypropylene, polystyrene, etc.
- One of the main applications of packaging is in the food and beverage industry. With the increase in the awareness toward hygiene and health among the global population, the packaging industry is also growing at a steady pace.
- Packaging of food items is a process that continually responds to the changes in demand and supply, which are the results of adaptations to the varying demands of the consumers, changes in retail practices, technological innovations, and new developments in legislation, especially, with respect to environmental concerns.
- A wide range of additives is available for enhancing the performance and appearance of food packaging, where polymer additives are important areas of innovation for packaging materials.
- All the aforementioned factors, in turn, expected to increase the demand for the PVC during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share. China is one of the lucrative markets for plastic additives, due to the availability of low-cost raw materials and labor. All plastics products are made from essential polymers, mixed with a complex blend of materials, collectively known as plastic additives. China is one of the largest producers of plastic materials in the world, accounting for ~30% of the global plastics production.
- Packaging is the largest end user for the plastics industry, accounting for more than one-quarter of total plastics usage. The rapid development of e-commerce has greatly promoted the development of the packaging industry in the country. With the rise in demand for lighter, cheaper, and more convenient packaging from consumers, the packaging sector in China is set to experience rapid growth, during the forecast period, which, in turn, is expected to boost the plastic additives market.
- For roughly three decades, Chinas booming economy has offered consumer product companies some of the worlds greatest growth opportunities. Attracted by the huge potential of Chinese consumer goods market, many foreign companies have entered China and set up production units. With the growth of consumer goods production, plastic additive consumption may also see increased demand.
- As living conditions continue to improve in China, people are becoming increasingly willing to invest in home decoration. Consumers increasing purchasing power has majorly boosted the furniture market. Chinese furniture market is increasing, with the emergence of the new middle class population. Plastic additives are used to manufacture plastic furniture.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Plastic Additives market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Plastic Additives market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Plastic Additives market.

Market Segments: This part of the report discusses product type and application segments of the global Plastic Additives market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Plastic Additives used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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