Plastic Additives Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028
Holistic assessment of the factors driving and restraining the market;
Careful evaluation of the key market players and their strategies; and
Detailed research into the regional dynamics shaping the market growth.
Request Sample PDF Brochure:-
Staggering Plastic Pollution Levels Worldwide May Limit Market Growth
The plastic additives market growth is likely to be inhibited owing the uncontrollable level of plastic pollution facing the world currently. According to the UN Environment Program (UNEP), at present, nearly 300 million tons of plastic waste is generated every year. A team of researchers led by the University of Leeds in the UK estimates that 1.3 billion tons of plastic will be dumped on land and in the oceans between 2016 and 2040. The researchers also point out that even if immediate measures are put in place, 710 million tons of plastic waste will still be discarded into the oceans and on lands worldwide. This may cast a dark shadow on the adoption of plastic additives in various end-use industries such as automotive and food & beverages as these industries are determinedly utilizing materials that are eco-friendly and biodegradable, in response to growing consumer awareness about sustainable development.
High Plastic Production in China to Stimulate Growth in the Asia Pacific Market
Asia Pacific, where the market size stood at USD 17.24 billion in 2019, is anticipated to hold a prominent position in the plastic additives market share during the forecast period. This is mainly attributable to the massive production of plastics and polymers in China, which accounts for roughly 30% of the global production of these materials. In addition to this, countries such as India and Vietnam are experiencing a rapid expansion of their domestic packaging industry, which is further augmenting the demand for advanced plastic derivatives in the region.
In North America, stringent regulations governing the production of plastics by the US Environmental Protection Agency (EPA) have forced companies to develop biodegradable plastic additives. Meanwhile, in Europe, the market is expected to undergo dynamic growth on account of the increasing demand for lightweight plastic materials in the region's automotive industry.
Get your Customized Research Report:
Exciting Collaborations among Key Players to Enhance Market Potential
To meet the rising demand for bio-based polymers and plastics, key players in this market are entering into exciting partnerships to develop and market eco-friendly plastic materials. Furthermore, a few companies such as BASF are expanding the applicability of plastic additives in less-explored domains such as infrastructure and construction
March 2020: Clariant and Floreon teamed up to explore and expand the performance of biopolymers, while retaining their environmental benefits. The collaboration will be based on an integration of Clariant's additive expertise and Floreon's know-how of material requirements.
March 2020: BASF's light stabilizers were utilized by Megaplast India, a leading polyethylene manufacturer, to create nonwoven geotextiles for constructing national highways. The additive package is crucial to stabilize the production process and prolonging the service lifespan of the geotextiles.
List of Key Companies Profiled in the Plastic Additives Market Report:
Mitsui Chemical (Tokyo, Japan)
SABIC (Riyadh, Saudi Arabia)
Kaneka Corporation (Tokyo, Japan)
Dow Chemical Company (Michigan, U.S.)
Clariant AG (Muttenz, Switzerland)
ExxonMobil Chemical (Texas, U.S.)
Lanxess AG (Cologne, Germany)
Industries AG (Essen, Germany)
BASF SE (Ludwigshafen, Germany)
Songwon Industrial Co. Ltd. (Ulsan, South Korea)
Inquire Before Buying This Research Report :-
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Fortune Business Insights™
Linkedin | Twitter | Blogs
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Additives Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028 here
News-ID: 2579694 • Views: 201
More Releases from Fortune Business Insight
Current State and Future Prospects of the Global Copper Wire Market: Growth Driv …
Copper wire is a widely used electrical conductor that is essential for the transmission of electrical power and signals. This article will explore the current state of the copper wire market, including its size, growth, and key drivers. The copper wire market is a significant segment of the global metal industry, which has been witnessing steady growth over the past few years. Copper wire is widely used in various industries, including
Rise of Synthetic Paper: Exploring the Global Market Size, Growth Drivers, and A …
Synthetic paper is a type of paper-like material made from synthetic resins, which offers durability, water resistance, and tear resistance. This article will explore the current state of the synthetic paper market, including its size, growth, and key drivers. One key point to note in synthetic paper market research is the different types of synthetic paper available. There are several different types of synthetic paper, each with their own unique properties
The Evolving Ammonium Nitrate Market: Growth Drivers, Safety Concerns, and Futur …
The ammonium nitrate market has been in the news recently due to its use in the production of fertilizers, as well as its role in several high-profile incidents, including explosions. This article will explore the current state of the ammonium nitrate market, including its size, growth, and key drivers. The ammonium nitrate market refers to the global market for the production, distribution, and use of ammonium nitrate, a chemical compound widely
Global Industrial Insulation Market: Trends, Drivers, and Growth Opportunities | …
The industrial insulation market has experienced significant growth in recent years due to increased demand from various industries. This blog post will explore the industrial insulation market, including its size, growth, and key drivers. Additionally, we will discuss the various types of insulation used in industry and their benefits. The industrial insulation market refers to the market for various types of insulation materials and solutions used in industrial applications. Industrial insulation
More Releases for Plastic
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems. At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Global Plastic Pails (Plastic Bucket) Market 2018 Key Players: Jokey Group, BERR …
Qyresearchreports include new market research report "Global Plastic Pails (Plastic Bucket) Sales Market Report 2018" to its huge collection of research reports. In this report, the global Plastic Pails (Plastic Bucket) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Several regional and global trends account for the attractive
Plastic Closure Market – Analysis of Plastic Closure Test Growth, Plastic Clos …
The latest market intelligence study on Plastic Closure market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities and competitive landscape of Plastic Closure market for the forecast period, 2017 - 2022. Get Access to Sample Pages@ https://www.marketexpertz.com/sample-enquiry-form/142 Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
There is a growing need for recycling the plastic and plastic waste. Various major companies are now concentrating on developing new waste-conversion technologies. Some of the major corporates in the global recycled plastic and plastic waste to oil market are Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., JBI Inc., RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. These