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Plastic Additives Market With Covid-19 Impact and Market Size, Share, Growth Factors, Competitive Landscape and Regional Forecast 2031

06-15-2022 07:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Plastic Additives Market With Covid-19 Impact and Market Size,

New York, Global Plastic Additives Market report from Global Insight Services is the single authoritative source of intelligence on Plastic Additives Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Plastic Additives Market here: https://www.globalinsightservices.com/reports/plastic-additives-market/

Plastic additives are materials that are added to plastics during the manufacturing process to achieve specific properties. Additives can be used to improve the appearance, durability, or performance of the finished product. Common plastic additives include UV stabilizers, antioxidants, and colorants.
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Key Trends
The key trends in plastic additives technology are:

1. Increased use of biodegradable and environmentally friendly additives: With the increased awareness of the environmental impact of plastic waste, there is a trend towards using more biodegradable and environmentally friendly additives in plastic products.

2. Increased use of nanotechnology: Nanotechnology is being used more and more in the development of new plastic additives. This is because nanotechnology can provide improved performance characteristics for plastics, such as increased strength and durability.

3. Increased use of recycled materials: There is a trend towards using more recycled materials in the production of plastic additives. This is because recycled materials often have similar or even better performance characteristics than virgin materials, and they are also more environmentally friendly.

4. Increased use of renewable resources: Another trend is towards using more renewable resources in the production of plastic additives. This is because renewable resources are often more environmentally friendly than fossil fuels.

Key Drivers
The key drivers of plastic additives market are its properties such as UV stability, easy processability, and low cost. Additionally, the growing demand from the packaging industry is another key driver for this market. The plastic additives market is projected to grow at a CAGR of 5.5% from 2019 to 2024.

The major players in the plastic additives market are BASF SE (Germany), The Dow Chemical Company (US), Evon*ik Industries AG (Germany), Clariant AG (Switzerland), and Lanxess AG (Germany).

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Market Segment
The plastic additives market is segmented by type, application, and region. By type, the market is divided into plasticizers, stabilizers, and others. Based on application, the market is segmented into packaging, construction, automotive, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players
The global plastic additives market includes players such as Nouryon, Evon*ik Industries AG, Kaneka Corporation, The Dow Chemical Company, BASF SE, Clariant AG, Albemarle Corporation, SABIC, Mitsui Chemical, Lanxess AG, and others.

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With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology

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16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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