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Global Plastic Additives Market: Enhancing Performance and Sustainability in the Polymer Industry

09-12-2023 09:25 AM CET | Energy & Environment

Press release from: Allied Market Reseach

Plastic Additives Market

Plastic Additives Market

The global plastic additives market generated $50.6 billion in 2021, and is projected to reach $83.8 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Report Coverage & Details:

Report Coverage Details
Forecast Period 2022­-2031
Base Year 2021
Market Size in 2021 $50.6 billion
Market Size in 2031 $83.8 billion
CAGR 5.3%
No. of Pages in Report 389

Download Sample PDF (389 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/220

COVID-19 Scenario:

The global plastic additives market experienced a negative impact due to the prevalence of lockdowns in numerous countries around the world. Plastic additives were used in number of industries including automotive, construction, textiles, and electronics.
Lockdown resulted in the closure of production and manufacturing facilities and activities across these industries, which in turn adversely impacted the growth of the plastic additives market.
Besides, strict ban on the import and export of goods were imposed by the government, which further aggravated the impact on the market.
These restrictions were imposed by the government to significantly limit the outbreak of the virus during the pandemic.

However, the increase in the demand for PPE kits manufactured from medical-grade plastic to compact the spread of COVID-19 is anticipated to serve as an opportunity for the market to regain its previous momentum.
The report offers detailed segmentation of the global plastic additives market based on type, plastic type, application, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.

Based on type, the plasticizers segment held the largest market share in 2021, holding more than one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The report also analyses other segments of the market such as flame retardants, impact modifiers, lubricants, antioxidants, antimicrobials, UV stabilizers, and others.

Request the Covid19 Impact Analysis @ https://www.alliedmarketresearch.com/request-for-customization/220?reqfor=covid

Based on plastic type, the high-performance plastic segment held the dominating market share in 2021, holding nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The commodity plastic segment, on the other hand, is expected to cite the fastest CAGR of 5.6% during the forecast period.

By application, the building and construction segment held the largest market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. The automotive segment, on the other hand, is expected to cite the fastest CAGR of 6.0% during the forecast period.

Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is predicted to cite the fastest CAGR of 5.7% during the forecast period.

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/plastic-additives-market/purchase-options

The key players analyzed in the global plastic additives market report include Albemarle Corporation, Badische Anilin- und SodaFabrik SE, Clariant Ltd., Dow Chemical Co., Evonik Industries AG, Exxon Mobil Corporation, Kaneka Corporation, Lanxess Corporation, Nouryon, and Songwon Industrial Co. Ltd.

The report analyzes these key players in the global plastic additives market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.

FREQUENTLY ASKED QUESTIONS?
Q1. What are the key factors boosting the Plastic Additives market growth?
Answer : Some of the prominent trends that the market is witnessing include the adoption of automation in the injection molding process, increasing use of lightweight materials and growing innovations in packaging.

Q2. What will be the market value of Plastic Additives in the forecast period 2021 to 2031?
Answer : The global plastic additives market was valued at $83.8 Billion in 2031.

Q3. Which industry is projected to increase the demand for Plastic Additives Market?
Answer : Packaging, automotive, agriculture, building, construction are projected to increase the demand for plastic additives market

Q4. What is the Main Driver of Plastic Additives Market?
Answer : The market for plastic additives is predicted to rise as the popularity of low-cost automobile interiors grows. The consumer products industry uses chemicals for the ease with which they can be recycled.

Access Full Summary @ https://www.alliedmarketresearch.com/plastic-additives-market

Contact:
David Correa
Portland, OR, United States
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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