Press release
Plastic Additives Market is expected to grow at a CAGR of 6.1% during the forecasted period | Evolve Business Intelligence
• The global Plastic Additives Market size was valued at USD 57.1 billion in 2023 growing at a CAGR of 6.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Plastic Additives Market size accounted for USD 57.1 Billion in 2023, growing at a CAGR of 6.1% from 2023 to 2033. Plastic additives are substances that are added to polymer materials during their processing or to the finished products to enhance or modify their properties. These additives serve various purposes, such as improving the processing characteristics of plastics, enhancing their performance, and extending their lifespan.
Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021322
The increasing demand for plastic products in various industries such as packaging, automotive, construction, and electronics is a significant driver. Plastics are widely used due to their versatility, lightweight nature, and cost-effectiveness. Stringent regulations and standards related to the use of plastics in different applications have led to the development and adoption of additives that comply with environmental and safety standards. This includes additives that improve flame resistance, reduce emissions, and enhance recyclability. Ongoing research and development in the field of plastic additives led to the introduction of innovative products that offer improved performance and meet specific industry requirements. Technological advancements drive the market by providing solutions to emerging challenges.
Key Players
Some of the major Plastic Additives Market players holding high market shares include Nouryon, BASF SE, Albemarle Corporation, Lanxess Corporation, and Dow. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include KANEKA CORPORATION, Clariant Ltd., Songwon Industries Co. Ltd., Evonik Industries AG, Exxon Mobil Corporation
Report Description: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021322
Segmental Analysis
Based on type, the Plastic Additives market is segmented into Plasticizers, Flame Retardants, Impact Modifiers, Lubricants, Antioxidants, Antimicrobials, UV Stabilizers, and Others. Plasticizers are the largest segment of the Plastic Additives market. They are used to make plastics more flexible and easier to process.
Based on plastic type, the Plastic Additives market is a Commodity Plastic, Engineering Plastic, High-Performance plastic. Commodity plastics are the largest segment of the Plastic Additives market. They are the most common type of plastic and are used in a wide variety of applications, such as packaging, construction, and automotive parts.
Based on application, the Plastic Additives market is Packaging, Automotive, Agriculture, Building and Construction, Consumer goods, Electrical and electronics, and Others. Packaging is the largest segment of the Plastic Additives market. Plastic packaging is popular due to its lightweight, durable, and cost-effective properties.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
This release was published on openPR.
Permanent link to this press release:
Copy
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 is expected to grow at a CAGR of 6.1% during the forecasted period | Evolve Business Intelligence here
News-ID: 3293166 • Views: …
More Releases from Evolve Business Intelligence
Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
The self-healing concrete market is gaining momentum, driven by the need for durable and sustainable infrastructure. Within this innovative field, the capsule segment stands out as a high-opportunity area, offering a promising approach to automatically repair rifts and extend the lifespan of concrete structures.
Market Dynamics and Growth Drivers
Capsule-based self-healing concrete incorporates micro or macro capsules containing healing agents, such as bacteria, polymers, or mineral precursors, into the concrete mix. When…
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
The marine sensors market is experiencing significant growth, driven by the increasing demand for enhanced vessel safety, operational efficiency, and environmental monitoring. Among the diverse array of marine sensors, the flow and level sensors segment presents a high-opportunity area, playing a vital role in ensuring optimal vessel performance and preventing critical failures.
Market Dynamics and Growth Drivers
Flow and level sensors provide real-time data on fluid levels and flow rates within various…
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
The marine seats market is driven by the demand for comfort, safety, and durability in various marine applications, from recreational boating to commercial vessels. Within this dynamic sector, the seat mount segment presents a high-opportunity area, playing a crucial role in ensuring secure and adaptable seating solutions for diverse marine environments.
Market Dynamics and Growth Drivers
Seat mounts provide the essential connection between marine seats and the vessel's deck, offering stability, adjustability,…
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Marke …
The HDPE (High-Density Polyethylene) pipes market is experiencing robust expansion, fueled by its versatility and durability across various applications. Within this thriving sector, the PE100 pipe segment stands out as a high-opportunity area, offering superior performance for high-pressure applications in water, gas, and industrial pipelines.
Market Dynamics and Growth Drivers
PE100 pipes, characterized by their high density and excellent long-term hydrostatic strength, are designed to withstand demanding operating pressures…
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageants…
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategic…
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…
