Press release
Plastic Additives Market to Reach USD 65.94 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1318/Plastic-Additives-Market.html#form
Market Statistics
• Market size (2022): USD 47.76 billion
• Forecast value (2028): USD 65.94 billion
• CAGR (2023-2028): 5.46%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: Multiple across product type, plastic type, application type, and region
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Product Type
• Plasticizers
• Stabilizers
• Flame Retardants
• Impact Modifiers
• Others
By Plastic Type
• Commodity Plastics
• Engineering Plastics
• High-Performance Plastics
By Application Type
• Packaging
• Construction
• Consumer Goods
• Automotive
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In the Product Type category, plasticizers remain the dominant segment as they are cost-effective additives widely used to enhance flexibility and processability of polymers such as PVC, driving sustained demand across industries including packaging, flooring, and cables. Their broad applicability and ability to significantly improve material performance underpin continued investment by suppliers in refined and specialized plasticizer formulations to capture demand.
Under Plastic Type, commodity plastics maintain the largest share of the market due to their extensive use in everyday products and packaging applications. These plastics form the backbone of large-volume industries and require additives to tailor properties such as strength, durability, and thermal stability, prompting stakeholders to optimize additive portfolios in alignment with evolving application needs.
Within Application Type, the packaging segment leads driven by escalating global consumption of packaged goods and rapid growth in e-commerce, which fuels demand for lightweight, durable, and high-performance plastic packaging materials that rely on additives for property enhancement. This trend encourages market participants to focus on innovative additive solutions that meet stringent regulatory and sustainability requirements.
Regional Insights
Asia-Pacific is the largest and fastest-growing region in the plastic additives market due to robust manufacturing expansion, increasing polymer consumption in packaging, construction, and automotive sectors, and rapid industrialization in key economies such as China, Japan, and India. The region's expanding industrial base and rising demand for value-added plastics create strategic growth opportunities for additive producers and converters.
Market Drivers
• Expansion of end-use industries such as packaging and automotive increases the need for additives that improve performance and functionality.
• Technological advancements in polymer additives enable tailored performance characteristics across a variety of applications.
• Growing e-commerce and consumption of packaged goods drive demand for enhanced plastic packaging materials.
• Rising regulatory focus on product quality and safety encourages adoption of specialized additive formulations.
• Increasing industrial production and urbanization in emerging economies support broader utilization of additives in plastic products.
Top Companies in the Market
• Bayer AG
• Kaneka Corporation
• AkzoNobel NV
• Albemarle Corporation
• BASF SE
• Clariant AG
• Evonik Industries AG
• Lanxess AG
• Songwon Industrial Co., Ltd.
• The DOW Chemical Company
FAQs
1. What is the expected value of the global plastic additives market by 2028?
The global plastic additives market is projected to reach USD 65.94 billion by 2028.
2. What CAGR is the plastic additives market forecast to register through 2028?
The market is expected to grow at a CAGR of 5.46% from 2023 to 2028.
3. Which product type holds the largest share in the plastic additives market?
The plasticizers segment holds the largest share and is expected to remain dominant during the forecast period.
4. What application segment leads demand for plastic additives?
The packaging segment leads the plastic additives market due to high demand in consumer goods and e-commerce.
5. Which region is the fastest growing in the plastic additives market?
Asia-Pacific is estimated to be the fastest-growing region in the plastic additives market.
Related Links:
Latex binders market: https://ivebo.co.uk/read-blog/199085
Leisure boat marine coatings market: https://payrchat.com/blogs/35582/leisure-boat-marine-coatings-market
Linear alkylbenzene sulfonate market: https://www.ganjingworld.com/news/1i3c2v9ndrb2R1C8LSmmb8uVG19m1c/linear-alkylbenzene-sulfonate-las-market-advancing-green-chemistry-for-a-cleaner-future
Linoleic acid market : https://network.musicdiffusion.com/read-blog/55212
Liquid adhesives market: https://logcla.com/blogs/1009836/Liquid-Adhesives-Market-Driving-Innovation-in-Modern-Bonding-Solutions
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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