Global Functional Additives Market 2024-2028

The functional additives market is forecasted to grow by USD 1,298.84 mn during 2023-2028, accelerating at a CAGR of 5.49% during the forecast period. The report on the functional additives market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising online and internet sales of functional additives, growing demand for functional additives from the pharmaceutical industry, and growing demand for functional additives from the packaging industry.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.66%
CAGR	5.49%
Incremental Value	$1298.84mn

Technavio's functional additives market is segmented as below:

By Application

Foods and beverages
Pharmaceutical and healthcare
Personal care and cosmetics
Others

By Type

Oxygen scavengers
UV stabilizers
Antistatic agents
Antimicrobial additives
Others

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the growing demand for reverse logistics in packaging as one of the prime reasons driving the functional additives market growth during the next few years. Also, increase in R and D activities and growing demand for bio-based functional additives will lead to sizable demand in the market.

The report on the functional additives market covers the following areas:

Functional additives market sizing
Functional additives market forecast
Functional additives market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional additives market vendors that include ADEKA Corp., Akzo Nobel NV, Altana AG, Amcor Plc, Arkema Group, Avient Corp., BASF SE, Clariant International Ltd., Dow Chemical Co., DuPont de Nemours Inc., Dynea AS, Evonik Industries AG, Lanxess AG, Milliken and Co., RPM International Inc., Sabo Spa, SI Group Inc., Solvay SA, Songwon Industrial Co. Ltd., and The Sherwin Williams Co.. Also, the functional additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR45428

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global functional additives market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global functional additives market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Foods and beverages - Market size and forecast 2023-2028
Exhibit 34: Chart on Foods and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Foods and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Foods and beverages - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Foods and beverages - Year-over-year growth 2023-2028 (%)
6.4 Pharmaceutical and healthcare - Market size and forecast 2023-2028
Exhibit 38: Chart on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
6.5 Personal care and cosmetics - Market size and forecast 2023-2028
Exhibit 42: Chart on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)
Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 52: Chart on Type - Market share 2023-2028 (%)
Exhibit 53: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 54: Chart on Comparison by Type
Exhibit 55: Data Table on Comparison by Type
7.3 Oxygen scavengers - Market size and forecast 2023-2028
Exhibit 56: Chart on Oxygen scavengers - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Oxygen scavengers - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Oxygen scavengers - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Oxygen scavengers - Year-over-year growth 2023-2028 (%)
7.4 UV stabilizers - Market size and forecast 2023-2028
Exhibit 60: Chart on UV stabilizers - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on UV stabilizers - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on UV stabilizers - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on UV stabilizers - Year-over-year growth 2023-2028 (%)
7.5 Antistatic agents - Market size and forecast 2023-2028
Exhibit 64: Chart on Antistatic agents - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Antistatic agents - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Antistatic agents - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Antistatic agents - Year-over-year growth 2023-2028 (%)
7.6 Antimicrobial additives - Market size and forecast 2023-2028
Exhibit 68: Chart on Antimicrobial additives - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Data Table on Antimicrobial additives - Market size and forecast 2023-2028 ($ million)
Exhibit 70: Chart on Antimicrobial additives - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Antimicrobial additives - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Type
Exhibit 76: Market opportunity by Type ($ million)
Exhibit 77: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 79: Chart on Market share by geography 2023-2028 (%)
Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 119: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 120: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 121: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 122: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 123: Market opportunity by geography ($ million)
Exhibit 124: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 ADEKA Corp.
Exhibit 131: ADEKA Corp. - Overview
Exhibit 132: ADEKA Corp. - Business segments
Exhibit 133: ADEKA Corp. - Key offerings
Exhibit 134: ADEKA Corp. - Segment focus
12.4 Akzo Nobel NV
Exhibit 135: Akzo Nobel NV - Overview
Exhibit 136: Akzo Nobel NV - Business segments
Exhibit 137: Akzo Nobel NV - Key news
Exhibit 138: Akzo Nobel NV - Key offerings
Exhibit 139: Akzo Nobel NV - Segment focus
12.5 Altana AG
Exhibit 140: Altana AG - Overview
Exhibit 141: Altana AG - Business segments
Exhibit 142: Altana AG - Key news
Exhibit 143: Altana AG - Key offerings
Exhibit 144: Altana AG - Segment focus
12.6 Amcor Plc
Exhibit 145: Amcor Plc - Overview
Exhibit 146: Amcor Plc - Business segments
Exhibit 147: Amcor Plc - Key news
Exhibit 148: Amcor Plc - Key offerings
Exhibit 149: Amcor Plc - Segment focus
12.7 Avient Corp.
Exhibit 150: Avient Corp. - Overview
Exhibit 151: Avient Corp. - Business segments
Exhibit 152: Avient Corp. - Key offerings
Exhibit 153: Avient Corp. - Segment focus
12.8 BASF SE
Exhibit 154: BASF SE - Overview
Exhibit 155: BASF SE - Business segments
Exhibit 156: BASF SE - Key news
Exhibit 157: BASF SE - Key offerings
Exhibit 158: BASF SE - Segment focus
12.9 Clariant International Ltd.
Exhibit 159: Clariant International Ltd. - Overview
Exhibit 160: Clariant International Ltd. - Business segments
Exhibit 161: Clariant International Ltd. - Key news
Exhibit 162: Clariant International Ltd. - Key offerings
Exhibit 163: Clariant International Ltd. - Segment focus
12.10 DuPont de Nemours Inc.
Exhibit 164: DuPont de Nemours Inc. - Overview
Exhibit 165: DuPont de Nemours Inc. - Business segments
Exhibit 166: DuPont de Nemours Inc. - Key news
Exhibit 167: DuPont de Nemours Inc. - Key offerings
Exhibit 168: DuPont de Nemours Inc. - Segment focus
12.11 Dynea AS
Exhibit 169: Dynea AS - Overview
Exhibit 170: Dynea AS - Product / Service
Exhibit 171: Dynea AS - Key offerings
12.12 Milliken and Co.
Exhibit 172: Milliken and Co. - Overview
Exhibit 173: Milliken and Co. - Product / Service
Exhibit 174: Milliken and Co. - Key offerings
12.13 Sabo Spa
Exhibit 175: Sabo Spa - Overview
Exhibit 176: Sabo Spa - Product / Service
Exhibit 177: Sabo Spa - Key offerings
12.14 SI Group Inc.
Exhibit 178: SI Group Inc. - Overview
Exhibit 179: SI Group Inc. - Product / Service
Exhibit 180: SI Group Inc. - Key offerings
12.15 Solvay SA
Exhibit 181: Solvay SA - Overview
Exhibit 182: Solvay SA - Business segments
Exhibit 183: Solvay SA - Key news
Exhibit 184: Solvay SA - Key offerings
Exhibit 185: Solvay SA - Segment focus
12.16 Songwon Industrial Co. Ltd.
Exhibit 186: Songwon Industrial Co. Ltd. - Overview
Exhibit 187: Songwon Industrial Co. Ltd. - Business segments
Exhibit 188: Songwon Industrial Co. Ltd. - Key offerings
Exhibit 189: Songwon Industrial Co. Ltd. - Segment focus
12.17 The Sherwin Williams Co.
Exhibit 190: The Sherwin Williams Co. - Overview
Exhibit 191: The Sherwin Williams Co. - Business segments
Exhibit 192: The Sherwin Williams Co. - Key news
Exhibit 193: The Sherwin Williams Co. - Key offerings
Exhibit 194: The Sherwin Williams Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 195: Inclusions checklist
Exhibit 196: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 197: Currency conversion rates for US$
13.4 Research methodology
Exhibit 198: Research methodology
Exhibit 199: Validation techniques employed for market sizing
Exhibit 200: Information sources
13.5 List of abbreviations
Exhibit 201: List of abbreviations