Plastic Additive Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Plastic Additive Market Trends and Forecast

The future of the global plastic additive market looks promising with opportunities in the packaging, construction, consumer goods, and automotive applications. The global plastic additive market is expected reach an estimated $47.5 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are growing demand for replacement of conventional materials by plastics in the packaging, construction, and consumer goods markets.

Plastic Additive Market by Product, Plastic, and Application

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Plastic Additive Market by Segments

Plastic Additive Market by Segment

The study includes trends and forecasts for the global plastic additive market by product type, plastic, application, and region as follows:

Plastic Additive Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:

Plasticizers

Stabilizers

Flame Retardants

Impact Modifiers

Plastic Additive Market by Plastic [Value ($B) Shipment Analysis from 2017 to 2028]:

Commodity

Engineering

High Performance Plastics

Plastic Additive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

Packaging

Construction

Consumer Goods

Automotive

Plastic Additive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Plastic Additive Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, plastic additive companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic additive companies profiled in this report include-

Songwon Industrial

Albemarle

Clariant AG

BASF SE

The Dow Chemical Company

Plastic Additive Market Insights

Lucintel forecasts that plasticizers will remain the largest segment over the forecast period because it helps in enhancing the properties of plastics for a variety of applications, such as packaging, consumer goods, and chemical industries.

Packaging will remain the largest application segment and it will also witness the highest growth during the forecast period due to increasing use in consumer goods and industrial purposes and rapidly expanding e-commerce sector globally.

Asia Pacific will remain the largest region during the forecast period due to increasing disposable income and rapid urbanization in the emerging countries coupled with growing demand for plastic additive in packaging, retail and polymer industries.

Features of Plastic Additive Market

Market Size Estimates: Plastic additive market size estimation in terms of value ($B)

Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: Plastic additive market size by various segments, such as by product type, plastic, application, and region

Regional Analysis: Plastic additive market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different applications, plastics, product types, and regions for plastic additive market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for the plastic additive market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the plastic additive market size?

Answer: The global plastic additive market is expected to reach an estimated $47.5 billion by 2028.

Q2. What is the growth forecast for plastic additive market?

Answer: The global plastic additive market is expected to grow with a CAGR of 5% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the plastic additive market?

Answer: The major drivers for this market are growing demand for replacement of conventional materials by plastics in the packaging, construction, and consumer goods markets.

Q4. What are the major segments for plastic additive market?

Answer: The future of the plastic additive market looks promising with opportunities in the packaging, construction, consumer goods, and automotive applications.

Q5. Who are the key plastic additive companies?

Answer: Some of the key plastic additive companies are as follows:

Songwon Industrial

Albemarle

Clariant AG

BASF SE

The Dow Chemical Company

Q6. Which plastic additive segment will be the largest in future?

Answer: Lucintel forecasts that plasticizers will remain the largest segment over the forecast period because it helps in enhancing the properties of plastics for a variety of applications, such as packaging, consumer goods, and chemical industries.

Q7. In plastic additive market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific will remain the largest region during the forecast period due to increasing disposable income and rapid urbanization in the emerging countries coupled with growing demand for plastic additive in packaging, retail and polymer industries.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising potential, high-growth opportunities for the global plastic additive market by product type (plasticizers, stabilizers, flame retardants, and impact modifiers), plastic (commodity, engineering, and high performance plastic), application (packaging, construction, consumer goods, and automotive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2 . Which segments will grow at a faster pace and why?
• Q.3. Which regions will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the plastic additive market?
• Q.5. What are the business risks and threats to the plastic additive market?
• Q.6. What are emerging trends in this plastic additive market and the reasons behind them?
• Q.7. What are some changing demands of customers in the plastic additive market?
• Q.8. What are the new developments in the plastic additive market? Which companies are leading these developments?
• Q.9. Who are the major players in the plastic additive market? What strategic initiatives are being implemented by key players for business growth?
• Q.10. What are some of the competitive products and processes in the plastic additive market, and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?