PUBLISHER: Lucintel | PRODUCT CODE: 1263886
PUBLISHER: Lucintel | PRODUCT CODE: 1263886
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 $47.5 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are growing demand for replacement of conventional materials by plastics in the packaging, construction, and consumer goods markets.
Plastic Additive Market by Product, Plastic, and Application
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Plastic Additive Market by Segments
Plastic Additive Market by Segment
Plastic Additive Market by Product Type [Value ($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.