PUBLISHER: QYResearch | PRODUCT CODE: 1206277
PUBLISHER: QYResearch | PRODUCT CODE: 1206277
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Due to the COVID-19 pandemic, the global Plastic Additives market size is estimated to be worth US$ 37.74 billion in 2022 and is forecast to a readjusted size of US$ 48.78 billion by 2028 with a CAGR of 4.37% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Plasticizer accounting for 34.23% of the Plastic Additives global market in 2021, is projected to value US$ 14.31 billion by 2028, growing at a revised 2.06% CAGR from 2022 to 2028. While Automobile Industry segment is altered to an 5.72% CAGR throughout this forecast period.
China Plastic Additives market size was US$ 7.23 billion in 2021, while the US and Europe Plastic Additives were US$ 7.49 billion and US$ 8.37 billion, severally. The proportion of the US was 22.30% in 2021, while China and Europe are 21.52% and 24.93% respectively, and it is predicted that China proportion will reach 25.02% in 2028, trailing a CAGR of 6.80% through the analysis period. India, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 7.18%, 6.32%, and 2.93% respectively for the next 6-year period. As for the Europe Plastic Additives landscape, Germany is projected to reach US$ 2.95 billion by 2028 trailing a CAGR of 3.56% over the forecast period.
The global key manufacturers of Plastic Additives include Kaneka Corporation, Dow, BASF, Songwon, ADEKA Corporation, Clariant, Baerlocher, SI Group, and Beijing Jiyi Chemical, etc. In 2021, the global top five players hold a share approximately 27.35% in terms of revenue.
Plastic Additives market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Plastic Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.