Plastic Additives Market Size & Share, by Type (Plasticizers, Flame Retardants, Impact Modifiers, Heat Resistant, Compatibilizer); Plastic Type (Commodity, Engineering, High-Performance); Application (Packaging, Automotive, Agriculture, Building & Construction, Consumer Goods, Electronics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4662
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Global Plastic Additives Market TOC

 

  1. An Outline of the Plastic Additives Market
    1. Market Definition
    2. Market Segmentation
  2.  Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
  7. Major Roadblocks for the Market Growth
  8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled Out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  9. Government Regulation
  10. Industry Risk Analysis
  11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Plastic Additives Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  12. Regional Analysis on Plastic Additives Market
  13. Industry Growth Outlook
  14. Industry Supply Chain Analysis
  15. Key Players Production Capacity & Supply Analysis
  16. Recent Developments in Plastic Additives Market
  17. Application Analysis
  18. Porter Five Forces Analysis
  19. Analysis on Market Trends of Plastic Additives Based on Products
  20. Competitive Positioning: Strategies to Differentiate a Company From its Competitor
  21. Comprehensive Model: A Detailed Inside View for Investors
    1. Company Market share 2022
    2. Business Profile of Key Enterprise
      1. Arkema
        1. Business Overview
        2. Key Business Strategies for the Growth of Revenue
        3. Financial Performance and Revenue Representation
        4. Major Products Offered
        5. Mergers and Acquisitions
        6. Latest Trends
        7. Regional and Worldwide Presence
      2. The Dow Chemical Company
      3. Struktol Company of America, LLC
      4. LANXESS
      5. SONGWON
      6. Kaneka Corporation
      7. Solvay
      8. Clariant AG
      9. BASF SE
      10. Daikin Industries, Ltd.
      11. LG Chem
      12. Evonik Industries AG
      13. Other major players
  22. Global Plastic Additives Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Global Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
        1. Plasticizers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        2. Flame Retardants, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        3. Impact Modifiers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        4. Heat Resistant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        5. Compatibilizer, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        6. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          1. Antioxidant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. Dispersing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. Processing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. Chain Extender, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          5. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
      2. By Plastic Type
        1. Commodity, Market Value (USD Million), and CAGR, 2018-2035F
        2. Engineering, Market Value (USD Million), and CAGR, 2018-2035F
        3. High-Performance, Market Value (USD Million), and CAGR, 2018-2035F
      3. By Application
        1. Packaging, Market Value (USD Million), and CAGR, 2018-2035F
        2. Automotive, Market Value (USD Million), and CAGR, 2018-2035F
        3. Agriculture, Market Value (USD Million), and CAGR, 2018-2035F
        4. Building & Construction, Market Value (USD Million), and CAGR, 2018-2035F
        5. Consumer Goods, Market Value (USD Million), and CAGR, 2018-2035F
        6. Electronics, Market Value (USD Million), and CAGR, 2018-2035F
      4. By Geography
        1. North America, Market Value (USD million), and CAGR, 2018-2035F
        2. Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        3. Asia Pacific, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        4. Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        5. Middle East and Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
  23.  Cross Analysis of Type w.r.t. Application (USD Million), 2022
  24.  North America Plastic Additives Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. North America Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
        1. Plasticizers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        2. Flame Retardants, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        3. Impact Modifiers, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        4. Heat Resistant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        5. Compatibilizer, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
        6. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          1. Antioxidant, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. Dispersing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. Processing Agent, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. Chain Extender, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          5. Others, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
      2. By Plastic Type
        1. Commodity, Market Value (USD Million), and CAGR, 2018-2035F
        2. Engineering, Market Value (USD Million), and CAGR, 2018-2035F
        3. High-Performance, Market Value (USD Million), and CAGR, 2018-2035F
      3. By Application
        1. Packaging, Market Value (USD Million), and CAGR, 2018-2035F
        2. Automotive, Market Value (USD Million), and CAGR, 2018-2035F
        3. Agriculture, Market Value (USD Million), and CAGR, 2018-2035F
        4. Building & Construction, Market Value (USD Million), and CAGR, 2018-2035F
        5. Consumer Goods, Market Value (USD Million), and CAGR, 2018-2035F
        6. Electronics, Market Value (USD Million), and CAGR, 2018-2035F
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. US, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. Canada, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
  25. Europe Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Europe Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. Germany, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. UK, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. Italy, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. France, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          5. Spain, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          6. Netherlands, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          7. Russia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          8. Rest of Europe, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
  26.  Asia Pacific Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. China, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. India, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. Japan, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. South Korea, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          5. Australia, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          6. Singapore, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          7. Rest of Asia Pacific, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
  27. Latin America Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Latin America Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. Brazil, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. Mexico, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. Argentina, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. Rest of Latin America, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
  28. Middle East and Africa Plastic Additives Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa Plastic Additives Market Segmentation Analysis (2018-2035)
      1. By Type
      2. By Plastic Type
      3. By Application
      4. By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
          1. GCC, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          2. Israel, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          3. South Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F
          4. Rest of Middle East and Africa, Market Value (USD Million), Volume (Thousand Tons), and CAGR, 2018-2035F

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Plastic Additives Market size is set to cross USD 56.97 billion by the end of 2035, growing at a CAGR of 5.86% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of plastic additives was USD 27.45 billion. Significant factor includes research and development activities in the field of plastic additives, increasing use of plastic additives in the healthcare sector, and growing demand for additives in making lightweight and durable vehicle components.

In addition, the expansion of the market is being fueled by the increasing initiatives towards plastic waste transformation into plastic additives among the market's key players. For instance, Evonik launched a wide variety of additives under the trade name TEGO Cycle to assist its clients in streamlining processes and raising the final quality of recycled plastics. The TEGO Cycle array of additives, which is intended to reduce energy consumption during mechanical recycling and improve polymer quality, enables the transformation of the plastics value chain into a value cycle.


Plastic Additives Market
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Plastic Additives Sector: Growth Drivers and Challenges

Growth Drivers

  •  Rapid Urbanization and Significant Demand from the Building & Construction Industry - The demand for plastic additives in the building and construction industry is increasing due to rapid urbanization. The construction industry has been significantly impacted by urbanization, and this impact is projected to continue in the future. According to the World Bank, more than half of the world's population currently resides in cities. The global urban population will almost double to six billion individuals by the year 2045.  Plastic additives play an important role in boosting polymer durability and efficacy across an extensive spectrum of applications as the building and construction industry grows.
  • High Demand for Plastic Products - Plastic additives have the potential to boost the performance, durability, and aesthetic appeal of plastic materials. Increasing demand for plastic products across various industries such as packaging, automotive, construction, and electronics is expected to drive market growth over the years.  Moreover, the rising use of bio-based plastic additives in plastic products to deal with the rising plastic waste issues which impact the environment will fuel the global market growth over the years. As per the European Bioplastics (EUBP), the global bioplastic production capacity in 2022 was 2.22 million tons.
  • Growing Usage of Plastic Additives in The Packaging Industry - Plastic is the material most frequently employed by the packaging industry currently, and its versatility allows it to satisfy a variety of requirements. Additives, also for packaging, whether for polyolefin resin or PET (the most extensively used plastic within packaging), are employed to enhance manufacturing and processing performance and to impart a variety of improved characteristics to materials. Furthermore, manufacturers are switching to additives that enable recycling in packaging as well as additives and masterbatches which are near-infrared detectable as a result of heightened awareness of the circular economy and its implications.

Challenges

  • Toxicity and Environmental Side Effects of Plastic Additives – Plastic additives can have a significant impact on the health of human beings, marine species, and the environment. Plastic additives have been linked to cancer, immune system damage, reproduction issues, and developmental delays. Bisphenols, phthalates, are perfluorinated compounds, and flame-retardant substances, and nonylphenols are toxic additives found in toys, textiles, furniture, packaging for food, and electronics, hindering growth in the market.
  • Fluctuations in Raw Material Price
  • Stringent Government Regulation Governing Plastic Industry

Plastic Additives Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

5.86%

Base Year Market Size (2022)

USD 27.45 Billion

Forecast Year Market Size (2035)

USD 56.97 Billion

Regional Scope

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Singapore, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East and Africa)
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Plastic Additives Segmentation

Type (Plasticizers, Flame Retardants, Impact Modifiers, Heat Resistant, Compatibilizer)

By the end of 2035, the plasticizers segment in the plastic additives market is projected to garner the largest revenue of USD 19.11 billion. Significant factor includes increasing application in the production of PVC and automotive plastics. Plasticizers are chemical additives that soften and increase the flexibility of plastics, which increases their use in the production of many different items. The need for plasticizers is fueled by their mechanical qualities and ability to modify plastics since they can increase a product's longevity. The increased demand for plasticizers in the manufacturing of plastic supports segmental growth.

Plastic Type (Commodity, Engineering, High-Performance)

Plastic additives market from the commodity segment is projected to garner the largest revenue of USD 25.53 billion by the end of 2035. Commodity plastics are easily processed into items of everyday use and are utilized in great volume in an extensive variety of applications. Commodity plastics find usage in textiles, packaging, healthcare, and electrical applications. Thus, the high production volume and low cost that has ensured commodity plastic's widespread adoption in the various end-user sectors would fuel the need for plastic additives.

Our in-depth analysis of the global plastic additives market includes the following segments:

    Type

  • Plasticizers
  • Flame Retardants
  • Impact Modifiers
  • Heat Resistant
  • Compatibilizer

    Plastic Type

  • Commodity
  • Engineering
  • High-Performance

     Application

  • Packaging
  • Automotive
  • Agriculture
  • Building & Construction
  • Consumer Goods
  • Electronics

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Plastic Additives Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific plastic additives market is poised to hold the largest market share and account for USD 33.87 billion by the end of 2035. Significant factor includes growth in growing investment in infrastructure development. According to the Asian development bank, the emerging economies in the Asia Pacific region are investing USD 881 billion annually in infrastructure development.  Moreover, the growing automotive industry across China and India is driving the product demand in the region as plastic additives play an important role in automotive component manufacturing. According to the Society of Indian Automobile Association, the automotive sector produced 25.93 million units from April 2022 to March 2023, as against 23.04 million units from April 2021 to March 2022.

European Market Statistics

The Europe plastic additives market is projected to hold the second-largest market share and account for USD 9.63 billion in 2035. Significant factor includes higher penetration of chemical companies, and growing chemical and plastic resin exports across the region. Moreover, growing R&D by major players as well as strategic collaborations made by major regional players backed market growth. For instance, BASF and Zhejiang REEF Technology Co., Ltd. announced a strategic partnership agreement in order to create cutting-edge recyclate formulations for use in the consumer, packaging, and automotive industries. According to the agreement, BASF plans to provide technical advice and assistance for recycled polymer formulations carried out at BASF's test facilities together with its recently released IrgaCycle additive solutions.

Research Nester
Plastic Additives Market Size
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Companies Dominating the Plastic Additives Landscape

top-features-companies
    • Arkema
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • The Dow Chemical Company
    • Struktol Company of America, LLC
    • LANXESS
    • SONGWON
    • Kaneka Corporation
    • Solvay
    • Clariant AG
    • BASF SE
    • Daikin Industries, Ltd.
    • LG Chem
    • Evonik Industries AG

In the News

  • October 2022: Clariant, launched new Clariant additive solutions to drive more sustainable plastics and reduce resource use at K 2022. The newly launched New anti-scratch additive is to extend the service life of consumer goods. The new light stabilizer supports more durable agricultural films and the new bio-base wax will reduce cycle times and facilitate the processing of injection-molded polyester compounds.
  • September 2022: BASF introduced ‘VALERAS’ at K 2022, showcasing its plastic additives portfolio. VALERAS offers sustainable solutions for the plastics industry, contributing to a circular economy and achieving net zero emissions. BASF also presented Product Carbon Footprints (PCF) for antioxidants and light stabilizers, complementing the recently launched ‘IrgaCycle’ and ‘RegXcellence’ solutions. The company aims to collaborate with customers to develop innovative and sustainable additive solutions that address industry challenges and meet future needs.

Author Credits:  Rajrani Baghel


  • Report ID: 4662
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for plastic additives in the building and construction industry across the globe is the major factor driving the market growth.

The market is anticipated to attain a CAGR of 5.86% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Arkema, The Dow Chemical Company, Struktol Company of America, LLC, LANXESS, SONGWON, Kaneka Corporation, Solvay, Clariant AG, BASF SE, Daikin Industries, Ltd., LG Chem, Evonik Industries AG, among others.

The plasticizers are anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Plastic Additives Market Report Scope
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