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: Smruti Ranjan, 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 â€“ 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.