Plastic Additives Market share forecast to witness considerable growth from 2018 to 2024

1
Plastic Additives market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Plastic Additives Market

• The plastic additive market in Asia Pacific has
  shown good growth despite of global recession and
  is further anticipated to grow in future. The
  plastic additive market in economies including
  China and India is showing great opportunities
  for investors due to cost competitive labor and
  high domestic consumption. The plastic additives
  demand in China and India has been growing in
  electronic, automobile, construction equipment,
  and toy industry. The increasing demand for high
  performance and ecofriendly plastic from
  developed economies is putting pressure on
  plastic additive manufacturers in Asia Pacific to
  produce ecofriendly and high-performance plastic
  if they want to export it.
• The end-user plastics manufacturing plants from
  Korea, Japan and Taiwan have relocated, owing to
  higher plastic additives demand in internal as
  well as external market. Regions including North
  America and Europe are likely to generate high
  demand for plasticizers, stabilizers and flame
  retardants which shall propel plastic additives
  demand in future.

3
Continue

• Global Plastic Additives Market size shall grow
  with prominent CAGR over the forecast timeframe.
  Plastic additives are the substances which are
  added in polymer reaction or chemical process.
  These additives help to improve the polymer
  characteristics such as shine, strength, heat
  sensitivity and durability. Decrease in mineral
  ore sources has raised the metal equipment cost,
  which has triggered the plastic applications to
  replace metal equipment. The low cost of plastic
  and properties similar to metal shall fuel
  plastic additives market growth rate in the
  coming years.
• The plastic additives market is primarily driven
  by growing plastic consumption across the globe
  which is directly influenced by rising
  applications and increasing disposable income of
  consumers especially in developing economies.
  Growing packaging industry and increasing product
  usage in medical and agriculture sector are
  anticipated to increase plastic additives
  consumption globally. The potential to modify
  polymers by using plastic additives has allowed
  the packaging industry to produce stronger and
  better materials, for instance, molded
  containers, films and cushioning. Shifting
  consumer preferences to plastic product due to
  its low cost and high durability is another
  factor which is likely to increase plastic
  additives consumption in the coming years.
  However, the stringent environmental regulations
  and growing awareness about hazardousness of
  plastic shall hamper the product demand over the
  forecast timespan. Oscillating raw material
  prices was another factor which hindered the
  product demand in last few years.

4

Browse Full Research Report On Plastic Additives
Market _at_ https//bit.ly/2AvTvRe Request for
an in-depth table of contents for this report _at_
https//bit.ly/2n88ZRz gminsights.com/request-t
oc/upcoming/1797
5
Continue

• The plastic demand is increasing with every
  passing day due to its multiple, cost efficient
  and effective applications. Plastic products are
  used in various forms and these forms are derived
  through additives addition. The plastic additives
  act as a catalyst or fillers which help to
  increase the plastic properties which are useful
  in variety of applications. Additives enhance the
  plastic properties and make it safer, tougher,
  cleaner, heat UV resistant and antimicrobial.
• The plastic additives market is segmented into
  six categories namely, plasticizers, stabilizers,
  flame-retardants, impact modifiers, antioxidant
  and others. The global plastic additive market
  was led by plasticizers in 2017, owing to its
  extensive use in polymers and are comparatively
  cost-competitive to other additives. The product
  is widely used in commodity plastics to derive
  various end-use products. Some of the commodity
  plastics are polypropylene, polyethylene,
  polystyrene, polymethyl methacrylate and
  polyvinyl chloride.

6
Continue

• Packaging sector accounted for a major market
  share in plastic additives market in 2017 and is
  likely to continue to do so in the coming years.
  Packaging is widely used for household and
  industrial purposes. Globalization and change in
  lifestyle have triggered the product demand in
  packaging industry. Increasing plastic use in
  consumer goods shall propel the plastic additive
  market growth in near future. Commercialization
  of automobile industry and increasing plastic
  additives applications in construction sector may
  fuel the plastic additive market growth during
  the forecast timespan.
• Plastic additives market is highly fragmented and
  major international players are operating in the
  industry which includes, BASF SE, Clariant AG,
  Bayer AG, Songwon Industries Co., Ltd, DowDuPont,
  Albemarle Corporation, Evonik Industries AG,
  Kaneka Corporation, Lanxess, Sabik Imprint, Exxon
  Mobil Corporation, Mitsui Chemicals, Inc. and
  Biesterfield Plastic GmbH. In March 2017, BASF SE
  announced to increase its plastic additives
  production network. It will invest USD 236
  Million globally and as a part of this
  announcement, BASF will invest in a new plastic
  additive plant at its Caojing site in Shanghai,
  China. This plant will have an annual capacity of
  42,000 tons and shall produce associated forms
  and blends, antioxidants. It is expected that
  plant will be fully operational from 2020.

7
Methodology

• Market
  research reports Key analytical components

8
Stay In Touch Website www.gminsights.com Soci
al Media