Plastic Additives Market Size Worth USD 62.17 Billion in 2030

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Plastic Additives Market Size Worth USD 62.17
Billion in 2030
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Market Size USD 39.69 Billion in 2021, Market
Growth at a CAGR of 5.1, Market Trends
Increasing demand for electric vehicles
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
 The global plastic additives market size reached
USD 39.69 Billion in 2021 and register a revenue
CAGR of 5.1 over the forecast period, according
to the latest analysis by Emergen Research. Rapid
urbanization has resulted in rapid growth of the
building and construction industry in a number of
developing countries, which is expected to
continue to drive demand for plastic additives.
Plastic additives enhance the performance and
durability of polymers in a variety of building
applications. Additives are used in paints and
coatings to improve the performance of the
coating film. In addition, rising demand for
flame retardant additives used mostly in the
interiors of buildings is further expected to
drive revenue growth of the market going
ahead. Rapid growth of the automotive industry
and increasing demand for Electric Vehicles (EVs)
had led to surge in sales of EVs. In 2020, about
300,000 EVs were sold, which accounted for around
2 of the U.S. new automobile market, which is
expected to increase at a rapid rate. Over 70 of
the plastics used in automobiles comes mainly
from four polymers, which are polyamides,
polyurethane, polypropylene, and PVC. Engineering
thermoplastics are also used to withstand the
high heat generated by EV power packs.
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Market Summary
Some Key Highlights From the Report On 27
November 2019, Evonik Industries AG engaged in
research and development (RD) to develop
solutions for recycling plastics and rubber. It
is currently working with a disposal company to
optimize the recycling of polyethylene. The
company used its product Vestoplast, which is an
additive and primarily used as adhesives in the
hot melt to improve the impact strength or flow
properties of polyethylene, which can help in
reusing recycled plastic. The stabilizers segment
is expected to register a robust revenue growth
rate over the forecast period owing to rising
demand as a polymer additive to prevent the
degradation of polymers during processing and
retain their physical properties. For instance,
heat stabilizers are added to a polymer to
protect the properties of the plastic from heat
damage, during the manufacturing process.
Heat-stabilizing additives are widely used in
Polyvinyl Chloride (PVC) to preserve strength,
durability, and performance of the polymer. The
high-performance plastics segment registered a
significantly large revenue share in 2021
High-performance plastics are widely used for
parts and components in electrical and
electronics industries and aerospace and
automotive industry. Rising demand for EVs and
increasing adoption of third-generation
semiconductors are some key factors expected to
drive revenue growth of the segment. The market
in Asia Pacific is expected to account for
largest revenue share during the forecast period.
Rapid growth in the construction industry in
countries of the region is expected to drive
demand for plastic additives used in paints and
coatings and flame retardants as well as in other
construction activities. Request Free Sample
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Market Summary
Emergen Research has segmented the global plastic
additives market on the basis of type, plastic
type, and region Type Outlook (Revenue, USD
Billion, Volume, Kilotons, 20192030) Plasticizers
Stabilizers UV Stabilizers Antioxidants Flame
Retardant Blowing Agents Nucleating
Agents Others Plastic Type Outlook (Revenue, USD
Billion, Volume, Kilotons, 20192030) Commodity
Plastics Polyethylene (PE) Polypropylene
(PP) Polystyrene (PS) Polyphenylene Ethers
(PPE) Engineering Plastics High-Performance
Plastics (HPA) Read More_at_ https//www.emergenrese
arch.com/industry-report/plastic-additives-market

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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2027
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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About Us
At Emergen Research, we believe in advancing with
technology. We are a growing market research and
strategy consulting company with an exhaustive
knowledge base of cutting-edge and potentially
market-disrupting technologies that are predicted
to become more prevalent in the coming
decade. Our expertise umbrellas the
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that highlights the existing opportunities in the
market you can capitalize on to stay ahead of
your competitors.
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