Plastic Additives Market Size is projected to reach USD

New York, United States, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Asia-Pacific is expected to be the fastest-growing market for plastic additives during the forecast period. Factors such as increased economic activity, increased use of plastics, and rising industrial output have led to market growth. Concerns regarding recycling remain, which can slow down the growth. The market has been segmented into type, plastic type, and its applications.

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Impact of COVID-19

COVID-19 impact on plastic additives has been adverse. Plastic additives demand is directly dependent on plastic demand, which is related to applications, such as construction, packaging, consumer goods, and automotive, which are severely affected. Government lockdowns and other restrictions have impacted the supply chain and disrupted overall plastic production.

Report Scope

Report Metric	Details
Market Size	USD 37.23 Billion by 2030
CAGR	4.7% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Plastic Type, Application, Region
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	BASF SE, Evonik Industries, Adeka Corporation, Arkema Group, CLARIANT, Croda International Plc, DOW, ExxonMobil Corporation
Key Market Opportunities	Rising Research Activities to Develop Bio-Based Plastics
Key Market Drivers	Substitution of Traditional Material Increased Demand for Plastic

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Regional Analysis

According to Plastics Europe, more than 50% of plastic is produced in Asia-Pacific of which China accounts for 30%. The pandemic's impact on the packaging industry, which holds a dominant share in the plastic additives market, is expected to be positive in the short term as demand for consumer goods and the e-commerce market is rising. However, as governments are still placing restrictions, it would be difficult for production to catch up with the demand eventually increasing the overall cost structure of the market.

Key Highlights

The global plastic additives market size is estimated to reach an expected value of USD 37,235 million by 2030 growing at a CAGR of 4.7% during the forecast period (2022-2030).
By type, the global market is further segmented into lubricants, processing aids, flow improvers, slip additives, antistatic additives, pigment wetting agents, filler dispersants, antifog additives, plasticizers, and others.
Plastic type-wise, the global plastic additives market is categorized into polyethylene, polystyrene, polypropylene, polyamides, polyethylene terephthalate, polyvinyl chloride, polycarbonate, and others.
Based on the application, the global plastic additive market is classified into Packaging, Consumer Goods, Construction, Automotive, and Other. Among these applications, packaging possesses market supremacy.
The packaging segment holds the largest share in the global plastic additives market.
Asia-Pacific holds the largest market share and is estimated to grow at a CAGR of 4.4% during the forecast period.

Key Players

Songwon Industrial Co. Ltd
Albemarle Corporation
Clariant AG
BASF SE
The Dow Chemical Company
Bayer AG
Evonik Industries AG
Kaneka Corporation
Lanxess AG
Polyone Corporation
Eastman Chemical Company
Blackwell Plastics.

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Global Plastic Additive Market Segmentation

By Type

Plasticizers
Stabilizers
Flame Retardants
Impact Modifiers
Others

By Plastic

Commodity Plastic
Engineering Plastic
High-Performance Plastic

By Application

Packaging
Automotive
Consumer Goods
Construction
Others

By Region

- North America
- Europe
- Asia-Pacific
- Central and South America and the Caribbean
- The Middle East
- Africa

TABLE OF CONTENT

Introduction
1. Market Definition
2. Market Scope
Research Methodology
1. Primary Research
2. Research Methodology
3. Assumptions & Exclusions
4. Secondary Data Sources
Market Overview
1. Report Segmentation & Scope
2. Value Chain Analysis: Plastic Additives Market
3. Key Market Trends
  1. Drivers
  2. Restraints
  3. Opportunities
4. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of Substitution
  4. Threat of New Entrants
  5. Competitive Rivalry
5. Market Share Analysis
Type Overview
1. Introduction
  1. Market Size & Forecast
2. Lubricants
  1. Market Size & Forecast
3. Processing Aids
  1. Market Size & Forecast
Plastic Type Overview
1. Introduction
  1. Market Size & Forecast
2. Polyethylene
  1. Market Size & Forecast
3. Polystyrene
  1. Market Size & Forecast
Regional Overview
1. Introduction
  1. Market Size & Forecast
2. America
  1. North America
  2. U.S.
    1. By Type
    2. By Plastic Type
  3. Canada
    1. By Type
    2. By Plastic Type
  4. Mexico
    1. By Type
    2. By Plastic Type
  5. Latin America
    1. By Type
    2. By Plastic Type
3. Europe
  1. Market Size & Forecast
  2. Germany
    1. By Type
    2. By Plastic Type
  3. France
    1. By Type
    2. By Plastic Type
  4. U.K.
    1. By Type
    2. By Plastic Type
  5. Italy
    1. By Type
    2. By Plastic Type
  6. Spain
    1. By Type
    2. By Plastic Type
  7. Rest of Europe
    1. By Type
    2. By Plastic Type
4. Asia Pacific
  1. Market Size & Forecast
  2. Japan
    1. By Type
    2. By Plastic Type
  3. China
    1. By Type
    2. By Plastic Type
  4. Australia
    1. By Type
    2. By Plastic Type
  5. India
    1. By Type
    2. By Plastic Type
  6. South Korea
    1. By Type
    2. By Plastic Type
  7. Rest of Asia-Pacific
    1. By Type
    2. By Plastic Type
5. Middle East & Africa
  1. Market Size & Forecast
  2. Saudi Arabia
    1. By Type
    2. By Plastic Type
  3. South Africa
    1. By Type
    2. By Plastic Type
  4. Kuwait
    1. By Type
    2. By Plastic Type
  5. Rest of Middle East & Africa
    1. By Type
    2. By Plastic Type
Company Profile
1. BASF SE
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
2. Evonik Industries
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
3. Adeka Corporation
  1. Company Overview
  2. Financial Performance
  3. Recent Developments
  4. Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/plastic-additives-market/toc

Recent Developments

June 2022- Optimized grade of BASF’s Ultramid® polyamide enabled more sustainable painting of automotive parts.
June 2022- Evonik launched sustainable liquid polybutadienes with POLYVEST® eCO.

News Media

Adoption of Bioplastics and Biopolymers Thrive Towards Sustainability Goals

Global Plastic Resin Market Size Worth USD 1,104 Billion in 2030 | CAGR of 4.5%

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Plastic Additives Market Size is projected to reach USD 37.23 Billion by 2030, growing at a CAGR of 4.7%: Straits Research

The global plastic additives market size was worth USD 24.58 billion in 2021. It is estimated to reach an expected value of USD 37.23 billion by 2030 growing at a CAGR of 4.7% during the forecast period (2022-2030).

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Plastic Additives Market Size is projected to reach USD 37.23 Billion by 2030, growing at a CAGR of 4.7%: Straits Research

The global plastic additives market size was worth USD 24.58 billion in 2021. It is estimated to reach an expected value of USD 37.23 billion by 2030 growing at a CAGR of 4.7% during the forecast period (2022-2030).

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