THE PLASTIC ADDITIVES MARKET WAS VALUED AT USD 28.53 BILLION IN 2020 AND IS EXPECTED TO REACH USD 38.77 BILLION BY 2026 GROWING AT A CAGR OF 5.24%

The Plastic Additives Market Research Report Includes Size, Share, & Trends Analysis Report by Additive Type (Flame Retardants, Heat Stabilizers, Impact Modifiers, and Processing Aids, Lubricant and Slip Additives, Antioxidants, Blowing Agents, Antistatic Agents, Light Stabilizers and Others), by Plastic Type (Commodity Plastic (Polyethylene, Polypropylene, Polyvinyl Chloride, and Polystyrene) Engineering Plastic (Polyamide, Polycarbonates, Acrylonitrile Butadiene, Polyacetal, Polyoxymethylene, and Polyethylene Terephthalate) and High-Performance Plastic (High-Performance Polyamide, Polyphenylene sulfide (PPS), Liquid crystal polymer, and Polyimides), by Application (Packaging, Consumer Goods, Construction, Automotive, and Others), and by Geography (North America, Europe, APAC, Latin America, Middle East & Africa) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.

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Most Exhaustive Report

309 Pages

147 Tables

111 Charts

5 Regions

16 Countries

25 Companies

4 Market Segment

PLASTIC ADDITIVES MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 38.77 billion (2026)
CAGR 5.24% (2021-2026)
BASE YEAR 2020
FORECAST YEAR 2021-2026
MARKET SEGMENTS By Additive Type (Flame Retardants, Heat Stabilizers, Impact Modifiers and Processing Aids, Lubricant and Slip Additives, Antioxidants, Blowing Agents, Antistatic Agents, Light Stabilizers and Others), by Plastic Type (Commodity Plastic (Polyethylene, Polypropylene, Polyvinyl Chloride, and Polystyrene), Engineering Plastic (Polyamide, Polycarbonates, Acrylonitrile Butadiene, Polyacetal, Polyoxymethylene, and Polyethylene Terephthalate) and High-Performance Plastic (High Performance Polyamide, Polyphenylene sulfide, Liquid crystal polymer, and Polyimides)), and by Application (Packaging, Consumer Goods, Construction, Automotive, and Others)
GEOGRAPHIC ANALYSIS APAC, Europe, North America, Latin America, Middle East & Africa
COUNTRIES COVERED China, India, Japan, South Korea, Germany, Italy, France, Spain, UK, US, Canada, Brazil, Mexico, Saudi Arabia, UAE, South Africa

PLASTIC ADDITIVES MARKET OVERVIEW

The plastic additives market was valued at USD 28.53 billion in 2020 and is expected to reach USD 38.77 billion by 2026 growing at a CAGR of 5.24%. Due to the growing population, rapid urbanization, and rising middle-class incomes, APAC countries will witness robust demand for plastic additives by end-user markets. To increase the innovative applications and for bioplastics, there will be heavy investments in the research and development of plastic additives in the forecast period.  Thus, product growth is expected to remain stable and rising. Also, the innovation and usability of the additives for plastic have increased. This is the only reason why commodity plastics like Polyethylene, Polypropylene, PVC, or Polystyrene can be used in various engineering and even high-performance applications.

KEY HIGHLIGHTS

  • Various regulations for the VOCs and toxic elements in the plastics have made it necessary for the vendors and manufacturers to invest in bio-based plastics.
  • Due to their reliability, longevity, light weightiness, and cost-effectiveness, plastics are replacing materials such as wood and metal more and more often, especially in the construction industry. This will fuel market growth. 
  • Sectors such as packaging, consumer goods, and building and construction will emerge as major consumers of plastic additives. Factors such as fast-paced consumer lifestyle and technological advances will drive the demand for flexible packaging, e-commerce packaging, food and beverage packaging. 
  • The primary reason why plastics demand is increasing for the manufacture of automotive is to make up for better fuel efficiency because of rising prices for fuel and stricter environmental regulations. 
  • China is the world’s largest consumer of plastic. The transition of the country from communist to services and the consumer-driven economy will provide tremendous growth opportunities in construction projects in the healthcare, education, social infrastructure, retail, and other end-use markets.

PLASTIC ADDITIVES MARKET SEGMENTS

The plastic additives market report includes detailed segmentation by-

  • Additive Type
  • Plastic Type
  • Application
  • Geography

PLASTIC ADDITIVES MARKET SEGMENTATION

  • Lubricant and Slip additives are used in various classes of plastic resins and most profoundly in the commodity plastics for packaging usages. Populus countries of the Asia Pacific will add to the benefit of the market. Rapid urbanization and increasing population will aid the use of plastic resins for packaging purposes and thus will help the market for lubricants and slip additives to flourish in the future. 
  • Although the most widely used polyolefin, Polyethylene has only been categorized as a commodity plastic. There has been a tremendous increase in the consumption of Polyethylene at low cost in non-engineering applications like packaging and consumer goods. This is because of innovations to develop better and enhanced additive solutions.
  • PVC plastic additives is the world’s 3rd most widely produced synthetic plastic polymer. The rigid PVC is used in applications like construction for pipes, doors, windows, bottles, non-food packaging, cards, and food covering sheets. While when blended with PVC plastic additive, the flexible PVC is used in plumbing, imitation leather, flooring, signage, phonograph records, electrical cable insulation, as a replacement for rubber, canvas, etc.
  • Packaging forms the largest segment for plastic additives. Plastics are mostly preferred for packaging as they are lightweight. Plastic additives form an important contributor for plastics to deliver what is expected of them. In many crucial end-use sectors like healthcare, even a minute lag can result in fatal incidents.

GEOGRAPHICAL ANALYSIS

  • APAC: APAC accounts for more than 50% of the share in the global plastic additives market. India and China will lead the market in this segment. An increase in demand for electric cars will be another factor that will boost the growth of plastic additives in APAC. It is forecasted that China will manufacture 13 million electric vehicles in 2023. This will drive the demand for plastic additives in the market. 
  • Europe: Germany accounted for the largest share, around a quarter of the total plastic additive market in Europe. The Automotive industry of Germany stood at a whopping USD 522.36 billion in 2020. Given this stat and the extensive usage of automotive plastics additives in the automotive industry, this will be the country's key market for plastic additives. The German packaging industry is set to see an upward growth due to the rise in demand for packaged food and personal care products. The rise in the trend of the nuclear family or single-person households has also fostered the necessity of packaged beverages and food. 

VENDOR ANALYSIS

  • The key companies in the plastic additives industry are BASF SE, SONGWON, Clariant AG, Albemarle Corporation, and ExxonMobil. 
  • Songwon is a market leader in plastic additives, and more than 60% of the total revenue is due to the virtue of polymer additives stabilizers. This dominancy in the market is due to its expertise in delivering quality products for various applications. 
  • Due to environmental concerns such as greenhouse emissions, ExxonMobil is investing in the research and development of biodegradable solutions. 
  • Companies must enter collaborative partnerships as a key strategy to ensure a sustainable presence in the market. Such partnerships or acquisitions will ensure mutual transfer of technologies and delivery of a better product. 
  • Companies should look into investing in plastic additives as plastics, if combined with additives like flame retardants plastics, impact modifiers, UV stabilizers, antioxidants, etc., can offer several added advantages over conventional materials. 
  • Valtris Specialty Chemicals is a leading manufacturer and provider of specialty chemicals, serving diverse industries as building and construction, packaging, consumer goods, automotive and transportation, and oilfield additives.

The plastic additives market report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Market segmentation by Additive Type

  • Flame Retardants
  • Heat Stabilizers,
  • Impact Modifiers and Processing Aids
  • Lubricant and Slip Additives
  • Antioxidants
  • Blowing Agents
  • Antistatic Agents
  • Light Stabilizers
  • Others

Market segmentation by Plastic Type

  • Commodity Plastic
    • Polyethylene
    • Polypropylene
    • Polyvinyl Chloride
    • Polystyrene
  • Engineering Plastic
    • Polyamides
    • Polycarbonates
    • Acrylonitrile Butadiene
    • Polyacetal
    • Polyoxymethylene
    • Polyethylene Terephthalate
  • High-Performance Plastic
    • High Performance Polyamide
    • Polyphenylene sulfide
    • Liquid crystal polymer
    • Polyimides

Market segmentation by Application

  • Packaging
  • Consumer Goods
  • Construction
  • Automotive
  • Others

Market segmentation by Geography

  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • UK
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Frequently Asked Questions

The plastic additives market was valued at USD 28.53 billion in 2020 and is expected to reach USD 38.77 billion by 2026.
APAC region has the highest market share in plastic additives.
The key players in the global plastic additives industry are BASF SE, SONGWON, Clariant AG, Albemarle Corporation, and ExxonMobil.
The different segments covered in the plastic additives market are flame retardants, plastic-type, application, geography, etc.
The key driving factors driving the growth of the plastic additives industry are cost-effectiveness and commercialization, innovative product applications, and rising demand in APAC and other regions.
The applications in the plastic additives market are packaging, consumer goods, construction, automotive, and others.
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