Report Highlights
The global market for plastics additives reached $58.9 billion in 2023. The market is expected to grow from $61.5 billion in 2024 to $80.7 billion by 2029, at a compound annual growth rate (CAGR) of 5.6% from 2024 through 2029.
Report Includes
- 145 data tables and 52 additional tables
- An analysis of the global market trends for plastics additives, with market revenue data for 2023, estimates for 2024, forecast for 2025, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by product type, application, end-user industry, and region
- Facts and figures pertaining to the market dynamics, technological advances, environmental regulations, and the impact of macroeconomic variables
- Insights derived from the Porter’s Five Forces model, as well as global supply chain analyses
- Pricing analysis of raw materials and the basic feedstock of plastics additives
- A chapter on emerging trends and applications of thermoset and thermoplastics, and patent activity and new developments
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes and ESG scores and ESG practices of leading companies
- Analysis of the industry structure, including companies’ market shares, strategic alliances, M&A activity and a venture funding outlook
- Profiles of the market leaders, including BASF, Avient Corp., Dow, Lanxess Group, and Evonik Industries AG
Report Scope
This report analyzes the present state of the global market for plastics additives, and it forecasts the growth of this market from 2024 through 2029. The principal purpose of plastic additives is to enhance the properties of plastic products, such as their durability, flexibility, thermal stability and heat resistance, among many others, to both extend the life of these products and enable them to be customized to meet the requirements of different applications. The effective use of the plastics additives can ensure the stable and reliable manufacturing of end products. Thus, plastics additives not only contribute to improving cost-effectiveness, but also have the potential to create new opportunities for manufacturers on a global scale.
For this analysis, the global plastics additives market was segmented by product type, application and end user into the following categories:
- Product type: plasticizers, fillers and reinforcements, flame retardants, impact modifiers, antioxidants, heat stabilizers, colorants, lubricants, light stabilizers, biocides, antistatic agents and others.
- Application: packaging, wire and cable, films and sheets, floor/wall/roof covering, extrusion and others.
- End user: construction, transportation, electronics and electrical, consumer goods, medical and healthcare and others.
In addition, this report covers the global plastics additives market’s current dynamics, the strategies and trends driving the demand for plastics additives, the key manufacturers of these products, recent ESG developments, and the regulatory and competitive landscapes that companies in this market are operating within. It also provides brief profiles of the major global manufacturers in this market. The plastics additives market is also analyzed from international and regional perspectives to understand the industry’s growth potential. To that end, the report segments the market by region into the following areas: North America, Europe, Asia-Pacific and the Rest of the World (RoW).
In this report, market estimates and sizes are provided in terms of value ($ millions), and market forecasts are given for 2024 through 2029, with 2023 serving as the base year. Regional-level market sizes, with respect to product type, applications and end user, are also provided.
Report Synopsis
Report Metrics | Details | ||||||||||||||||
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Base year considered | 2023 | ||||||||||||||||
Forecast period considered | 2024-2029 | ||||||||||||||||
Base year market size | $58.9 Billion | ||||||||||||||||
Market size forecast | $80.7 Billion | ||||||||||||||||
Growth rate | CAGR of 5.6% from 2024 to 2029 | ||||||||||||||||
Units considered | $ Millions | ||||||||||||||||
Segments covered | By Product Type, Application, End User, and Region | ||||||||||||||||
Regions covered | North America, Europe, Asia-Pacific and the Rest of the World (RoW) | ||||||||||||||||
Key Market Drivers |
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Companies studied |
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Frequently Asked Questions (FAQs)
- Growing demand for plastics additives from Industries.
- Increasing plastic consumption in emerging economies.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for plastic additives should grow from $60.7 billion in 2020 to reach $77.7 billion by 2025 at a compound annual growth rate (CAGR) of 5.1% for the period of 2020-2025.
Report Includes
- 68 data tables and 21 additional tables
- A comprehensive study and in-depth analysis of the global markets for plastics additives
- Analyses of global market trends with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Information pertaining to supply and pricing of raw materials and the basic feedstock of various plastics additives
- Key insight into the environmental and regulatory aspects of various plastics additives types
- Market analysis and revenue forecasts on the basis of type of technology type, application, end use industry, and geographical region covering North America, Europe, Asia-Pacific and emerging economies from rest of the world (RoW)
- Review of relevant patent data and IPRs covering significant allotments of the U.S. patents on plastics additives
- Emphasis on new developments within plastics additives technologies and coverage of newer/emerging applications of both thermoset plastics and thermoplastics
- Recent merger and acquisition details, partnership activities, and economic outlooks of existing manufacturers that shape and influence the global marketplace
- Company profiles of market leading players, including A&C Catalysts, BASF SE, China General Plastics Corp., The Dow Chemical Co, UBE Industries Ltd.
Report Highlights
The global plastics additives market should reach nearly $68.8 billion by 2022 from $53.3 billion in 2017 at a compound annual growth rate (CAGR) of 5.2% for the period 2017-2022.
Report Includes
- 75 data tables and 15 additional tables
- An overview of the global as well as regional markets for plastics additives
- Analyses of global market trends, with data from 2016 to 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Evaluation of the market's dynamics, specifically growth drivers, inhibitors, and opportunities
- Insight into the supply and pricing of raw materials, as well as information concerning the basic feedstock of various plastics additives
- Information about the environmental and regulatory aspects of different types of plastics additives
- A look at the effects of various factors on the supply chain, value, and demand for plastics additives
- Comprehensive company profiles of major players in the market, including Adeka Corp., BASF SE, Chevron Phillips Chemical Co., The Dow Chemical Co., Eastman Chemical Co., Holliday Pigments SA, KOLON Plastics Inc., Lucite International Ltd., Mitsui Chemicals Inc., Regain Polymers Ltd. and Wilshire Technologies, Inc.
Report Highlights
The global market for plastics additives was valued at $48.2 billion in 2015. This market is estimated to grow from nearly $50.6 billion in 2016 to $64.6 billion by 2021 with a compound annual growth rate (CAGR) of 5.0 % for the period of 2016-2021.
Report Includes
- An overview of the global as well as regional markets for plastics additives.
- Analyses of global market trends, with data from 2014, 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Evaluation of the market's dynamics, specifically growth drivers, inhibitors, and opportunities.
- Information on the supply and pricing of raw materials as well as information concerning the basic feedstock of various plastics additives.
- Information about the environmental and regulatory aspects of different types of plastics additives.
- A look at the effects of various factors on the supply chain, value and demand for plastics additives.
- Profiles of major players in the industry.
Report Highlights
The global market for plastics additives was valued at $43.4 billion in 2013, and is expected to reach $47.7 billion in 2015 and $60.3 billion by 2020, a compound annual growth rate (CAGR) of 4.8% over the five-year period from 2015 to 2020.
Report Includes
- An overview of the global as well as regional markets for plastics additives.
- Analyses of global market trends, with data for 2013, estimates and projections of data for 2015 and 2020, and projections of CAGRs for the period 2015 to 2020.
- Help identifying various growth opportunities in the field of plastics additives.
- Information on the supply and pricing of raw materials as well as information concerning the basic feedstock of various plastics additives.
Report Highlights
The total market for plastics additives is projected to increase from $39.6 billion in 2011, to $41.3 billion in 2012, to more than $43.1 billion in 2013, and to nearly $54.7 billion in 2018 yielding a compound annual growth rate (CAGR) of 4.9% for a period of five years, from 2013 to 2018.
Report Highlights
- The global market for plastics additives is expected to increase from $36.2 billion in 2008 to an estimated $37.4 billion in 2009, and $45.8 billion in 2014, for a compound annual growth rate (CAGR) of 4.1%.
- Property modifiers have the largest share of the market, worth $18.2 billion in 2008 and an estimated $18.7 billion in 2009. This is expected to increase at a CAGR of 4.1% to reach $22.9 billion in 2014.
- The property stabilizers segment is the second largest, generating $12.1 billion in 2008 and an estimated $12.6 billion in 2009. This segment should reach $15.4 billion in 2014, for a CAGR of 4.2%.
Report Highlights
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Plastic additives encompass a wide variety of materials added to plastic resins in order to enhance the quality of these resins. The materials can be classified as modifiers, property extenders, and processing aids. A complete list of these additives indicates the 32 types of additives that are used commercially.
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The consumption level of plastic additives follows the consumption level of plastic resins. Plastic resin production in the U.S. was 29.1 billion lb. in 1973, 59.7 billion lb. in 1988, and 100.9 billion lb. in 2000 — a growth rate of 4.7% annually during 27 years. This type of growth parallels the consumption level of additives, although the use of some additive types is growing more rapidly than others.
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U.S. additives sales expected to grow at 3.5% annually to reach $5.5 billion in 2005. World markets for these additives are 35% in Asia, 28% in North America, 25% in Europe, and the rest of the world at the remaining 12%. These figures indicate that the world market for these additives in 2000 has a value of about $16.4 billion.
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