What is Plastic Additives Market Scope?
Plastic Additives are the chemicals which are added in different types of polymers and are used as a packaging material such as plasticizers, flame retardants, antioxidants among others. The main objective of these additives is to improve the processing characteristics and the properties of plastic. These Additives are classified as reinforcing fibers, coupling agents, stabilizers, colorants, fillers, etc. Plastic additives help in enabling safe handling of the plastic during the manufacture of finished products. A rising application which contains plastic additivities is driving the market for these additives.
The Plastic Additives market study is being classified by Type (Plasticizers, Stabilizers, Flame retardants and Impact modifiers), by Application (Packaging, Construction, Consumer Goods and Automotive) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Germany will contribute to the maximum growth of Global Plastic Additives market throughout the predicted period.
Songwon Industrial Co. Ltd. (South Korea), Albemarle Corporation (United States), Clariant AG (Switzerland), BASF SE (Germany), The Dow Chemical Company (United States), Bayer AG (Germany), Evonik Industries AG (Germany), Kaneka Corporation (Japan) and Lanxess AG (Germany) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Plastic Additives market by Type, Application and Region.
On the basis of geography, the market of Plastic Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Adoption of Light Weighted, Availability in Different Colors, Low Reactivity, Chemical, and Moisture Resistance Packaged Materials
Market Drivers
- Increased Use of Plastics in Several Applications
- Increasing Disposable Income and Rapid Urbanization
- Rising Demand from Different Industries Mostly In Asia-Pacific Regions
Opportunities
- Untapped Opportunities in Emerging Markets for Packaging
- Increasing Demand from Agricultural and Pharmaceutical Applications
Restraints
- Stringent Governmental Regulations Governing the Use of Plastic
Challenges
- Issue Related to the Uncertain Low Phthalate Plasticizer Demand in Asia-Pacific Region
- Recycling of Non-Degradable Plastics Waste
Key Target Audience
Plastic additives manufacturers, Plastic additives suppliers, Government and research organizations, Plastic additives traders, distributors, and suppliers, Investment banks and private equity firms, Raw material suppliers, Service providers and End users
Customization available in this Study:
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