The global plastic additives market is projected to reach US$66.6 billion in 2032, growing by 4.6 GR during the forecast period. A significant volume of plastic produced around the world drives sales of plastic additives to improve the quality and functionality of various materials.
The expansion in the construction sector, the increase in the production of electric vehicles, and the continuous development in the packaging sector will increase the growth of the market.
Increasing demand for polyethylene, polypropylene, polyvinyl chloride, and other types of plastics for packaging applications will boost sales of additives.
With increasing investment from major players in emerging markets, the inflow of foreign direct saand les increased investment in the automotive and packaging sectors are forecast to show good market growth over the forecast period.
“The growing demand for packaging materials for various applications, together with the increase in production of specialty chemicals worldwide, will boost sales in the market in the coming years,” says an analyst from FMI
Leading manufacturers of plastic additives include BASFSE, Clariant AG, Albemarle Corporation, Songwon Industrial Co., Ltd., Nouryon, LANXESS AG, Evonik Industries AG, Kaneka Corporation, Dow, SABIC, ExxonMobil, Mitsui Chemicals, and Badische Anilin- und SodaFabrik SE.
Key players are focused on expanding their production capacity to increase their global footprint and increase sales. In addition, gamers also invest in product innovations.
Plastic Additive Market Segmentation
By Product Type:
- Flame Retardants
- Impact Modifiers
- Fillers and Thickeners
- Nucleating Agents
- Consumer Goods
By Plastic Type:
- Ethylene Vinyl Acetate
- Polyethylene Terephthalate
- Engineering Plastic
Learn more about Plastic Additives Market Report
In its latest report, Future Market Insights provides an unbiased analysis of the global Plastic Additives Market with historical data from 2017 to 2021 and forecast statistics for the period from 2022 to 2032. To understand the potential, growth, and scope of the global market, the market is segmented by product type, application, plastic-type, and region.