The global plastic additives market size reached USD 39.69 Billion in 2021 and register a revenue CAGR of 5.1% over the forecast period. In a number of emerging nations, rapid urbanisation has caused the building and construction sector to expand quickly. This is projected to continue to fuel demand for plastic additives. The performance and durability of polymers are improved by plastic additives in a range of architectural applications. In order to enhance the performance of the coating layer, additives are employed in paints and coatings. Additionally, increased demand for flame retardant additives, which are mostly used in building interiors, is anticipated to fuel market revenue growth in the coming years.
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Sales of electric vehicles (EVs) have increased dramatically as a result of the automotive industry’s rapid expansion and rising consumer demand for EVs. About 300,000 EVs were sold in 2020, accounting for 2% of the nation’s new car market, which is projected to grow quickly. Polyamides, polyurethane, polypropylene, and PVC make up the majority of the four polymers that make up the more than 70% of the plastics used in automobiles. Another material used to survive the intense heat produced by EV power packs is engineering thermoplastic. Additionally, when constructing automobile components, polymers like Polyether Ether Ketone (PEEK) and Polytetrafluoroethylene (PTFE) can be utilised in place of metals due to their heat resistance.
The Global Plastic Additives Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Plastic Additives Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Plastic Additives Market industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2021.
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Some major companies in the global market report include BASF SE, Clariant AG, The Dow Chemical Company, Albemarle Corporation, Songwon Industrial Co., Ltd., ExxonMobil Chemical, DuPont de Nemours, Inc., Nouryon, Lanxess AG, Evonik Industries AG, and Kaneka Corporation.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Plastic Additives Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Emergen Research has segmented the global plastic additives market on the basis of type, plastic type, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Plasticizers
Stabilizers
UV Stabilizers
Antioxidants
Flame Retardant
Blowing Agents
Nucleating Agents
Others
Plastic Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Commodity Plastics
Polyethylene (PE)
Polypropylene (PP)
Polystyrene (PS)
Polyphenylene Ethers (PPE)
Engineering Plastics
High-Performance Plastics (HPA)
Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)
Packaging
Consumer Goods
Construction
Automotive
Others
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type & applications
Chapter 9: Current and Future Trends
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