Plastic Additives Market Share, Developments Status, Size, Growth Probability And Forecast To 2029
An analysis of the present market conditions and trends in the Plastic Additives Market business is given in this study. In-depth analyses of pertinent data sources, including industry publications, governmental statistics, and business financial statements, were done as part of the research. The research also features opinions and views from stakeholders and experts in the business. According to the report's results, the industry is expanding steadily and has a promising future. However, the report also identifies and discusses a number of hazards and problems. This report's main goals are to give readers a thorough overview of the state of the Plastic Additives Market industry today and to help decision-makers spot areas for expansion and development.
Plastic Additives Market size was valued at USD 49.46 Bn. in 2021 and the total Market revenue is expected to grow by 4.8% from 2022 to 2029, reaching nearly 71.97 Bn.
Plastic Additives Market Overview:
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Market Scope:
The market report contains yearly projections through 2029 as well as insights into each of the key end users of the Plastic Additives Market Trends. The analysis projects the revenue, sales, and growth rate for the global Plastic Additives Market. Additionally provided are forecasts for the market's product, application, and regional segments. Forecasts are made to help people comprehend the prospects and opportunities for the sector.
Segmentation:
Plasticizers, stabilisers, flame retardants, and impact modifiers are the different market segments for plastic additives. Plasticizers are anticipated to maintain their dominance in the global plastic additives market, both in terms of value and volume, due to the large use of plasticizers in high-volume flexible PVC products. In order to prevent polymeric materials from deteriorating in the presence of heat, ultraviolet (UV) light, and oxidation during the course of the product's lifecycle, stabilisers, which are high-value, low-volume chemicals, are routinely added.
Key Players:
• Lanxess AG (Germany)
• Biesterfield Plastic GmbH (Germany)
• Evonik Industries AG (Germany)
• BASF SE (Germany)
• Altana AG (Germany)
• Clariant AG (Switzerland)
• Albemarle Corporation (US)
• ExxonMobil Chemical (US)
• The Dow Chemical Company (US)
• Cabot Corporation (US)
• Ferro Corporation (US)
• Chevron Phillips Chemical Company LLC (US)
• Arkema Group (France)
• Italmatch Chemicals SpA (Italy)
• Nouryon (Netherlands)
• Grupa Azoty S.A. (Poland)
• Kaneka Corporation (Japan)
• Mitsui Chemicals (Japan)
• DIC Corporation (Japan)
• Kao Corporation (Japan)
• Toray Industries (Japan)
• Songwon Industrial Co. Ltd. (South Korea)
• LG Chem Ltd. (South Korea)
• Sennics Co., Ltd. (Thailand)
• SABIC (Saudi Arabia)
Regional Analysis:
In the geographical overview of the Plastic Additives market analysis, specific market influencing factors and regulatory changes that have an impact on current and future market trends are also included. Current and upcoming trends are studied to evaluate the market's potential overall and find lucrative patterns to establish a firmer footing. The geographic market assessment is based on the current situation and anticipated changes.
COVID-19 Impact Analysis on Plastic Additives Market:
End-user industries using Plastic Additives industry saw a decline in growth from January 2020 to May 2020 as a result of a halt in operations. These nations included China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. The demand for Plastic Additives manufacturers also decreased significantly as a result, which had a negative impact on the growth of the Plastic Additives market in 2020. Lockdowns and an increase in COVID-19 events globally have decreased end-user business demand for Plastic Additives.
Key Questions Answered in the Plastic Additives Market Report are:
- What are the most promising high-growth opportunities in the global Plastic Additives sector, as defined by product category, End User, and Region?
- Which Plastic Additives market segments will expand the fastest, and why?
- Which regions will have the fastest growth, and why?
- What are the primary elements influencing Plastic Additives market dynamics? What are the primary drivers and obstacles in the Plastic Additives market size?
- What are the Plastic Additives market's weaknesses and threats?
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