Plastic Additives Market
Global Plastic Additives Market Size, Share & Trends Analysis Report by Plastic Type (Polyethylene, Polystyrene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), by Type (Lubricants, Slip Additives, Plasticizers, and Others), and by Application (Packaging, Consumer Goods, Automotive, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global plastic additives market is projected to grow at a modest CAGR of 4.5% during the forecast period. The usage of various types of plastics in medical packaging, food and beverage packaging, and the rising pharmaceutical industry in emerging nations are the key factors driving the plastic additives market. Furthermore, the market is growing as a result of expanding urbanization and rising consumer disposable income. Plastic additives are commonly used in household products, greenhouse films, electronics, consumer goods, containers, toys, and kitchenware.
Impact of COVID-19 Pandemic on Global Plastic Additives Market
The COVID-19 pandemic led to a negative impact on the growth of the global plastic additives market. During the pandemic, the decline in demand for end-products such as plastic construction, and automotive components was witnessed. The temporary shutdown of offices, production units, and construction activity impacted the plastic additives market. For an instance, in December 2020, the general panel of the Supreme court of the kingdom of Saudi Arabia rendered a decision regarding the impact of COVID-19 on construction contracts. The contracts may be modified by the courts with amendments including the following-
Reducing the amount of supply:
If COVID-19 results in the shortage of goods or materials required for the completion of the project in any case, the court may decrease the quality of goods to the extent that those available become sufficient to move the project forward.
Suspension due to the unavailability of materials:
In cases where COVID-19 results in temperature unavailability of materials, the court may decide to suspend obligations that have been affected. Additionally, if a suspension is likely to harm a party, that party may request a termination. Further, there were disruptions in supply chain and logistics operations due to the lockdown imposed by the central government.
Segmental Outlook
The global plastic additives market is segmented based on plastic type, type, and application. By plastic type, the market is segmented as polyvinyl chloride, polypropylene, polyethylene terephthalate, polyethylene, and others. Among plastic types, the polyvinyl chloride segment is expected to have a considerable share in the market during the forecast period. The attributable factors for the growth of the segment include the presence of a larger number of manufacturing facilities. Further, the most commonly used plastics are polyethylene terephthalate and polyethylene. Based on type, the market is segmented as lubricants, slip additives, plasticizers, and others. Further, based on the application the market is segmented as packaging, consumer goods, automotive, and others.
Global Plastic Additives Market Share by Application, 2021 (%)
Packaging Segment Segment to Hold a Prominent Share in the Global Plastic Additives Market
Based on application the market is segmented as packaging, consumer goods, automotive, and others. Among applications, the packaging segment is expected to hold a lucrative share during the forecast period. The use of packaging in the food and beverage industry is a contributing factor to the segment's growth. PET/PETE, high-density polyethylene (HDPE), polyvinyl chloride (PVC), low-density polyethylene (LDPE), polypropylene, and polystyrene are some of the most common polymers used in the packaging business.
Regional Outlook
Geographically, the global plastic additives market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to hold a significant market share. The regional growth of the market is accredited to the changing consumer lifestyle coupled with rising disposable income and rising healthcare expenditure in the economies such as China and India. According to IBEF (India Brand Equity Foundation), India's medical tourism industry is growing at a substantial rate of 22-25% and is estimated to increase its contribution to India's healthcare industry in the future. North America is anticipated to hold a major market share in the global plastic additives market. The well-developed infrastructure and growing investments in the field of packaging are some of the key factors driving the growth of the regional market. Europe is the second-largest market owing to increasing healthcare expenditure.
Global Plastic Additives Market Growth, by Region 2022-2028
Europe is Anticipated to Have a Prominent Share in the Global Plastic Additives Market
Europe is anticipated to hold a prominent share in the global plastic additives market. The regional market's growth factors include the region's healthcare expenditure. According to the EU, Germany's health spending surpassed the $1.25 billion per day level for the first time in 2017. When compared to 2016, the Federal Statistical Office predicted a 4.9% increase in healthcare spending in 2017, bringing the total to $450 billion. The medical packaging industry has benefited from these expenditures and the opening of new hospitals. Moreover, in 2019, healthcare spending surpassed $500 billion. This was equivalent to 11.9% of GDP. It makes it possible to expand universal access to healthcare and strengthen the insurance system. It reflects a rising focus on enhancing the country's healthcare infrastructure.
Market Players Outlook
The key players operating in the global plastic additives market include BASF SE, Clariant AG, Albemarle Corp., Songwon International Co. Ltd., and Lanxess AG among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships, collaborations, and many others to thrive in a competitive environment. For an instance, in 2019, BASF SE and SIBUR entered into a partnership to develop innovative polymer solutions in Russia.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global plastic additives market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Plastic Additives Industry
- Recovery Scenario of Global Plastic Additives Industry
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Geography
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Conclusion
2.3.Porter’s Analysis
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1. Global Plastic Additives Market by Plastic Type
4.1.1.Polyethylene
4.1.2.Polystyrene
4.1.3.Polyvinyl Chloride
4.1.4.Polyethylene Terephthalate
4.1.5.Others (Polycarbonate)
4.2.Global Plastic Additives Market by Type
4.2.1.Lubricants
4.2.2.Slip Additives
4.2.3.Plasticizers
4.2.4.Others (Stabilizers, Flame Retardants)
4.3.Global Plastic Additives Market by Application
4.3.1.Packaging
4.3.2.Consumer Goods
4.3.3.Automotive
4.3.4.Other (Construction)
5.Regional Analysis
5.1.North America
5.1.1.US
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Nouryon Chemicals Holding B.V
6.2.BASF SE
6.3.Dow Chemical Co.
6.4.Exxon Mobil Corp.
6.5.Evonik Industries AG
6.6.Clariant AG
6.7.Songwon Industrial Co. Ltd.
6.8.DuPont de Nemours
6.9.Albemarle Corp.
6.10.Kaneka Corp.
6.11.Lanxess AG
6.12.Solvay SA
6.13.Vonik Industries AG
6.14.MC Group Inc.
6.15.AkzoNobel NV
6.16.Styro Chemical Industries
6.17.. Chemical Industries
1.GLOBAL PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2021-2028 ($ MILLION)
2.GLOBAL POLYETHYLENE BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
3.GLOBAL POLYSTYRENE BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
4.GLOBAL POLYVINYL CHLORIDE-BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5.GLOBAL POLYETHYLENE TEREPHTHALATE BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL OTHERS PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028($ MILLION)
8.GLOBAL LUBRICANTS BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL SLIP ADDITIVES BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL PLASTICIZERS BASED PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
12.GLOBAL PLASTIC ADDITIVES FOR PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13.GLOBAL PLASTIC ADDITIVES FOR CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14.GLOBAL PLASTIC ADDITIVES FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL PLASTIC ADDITIVES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16.GLOBAL PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17.NORTH AMERICAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18.NORTH AMERICAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2021-2028 ($ MILLION)
19.NORTH AMERICAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20.NORTH AMERICAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21.EUROPEAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22.EUROPEAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2021-2028 ($ MILLION)
23.EUROPEAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24.EUROPEAN PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25.ASIA-PACIFIC PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26.ASIA-PACIFIC PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2021-2028 ($ MILLION)
27.ASIA-PACIFIC PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28.ASIA-PACIFIC PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29.REST OF THE WORLD PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY PLASTIC TYPE, 2021-2028 ($ MILLION)
30.REST OF THE WORLD PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
31.REST OF THE WORLD PLASTIC ADDITIVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL PLASTIC ADDITIVES MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL PLASTIC ADDITIVES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL PLASTIC ADDITIVES MARKET, 2022-2028(%)
GLOBAL PLASTIC ADDITIVES MARKET SHARE BY PLASTIC TYPE, 2021 VS 2028(%)
5.GLOBAL POLYETHYLENE BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
6.GLOBAL POLYSTYRENE BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
7.GLOBAL POLYVINYL CHLORIDE-BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
8.GLOBAL POLYETHYLENE TEREPHTHALATE BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
9.GLOBAL OTHERS BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
10.GLOBAL PLASTIC ADDITIVES MARKET SHARE BY TYPE, 2021 VS 2028(%)
11.GLOBAL LUBRICANTS BASED PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
12.GLOBAL SLIP ADDITIVES PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
13.GLOBAL PLASTICIZERS PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
14.GLOBAL OTHER PLASTIC ADDITIVES MARKET SHARE BY REGION, 2021 VS 2028(%)
15.GLOBAL PLASTIC ADDITIVES MARKET SHARE BY APPLICATION, 2021 VS 2028(%)
16.GLOBAL PLASTIC ADDITIVES FOR PACKAGING MARKET SHARE BY REGION, 2021 VS 2028(%)
17.GLOBAL PLASTIC ADDITIVES FOR CONSUMER GOODS MARKET SHARE BY REGION, 2021 VS 2028(%)
18.GLOBAL PLASTIC ADDITIVES FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028(%)
19.GLOBAL PLASTIC ADDITIVES FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2021 VS 2028(%)
20.GLOBAL PLASTIC ADDITIVES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028(%)
21.US PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
22.CANADA PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
23.UK PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
24.FRANCE PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
25.GERMANY PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
26.ITALY PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
27.SPAIN PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
28.ROE PLASTIC ADDITIVES MARKET SIZE, 2021-2028($ MILLION)
29.INDIA PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
30.CHINA PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
31.JAPAN PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
32.ASEAN PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
33.SOUTH KOREA PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
34.REST OF ASIA-PACIFIC PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
35.REST OF THE WORLD PLASTIC ADDITIVES MARKET SIZE, 2021-2028 ($ MILLION)
