The global plastic additives market is anticipated to grow significantly at a CAGR of 4.5% over the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For an instance, in April 2021, Songwon Industries Co. Ltd. expanded its Cheminox distribution relationship to encompass Bangladesh, Nepal, and Sri Lanka. Songflame WB 201, a solvent-free, aqueous flame retardant, was also launched by the company in March 2020. It is utilized in textile applications that require flame retardant qualities and is developed for coating, adhesives, sealants, and elastomers. To save fossil resources and cut CO2 emissions, BASF SE released biomass-balanced plasticizers with renewable raw materials in April 2021.
Browse the full report description “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) ” at https://www.omrglobal.com/industry-reports/plastic-additives-market
Market Coverage
Segment Covered-
Regions Covered-
Regions Covered-
Competitive Landscape- BASF SE, Clariant AG, Albemarle Corp., Songwon International Co. Ltd., and Lanxess AG among others.
Key questions addressed by the report
oRecovery Timeline
oDeviation from the pre-COVID forecast
oMost affected region/segment
Global Plastic Additives Market – Segmentation
By Plastic Type
By Type
By Application
Global Plastic Additives Market – Segmentation by Region
North America
Europe
Asia-Pacific
Rest of the World
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