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Plastic Additives Market - By Type (Antioxidants, Plasticizers, Stabilizers, Flame retardants, Rheology), By End Use (Automotive, Construction, Textiles, Agriculture), By Plastic type (Polystyrene, PVC, polypropylene, others) - Global Forecasts to 2032

  • Report ID: GMI5471
  • Published Date: Mar 2023
  • Report Format: PDF

Plastic Additives Market Size

Plastic Additives Market size surpassed USD 55 billion in 2022 and is poised to observe nearly 4.5% CAGR from 2023 to 2032. High adoption of plastic additives in the automotive sector will drive market development.

Plastic Additives Market

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Increasing use of plastic across various sectors due to its exceptional properties will influence market growth. Plastic is replacing traditional materials like metal, glass, and paper in these industries at a faster rate owing to its extraordinary attributes including strength, dependability, flexibility, and resistance to heat and pressure. Several sectors including automotive, construction, textile, electrical & electronic, agricultural, and packaging, use plastic additives for multiple purposes.

New rules and restrictions on the consumption of petroleum-based polymers will have positive impact on the plastic additives market. The U.S. Environmental Protection Agency (EPA) states that the packaging materials like plastics, coatings, papers, etc. need to be deemed safe for food packaging usage. Numerous scientific studies have discovered limitations on various plastic additives, including specific kinds of plasticizers and flame retardants. Due to various laws, it is predicted that the market will gradually phase out these flame retardants.

Plastic Additives Market Analysis

Plastic additives market, By Type

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Plastic additives market from the plasticizers segment is estimated to register 5% CAGR from 2023 to 2032. Eco-friendly plasticizers are anticipated to be the future of plasticizer businesses as companies are focusing from an environmental perspective. Environmentally friendly plasticizers provide a range of characteristics, including good thermal stability, weather resistance, and waterproofing with good electrical resistivity. PVC, the third largest polymer by volume after PP and PE, is where plasticizers are most frequently utilized. Without changing the underlying chemical makeup of the plasticized material, plasticizers reduce the viscosity of the polymer melt, the elastic modulus, the glass transition temperature (Tg), and the melting temperature (Tm) of the end product which increases the flow and thermoelectricity.


Plastic additives market revenue from the automotive end-use segment is expected to surpass USD 25 billion by 2032. Plastic can replace automated parts made of materials like metals and aluminum. By using the right proportions of additives, colorants, agents, and fillers, plastic's properties have been improved. It is often utilized in the automotive sector for a variety of applications, including exterior, interior, under-the-hood, and electronic and electrical components owing to its various advantages like lightweight and flexibility. The requirement for plastic parts in the automotive sector will continuously increase due to the growing demand for electric vehicles and lightweight components in the sector.


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plastic additives exceeded USD 55 billion in 2022 and is poised to observe nearly 4.5% CAGR from 2023 to 2032.

The automotive end-use segment is expected to surpass USD 25 billion by 2032 as it has the ability to replace automated parts made of different materials including metals and aluminum.

Asia Pacific plastic additives market is predicted to record nearly 4% growth rate between 2023 and 2032 expanding population and construction activities across countries such as China, India, and Southeast Asia.

Clariant Ltd., Kaneka Corp., Songwon Industrial Co., Ltd, DOW Plastic Additives, LANXESS AG, BASF, Evonik Industries AG, EXXON MOBIL CORP., Albemarle Corporation, and Nouryon, are some of the leading companies in the global market.

Plastic Additives Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 9
  • Tables & Figures: 279
  • Countries covered: 21
  • Pages: 200
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