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Plastic Additives Market Analysis

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

Plastic Additives Market Analysis

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 Share, By Application, (2023)

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 57.48 billion in 2023 and is poised to observe nearly 4.5% CAGR from 2024 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: 2023
  • Companies covered: 9
  • Tables & Figures: 279
  • Countries covered: 21
  • Pages: 200
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