Plastic Additives Market Fueled by Rising Consumption of Flexible Packaging Solutions

 The global plastic additives market size is anticipated to reach USD 71.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.6% from 2024 to 2030. Owing to their ability to enhance performance, appearance, and processability of various polymers. Increasing demand for these additives is directly proportional to the growing consumption of polymers across the globe.The global plastic additives market size was 48.86 billion in 2023.

Additives are used with different polymers in order to result in maximum output and increase the life span of the product. Plastic additives are increasingly being used for variety of functions that include extenders, processing aids, property modifiers, and stabilizers in industrial applications.

Plastic Additives Market Report Highlights

  • In 2023, the plasticizers segment dominated the market, capturing the largest revenue share of 51.52%. Plasticization involves altering the thermal and mechanical characteristics of a specific polymer.
  • Commodity plastics dominated the market and accounted for a share of 50.8% in 2023. Commodity plastics are essential building blocks for a wide range of everyday products.
  • The packaging segment accounted for the largest market revenue share of 30.8% in 2023. Plastic packaging is the most common type of packaging around the world as plastic packaging is so durable, lightweight and very thin.
  • In 2023, Asia Pacific plastic additives market emerged as the leader in the market, capturing a significant revenue share of 59.6%.

Get a preview of the latest developments in the Plastic Additives Market! Download your FREE sample PDF today and explore key data and trends

Regional Insights

The plastic additives market in North America is expected to grow at a CAGR of 5.5% during the forecast period. This growth can be attributed to the nation's rapid innovation in electronics, continuous technological advancement, and extensive R&D activities. The nation's substantial aerospace and military sectors make aerospace one of the primary users of plastic additives.

Key Plastic Additives Company Insights

Some of the key companies in the Plastic Additives market include Clariant AG; Albemarle Corporation; Songwon Industrial Co., Ltd; Companies in the market are enhancing their international footprint by expanding into emerging markets through partnerships, acquisitions, and establishing manufacturing facilities in regions where there is strong demand for their products.

List Of Key Players in the Plastic Additives Market

  • BASF SE
  • Clariant AG
  • Albemarle Corporation
  • Songwon Industrial Co., Ltd.
  • Nouryon
  • LANXESS AG
  • Evonik Industries AG
  • Kaneka Corporation
  • The Dow Chemical Company
  • ExxonMobil Corporation

Gather more insights about the market drivers, restrains and growth of the Plastic Additives Market

Comments

Post a Comment

Popular posts from this blog

Micronized PTFE Market Overview, Industry Value Chain, Competitive Landscape, Segmentation by Type and Application 2013-2028

Image
The global Micronized PTFE market was valued at $XX million in 2017, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028. This report provides detailed historical analysis of global market for Micronized PTFE from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Micronized PTFE market. Leading players of Micronized PTFE including: • 3M • Shamrock Technologies • Micro Powder (MPI) • Solvay • AGC • Daikin • Gujarat Fluorochemicals • Chemours (DuPont) • ECO U.S.A • Dreyplas • Reprolon Texas • MAFLON • Fluorez Technology • Tianyuxiang • Norshine • Nanjin Tianshi • Sichuan Chenguang • 3F • Yanggi • Zhejiang Juhua • Shanghai Joule Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-m...
Read more

Global Dimethyl Sulfoxide (DMSO) Industry Growth, Top Players, Regions, Application and Forecast 2019-2023

Dimethyl sulfoxide (DMSO) is a highly polar and water miscible organic liquid. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Dimethyl Sulfoxide (DMSO) Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Dimethyl Sulfoxide (DMSO) market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. Download Free Sample Report @ https://www.radiantinsights.com/research/global-dimethyl-sulfoxide-dmso-market-research-report-2019-2023/request-sample The report firstly introduced the Dimethyl Sulfoxid...
Read more

Display Backlighting Market By Size, Emerging Trends And Top Growing Companies Report 2013-2028

The global Display Backlighting market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Display Backlighting from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Display Backlighting market. Leading players of Display Backlighting including: • Samsung • NICHIA • LG Innotek • Epistar • Lumileds • Seoul Semiconductor • TOYODA GOSEI • Unity Opto Technology • GENESIS Photonics • Shenzhen jufei optoelectronics • Shenzhen Refond Optoelectronics • Foshan NationStar Semiconductor Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-display-backlighting-market/reque...
Read more