The global plastic additives market size reached USD 39.69 Billion in 2021 and register a revenue CAGR of 5.1% over the forecast period, according to the latest analysis by Emergen Research. In a number of emerging nations, rapid urbanisation has caused the building and construction sector to expand quickly.

This is projected to continue to fuel demand for plastic additives. The performance and durability of polymers are improved by plastic additives in a range of architectural applications. In order to enhance the performance of the coating layer, additives are employed in paints and coatings. Additionally, increased demand for flame retardant additives, which are mostly used in building interiors, is anticipated to fuel market revenue growth in the coming years.

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Sales of electric vehicles (EVs) have increased dramatically as a result of the automotive industry's rapid expansion and rising consumer demand for EVs. About 300,000 EVs were sold in 2020, accounting for 2% of the nation's new car market, which is projected to grow quickly. Polyamides, polyurethane, polypropylene, and PVC make up the majority of the four polymers that make up the more than 70% of the plastics used in automobiles. Another material used to survive the intense heat produced by EV power packs is engineering thermoplastic. Additionally, when constructing automobile components, polymers like Polyether Ether Ketone (PEEK) and Polytetrafluoroethylene (PTFE) can be utilised in place of metals due to their heat resistance.

Some issues limiting the growth of the plastic additives market's revenue include concerns about plastics' non-biodegradability and plasticizers' leaching into the environment. Endocrine-disrupting substances include phthalic acid esters, which are plasticizers used in a variety of industries. Additionally, studies indicate that only 9% of the 6.3 billion metric tonnes of total plastic trash has been recycled. As a result, governments around the world are promoting the use of plastic substitutes. These elements are anticipated to limit the market's revenue growth to some level.

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The Plastic Additives Market research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

The report also discusses the key players involved in the market such as BASF SE, Clariant AG, The Dow Chemical Company, Albemarle Corporation, Songwon Industrial Co., Ltd., ExxonMobil Chemical, DuPont de Nemours, Inc., Nouryon, Lanxess AG, Evonik Industries AG, and Kaneka Corporation and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Outlook of Plastic Additives Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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Emergen Research has segmented the global plastic additives market on the basis of type, plastic type, and region:

Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

Plasticizers

Stabilizers

UV Stabilizers

Antioxidants

Flame Retardant

Blowing Agents

Nucleating Agents

Others

Plastic Type Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

Commodity Plastics

Polyethylene (PE)

Polypropylene (PP)

Polystyrene (PS)

Polyphenylene Ethers (PPE)

Engineering Plastics

High-Performance Plastics (HPA)

Application Outlook (Revenue, USD Billion, Volume, Kilotons, 2019–2030)

Packaging

Consumer Goods

Construction

Automotive

Others

Highlights of Table of Contents (TOC):

Overview of Global Plastic Additives Market

Competitive analysis of the Plastic Additives market

Regional analysis of Global Plastic Additives market production and revenue

Regional analysis of Global Plastic Additives market supply, consumption, and export & import

Type-based market analysis of global Plastic Additives production, revenue, and price trends

Application-based analysis of the global Plastic Additives market

Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Plastic Additives market

Global Plastic Additives market forecast (2022-2030)

Conclusion of the research report

Appendix

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