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Press Release:

Global Plastic Additives Market to Reach US$ 66.1 Billion by 2027, Impelled by Growing Application in Packaging Industry

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Plastic Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plastic additives market reached a value of US$ 47.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 66.1 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A plastic additive is a chemical compound that is added to polymers to improve the chemical and physical properties of plastic products. It acts as a catalyst or filler to improve the strength to weight ratio, luster, durability, corrosion resistance and heat sensitivity of the product. Some of the commonly used plastic additives include property extenders, modifiers, stabilizers and processing aids, which are used for commodity, engineering and high-performance plastics. Owing to these benefits, they also find extensive applications across various industries, including packaging, construction, automotive and manufacturing.

The rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, the replacement of conventional materials used in the production of consumer goods and various textiles, agricultural and medical products is also providing a boost to the market growth. For instance, plastic products with enhanced mechanical and electrical properties are used in place of traditionally used materials, such as glass, paper, ceramic and metal. Additionally, the rising product demand from the packaging industry is also creating a positive outlook for the market growth. Polyvinyl chloride (PVC), polyethylene terephthalate (PET), low-density polyethylene (LDPE), and high-density polyethylene (HDPE) are among the most commonly used packaging materials across the globe. They are often treated with plastic additives to extend their operational life, appearance and mechanical properties. Other factors, including the growing demand for disposable and reusable plastic products from the medical industry, along with the widespread adoption of 3D printing technologies, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic additives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on additive type, plastic type, application and function.

Breakup by Additive Type:

  • Plasticizers
  • Stabilizers
  • Flame Retardants
  • Impact Modifiers
  • Others
     

Breakup by Plastic Type:

  • Commodity Plastic
  • Engineering Plastic
  • High Performance Plastic
     

Breakup by Application:

  • Packaging
  • Automotive
  • Consumer Goods
  • Construction
  • Others
     

Breakup by Function:

  • Property Modifiers
  • Property Stabilizers
  • Property Extenders
  • Processing Aids
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Akzonobel NV, Albemarle Corporation, BASF, Clariant AG, Dow Chemical Company, DuPont de Nemours Inc., Evonik Industries AG, Kaneka Corporation, Lanxess AG and Songwon Industrial Co. Ltd., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Additive Type, Plastic Type, Application, Function, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Akzonobel NV, Albemarle Corporation, BASF, Clariant AG, Dow Chemical Company, DuPont de Nemours Inc., Evonik Industries AG, Kaneka Corporation, Lanxess AG and Songwon Industrial Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1  Preface
2  Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5  Global Plastic Additives Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6  Market Breakup by Additive Type
    6.1    Plasticizers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Stabilizers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Flame Retardants
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Impact Modifiers
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7  Market Breakup by Plastic Type
    7.1    Commodity Plastic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Engineering Plastic
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    High Performance Plastic
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Packaging
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Automotive
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Consumer Goods
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Construction
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Function
    9.1    Property Modifiers
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Property Stabilizers
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Property Extenders
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Processing Aids
        9.4.1 Market Trends
        9.4.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Indicators
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Akzonobel NV
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Albemarle Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    BASF
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Clariant AG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Dow Chemical Company
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    DuPont de Nemours Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Evonik Industries AG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kaneka Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Lanxess AG
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Songwon Industrial Co. Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Plastic Additives Market: Major Drivers and Challenges
Figure 2: Global: Plastic Additives Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Plastic Additives Market: Breakup by Additive Type (in %), 2021
Figure 4: Global: Plastic Additives Market: Breakup by Plastic Type (in %), 2021
Figure 5: Global: Plastic Additives Market: Breakup by Application (in %), 2021
Figure 6: Global: Plastic Additives Market: Breakup by Function (in %), 2021
Figure 7: Global: Plastic Additives Market: Breakup by Region (in %), 2021
Figure 8: Global: Plastic Additives Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Plastic Additives (Plasticizers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Plastic Additives (Plasticizers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Plastic Additives (Stabilizers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Plastic Additives (Stabilizers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Plastic Additives (Flame Retardants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Plastic Additives (Flame Retardants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Plastic Additives (Impact Modifiers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Plastic Additives (Impact Modifiers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Plastic Additives (Other Additives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Plastic Additives (Other Additives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Plastic Additives (Commodity Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Plastic Additives (Commodity Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Plastic Additives (Engineering Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Plastic Additives (Engineering Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Plastic Additives (High Performance Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Plastic Additives (High Performance Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Plastic Additives (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Plastic Additives (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Plastic Additives (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Plastic Additives (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Plastic Additives (Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Plastic Additives (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Plastic Additives (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Plastic Additives (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Plastic Additives (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Plastic Additives (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Plastic Additives (Property Modifiers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Plastic Additives (Property Modifiers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Plastic Additives (Property Stabilizers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Plastic Additives (Property Stabilizers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Plastic Additives (Property Extenders) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Plastic Additives (Property Extenders) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Plastic Additives (Processing Aids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Plastic Additives (Processing Aids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia Pacific: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia Pacific: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Plastic Additives Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Plastic Additives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Plastic Additives Industry: SWOT Analysis
Figure 92: Global: Plastic Additives Industry: Value Chain Analysis
Figure 93: Global: Plastic Additives Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Plastic Additives Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plastic Additives Market Forecast: Breakup by Additive Type (in Million US$), 2022-2027
Table 3: Global: Plastic Additives Market Forecast: Breakup by Plastic Type (in Million US$), 2022-2027
Table 4: Global: Plastic Additives Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Plastic Additives Market Forecast: Breakup by Function (in Million US$), 2022-2027
Table 6: Global: Plastic Additives Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Plastic Additives Market: Competitive Structure
Table 8: Global: Plastic Additives Market: Key Players

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Key Questions Answered in This Report

The global plastic additives market size was valued at US$ 47.2 Billion in 2021.

According to the estimates by IMARC Group, the global plastic additives market is expected to exhibit a CAGR of 5.7% during 2022-2027.

Several plastic products with enhanced mechanical and electrical properties are used in place of traditionally used materials, such as glass, paper, ceramic and metal, thereby representing one of the key drivers for the global plastic additives market.

The growing demand for disposable and reusable plastic products from the medical industry, along with the widespread adoption of 3D printing technologies are some of the key trends in the global plastic additives market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of various end-use industries for plastic additives, thereby negatively impacting the market growth.

On the basis of the additive type, the market has been classified into plasticizers, stabilizers, flame retardants, impact modifiers and others. Among these, plasticizers hold the largest market share.

On the basis of the plastic type, the market has been bifurcated into commodity plastic, engineering plastic and high-performance plastic. At present, commodity plastic exhibits a clear dominance in the market.

On the basis of the application, the market has been classified into packaging, automotive, consumer goods, construction, and others. Currently, packaging represents the largest segment.

On the basis of the function, the market has been segmented into property modifiers, property stabilizers, property extenders and processing aids. Among these, property stabilizers account for the majority of the market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global plastic additives market are Akzonobel NV, Albemarle Corporation, BASF, Clariant AG, Dow Chemical Company, DuPont de Nemours Inc. Evonik Industries AG, Kaneka Corporation, Lanxess AG, Songwon Industrial Co. Ltd., etc.

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