Plastic additives market size to grow by USD 19.86 bn, ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH and more among the key companies in the market – Technavio

NEW YORK, Nov. 9, 2023 /PRNewswire/ — In 2017, the plastic additives market was valued at USD 42.05 billion. From a regional perspective, APAC held the largest market share, valued at USD 17.22 billion. The plastic additives market size is estimated to grow by USD 19.86 billion from 2022 to 2027 at a CAGR of 6.45% according to Technavio. The report analyzes the market’s competitive landscape and offers information on several market companies, including:  ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH, Clariant AG, Covestro AG, Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Grafe Advanced Polymers GmbH, Kaneka Corp., Lanxess AG, Milliken and Co., Mitsui Chemicals Inc., Nouryon Chemicals Holding BV, PMC Group Inc., Sabo Spa, Sakai Chemical Industry Co. Ltd., Songwon Industrial Co Ltd, BASF SE, among othersThe growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –

ADEKA Corp. – The company offers plastic additives such as ADK Cycloaid UPR series.Avient Corp. – The company offers plastic additives such as Cesa Scratch and Mar Resistance Additives.Baerlocher GmbH – The company offers plastic additives and other related products such as PVS stabilizers.

Plastic additives market insights –

Vendors: 15+, Including ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH, Clariant AG, Covestro AG, Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Grafe Advanced Polymers GmbH, Kaneka Corp., Lanxess AG, Milliken and Co., Mitsui Chemicals Inc., Nouryon Chemicals Holding BV, PMC Group Inc., Sabo Spa, Sakai Chemical Industry Co. Ltd., Songwon Industrial Co Ltd, BASF SE, among othersCoverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendorsSegments: Type (Modifier, Stabilizers, Extenders, and Processing aids), Application (Packaging, Consumer goods, Automotive, Electrical and electronics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

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The plastic additives market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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Plastic additives market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteriaAdoption ratesAdoption lifecycleDrivers of price sensitivityFor highlights on customer landscape analysis, download a sample!

Plastic additives market – Market dynamics

Major drivers – 

Increasing demand for recycled plastics from the packaging industryDeveloping countries to boost the demand for plastic additivesIncreased demand from the e-commerce market

Key challenges – 

Harmful effects of plasticizers on the environmentBan of phthalates plasticizersVolatility in raw material prices

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this plastic additives market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the plastic additives market between 2023 and 2027Precise estimation of the plastic additives market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the plastic additives industry across APAC, North America, Europe, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of plastic additives market vendors

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The paints and coatings additives market share is expected to increase by USD 2.87 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.68%. 

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

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SOURCE Technavio