Plastic Additives Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Plastic Additives market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Plastic Additives Market report is anticipated to register a CAGR of XX% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Plastic Additives Market are –
- Akzonobel Nv Adeka CorporationBASF SESongwon Industrial Co. Ltd Baerlocher GroupClariant AG MitsuiEvonik Industries AG Emerald Performance MaterialsDowDuPontKaneka CorporationLanxess AG EXXONMOBIL CorporationSabo SpA.
The global plastic additives market was estimated at USD 25049 million in 2017. Asia-Pacific is set to lead with a larger share of the global market owing to the growing packaging industry in the region. Polyethylene plastic type is expected to hold the largest share of the market.
Replacement of Conventional Materials by Plastics
Plastics are lighter and stronger than many other materials used for roofing, storage containers, pipes, cables, electronics, toys, kitchenware, safety gear, cosmetic articles, household products, etc. Plastic is an easy choice for saving weight and cost. In general, companies achieve an overall cost saving of 25% – 50% by converting to plastic parts.
Some of the major metal-based components that are being replaced by plastic include metal pipes and aluminum foils. Metal pipes are being replaced by PVC pipes and aluminum foils by plastic wraps. Moreover, plastic additives, like flame retardants, are now used to meet flammability standards in furniture, textiles, electronics, and building products, like insulation.
Rising demand for plastic components in the construction industry in the Asia-Pacific region is expected to propel the plastic additives market further.
Packaging Holds the Largest Share
The packaging industry mostly relies on polymers for packaging and decoration of final products. Factors leading to the use of polymers in the packaging industry are its properties, like being lightweight, availability in different colors, low reactivity, chemical and moisture resistance, etc. The use of suitable plastic additives contributes toward extended lifetime, appearance, thermal protection, clarity, low haze, and improved mechanical properties.
One of the main application of packaging is in the food industry. In the Asia-Pacific region, there is a slow increase in the acceptance of packaged food. The packaging industry is also poised to grow, thus, supporting the growth of plastic additives in the region. With the continuous increase in the demand from the global market, the packaging industry is expected to expand in regions, such as Asia-Pacific and North America.
China Set to Lead the Global Market
China is the largest in terms of purchasing power parity and the second-largest economy in nominal GDP. China is one of the lucrative markets for plastic additives, due to the availability of low-cost raw material and labor.
Packaging is the largest end-user for the plastic industry, accounting for more than one-quarter of total plastic usage. The Chinese packaging industry recorded a growth of 4.5% during 2011–2016. With the rise in demand for lighter, cheaper, and more convenient packaging from consumers, the packaging sector in China is set to experience rapid growth during the forecast period, which, in turn, is expected to boost the plastic additives market.
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Scope of the Report:
The report analyses Plastic Additives market, which includes –
- Analysis of the growth of Plastic Additives market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Plastic Additives market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Plastic Additives market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Plastic Additives market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Plastic Additives Market Report:
- Varying dynamics of the Plastic Additives industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Plastic Additives market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Plastic Additives market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Plastic Additives Market Report:
- The report analyses how stringent emission control norms will drive the global Plastic Additives market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Plastic Additives market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Plastic Additives:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Plastic Additives Market Report @ https://www.360marketupdates.com/TOC/12884851#TOC
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