Plastic Additives Market_PPT
                     Plastic Additives MARKET 2020
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Plastic Additives MARKET 2020
Plastic Additives Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
The plastic additives market is predicted to touch a revenue of USD 900 billion by the end of 2023. The market is anticipated to 
expand at a staggering CAGR over the assessment period (2018-2023) owing to the increasing awareness of the consumers 
regarding food contamination, asserts Market Research Future (MRFR). Plastic additives are significant chemical components 
which are added to polymer or plastic to modify, alter, and enhance its chemical and physical properties. The end-product which is 
obtained after the addition of additives exhibit physical properties such as increased density, lower glass transition temperature, 
and reduced weight.
Drivers and Restraints Impacting the Market
Plastic additives serve almost all end-user industries where polymer products are in use. With the growing consumer awareness 
regarding food contamination from containers along with loose sold food products are driving the market growth over the forecast 
period. Also, the shifting consumer trend from sedentary to a healthier lifestyle when it comes to consuming healthier food is 
favoring the growth for packaging industry. With the growing use of eco-friendly packaging materials, the global plastic additives 
market is expected to stimulate over the assessment period. Moreover, the rapid urbanization along with changing lifestyle of the 
people is anticipated to trigger the demand for plastic additives over the assessment period.
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Plastic Additives MARKET 2020
Market Segmentation:
The global plastic additives market has been segmented on the basis of end-use industry, type, and region.
By mode of type, the global plastic additives market is segmented into impact modifiers, antioxidants, UV-stabilizers, plasticizers, 
flame retardants, antimicrobials, and others. Among these, the plasticizers segment was estimated to lead the market. Use of 
plasticizers is banned in toys and childcare articles due to their carcinogenic nature. Growing regulations regarding workplace 
safety has boosted the flame retardants industry growth.
By mode of end-use industry, the global plastic additives market is segmented into automotive, packaging, agriculture, electrical & 
electronics, building & construction, consumer goods, and others. Among these, the packaging industry holds the largest share 
owing to its properties such as low reactivity, lightweight, availability in various colors, moisture and chemical resistance, and 
others.
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Plastic Additives MARKET 2020
Regional Analysis
Geographically, the plastic additives market spans across regions namely, North America, Asia Pacific, Europe, Latin America, and 
the Middle East and Africa.
Among all the regions, Asia Pacific is predicted to dominate the market globally due to the growing demand for the product from 
the packaging industry along with the increasing population. Moreover, Japan, China, and India are the major contributors due to 
the presence of end-use industries such as building and construction, packaging, and consumer goods.
The North American region is estimated to hold the second-largest share owing to the growing demand for packaging in industrial 
and household applications. The US is the major contributor in this region owing to the presence of high technological 
advancements and presence of major market players.
Europe also holds a significant market share owing to the growing R&D activities in plastic materials. The U.K, Belgium, Germany, 
and the Netherlands are the major economies in this region contributing to the market growth. Meanwhile, the Latin American 
region along with the Middle East and Africa holds relatively less market share.
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Plastic Additives MARKET 2020
Application & Major Players in this Research:
Plastic Additives Market Prominent Players:
Some of the important players operating the global market for plastic additives are AkzoNobel NV ( the Netherland), L. N. Chemical 
Industries (India), Solvay SA (Belgium), SONGWON (South Korea), Evonik Industries AG (Germany),  PMC Group Inc. (the U.S), 
Clariant AG (Switzerland), Albemarle Corporation (US), BASF SE (Germany), Styro Chemical Industries (India), and more
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