Polymer Additives Market Share, Size and Forecast Report 2022-2030
Chemical & Industrial Material
PDF,PPT
Reports & Insights
278
November 2022
Recent
Polymer Additives Market Overview:
As per Reports and Insights analysis, the global polymer additives market is estimated for US$ 49.0 Bn in 2022 and is projected to register a CAGR of 5.3% to reach US$ 74.6 Bn by 2030 end.
Chemicals called additives are added to the base polymer to facilitate processing, increase longevity, and provide the required physical or chemical qualities in the finished product. Polymer additives are substances that are added to polymer matrix to enhance the process ability of polymers, lengthen the product's useful life, or meet a specific end-use requirement. They are added to provide smooth surfaces, facilitate processing, support optical properties, and give anti-aging advantages. The sector is anticipated to change due to developments in additives such bio-based compounds and green chemistry, which will make the substances more suitable for use.
Due to globalization and life style changes lead to the expansion of packaging sector that in turn boosts the polymer additives market. Increased use of plastics and quickly growing industrial sector in emerging economies lead to the polymer additives market expansion.
Polymer Additives Market Dynamics and Market Trends:
Polymer Additives Market Drivers
The market is expanding due to high-end applications and consumption in the packaging and automotive industries. The market is expanding as a result of carbon nano-tubes and nano-fiber acting as conductors. Rapid urbanization and rise in disposable income are driving up demand for goods. This in turn is promoting market expansion.
The increase in demand for polymer additives on the international market can be linked to their inherent advantages. Polymer additives are essential in many sectors, but particularly in the automotive, manufacturing, and packaging sectors where improving the qualities of the final product is the key.
Polymer Additives Market Challenges
Strict government regulations and laws regarding the manufacture and disposal of the product are impeding market expansion.
Polymer Additives Market Opportunity
During the anticipated period, untapped markets in the pharmaceutical and agricultural packaging industries are anticipated to fuel market expansion. This will provide a huge platform for the polymer additive market players.
Polymer Additives Market Trends
Important technologies in the polymer additives market include anti-scratch, anti-fog, anti-static, mould release, plasticization, slip, torque release, UV protection, and WPC lubrication. In the coming years, the global market for polymer additives is expected to be driven by pricey plastic equipment and polymer additives with attributes similar to those of metal equipment. The automotive sector, which focuses on improvements for electric and hybrid vehicles, is the main source of demand for the company's product. The business anticipates growing its product line to include odor absorbers and innovative packaging features that will make recycling materials more sustainable.
Polymer Additives Market Size and Market Share:
Prime share of the Polymer additives Market is conquered by the Asia pacific. During the projection period, Asia Pacific is anticipated to be the largest market for polymer additives, followed by Europe. The Asia Pacific market is driven by rising consumption for polymer additives in the packaging, automotive, and industrial sectors in China, Japan, and India.
Polymer Additives Market Regional Outlook:
Geographically, the market is split into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa (MEA). Nations like the United States and Canada further split the North American continent. Britain, France, Germany, Italy, Spain, Russia, and the rest of Europe make up the second division of Europe. The Asia Pacific sub region is made up of China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia. The GCC, Turkey, South Africa, and Rest of MEA regions are further divided into the MEA region. Brazil, Mexico, and the remainder of Latin America make up the sub region.
The market for polymer additives can be segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polymer Additives Market Key players and Recent Developments:
In 2019, the market for polymer additives was extremely fragmented. Both developed and developing nations have a strong representation from major players. The following companies are significant players in the worldwide polymer additives market: Axel Plastics Research Laboratories, Inc., BASF, Bayer AG, Chemtura Corporation, Clariant Ltd., DOW Plastic Additives, Exxon Mobil Corporation, Kaneka Corporation, Lanxess AG, Zeon Chemicals.
The market participants are engaged in the development of items with multiple uses and greater market viability. To increase their market share, the businesses make strategic decisions about product launches, R&D, joint ventures, agreements, and acquisitions. VESTAMID is a polyamide that was created by Evonik Industries AG and is used in the manufacture of consumer items and automobiles.
Polymer Additives Market Segmentation Outlook:
The polymer additives market segmented on the basis of type, ingredients, function, technology, application and region
Polymer Additives Market, by Type
Antimicrobials
Antioxidants
Flame Retardants
Heat Stabilizers
Impact Modifiers
Plasticizers
Ultraviolet Stabilizers
Others
Polymer Additives Market, by Ingredients
Bisphenol A Diglycidyl Ether
Ceramic Fiber
Styrene Butadiene Rubber (SBR)
Surfactants
Others
Polymer Additives Market, by Functions
Processing Aids
Property Extenders
Property Modifiers
Property Stabilizers
Polymer Additives Market, by Technology
Anti-Scratch
Anti-Fog
Mold Release
Plasticization
UV Protection
Others
Polymer Additives Market, by Application
Automotive Plastics
Biopolymers
Caps & Closures
Film Production
Injection Molding
Packaging
PVC & Vinyl Plastisols
Others
Polymer Additives Market, by Regions
North America
Asia Pacific
Europe
Latin America
Middle East & Africa
Frequently Asked Question
What is the projected market size & Compound Annual Growth Rate (CAGR) of the polymer additives market?
The polymer additives market is estimated to reach at a value of US$ 49.0 Bn by the end of 2022 and expected to reach at a value of US$ 74.6 Bn by 2030 with a significant CAGR of 5.3%.
Which base year is used in the polymer additives market report?
The base year for the report is 2021 in polymer additives market.
What segments are covered in polymer additives market report?
The polymer additives market segmented on the basis of type, ingredients, function, technology, application and region.
What are the key participating players in the polymer additives market?
In 2019, the market for polymer additives was extremely fragmented. Both developed and developing nations have a strong representation from major players. The following companies are significant players in the worldwide polymer additives market: Axel Plastics Research Laboratories, Inc., BASF, Bayer AG, Chemtura Corporation, Clariant Ltd., DOW Plastic Additives, Exxon Mobil Corporation, Kaneka Corporation, Lanxess AG, Zeon Chemicals.
Clients
