Polymer Additives Market

Polymer Additives Market

Category : Chemical & Industrial Material Reports | Delivery Format : PDF,PPT | Publisher: Reports & Insights | Pages : 278

To learn more about this report, request a free sample copy

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.

Polymer Additives Market Report Image

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 Share Analysis by Region the year 2022 Image

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


Summarized Info Details
Base Year: 2021 Forecast Period: 2022-2030
Key Geographies:
  • North America, Latin America, Europe, Asia Pacific, Africa, and Middle East
Market Segmentation:
  • The polymer additives market segmented on the basis of type, ingredients, function, technology, application and region
Key Players:

Axel Plastics Research Laboratories, Inc., BASF, Bayer AG, Chemtura Corporation, Clariant Ltd., DOW Plastic Additives, Exxon Mobil Corporation, Kaneka Corporation, Lanxess AG, Zeon Chemicals, and among others

Report Coverage:
  • The market is expanding due to high-end applications and consumption in the packaging and automotive industries
Market Size: US$ 49.0 Bn in 2022 CAGR: 5.3%

To learn more about this report, request a free sample copy


Select License Type


Press Release

Polymer Additives Market

Frequently Asked Questions

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

The market is expanding due to high-end applications and consumption in the packaging and automotive industries

The polymer additives market segmented on the basis of type, ingredients, function, technology, application and region

Axel Plastics Research Laboratories, Inc., BASF, Bayer AG, Chemtura Corporation, Clariant Ltd., DOW Plastic Additives, Exxon Mobil Corporation, Kaneka Corporation, Lanxess AG, Zeon Chemicals, and among others


US
US
1820 Avenue M, Brooklyn, NY 11230, United States
APAC
APAC
315,Shopping Center,Kota-324007,Rajasthan
APAC
APAC
Suite -104, D-20, Sector-63, Noida. Uttar Pradesh - 201014, India

This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

OK