The Plastic Additives Market is expected to grow at > 5.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Plastic Additives Market
Plastic Additives Market is likely to grow at a healthy CAGR of 5.0% during the forecast period. The growth in demand for plastic additives is due to the replacement of conventional materials by plastics in various applications and their capability to increase the performance of polymers.
Asia-Pacific is estimated to be the largest as well as fastest-growing market for plastic additives during the forecast period, with China, Japan, and India being the major countries of the region. The increasing usage of polymers in the developing economies is driving the market for plastic additives in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Plastic Additives Market Share: By Product Type
Based on the product type, the market is segmented as plasticizers, stabilizers, flame retardants, impact modifiers, and others. The plasticizers segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment can be attributed to plasticizers being economical as compared to other additives. They are generally mixed with polymers or PVC to impart unique technological and physical properties for usage in various applications, such as floor & wall coverings, coating fabrics, and cable jacketing.
Plastic Additives Market Share: By Plastic Type
Based on the plastic type, the market is segmented as commodity, engineering, and high-performance plastics. The commodity plastics segment is expected to remain dominant during the forecast period. Polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polymethyl methacrylate (PMMA), polyphenylene ethers (PPE), and others are the materials used to render specific resin properties to process polymers. Polyethylene (PE) is majorly used in a number of applications, such as general plastic films, packaging bags, medical packaging, green house & tunnel films, pipes, and mulch films.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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