According to a market report by Lucintel, the future of the global plastic additive market looks promising with opportunities in the packaging, construction, consumer goods, and automotive markets. The global plastic additive market is expected to reach an estimated $30 billion by 2030 from $23 billion in 2023 at a CAGR of 3.6% from 2023 to 2030. The major drivers for this market are growing demand for replacement of conventional materials by plastics in the packaging, construction, and consumer goods markets, adoption of automation in the injection molding process, and increasing use of lightweight materials and growing innovations in packaging.
In this market, plasticizers, stabilizers, flame retardants, and impact
modifiers are the major segments of plastic additive market by product type.
Lucintel forecasts that plasticizers will remain the largest segment over
the forecast period due to its capacity to enhance the properties of plastics
for a variety of applications, such as packaging, consumer goods, and chemical
industries.
Within this market, packaging will remain the largest segment due to
increasing use in consumer goods and industrial purposes and rapidly expanding
e-commerce sector globally.
Download sample by clicking on plastic additive
market.
APAC will remain the largest region over the forecast period due to
increasing disposable income and rapid urbanization in the emerging countries
coupled with growing demand for plastic additive in packaging, retail and
polymer industries.
Songwon Industrial, Albemarle, Clariant AG, BASF SE, and Dow Chemical are
the major suppliers in the plastic additive market.
This unique research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast
visit Lucintel’s Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth
through game
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needs analysis. We are based in Dallas, TX and have
been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in
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Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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