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Global Plastic Additives Market Share, Trends, Forecast: By Type: Plasticisers, Flame Retardants, Impact Modifiers, Lubricants, Antioxidants, Antimicrobials, UV Stabilisers, Others; By Plastic Type: Commodity Plastic, Others; By Function; By Application; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Plastic Additives Market Outlook
The global plastic additives market size reached approximately USD 54.71 billion in 2023. The market is assessed to grow at a CAGR of 5.3% between 2024 and 2032 to attain a value of around USD 87.08 billion by 2032.
Key Trends in the Market
Additives refer to chemicals that are combined with raw and basic plastic materials to modify the properties of plastics and improve their colour and performance requirements. They also provide protective characteristics and enhance features like flame retardancy and strength of plastics.
- The plastic additives market growth is being aided by the rising usage of plastics as an alternative to metals. Moreover, improvements in additive processing, advancements in plastic additives, and the surging focus on enhancing the properties of plastics are expected to aid the market growth in the forecast period.
- Growing environmental concerns are expected to positively influence the plastic additives market demand in the forecast period. Hence, key players are developing additives made from sustainably sourced and bio-based feedback that can reduce fossil fuel demand and lower greenhouse emissions. Furthermore, with the rising trend of sustainability, there is increasing use of organic additives like colours with excellent application performance, wide variety, and high tinting strength.
- Some plastic additives market trends include growing R&D activities to create innovative non-toxic polymer additives with enhanced safety and functionality for use in different sectors like agriculture, consumer goods, and electronics, among others.
Market Analysis
Based on type, the market is segmented into plasticisers, flame retardants, impact modifiers, lubricants, antioxidants, antimicrobials, and UV stabilisers, among others. On the basis of plastic type, the plastic additives market segmentation includes commodity plastic, engineering plastic, and high-performance plastics.
By function, the market is segmented into property stabilisers, property extenders, and processing aids. Based on application, the market divisions include packaging, automotive, agriculture, building and construction, consumer goods, and electrical and electronics, among others. The major regional markets for plastic additives include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global plastic additives market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Dow Chemical Company
- BASF SE
- Exxon Mobil Corporation
- Nouryon Chemicals Holding B.V.
- Lanxess AG
- Clariant Ltd.
- Adeka Corporation
- SONGWON Industrial Group
- Others
Market Share by Type
Plasticisers represent a significant plastic additives market share as they are used to make plastics more flexible, softer, and efficient. The increasing focus on enhancing the flexibility and elasticity of plastics is also surging the demand for plasticisers. Meanwhile, with the growing demand for plastics with improved toughness and durability, the usage of impact modifiers in plastics is anticipated to surge in the forecast period.
Market Share by Region
As per the plastic additives market analysis, the utilisation of plastics in different end-use sectors, including flooring, medical devices, and electric vehicles, in North America is significantly increasing. Meanwhile, the Asia Pacific is anticipated to witness a healthy growth in the forecast period due to surging production of speciality chemicals, the robust growth of the construction and building sectors, and rising investments in the packaging and automotive sectors.
Competitive Landscape
Nouryon Chemicals Holding B.V. is a speciality chemical company that manufactures products for the paints and coatings, personal care, pharmaceuticals, food and agriculture, and building sectors. With operations in 80 countries, the company is committed to sustainability, safety, and innovations. It is headquartered in Amsterdam, the Netherlands, and its brands play an essential role in the everyday lives of people.
Lanxess AG is a speciality chemical company that was established in 2004. With 13,100 employees in 32 countries, the company is engaged in the manufacturing, developing, and marketing of chemical additives and intermediates as well as consumer protection chemicals. Its business units are aimed at driving product innovation and supporting environmental goals.
Dow Chemical Company, founded in 1897, has established itself as a customer-centric, innovative, and sustainable material science company. Its wide product portfolio includes coatings, plastics, silicones, and businesses for use in the mobility, packaging, infrastructure, and consumer goods sectors. With operations in 31 countries, the company is headquartered in Michigan, the United States.
Other plastic additives market players include Adeka Corporation, BASF SE, Exxon Mobil Corporation, Clariant Ltd., and SONGWON Industrial Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Plastic Type |
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| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plastic Additives Market Analysis
8.1 Key Industry Highlights
8.2 Global Plastic Additives Historical Market (2018-2023)
8.3 Global Plastic Additives Market Forecast (2024-2032)
8.4 Global Plastic Additives Market by Type
8.4.1 Plasticisers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flame Retardants
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Impact Modifiers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Lubricants
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Antioxidants
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Antimicrobials
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 UV Stabilisers
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Plastic Additives Market by Plastic Type
8.5.1 Commodity Plastic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Engineering Plastic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 High-Performance Plastics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Plastic Additives Market by Function
8.6.1 Property Stabilisers
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Property Extenders
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Processing Aids
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Plastic Additives Market by Application
8.7.1 Packaging
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Automotive
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Agriculture
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2018-2023)
8.7.4 Building and Construction
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Consumer Goods
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Electrical and Electronics
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Plastic Additives Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Plastic Additives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Plastic Additives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Plastic Additives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Plastic Additives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Plastic Additives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dow Chemical Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BASF SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Exxon Mobil Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nouryon Chemicals Holding B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lanxess AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Clariant Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Adeka Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SONGWON Industrial Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plastic Additives Market: Key Industry Highlights, 2018 and 2032
2. Global Plastic Additives Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Plastic Additives Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Plastic Additives Historical Market: Breakup by Plastic Type (USD Billion), 2018-2023
5. Global Plastic Additives Market Forecast: Breakup by Plastic Type (USD Billion), 2024-2032
6. Global Plastic Additives Historical Market: Breakup by Function (USD Billion), 2018-2023
7. Global Plastic Additives Market Forecast: Breakup by Function (USD Billion), 2024-2032
8. Global Plastic Additives Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Plastic Additives Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Plastic Additives Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Plastic Additives Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Plastic Additives Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Plastic Additives Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Plastic Additives Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 54.71 billion.
The market is assessed to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 87.08 billion by 2032.
Improvements in additive processing and the introduction of stringent government regulations aimed at reducing carbon emissions are the major market drivers.
The key trends aiding the market growth are the robust growth of the construction and building sectors, growing R&D activities, and the development of new additives.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of plastic additives are packaging, automotive, agriculture, building and construction, consumer goods, and electrical and electronics, among others.
The major players in the market are Dow Chemical Company, BASF SE, Exxon Mobil Corporation, Nouryon Chemicals Holding B.V., Lanxess AG, Clariant Ltd., Adeka Corporation, and SONGWON Industrial Group, among others.
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