Plastic Additives

Plastic Additives Market by Type (Anti-fog, Antioxidants, Blowing Agents), Material Type (Engineering Plastic, Ethylene Vinyl Acetate, Polyethylene), Application - Global Forecast 2024-2030

360iResearch Analyst
Want to know more about the plastic additives market or any specific requirement? Ketan helps you find what you're looking for.
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[198 Pages Report] The Plastic Additives Market size was estimated at USD 53.55 billion in 2023 and expected to reach USD 56.11 billion in 2024, at a CAGR 4.87% to reach USD 74.74 billion by 2030.

Plastic Additives Market
To learn more about this report, request a free PDF copy

Plastic additives are substances incorporated into polymers and plastics to alter, enhance, and influence their properties and performance. The main purpose of their inclusion is to improve the plastics' durability, flexibility, and color or to imbue them with characteristics such as anti-static, flame-resistance, or UV protection. In a broader sense, these additives facilitate the transformation of polymer materials into products of exceptional quality, capable of meeting diverse consumer and industrial needs. The increasing consumer demand for sustainable and convenient packaging solutions and the surge in the automotive sector for lightweight and durable vehicles has emerged as significant growth contributor. However, environmental concerns regarding the use of plastics and their non-degradability are significant limiting factors. Nevertheless, developing sustainable solutions, including biodegradable and recyclable plastic products, is expected to create substantial opportunities for the growth of plastic additives.

Plastic Additives Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Type: Burgeoning utilization of impact modifiers as it increases the toughness and durability of plastics

Anti-fog additives prevent water condensation on plastic surfaces, a critical need in packaging industries to maintain visibility and product aesthetics. Antioxidants prevent thermal oxidation, simultaneously slowing discoloration and maintaining mechanical properties. Blowing agents create a cellular structure in plastics, which is useful for thermal insulation and weight reduction. Fillers amplify the properties and reduce the costs of the plastics. Flame retardants delay the combustion process, used in various applications for increased safety measures. Impact modifiers increase the toughness and durability of plastics, catering to the needs of the automotive and packaging sectors. Plasticizers improve the plasticity and flexibility of plastics. Stabilizers maintain the functionality of plastics by preventing degradation caused by exposure to heat and light.

Material Type: Significant use of polyvinyl chloride (PVC) due to its durability and fire resistance properties

Engineering plastics are known for their superior mechanical and thermal properties. They are widely used in automotive components, electrical and electronics, consumer goods, and appliances. Ethylene vinyl acetate (EVA) is flexible, transparent, chemical resistant, and has a high friction coefficient. Ethylene vinyl acetate (EVA) is used in various applications such as packaging, footwear, and agriculture due to its durability and flexibility. Polyethylene is the widely used plastic worldwide due to its versatility and high packaging, pipes, and container demand. Polyethylene terephthalate (PET) is used mainly in packaging because it is robust, lightweight, and recyclable properties. Polypropylene is used in automotive, packaging, and textile industries due to its flexibility and durability. Polystyrene is a cost-effective and easily moldable plastic extensively utilized in food packaging and disposable cutlery. Polyvinyl chloride (PVC) is used for construction, packaging, and automotive applications owing to its durability and fire resistance properties. Thermosets provide robust mechanical properties with high-temperature resistance. Thermoset plastics can be found across various industries, such as automotive, construction, electronics, and advanced composites.

Application: Evolving usage of plastic additives in automotive parts

In the automotive industry, impact modifier additives are used to improve the impact strength of the polymer resin while maintaining the lightweight, mechanical properties, design freedom, and easy fabrication. UV light stabilizers used in polymers for building and construction applications provide enhanced color, gloss, and tensile strength retention for various applications, including polymer siding, solar shingles, composite roofing tiles, polymers for plastic tiles, window frames, and stadium seats. Plastic additives are substances added to polymers during manufacturing to enhance their properties, improve processing, or impart new properties. Various types of additives are used in plastic manufacturing, including stabilizers, plasticizers, fillers, pigments, and flame retardants. Plastic additives are crucial for packaging manufacturers to remain agile and aligned with changing consumer preferences. The antioxidants & stabilizers, coupling agents, impact modifiers, compatibilizers, heat resistance, and UV light stabilizers used in food, agriculture, and industrial packaging protect against thermal degradation and provide high gloss, increased tear strength, enhanced adhesion and stability for the product’s lifetime.

Regional Insights

The plastic additive market is evolving in the Americas owing to the presence of a well-established industrial sector and demand for lightweight components in the automotive and aerospace sectors, raising demand for plastic additives in the region. Rapid industrialization, increasing emphasis on semiconductor manufacturing, and demand for innovative packaging solutions are accelerating the use of plastic additives in the APAC region. The EMEA region has witnessed increased demand for food packaging due to rapid urbanization and population growth. Additionally, the rise in building & construction activities coupled with significant demand for enhanced materials for producing automotive components are fueling the use of plastic additives in the EMEA region. Besides, ongoing research to improve the properties of plastic additives is anticipated to encourage their use across end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Plastic Additives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Plastic Additives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • BASF Launches First Biomass Balance Plastic Additives

    BASF launched the industry’s first biomass balance offerings for plastic additives, including Irganox 1010 BMBcert and Irganox 1076 FD BMBcert, certified by TÜV Nord for mass balance. These industry-first solutions support using renewable feedstock to replace fossil feedstock and help BASF’s customers meet their sustainability targets. [Published On: 2023-09-19]

  • Evonik Launches TEGO Cycle Additives Portfolio To Transform Plastic Waste Into Valuable Plastics

    Evonik introduced a range of additives under the TEGO Cycle brand to help its customers improve processes and increase the final quality of recycled plastics. This new range of products was designed to save energy during the mechanical recycling process and enhance the quality of polymers. [Published On: 2023-05-09]

  • Evonik Invests in Interface Polymer’s Additives for Sustainable Plastics

    Evonik has invested in the Interface Polymers Ltd. additives business to simplify the processing of plastics such as mixtures with PE or PP. This investment has advantages in recycling mixed plastics, adhesion of paint inks and glues to plastic surfaces, and dispersion of materials within molded plastics. [Published On: 2023-03-20]

Key Company Profiles

The report delves into recent significant developments in the Plastic Additives Market, highlighting leading vendors and their innovative profiles. These include Adeka Corporation, AkzoNobel NV, Baerlocher Group, BASF SE, Bio-Tec Environmental, LLC, Clariant International Ltd., Dow Inc., DuPont de Nemours, Inc., Eastman Chemical Company, Emerald Performance Materials, Evonik Industries AG, Exxon Mobil Corporation, Grafe Advanced Polymers GmbH, Kaneka Corporation, Lanxess AG, Mitsui & Co. Plastics Ltd., Nanjing Union Rubber and Chemicals Co., Ltd., Nouryon Chemicals Holding B.V., Peter Greven GmbH & Co. KG, Plastics United Group, PMC Global Incorporated, Polymers Compounding Co. Ltd., Sabo S.P.A., Sakai Chemical Industry Co., Ltd., Solvay S.A., Songwon Industrial Co., Ltd., and Wuxi Jubang Auxiliaries Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Plastic Additives Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Anti-fog
    • Antioxidants
    • Blowing Agents
    • Fillers
    • Flame Retardants
    • Impact Modifiers
    • Plasticizers
    • Stabilizers
  • Material Type
    • Engineering Plastic
    • Ethylene Vinyl Acetate
    • Polyethylene
    • Polyethylene Terephthalate
    • Polypropylene
    • Polystyrene
    • PVC
    • Thermosets
  • Application
    • Automotive
    • Construction
    • Consumer Goods
    • Manufacturing Processes
    • Packaging

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Plastic Additives Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Plastic Additives Market?
  3. What are the technology trends and regulatory frameworks in the Plastic Additives Market?
  4. What is the market share of the leading vendors in the Plastic Additives Market?
  5. Which modes and strategic moves are suitable for entering the Plastic Additives Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Plastic Additives Market, by Type
  7. Plastic Additives Market, by Material Type
  8. Plastic Additives Market, by Application
  9. Americas Plastic Additives Market
  10. Asia-Pacific Plastic Additives Market
  11. Europe, Middle East & Africa Plastic Additives Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 310]
  16. List of Companies Mentioned [Total: 27]
Understanding the Plastic Additives Market: The Implications of Conventional Materials Replacement and Excess Usage of Plastic Products
December 4, 2023
Understanding the Plastic Additives Market: The Implications of Conventional Materials Replacement and Excess Usage of Plastic Products
Plastics have been widely used in various industries, from manufacturing and packaging to building and construction. It has become an essential material due to its versatility, durability, and cost-effectiveness. However, the increasing concern over plastic waste has led to the search for better alternatives and more sustainable solutions. This transition has paved the way for the growth of the plastic additives market.

Replacement of Conventional Materials:

One of the primary drivers of the plastic additives market is the replacement of conventional materials with plastics. Plastics have become a go-to material because of their low cost, high durability, and excellent resistance to wear and tear. However, the negative consequences of plastics in the environment, particularly in marine life, have led to the search for better alternatives. As such, the demand for innovative and sustainable materials such as biodegradable and compostable plastics has grown. Plastic additives such as biopolymers and biodegradable additives have been developed to address this demand.

Excess Usage of Plastic Products:

Another key driver of the plastic additives market is the excess usage of plastic products. The demand for plastic additives that aid in reducing and eliminating plastic waste has risen. For instance, photo-degradable additives that use UV light to break down plastics into smaller, biodegradable fragments and ozone-degradable additives, which convert plastics into biodegradable components, are becoming increasingly popular.

Growth of the Plastic Additives Market:

Due to the challenges of plastic waste, the plastic additives market has seen an increase in growth. The rising demand for innovative and sustainable materials has led to the increased adoption of plastic additives in various industries. These industries include packaging, automotive, construction, agriculture, and healthcare. Advancements in technology have also led to the development of new and innovative plastic additives that address complex needs such as UV protection, anti-microbial additives, flame retardants, and more.

Challenges and Opportunities:

The growth of the plastic additives market has not been without challenges. The cost of plastic additives is significantly higher than conventional plastics, which may deter companies from using them. Additionally, the lack of standardization in the quality and performance of plastic additives creates confusion and uncertainty for manufacturers. However, the demand for plastic additives that improve the material's sustainability, performance, and safety creates an opportunity for the industry to address these challenges. More significant investments in research and development, partnerships with manufacturers, and innovative solutions may make using plastic additives a more viable option.

The excessive use of plastic products and the environmental impact of plastic waste have allowed the plastic additives market to grow. The replacement of conventional materials and the search for innovative and sustainable alternatives have led to the expansion of plastic additives. The plastic additives market is expected to grow significantly in the coming years as more industries adopt sustainable practices. While challenges come with adopting plastic additives, the opportunities for the industry to provide sustainable solutions are significant. It's time for the industry to invest in research and development, partnerships with manufacturers, and innovation to address the challenges and create a more sustainable future.

Frequently Asked Questions
  1. How big is the Plastic Additives Market?
    Ans. The Global Plastic Additives Market size was estimated at USD 53.55 billion in 2023 and expected to reach USD 56.11 billion in 2024.
  2. What is the Plastic Additives Market growth?
    Ans. The Global Plastic Additives Market to grow USD 74.74 billion by 2030, at a CAGR of 4.87%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.