Plastic Additives Market to Hit USD 71.97 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights

April 14 20:29 2023
Plastic Additives Market to Hit USD 71.97 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights
Plastic Additives Market
The Plastic Additives Market size was valued at USD 51.83 Bn. in 2022 and the total Market revenue is expected to grow by 4.8% from 2023 to 2029, reaching nearly 71.97 Bn.

Pune 14 April 2023: The “Plastic Additives Market” was USD 51.83 Bn in 2022 and is expected to grow at a CAGR of 4.8 percent to reach USD 71.97 Bn by 2029 during the forecast period. The Plastic Additives Market report is published by Maximize Market Research and is available in the market.                  

Plastic Additives Market Scope and Research Methodology 

The report is a thorough analysis of the Plastic Additives market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Plastic Additives market. The bottom-up approach was used to understand the Plastic Additives market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the Plastic Additives market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Plastic Additives market.

Regional analysis of the Plastic Additives market conducted at a local, regional and global level. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Plastic Additives market.  SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Plastic Additives Market.    

Plastic Additives Market Dynamics  

Plastic additives are largely applied in the packaging, consumer goods, automotive and agricultural industries. Compared to traditional materials plastic additives have high electrical and mechanical qualities and better chemical resistance. As a result, instead of the use of traditional materials, the increasing preference for the use of plastic additives helps to drive the growth of the market. The increase in the use of molded parts for vehicle production in the automotive industry is also influencing market growth. 

The plastic Additives Market is driven by the growth in the packaging industry, the growing adoption of plastic Additives in the construction and building sector, new innovations in the product line increasing demand for the product and the increasing investment in research and development of bio-based plastics. During the forecast period, market growth is expected to be hampered by the stringent government regulations governing the plastic industry

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Plastic Additives Market Regional Insights

Asia Pacific dominated the Plastic Additives Market with the largest market share in 2022. The regional market is driven by the growth in the construction sector, rapid urbanization, the growing packaging sector rising disposable income increasing demand for consumer goods and automotive and growth in the e-commerce sector. The increasing demand for Chinese goods is also fueling the growth of the market. China is the key market for Plastic Additives due to low-cost raw materials and the availability of labor. 

During the forecast period, North America is expected to grow at a significant growth rate for the Plastic Additives Market. The increasing demand from the packaging industry, rapid growth in the E-commerce industry, increasing construction activities and high investment in the military and aerospace sectors are the expected factors that are responsible for the regional growth of the market. 

Plastic Additives Market Segmentation

By Plastic Type

  • Commodity
  • Engineering
  • High-Performance Plastic


By Product

  • Plasticizers
  • Stabilizers
  • Flame Retardants
  • Impact Modifiers


By Application

    • Packaging
    • Consumer Goods
    • Construction
    • Automotive
  • Others


Plastic Additives Market Key Players Include:

  • Lanxess AG (Germany)
  • Biesterfield Plastic GmbH (Germany)
  • Evonik Industries AG (Germany)
  • BASF SE (Germany)
  • Altana AG (Germany)
  • Clariant AG (Switzerland)
  • Albemarle Corporation (US)
  • ExxonMobil Chemical (US)
  • The Dow Chemical Company (US)
  • Cabot Corporation (US)
  • Ferro Corporation (US)
  • Chevron Phillips Chemical Company LLC (US)
  • Arkema Group (France)
  • Italmatch Chemicals SpA (Italy)
  • Nouryon (Netherlands)
  • Grupa Azoty S.A. (Poland)
  • Kaneka Corporation (Japan)
  • Mitsui Chemicals (Japan)
  • DIC Corporation (Japan)
  • Kao Corporation (Japan)
  • Toray Industries (Japan)
  • Songwon Industrial Co. Ltd. (South Korea)
  • LG Chem Ltd. (South Korea)
  • Sennics Co., Ltd. (Thailand)
  • SABIC (Saudi Arabia)


Table of Content for Global Plastic Additives Market: 

  • Global Plastic Additives Market: Research Methodology


  • Global Plastic Additives Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market  
  • Summary
  • Key Findings 
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Plastic Additives Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Plastic Additives Market  Segmentation
  • Global Market, by Plastic Type (2022-2029)
  • Global Market, by Product (2022-2029)
  • Global Market, by Application (2022-2029)


  • Regional Plastic Additives Market  (2022-2029)
  • Regional Market, by Plastic Type (2022-2029)
  • Regional Market, by Product (2022-2029)
  • Regional Market, by Application (2022-2029) 
  • Regional Market, by Country (2022-2029)     


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of the Plastic Type, Product, Application and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Recommendations


Key questions answered in the Plastic Additives Market are:

  • What are Plastic Additives?
  • What was the Plastic Additives market size in 2022?
  • What is the growth rate of the Plastic Additives Market?
  • Which are the factors expected to drive the Plastic Additives market growth?
  • What are the different segments of the Plastic Additives Market?
  • What are the factors restraining the growth of the Plastic Additives Market?
  • What is the demand pattern of the Plastic Additives Market?
  • What major challenges could the Plastic Additives Market face in the future? 
  • What segments are covered in the Plastic Additives Market?
  • Who are the key players in the Global Plastic Additives market?
  • What are the upcoming industry applications and trends for the Plastic Additives Market?


Maximize Market Research is leading Material & Chemical and research firm, has also published the following reports:

Antimicrobial Plastics Market – The market size is expected to reach USD 49.93 Bn by 2029 at a CAGR of 7.8 percent during the forecast period. The market is driven by ascending product demand in the medical devices market and rising healthcare costs and rising consumer health awareness and the increasing demand for products with a longer shelf life.

Plastic Resins Market – The market size is expected to reach USD 569.49 Bn by 2029 at a CAGR of 4.40 percent during the forecast period. The market is driven by increasing government expenditure in the construction industry, advancements in packaging and favorable federal regulations on carbon emissions.  


About Maximize Market Research: 

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


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