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Various Strategic Agreements by Key Market Players to Drive the Global Plastic Additives Market

Published: May 2022

The global plastic additives market is anticipated to grow significantly at a CAGR of 4.5% over the forecast period.   The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For an instance, in April 2021, Songwon Industries Co. Ltd. expanded its Cheminox distribution relationship to encompass Bangladesh, Nepal, and Sri Lanka. Songflame WB 201, a solvent-free, aqueous flame retardant, was also launched by the company in March 2020. It is utilized in textile applications that require flame retardant qualities and is developed for coating, adhesives, sealants, and elastomers. To save fossil resources and cut CO2 emissions, BASF SE released biomass-balanced plasticizers with renewable raw materials in April 2021.

Browse the full report description “Global Plastic Additives Market Size, Share & Trends Analysis Report by Plastic Type (Polyethylene, Polystyrene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), by Type (Lubricants, Slip Additives, Plasticizers, and Others), and by Application (Packaging, Consumer Goods, Automotive, and Others) Forecast Period (2022-2028) ” at https://www.omrglobal.com/industry-reports/plastic-additives-market 


The plastics industry's largest end-user is the packaging. The packaging sector in China is predicted to grow rapidly during the forecast period, driven by consumer demand for lighter, cheaper, and more convenient packaging. This, in turn, is expected to enhance the plastic additives market. The COVID-19 spread has affected India's automotive industry severely. The government's policies, such as "Aatma Nirbhar Bharat" and "Make in India," are expected to stimulate the industry. In the coming years, the Indian government will push for major projects. By 2022, the government's "Housing for All" project aims to construct more than 20 million affordable dwellings for the urban poor. The smart cities program would receive INR 6,450 crore in the 2021-22 budget, compared to INR 3,400 crore in the revised estimates for 2020-21. During the forecast period, all of the aforementioned factors are likely to increase the demand for plastic additives in consumer products, construction, and automotive applications.

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Plastic Type 
  • By Type 
  • By Application 

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- BASF SE, Clariant AG, Albemarle Corp., Songwon International Co. Ltd., and Lanxess AG among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in the base year?
  • Which segment/region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

oRecovery Timeline

oDeviation from the pre-COVID forecast

oMost affected region/segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Plastic Additives Market – Segmentation

By Plastic Type

  • Polyvinyl Chloride
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyethylene
  • Others

By Type  

  • Lubricants 
  • Slip Additives 
  • Plasticizers 
  • Others 

By Application 

  • Packaging
  • Consumer Goods 
  • Automotive 
  • Others 

Global Plastic Additives Market – Segmentation by Region 

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/plastic-additives-market 

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