The Plastic Additives Market deals with the development, manufacture and distribution of various varieties of plastic additives like concrete additives, biodegradable additives and concrete additives. A polymer is combined with plastic additives to form polymer additives, whose enhanced capabilites include durability and strength.
Plastic products are simply not tough enough to utilize without additives. Hence, the Plastic Additives Market added additives to make them clean, safe and tough for various uses including construction through concrete additives. The environment is also being taken care of through the development of biodegradable additives.
Initially. the plastic industry was worried about the cost of acquiring additives. But the R&D efforts of the plastic additive suppliers within the Plastic Additives Market have ensured that production costs have gradually reduced and shelf-life of polymer additives has been enhanced. These developments are crucial as raw materials are increasingly scarce and recycling has become the buzzword within manufacturing industries.
Scope & Regional Forecast of the Plastic Additives Market
The immense effort put in by the Plastic Additives Market over the years is rapidly paying off as the flexibility that comes with plastic and polymer additives has resulted in the development of a wide range of specialty plastic items.
The plastic industry as well as plastic additives suppliers have witnessed that plastic additive are being used as a key component within property modifiers. Subsequently, property modifers are being utilized to enhance the quality of circuit boards, furniture, cables, etc.
Currently, the highest Plastic Additives Market share is held by Asia-Pacific followed by Europe and North America. Plastic additives Suppliers expect Asia-Pacific and certain parts of Africa to bump their growth rates significantly till 2020 as a growing population demands electronics and automobiles at a rapid pace.
Segmentations & Key Players Involved in the Plastic Additives Market
According to IndustryARC findings, the Plastic Additives Market can be broken down into various segmentations on the basis of –
Type: Antimicrobials, Antioxidants, Flame Retardants & Smoke Suppressants, Impact Modifiers, Plasticizers, UV Stabilizers, Electrostatic Induction and Others.
Plastic Type: Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polystyrene (PS) and Others.
Application: Automobiles, Construction & Buildings, Consumer Goods, Electrical and Electronics, Packaging, Fiber and Textiles and Others (like Agriculture).
Geographical Location: North America, Asia-Pacific, Europe and RoW (Rest of the World).
Some of the key players involved in the Plastic Additives Market according to IndustryARC are as follows:
- Dow Chemical Company
- E.I. DuPont de Nemours
- Eastman Chemical Company
- Evonik Industries AG
- Rhein Chemie Rheinau (LANXESS AG)
- PMC Global Incorporated
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