DUBLIN--(BUSINESS WIRE)--The "Global Functional Additives Market 2017-2021" report has been added to Research and Markets' offering.
The global functional additives market to grow at a CAGR of 4.27% during the period 2017-2021.
Global Functional Additives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Packaging additives are broadly classified based on their functionalities into two types: Functional additives and barrier coatings. Barrier coatings are commonly used to provide a physical barrier or an effective moisture barrier and smooth base for the packaging substrate.
According to the report, one of the major drivers for this market is Growing demand from packaging industry. Packing materials are generally used to contain the product, increase its shelf life, preserve product quality, and for hassle-free transportation and distribution.
The latest trend gaining momentum in the market is Growing demand for reverse logistics in packaging. The food and beverages industry is one of the main sources of packaging waste. The packaging for foods is commonly done with plastic wrappers or containers. The non-biodegradable nature of plastics raises sustainability concerns.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Several chemicals that are used in the manufacturing of functional additives are derived from crude oil. The oil and gas industry is one of the principal suppliers of raw materials such as phenols and aromatic amines. These raw materials are mainly produced from the petroleum fraction downstream products. Fluctuations in the prices of crude oil have a severe effect on the prices of raw materials, which affects the costs of functional additives.
Key vendors
- Akzo Nobel
- ALTANA
- BASF
- Clariant
- Solvay
Other prominent vendors
- ADEKA CORPORATION
- Addivant
- DuPont
- Dynea
- Milliken Chemical
- PolyOne
- SABO
- SONGWON
- The Valspar Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Type
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/gmxww5/global_functional
