DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Performance Additives Market by Type (Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives), End-Use Industry (Packaging, Household Goods, Automotive, Industrial, Construction), and Region - Global Forecast to 2021" report to their offering.
The global performance additives market is projected to reach USD 110.35 billion by 2021, at a CAGR of 8.0%
This growth can be attributed in parts to the rising investments in new manufacturing plants for packaging in various countries. This growth also stems from a rise in demand for rigid and flexible packaging in the food and beverage packaging industries.
Plastic additives are ingredients that are added in polymer to improve its characteristics, such as strength, durability, and heat sensitivity. Plastic additives are materials that are added to enhance the processability, performance, or appearance of the polymer. Plastic additives have found widespread applications in building & construction, packaging, transportation, textiles, electronics, and other sectors, such as healthcare, consumer goods, and telecommunication. The demand for plastic additives is estimated to grow on account of the increasing consumption of plastic and the rising disposable income of consumers.
The Asia-Pacific region is the largest and the fastest-growing performance additives market, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, and increase in the applications of performance additives across the packaging, automotive, industrial, and construction industries are some of the major factors expected to fuel the growth of the market in this region. Countries such as China, South Korea, and Japan are expected to drive the growth of the Asia-Pacific performance additives market.
BASF SE (Germany), AkzoNobel N.V. (Netherlands), Solvay S.A. (Belgium), Evonik Industries AG (Germany), Lanxess (Germany), Arkema SA (France), and Huntsman International LLC (U.S.) are the leading companies in this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Performance Additives Market, By Type
7 Performance Additives Market, By End-Use Industry
8 Performance Additives Market, By Region
9 Dive, Performance Additives
10 Company Profiles
- Akzo Nobel N.V.
- Arkema SA
- BASF SE
- Cytec Solvay
- Evonik Industries AG
- Lanxess AG
- The DOW Chemical Company
For more information about this report visit http://www.researchandmarkets.com/research/z95w8g/performance