DUBLIN--(BUSINESS WIRE)--The "Plastic Additive Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global plastic additive market is expected to reach an estimated $50 billion by 2023 with a CAGR of 4.2% from 2018 to 2023.
The major growth drivers for this market are increasing demand for plastics in various end use markets and increasingly stringent safety standards for smoke and flammability.
Emerging trends, which have a direct impact on the dynamics of the plastic additive industry, include the development of bio based plasticizers and growing consumption of nanopowder or nanoparticle aluminum hydroxides.
The study includes the plastic additive market size and forecast for the global plastic additive market through 2023, segmented by product type, by end use industry, by plastic type, by function, and region.
The report forecasts that plasticizer will remain the largest additive type over the forecast period supported by growth in demand for flexible polyvinyl chloride (PVC) plastic in film & sheet, wire & cable, and flooring applications. The research also predicts that the flame retardant additive is expected to witness the highest growth during the forecast period due to more stringent fire safety standards and growth in the markets of construction and electrical & electronics.
Within the plastic additive market, construction will remain the largest end use industry during the forecast period due to increasing demand for plastics in construction; these include pipes and fittings, flooring, wall-coverings, and wire and cable applications. The research predicts that the demand for plastic additives for packaging end use is likely to experience the highest growth in the forecast period due to its growing demand in the areas of food and beverages, household products, industrial products, personal care, and pharmaceuticals.
Key Topics Covered
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012-2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
- Akzo Nobel N.V.
- BASF SE
- Evonik Industries AG
- LANXESS Aktiengesellschaft
- The Dow Chemical Company
For more information about this report visit https://www.researchandmarkets.com/research/qd6lmt/global_plastic?w=4