Global Green Polymer Additive Market: by Type (Plasticizers, Stabilizers, Fillers, Flame Retardants, and Antioxidants), by Applications (Packaging, Automotive, Biopolymer, Injection Molding, Caps & Closures, and Others), and by Region till 2023
Pune, India -- (SBWIRE) -- 03/29/2018 -- The Global Green Polymer Additive Market is segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is leading the Global Green Polymer Additive Market. The U.S. is the largest market in this region on account of growing consumer awareness. This is driving the demand for Green Polymer Additives in manufacturing of bio-degradable packaging materials. Increasing threat of cancer due to use of synthetic polymer and plastic materials in food packaging is expected to favor the demand for Green Polymer Additives during the forecast period. Apart from packaging industry, the U.S aerospace and automotive industry mulling to maximize the use bio-degradable materials, which may fuel the demand for Green Polymer Additives. Moreover, natural polymers are increasingly used in the construction industry as an adhesives & sealants. Reconstruction activities in the U.S are on the rise with more emphasis on the development of sustainable structure. The U.S natural polymer market is estimated to grow at a CAGR of ~6.5%, which would drive the demand for Green Polymer in North America.
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Europe is the second most significant market in the Global Green Polymer Additives Market. The U.K., Germany, Belgium, and the Netherlands are the major contributors to this region. This is attributed to the presence of major key players in the region, which are engaged in an extensive research activities of developing green, bio-degradable, eco-friendly products and at the same time a durable, strong and sustainable polymeric material. Furthermore, stringent government policies are in place against use of unhealthy synthetic plastic materials such as polyethylene and PVC, among the others, has necessitate the development of harmless materials as a substitute. Registration, Evaluation, Authorization, and Restriction (REACH) of chemicals program launched by European Union (EU) requires companies to provide data showing that their product are harmless and safe for both human consumption and environment. This has obliged the development of harmless materials as a substitute to the present unsafe materials. Adoption and availability of modern technology is also an important factor propelling the growth of the regional Green Polymer Additive Market. Asia Pacific is also an important market in the Global Green Polymer Additive Market owing to a rapid adoption of international regulations in favor of environmental safety. Apart from that, the region is witnessing increased R&D activities in the field of green chemistry. People in developing countries in this region are becoming more aware regarding the harmful nature of synthetic materials. The growing public awareness mingled with ongoing research in the region would push the growth of the Green Polymer Additives Market in this region.
Emery Oleochemicals Group (Malaysia)
Clariant AG (Switzerland)
The Dow Chemical Company (U.S.)
BASF SE (Germany)
Lanxess A.G. (Germany)
AkzoNobel N.V (Netherlands)
Evonik Industries AG (Germany)
PolyOne Corporation (U.S.)
Solvay S.A. (Belgium)
Myriant Corporation (U.S.)
The Global Green Polymer Additives Market is segmented on the basis of type, application, and region. Based on type, the market is divided into plasticizers, stabilizers, fillers, flame retardants, antioxidants, and others. On the basis of applications of polymer, the market is segmented into packaging, automotive, biopolymer, injection molding, caps & closures, and others. Geographically the Global Green Polymer Additive Market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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