Plastic additive is a diversified industry with various types of additives such as property modifiers, property extenders, property stabilizers and processing aids and is set to demonstrate a high growth rate over the next few years.
Albany, NY -- (SBWIRE) -- 01/28/2016 -- The global plastic additives market has been on the rise over the recent decades owing to the rising levels of disposable income among consumers in Asia Pacific. Rise in demand for plastic additives is supported by the growing operations of the construction industry in Asia Pacific and Latin America. Growing GDP and urbanization in these two regions, mainly in dynamic economies such as China, India, South Africa, and Brazil, is majorly responsible for the growing demand from the global plastic additives market.
The global market for plastic additives is classified according to various criteria, such as function, product type, and worldwide presence of the global market. Historical and projected future statistics of all market segments are then detailed to map out the growth trajectory of the global plastic additives market during the forecast period.
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The report employs time-trusted analysis tools such as and market attractiveness analysis and Porter's five forces analysis to examine various aspects of the market. The five forces analysis examines the rivalry in the plastic additives market between buyers and vendors, emerging and established market players, and substitute and established products. Primary and secondary information is collated to present reliable information about the global plastic additives market.
The value chain of the plastic additives industry is analyzed in detail, in order to offer a snapshot of the upstream supply and downstream demand dynamics of the market and demand patterns regarding each product type and from each application and regional segment.
Overview of the global plastic additives market
Due to the growing demand from a variety of regional segments, the global plastic additives market is expected to grow at a 3.8% CAGR by volume from 2011 to 2016.
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The global plastic additives market is segmented on criteria such as product types, function, and geography. Market size of all segments is presented in the report. The main product types in the global plastic additives market are plasticizers, impact modifiers, flame retardants, antioxidants, UV stabilizers, and antimicrobials. The importance of the role of plasticizers in the plastic industry has resulted in the segment gaining a lion's share of the market. Plasticizers accounted for about 50% of the global plastic additives market.
By function, the plastic additives market is segmented into property modifiers, property extenders, property stabilizers, and processing aids.
Of the geographical segments of the global plastic additives market, Asia Pacific emerged as the market leader, due to the strong growth prospects of the construction and automotive industries in Asia Pacific. The automotive industry in China, in particular, is expected to undergo rapid growth in the forecast period, resulting in higher demand for plastic additives. Other BRIC countries, in addition to South Korea, Saudi Arabia, and Iran are major geographical segments of the plastic additives market.
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Companies mentioned in the report
The report profiles major companies in the global plastic additives market, which is led by companies such as Bayer, Chemtura Corporation, Exxon Mobil, and Kaneka. Analysis of market operations of these and other leading players and their financial breakdown are presented in the report, to provide comprehensive a competitive landscape analysis.
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