Plastic products are manufactured by polymers by mixed them with a blend of materials known as additives.
Sarasota, FL -- (SBWIRE) -- 03/15/2017 -- Zion Market Research, the market research group announced the analysis report titled "Plastic Additives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Plastic Additives Market: Overview
Plastic products are manufactured by polymers by mixed them with a blend of materials known as additives. Plastics additives are materials added to the polymer during a chemical reaction. These additives enhance polymer durability, strength, heat sensitivity and shine property. Decreasing mineral ore reservoirs led to increased cost of metal equipment resulting in increasing plastic additives application, thus replacing metal equipment. They are used to enhance properties of plastics and production of desired plastic products. Major additives manufacturing companies are focusing on specialty chemicals that are used in automobile and construction equipment. Some of the plastic additives are antioxidants, plasticizers, blowing agents, antimicrobial, flame retardants and UV stabilizer. They also possess properties such as stabilizers, modifiers, processing aids and extenders. Additives are catalyst or fillers that improve properties of various applications such as telecommunication, automobile, home and others.
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Global Plastic Additives Market: Growth Factors
Low cost of plastic equipment and relevant chemical properties of the metal are major factors driving the global plastic additives market growth. Plastic additives have diversified product portfolio, hence are expected to open new growth opportunities for the plastic product market. Owing to lower cost equipment, preference of medical devices manufacturers for plastic material instead of metal or other materials, and cost-effective and efficient applications, the demand for plastics products has increased. They are used in various forms and are produced by addition of additives. However, growth is sluggish for plastic additive and still in growing phase and is expected to accelerate in the near future.
Global Plastic Additives Market: Segmentation
The global plastic additives market is segregated based on applications as antimicrobials applications, plasticizers applications, UV stabilizers applications, impact modifiers applications, antioxidants applications and flame retardants application. The plasticizers are dominating segment globally and are anticipated to grow in future owing to increasing acceptance of plastic products. It acts as a plastic modifier and enhances the plastic rigidity. Flame retardants are the second largest segment followed by impact modifiers. Based on product types, the global plastic additives market is categorized as antioxidants, plasticizers, UV stabilizers, impact modifiers, flame retardants, antimicrobials and others. Furthermore, the global market on the basis of functions is divided into property extenders, property modifiers, processing aids and property stabilizers.
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Global Plastic Additives Market: Regional Analysis
Phthalates plastic additives are restricted in the health care industry. Strict regulatory policies are implemented in order to reduce commercial applications of phthalates; this is anticipated to foster the global plastic additives market growth in North America. Some plastic additives such as colorants, flame retardants, plasticizers and other additives are also banned in Europe. In addition, rising healthcare awareness and increasing prevalence of contaminated diseases may foster the global market growth in this region. The European Chemical Registration Legislation Reach, Restriction on Hazardous Substances (RoHS) and Waste Electrical and Electronic Equipment (WEEE) control commercial applications of plastic additives in the electrical and electronic equipment.
Global Plastic Additives Market: Competitive Players
The leading players in the global plastic additives market include BASF SE, Songwon Industrial Co. Ltd., The Dow Chemical Company, Clariant AG and Albemarle Corporation.
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Global Plastic Additives Market: Regional Segment Analysis
Middle East and Africa
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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