• 出版社/出版日：Mordor Intelligence / 2020年6月30日
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The plastic additives market is expected to witness a healthy growth, at an estimated CAGR of around 5% over the forecast period. One of the major factors driving the growth of the market studied is the replacement of conventional materials by plastics in several applications.
On the flip side, stringent regulations over plastic usage in several countries are restraining the growth of the plastics industry, globally, which is directly affecting the plastic additives demand on the global front.
The market studied has been segmented on the basis of type, plastic-type, application, and geography. By plastic type, polypropylene is likely to be the fastest-growing segment among others.
Key Market Trends
Packaging Segment to Dominate the Market
The packaging industry mostly relies on polymers for the packaging and decoration of its end-user products. Factors leading to the increased application of polymers in the packaging industry are certain properties of polymers, including lightweight, availability in different colors, low reactivity, chemical, and moisture resistance, etc.
The usage of suitable plastic additives contributes toward extended lifetime, appearance, thermal protection, clarity, low haze, and improved mechanical properties, which are the most important factors for packaging.
Major forms of plastics used in the packaging industry are polyethylene terephthalate (PET/PETE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), low-density polyethylene (LDPE), polypropylene, polystyrene, etc.
One of the main applications of packaging is in the food and beverage industry. With the increase in the awareness toward hygiene and health among the global population, the packaging industry is also growing at a steady pace.
Packaging of food items is a process that continually responds to the changes in demand and supply, which are the results of adaptations to the varying demands of the consumers, changes in retail practices, technological innovations, and new developments in legislation, especially, with respect to environmental concerns.
A wide range of additives is available for enhancing the performance and appearance of food packaging, where polymer additives are important areas of innovation for packaging materials.
All the aforementioned factors, in turn, expected to increase the demand for the PVC during the forecast period.
Asia-Pacific Region to Dominate the Market
Asia-Pacific region dominated the global market share. China is one of the lucrative markets for plastic additives, due to the availability of low-cost raw materials and labor. All plastics products are made from essential polymers, mixed with a complex blend of materials, collectively known as plastic additives. China is one of the largest producers of plastic materials in the world, accounting for ~30% of the global plastics production.
Packaging is the largest end user for the plastics industry, accounting for more than one-quarter of total plastics usage. The rapid development of e-commerce has greatly promoted the development of the packaging industry in the country. With the rise in demand for lighter, cheaper, and more convenient packaging from consumers, the packaging sector in China is set to experience rapid growth, during the forecast period, which, in turn, is expected to boost the plastic additives market.
For roughly three decades, China’s booming economy has offered consumer product companies some of the world’s greatest growth opportunities. Attracted by the huge potential of Chinese consumer goods market, many foreign companies have entered China and set up production units. With the growth of consumer goods production, plastic additive consumption may also see increased demand.
As living conditions continue to improve in China, people are becoming increasingly willing to invest in home decoration. Consumers’ increasing purchasing power has majorly boosted the furniture market. Chinese furniture market is increasing, with the emergence of the new middle class population. Plastic additives are used to manufacture plastic furniture.
The market for plastic additives is fragmented in nature, as the top 10 leading players account for only 40% of the market. Due to the intervention of small- and medium-scale manufacturers in the additives market, the market share of global producers has constricted at huge extent. Major players of the market are BASF SE, ExxonMobil, Evonik Industries, DowDuPont, and Nouryon, among others.
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1.1 Study Assumptions
1.2 Scope of the Report
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Replacement of Conventional Materials by Plastics in Several Applications
4.1.2 Increasing Demand for Plastics due to Rapid Urbanization and Rising Purchasing Power among Consumers
4.1.3 Other Drivers
4.2.1 Stringent Governmental Regulations to Prohibit Plastic Usage, by Different Countries
4.2.2 Impact of COVID-19 Pandemic
4.2.3 Other Restraints
4.3 Industry Value-chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1.2 Processing aids (Fluoro-polymer based)
5.1.3 Flow improvers
5.1.4 Slip additives
5.1.5 Antistatic additives
5.1.6 Pigment wetting agents
5.1.7 Filler dispersants
5.1.8 Antifog additives
5.1.11 Flame Retardants
5.1.12 Impact Modifiers
5.1.13 Other Types
5.2 Plastic Type
5.2.1 Polyethylene (PE)
5.2.2 Polystyrene (PS)
5.2.3 Polypropylene (PP)
5.2.4 Polyamides (PA)
5.2.5 Polyethylene Terephthalate (PET)
5.2.6 Polyvinyl Chloride (PVC)
5.2.7 Polycarbonate (PC)
5.2.8 Other Plastic Types
5.3.2 Consumer Goods
5.3.5 Other Applications
22.214.171.124 South Korea
126.96.36.199 ASEAN Countries
188.8.131.52 Rest of Asia-Pacific
5.4.2 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.4.4 South America
22.214.171.124 Rest of South America
5.4.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ADEKA CORPORATION
6.4.2 Baerlocher GmbH
6.4.3 BASF SE
6.4.6 Emerald Performance Materials
6.4.7 Evonik Industries AG
6.4.8 Exxon Mobil Corporation
6.4.9 KANEKA CORPORATION
6.4.11 Mitsui & Co. Plastics Ltd.
6.4.13 SABO S.p.A.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Research to Develop Bio-based Plastics
7.2 Innovative Product Applications