Plastic Additives Market

Plastic Additives Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Plastics additives are chemicals which are used to polymerize, process or to achieve desired properties in end use of
plastics. They may be all chemical used in plastic industry except monomer, polymer, co-polymer or physical mixture of
two polymeric components. Plastic additives offer various characteristics such as improved chemical and water resistance,
improved scratch resistance, reduced coefficient of friction, enhancement of gloss, Improved water repellency, suppression
of shark-skin and lowered surface roughness.
Plastic additives are used to improve ease of processing of plastics by increasing the flow ability. Internal lubricants help to
improve the melt flow of material by dropping the heat dissipation and viscosity. Plastic additives prevent the deterioration
of plastic materials where the material is susceptible to microbiological attack. Such attacks can result in staining, odor,
discoloration and loss of aesthetics but most important effect is on the electrical insulating properties and mechanical
properties.
Plastic Additives Market Taxonomy
On the basis of product type, the global market is classified into:
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Impact Modifiers
Antioxidants
Antimicrobials
Plasticizers
Flame Retardants
UV Stabilizers
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REPORT DESCRIPTION
On the basis of function, the global market is classified into:
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Property Modifiers
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Property Extenders
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Property Stabilizers
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Processing Aids
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On the basis of application, the global market is classified into:
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Packaging
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Automobile
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Construction
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Consumer goods
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Owing to properties such as improved impact strength, improved coupling, higher elongation, reduced brittleness and higher
plasticity plastic additives are widely used in automobile and construction industry. In automotive industry plastic additives
have gained increased acceptance in applications such as interior scratch resistant applications in trims or panels, in high
glossy panels for the decoration of middle consoles. The use of plastic additives has increased rapidly in the consumer goods
industry to its ease of recycling. Extend the lifetime of UV sensitive construction applications. In construction industry
plastic additives are used to maintain appearance and properties, thermal protection, long-term durability and for
maintenance of integrity of polymer properties during processing.
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Plastic Additives Market Outlook – Increasing Demand for Recyclable
Materials to be the Major Market Driver:
Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia
Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is mainly attributed to
the anticipated growth in various end use industries such as automotive and construction, especially in developing countries
such as China and India. According to IBEF, US$ 300 billion will be generated by the Indian automotive industry by 2026.
India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of
Commerce in collaboration with the Government of India with the purpose of promoting and creating international
awareness of goods manufactured in India. On the other hand, Europe also provides lucrative opportunities for plastic
additives manufacturers due to increasing plastic material from automobile, consumer goods, and construction industries
among others.
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Some of the major companies operating in the global plastic additives market include BASF SE, Songwon Industrial Co.
Ltd., Clariant AG, Albemarle Corporation and The Dow Chemical Company.
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