Plastic additives market shows positive signs of growth
2 May
2014
There has been a constant battle of science within to invent a better version of previous product. Hence, science has evolved from its first ever discovery. It only makes science more amazing and interesting. Classic example would of plastic additives. What are plastic additives? Well, plastic additives are organic or inorganic molecular compounds added to polymer to enhance their properties to render them more useful.
When you add substance to polymer, the combination is known as a composite.These additives improve the characteristics of polymers such as strength, durability, shine, and heat sensitivity. There has been a rise in the use of plastic additives to provide plastics a superior strength and agility. Also, a latest report by Allied Market Research concurs and states that the global Plastic Additive Market would reach $57.8 billion growing at a CAGR of 4.4%.
Plastic Additive Market Drivers:
Depletion mineral ores
Increasing cost of metal equipment
Properties of plastics matching to that of metal equipment
Lower cost of plastic equipment
Plastic Additive Market restraints:
Stringent government regulations
Pending legal suits
Various other legal suits that companies are facing such commercial application of banned product, and patent imitation suit etc.
Market Segmentation of Plastic additive on basis of type:
Plasticizers
Flame Retardants
Impact Modifiers
Antioxidants
Anti-microbial
UV Stabilizers
Plasticizers dominate the plastic additives market on basis of types in terms of value and volume. Flame retardants plastic additives market is expected to grow fastest at a CAGR of 5.4% during 2013 to 2020.
Market Segmentation in terms of Geographies:
North America
Asia Pacific
Europe
LMEA
Asia Pacific region has the largest share in terms of revenues. As per the report, Asia pacific and RoW would account for 60% of the overall revenue by 2020.
Why Asia Pacific and RoW have such growth potential?
This is because of readily available economical workforce and low cost of raw materials
Key Players in Plastic additives market:
ASF
Chemtura Corporation
Exxon Mobil Corporation
Bayer Ag, Clariant Ltd
Kaneka Corporation.
View all reports related to Bulk Chemicals Market at:
https://www.alliedmarketresearch.com/materials-&-chemicals/bulk-chemicals-market-report
Eswar Prasad
Research Analyst at Allied Market Research
Eswar has more than six years of experience in market research and consulting in chemical and energy domains. He is actively involved in analyzing markets for specialty chemicals, commodity chemicals, bulk chemicals, materials, oil & gas equipment, petrochemicals, power industry, renewable & non-renewable energy and others. He is a part of multiple consult projects, syndicate and customized studies, with active involvement in providing critical business research insights to clients with his industry expertize. He is experienced in planning, commissioning, multi-tasking, and executing projects to attain specific client needs. His strength lies in trend analysis, data forecast, procurement analysis, building analytical models, business consulting and so on.
Avenue: Entire Library membership of Allied Market Research Reports at your disposal
- Avenue is an innovative subscription-based online report database.
- Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
- A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
- Request customizations, suggest new reports, and avail analyst support as per your requirements.
- Get an access to the library of reports at any time from any device and anywhere.
Related Post
Share on Social Media
-
Toys to Still be the Old-School Mantra for Development and Growth of the Children
-
Corn starch to become a star raw material for new inventions
-
Sense The Curve: Retail And Fashion Industry To Recognize Plus Size Clothing Across Various Outlets
-
Blackstrap molasses to come to rescue for people with bowels, hemorrhoids, arthritis, and diabetes
-
Novel Trends In Savory Ingredients That Define The Future Of Flavor Of International Cuisines