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Plastic Additive Market Global Industry Analysis, Trends, Market Size & Forecasts To 2023


Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

"We have produced a new premium report Plastic Additive Market. The report covers the analysis of global as well as regional markets of Plastic Additive. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Plastic Additive Market by additives type(plasticizers, stabilizers, flame retardants, impact modifiers), by function(property modifiers, property stabilizers, property extender), by application(packaging, automotive, consumer good, construction, manufacturing processes) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW. The market size of global plastic additive market was valued over USD 38.50 billion in 2015 and it is projected to grow with a CAGR of 4.9% during the forecast period of 20172023 to surpass USD 55 billion by 2023. The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Plastic Additive Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Plastic Additive Market are Akzo Nobel NV, Albemarle Corporation, Amfine Chemical Corporation, BASF SE, Chemtura Corporation, Croda International pl, Dow Chemical Company, EI DuPont de Nemours, Eastman Chemical Company, Evonik Industries AG, Rhein Chemie Rheinau, PMC Global Incorporated." For More Details Get Free Sample Pages of this Premium Report @ https://www.infiniumglobalresearch.com/reports/sample-request/153 Increasing disposable earnings of the people from emerging economies to promote growth in the plastic additive market over 2017 to 2023 Rising industrial output and increased economic activity in emerging markets of Asia & South America are the factors anticipated to drive he plastic additive market. Additionally, rising demand for plastic components in the construction industry in the Asia-Pacific region is expected to propel the plastic additives market. On the other hand, Additives facilitate the use of plastic in spacecraft due to the ability to sustain at high temperatures is expected to Š Infinium Global Research

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Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

provide huge opportunities for the key players in the plastic additive market. Plastics surfaced as an alternate solution to replace the use of metals in numerous industrial and nonindustrial applications such as automotive manufacturing, mechanical fasteners, medical equipment, and commercial furniture and so on. Asia Pacific region to contribute to growth in the plastic additive market over the next 6 years Asia Pacific is expected to witness significant growth in the plastic additive market. Moreover, India and China are the lucrative markets due to presence of low-cost labor and raw materials. Furthermore, In the U.S., manufacturing of toys and other children’s product by phthalates is banned under the regulation of Consumer Products Safety Improvement Act (CPSIA). Omkar Harne a research analyst at Infinium Global Research quoted that increasing industrial output and economic growth in India, Indonesia, Malaysia and China is expected to drive regional demand over the forecast period. Moreover, China is the largest in terms of purchasing power parity and the second-largest economy in nominal GDP. Mergers and Acquisitions to remain key expansion strategies of the leading players in the plastic additive market between 2017-2023 The leading companies identified in the market are BASF SE, ExxonMobil, Akzo Nobel N.V., and Evonik Industries AG. Furthermore, technological innovation, product development, and production optimization are crucial for industry participants to maintain a competitive edge. On the other hand, BASF increased prices of additives for plastic applications. In addition, The U.S. FDA has formulated the Federal Code of Regulations, Title 21, Part 177 to regulate the types of indirect additives used in food contact substances. However, integrated companies providing feedstock, final products and supplying them to end-user such as automotive, OEMs, construction, electronics, and footwear dominated the global plastic additives market share. Segments Covered in this Premium Report

Š Infinium Global Research

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Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report segments the global plastic additives market by additives type, by function, by application and by region. Market segmentation based on types of additives includes plasticizers, stabilizers, flame retardants, impact modifiers and others. Plasticizers registered major market share of the plastic additive market and is largely used to process polymers and are less expensive than other additives. On the basis of function market is segmented into property modifiers, property stabilizers, property extenders and processing AIDS, while the application segment comprises packaging, automotive, consumer good, construction, manufacturing processes and others. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. APAC was the largest plastic additives market and accounted market share of more than 35%. Moreover, increasing industrial output, economic growth in India, China, Indonesia and Malaysia and rapidly growing packaging industry across the region are expected to drive the dominance of APAC over the forecast period. Nevertheless, Europe is the most promising region after APAC and is anticipated to witness fastest CAGR of XX% over the forecast period. Rising automotive industry coupled with increasing adoption of plastic products are the factors likely to drive the growth of plastic additive market over the forecast period across the region. Major key Players Covered in this Report The companies covered in the report includes, Akzo Nobel NV, Albemarle Corporation, Amfine Chemical Corporation, BASF SE, Chemtura Corporation, Croda International pl, Dow Chemical Company, EI DuPont de Nemours, Eastman Chemical Company, Evonik Industries AG, Rhein Chemie Rheinau, PMC Global Incorporated. Report Highlights: The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of plastic additives globally as well as regionally. Moreover, IGRŠ Infinium Global Research

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Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of plastic additives market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the plastic additives market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.The report also provides in depth analysis of regulatory framework pertaining to plastic additive market. This will help the companies to understand the regulatory compliance's, supports, barriers in the plastic additive market. This section highlights key amendments and their implication on plastic additive market in the short run as well as in the long run. This report will help manufacturers, suppliers and distributors in market to understand the present and future trends in this market and formulate their strategies accordingly. Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/chemical-material/global-plastic-additivemarket

Š Infinium Global Research

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Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023  

Rapidly increasing usage of plastics in industrial manufacturing, construction, automotive and mechanical engineering coupled with increasin...

Plastic Additive Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023  

Rapidly increasing usage of plastics in industrial manufacturing, construction, automotive and mechanical engineering coupled with increasin...

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