Europe Plastic Additives Market Size, Share & Trends Analysis Report By Plastic Type (High-Performance Plastics, Commodity Plastic, and Engineering Plastic), By Application, By Type, By Country and Growth Forecast, 2023 - 2030
The Europe Plastic Additives Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,783.0 Kilo tonnes, showcasing a growth of 4.0% (2019-2022).
In the automotive sector, where lightweight and durable materials are essential, plastic additives play a crucial role. Flame retardants, impact modifiers, and lubricants are incorporated to meet stringent safety standards and improve the overall performance of automotive components. The drive towards electric vehicles and the need for fuel efficiency have further heightened the demand for lightweight yet robust plastic materials.
Moreover, it has extensive applications in the construction industry, contributing to the development of weather-resistant, insulating, and aesthetically appealing building materials. Additives such as plasticizers and flame retardants are utilized in producing pipes, cables, roofing materials, and insulation, enhancing the durability and safety of construction products. Likewise, the healthcare sector has witnessed an increasing integration of plastic materials and, consequently, plastic additives. Medical devices, packaging for pharmaceuticals, and even certain types of implants utilize specialized plastic formulations with additives that ensure biocompatibility, sterilizability, and compliance with stringent regulatory standards.
Additionally, to increase fuel economy and comply with environmental regulations, the automotive industry in the United Kingdom is, like many others, concerned with reducing vehicle weight. Reinforced with additives such as fillers and reinforcements, plastic offers a lightweight alternative to traditional materials. The automotive industry in the United Kingdom is actively working towards reducing emissions and transitioning to electric vehicles. Plastics and plastic additives play a role in developing components for electric vehicles, such as battery casings and lightweight interior features, contributing to the overall sustainability of the automotive sector. As per the data from the UK Parliament, in 2022, the manufacture of motor vehicles and parts contributed £13.3 billion to the economy, 0.6% of the UK’s total output. Therefore, these factors will assist in the growth of the regional market.
The Germany market dominated the Europe Plastic Additives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,800 million by 2030. The UK market is exhibiting a CAGR of 3.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.3% during (2023 - 2030).
Based on Plastic Type, the market is segmented into High-Performance Plastics, Commodity Plastic, and Engineering Plastic. Based on Application, the market is segmented into Building & Construction, Packaging, Automotive, Consumer Goods, Agriculture, Electrical & Electronics, and Others. Based on Type, the market is segmented into Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Lubricants, Antimicrobials, UV Stabilizers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- BASF SE
- Exxon Mobil Corporation
- Clariant AG
- Kaneka Corporation
- Lanxess AG
- The Dow Chemical Company
- Evonik Industries AG (RAG-Stiftung)
- Songwon Industrial Co., Ltd.
- Nouryon (Carlyle and GIC.)
- Albemarle Corporation
By Plastic Type (Volume, Kilo Tonnes, USD Billion, 2019-2023)
- High-Performance Plastics
- Commodity Plastic
- Engineering Plastic
- Building & Construction
- Packaging
- Automotive
- Consumer Goods
- Agriculture
- Electrical & Electronics
- Others
- Plasticizers
- Flame Retardants
- Impact Modifiers
- Antioxidants
- Lubricants
- Antimicrobials
- UV Stabilizers
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Plastic Additives Market, by Plastic Type
- 1.4.2 Europe Plastic Additives Market, by Application
- 1.4.3 Europe Plastic Additives Market, by Type
- 1.4.4 Europe Plastic Additives Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities:
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges:
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2022-2023)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Jul – 2023, Oct) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. Europe Plastic Additives Market by Plastic Type
- 5.1 Europe High-Performance Plastics Market by Country
- 5.2 Europe Commodity Plastic Market by Country
- 5.3 Europe Engineering Plastic Market by Country
- Chapter 6. Europe Plastic Additives Market by Application
- 6.1 Europe Building & Construction Market by Country
- 6.2 Europe Packaging Market by Country
- 6.3 Europe Automotive Market by Country
- 6.4 Europe Consumer Goods Market by Country
- 6.5 Europe Agriculture Market by Country
- 6.6 Europe Electrical & Electronics Market by Country
- 6.7 Europe Others Market by Country
- Chapter 7. Europe Plastic Additives Market by Type
- 7.1 Europe Plasticizers Market by Country
- 7.2 Europe Flame Retardants Market by Country
- 7.3 Europe Impact Modifiers Market by Country
- 7.4 Europe Antioxidants Market by Country
- 7.5 Europe Lubricants Market by Country
- 7.6 Europe Antimicrobials Market by Country
- 7.7 Europe UV Stabilizers Market by Country
- 7.8 Europe Others Market by Country
- Chapter 8. Europe Plastic Additives Market by Country
- 8.1 Germany Plastic Additives Market
- 8.1.1 Germany Plastic Additives Market by Plastic Type
- 8.1.2 Germany Plastic Additives Market by Application
- 8.1.3 Germany Plastic Additives Market by Type
- 8.2 UK Plastic Additives Market
- 8.2.1 UK Plastic Additives Market by Plastic Type
- 8.2.2 UK Plastic Additives Market by Application
- 8.2.3 UK Plastic Additives Market by Type
- 8.3 France Plastic Additives Market
- 8.3.1 France Plastic Additives Market by Plastic Type
- 8.3.2 France Plastic Additives Market by Application
- 8.3.3 France Plastic Additives Market by Type
- 8.4 Russia Plastic Additives Market
- 8.4.1 Russia Plastic Additives Market by Plastic Type
- 8.4.2 Russia Plastic Additives Market by Application
- 8.4.3 Russia Plastic Additives Market by Type
- 8.5 Spain Plastic Additives Market
- 8.5.1 Spain Plastic Additives Market by Plastic Type
- 8.5.2 Spain Plastic Additives Market by Application
- 8.5.3 Spain Plastic Additives Market by Type
- 8.6 Italy Plastic Additives Market
- 8.6.1 Italy Plastic Additives Market by Plastic Type
- 8.6.2 Italy Plastic Additives Market by Application
- 8.6.3 Italy Plastic Additives Market by Type
- 8.7 Rest of Europe Plastic Additives Market
- 8.7.1 Rest of Europe Plastic Additives Market by Plastic Type
- 8.7.2 Rest of Europe Plastic Additives Market by Application
- 8.7.3 Rest of Europe Plastic Additives Market by Type
- Chapter 9. Company Profiles
- 9.1 BASF SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Exxon Mobil Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Geographical Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Clariant AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 SWOT Analysis
- 9.4 Kaneka Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Lanxess AG
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.5.3 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 The Dow Chemical Company
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 SWOT Analysis
- 9.7 Evonik Industries AG (RAG-Stiftung)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Songwon Industrial Co., Ltd.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Nouryon Chemicals Holding B.V. (Carlyle and GIC.)
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Acquisition and Mergers:
- 9.9.3 SWOT Analysis
- 9.10. Albemarle Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
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