North America 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 North America Plastic Additives Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 3,489.9 Kilo tonnes, showcasing a growth of 4.3% (2019-2022).
The plastic additives market is pivotal in enhancing plastic materials' performance, functionality, and versatility, which are ubiquitous in daily lives. As industrialization and technological advancements continue to propel the demand for plastic products, the importance of additives becomes increasingly apparent. These additives are chemical compounds incorporated into the polymer matrix during manufacturing, influencing various properties of plastics, such as strength, flexibility, durability, and flame resistance.
Additionally, the packaging industry stands as a major consumer of plastic additives. Additives such as stabilizers, antioxidants, and antimicrobial agents are crucial in extending the shelf life of packaged goods and preventing degradation caused by exposure to light, heat, and oxygen. Additionally, plasticizers enhance the flexibility of packaging materials, while colorants and UV stabilizers contribute to aesthetic appeal and protect against ultraviolet radiation.
Canada has invested in significant infrastructure projects, including roads, bridges, and public transportation. Plastic additives construct various infrastructure components, such as pipes, cables, and insulation materials. According to Statistics Canada, in July 2023, non-residential construction investments increased marginally by 0.5%, reaching $5.9 billion. Commercial investment increased by a mere 0.3% to $3.3 billion, whereas industrial investment rose by 0.6% to $1.2 billion. Investments in institutional construction increased by 1.2% to $1.5 billion. Thus, the rising construction sector in North America will help drive the expansion of the in the region.
The US market dominated the North America Plastic Additives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,725.2 million by 2030. The Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Plastic Additives Market, by Plastic Type
- 1.4.2 North America Plastic Additives Market, by Application
- 1.4.3 North America Plastic Additives Market, by Type
- 1.4.4 North America 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. North America Plastic Additives Market by Plastic Type
- 5.1 North America High-Performance Plastics Market by Country
- 5.2 North America Commodity Plastic Market by Country
- 5.3 North America Engineering Plastic Market by Country
- Chapter 6. North America Plastic Additives Market by Application
- 6.1 North America Building & Construction Market by Country
- 6.2 North America Packaging Market by Country
- 6.3 North America Automotive Market by Country
- 6.4 North America Consumer Goods Market by Country
- 6.5 North America Agriculture Market by Country
- 6.6 North America Electrical & Electronics Market by Country
- 6.7 North America Others Market by Country
- Chapter 7. North America Plastic Additives Market by Type
- 7.1 North America Plasticizers Market by Country
- 7.2 North America Flame Retardants Market by Country
- 7.3 North America Impact Modifiers Market by Country
- 7.4 North America Antioxidants Market by Country
- 7.5 North America Lubricants Market by Country
- 7.6 North America Antimicrobials Market by Country
- 7.7 North America UV Stabilizers Market by Country
- 7.8 North America Others Market by Country
- Chapter 8. North America Plastic Additives Market by Country
- 8.1 US Plastic Additives Market
- 8.1.1 US Plastic Additives Market by Plastic Type
- 8.1.2 US Plastic Additives Market by Application
- 8.1.3 US Plastic Additives Market by Type
- 8.2 Canada Plastic Additives Market
- 8.2.1 Canada Plastic Additives Market by Plastic Type
- 8.2.2 Canada Plastic Additives Market by Application
- 8.2.3 Canada Plastic Additives Market by Type
- 8.3 Mexico Plastic Additives Market
- 8.3.1 Mexico Plastic Additives Market by Plastic Type
- 8.3.2 Mexico Plastic Additives Market by Application
- 8.3.3 Mexico Plastic Additives Market by Type
- 8.4 Rest of North America Plastic Additives Market
- 8.4.1 Rest of North America Plastic Additives Market by Plastic Type
- 8.4.2 Rest of North America Plastic Additives Market by Application
- 8.4.3 Rest of North America 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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