Global Plastic Additives Market Insights, Forecast to 2028
Market Analysis and Insights: Global Plastic Additives Market
Due to the COVID-19 pandemic, the global Plastic Additives market size is estimated to be worth US$ 37.74 billion in 2022 and is forecast to a readjusted size of US$ 48.78 billion by 2028 with a CAGR of 4.37% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Plasticizer accounting for 34.23% of the Plastic Additives global market in 2021, is projected to value US$ 14.31 billion by 2028, growing at a revised 2.06% CAGR from 2022 to 2028. While Automobile Industry segment is altered to an 5.72% CAGR throughout this forecast period.
China Plastic Additives market size was US$ 7.23 billion in 2021, while the US and Europe Plastic Additives were US$ 7.49 billion and US$ 8.37 billion, severally. The proportion of the US was 22.30% in 2021, while China and Europe are 21.52% and 24.93% respectively, and it is predicted that China proportion will reach 25.02% in 2028, trailing a CAGR of 6.80% through the analysis period. India, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 7.18%, 6.32%, and 2.93% respectively for the next 6-year period. As for the Europe Plastic Additives landscape, Germany is projected to reach US$ 2.95 billion by 2028 trailing a CAGR of 3.56% over the forecast period.
The global key manufacturers of Plastic Additives include Kaneka Corporation, Dow, BASF, Songwon, ADEKA Corporation, Clariant, Baerlocher, SI Group, and Beijing Jiyi Chemical, etc. In 2021, the global top five players hold a share approximately 27.35% in terms of revenue.
Global Plastic Additives Scope and Segment
Plastic Additives market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Plastic Additives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
BASF
Kaneka
Songwon
Dow
ADEKA
Clariant
Lanxess
Evonik
Solvay
Milliken
Baerlocher
Sabo S.p.A.
SI Group
UPC Technology
Aekyung Petrochemical
Tianjin Tianjin Rianlon
Jiangsu Yoke Technology
Beijing Jiyi Chemical
Shandong Linyi Sanfong Chemicals
Bluesail Group Group
Suqian Unitechem
Shandong Donglin New Materials
Segment by Type
Plasticizer
Antioxidants
Flame Retardant
PVC Stabilizer
Impact Modifier
Light Stabilizer
Others
Segment by Application
Automobile Industry
Packaging Industry
Building Materials
Electronic Appliances
Consumer Product
Others
Segment by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Middle East & Africa
GCC Countries
Turkey
Africa
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