Market Insight: Plastic Additive Market to Reach $50 Billion by 2023

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Plastic Additive Industry.”
This market report for plastic additive identifies and predicts future opportunities for growth in the global plastic additive industry for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for plastic additive in construction, packaging, consumer goods, and automotive industries.
According to our market report, the global plastic additive market is expected to reach an estimated $50 billion by 2023 at a CAGR of 4.2% from 2018 to 2023. Some of the dominant players in the global plastic additive market are Clariant, BASF SE, ExxonMobil, Akzo Nobel, and The DowDuPont, Evonik Industries, Lanxess, and Nabaltec.
In the plastic additive market, construction, packaging, consumer goods, and automotive industries are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that construction and packaging are expected to show above-average growth during the forecast period from 2018 to 2023.
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