The global plastic additive market is expected to reach $50 billion by 2023


   July 4 2018
According to a new market report published by Lucintel, the future of the plastic additive market looks attractive with opportunities in the construction, packaging, consumer goods, and automotive industries. The global plastic additive market is expected to reach an estimated $50 billion by 2023 with a CAGR of 4.2% from 2018 to 2023. The major growth drivers for this market are increasing demand for plastics in various end use markets and increasingly stringent safety standards for smoke and flammability.

In this market, plasticizers, flame retardants, pigments, stabilizers, impact modifiers, antioxidants, blowing agents, lubricants, antistatic agents, and other additives are used to modify and enhance the end use properties of wide range of plastics. Lucintel forecasts that plasticizer will remain the largest additive type over the forecast period supported by growth in demand for flexible polyvinyl chloride (PVC) plastic in film & sheet, wire & cable, and flooring applications. Lucintel predicts that the flame retardant additive is expected to witness the highest growth during the forecast period due to more stringent fire safety standards and growth in the markets of construction and electrical & electronics.

Browse 125 Market Data Tables and 135 Figures spread through 242 Pages and in-depth TOC on “Plastic Additive Market- Global Forecast to 2023” http://www.lucintel.com/plastic-additive-market.aspx

Within the plastic additive market, construction will remain the largest end use industry during the forecast period due to increasing demand for plastics in construction; these include pipes and fittings, flooring, wall-coverings, and wire and cable applications. Lucintel predicts that the demand for plastic additives for packaging end use is likely to experience the highest growth in the forecast period due to its growing demand in the areas of food and beverages, household products, industrial products, personal care, and pharmaceuticals.

Plastic additives are used in polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), other commodity plastics, engineering plastics, and high performance plastics to improve the overall performance and processing properties. PVC will remain the largest segment by plastic type due to high consumption of plasticizer additives in PVC for flexibility. Lucintel predicts that the high performance plastic type will witness the highest growth because of growing demand for plastics such as polyimide (PI), polyether ether ketone (PEEK), and poly-tetrafluoroethylene (PTFE) in the transportation, medical, electronics, and industrial sectors.

Download PDF Brochure @ http://www.lucintel.com/rb/plastic-additive-market.aspx

Asia Pacific is expected to remain the largest market by value and volume and will experience the highest growth over the forecast period supported by high consumption of plastics in China and India.  China is the largest market for plastic additives due to high production of plastics considering the high domestic demand, easy availability of raw materials, low production, and labor cost.

Emerging trends, which have a direct impact on the dynamics of the industry, include the development of bio based plasticizers and growing consumption of nanopowder or nanoparticle aluminum hydroxides. Clariant, BASF SE, ExxonMobil, Akzo Nobel, and The DowDuPont, Evonik Industries, Lanxess, and Nabaltec are among the major manufactures of plastic additives.

Download Free Sample @ http://www.lucintel.com/ds/plastic-additive-market.aspx

The study includes a forecast for the global plastic additive market by product type, by end use industry, by plastic type, by function, and region as follows:

By Product Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:



  • Plasticizer                                                        


  • Flame Retardant                                               


  • Pigment                                                           


  • Stabilizer                                                          


  • Impact modifier                          


  • Antioxidant                                                      


  • Blowing agent                                                  


  • Others                       


By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:



  • Construction    


  • Packaging


  • Consumer Goods


  • Automotive  


  • Others


 By Plastic Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:



  • Polyvinyl Chloride (PVC)


  • Polyethylene (PE)


  • Polypropylene (PP)


  • Other Commodity Plastics


  • Engineering Plastics    


  • High Performance Plastics


By Function [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:



  • Property Modifiers


  • Property Stabilizers


  • Property Extenders


  • Processing Aids


By Region [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:



  • North America


  • Europe


  • Asia Pacific


  • The Rest of the World


This 242-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/plastic-additive-market.aspx or helpdesk@lucintel.com  

Inquiry before buying@ http://www.lucintel.com/pq/plastic-additive-market.aspx  

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

Current Press Releases of Lucintel @ http://www.lucintel.com/press-release.aspx

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [146]
Composites & Advanced Materials [123]
Construction & Industrial [59]
Consumer and Retail [91]
Economic Analysis [86]
Energy & Utility [72]
Finance & Services [10]
Healthcare [31]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [64]
Transportation [93]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on