Plastic additives are used in a wide variety of applications, including vinyl, blow-molding bottles, film, rigid containers, PVC plastics, siding, decks and rails, foam pipes and profile formulations, window frames and high-efficiency lubricants. Plastic additives are all chemicals used to polymerize, treat, or modify the end-use characteristics of plastics.
Plastic additives are added in a polymer to modify and improve some of its properties. Some of the most common are plasticizers used to lower the glass transition temperature of a polymer (making it softer in some way), fillers to make it cheaper (usually chalk), oil composition to improve its rheology. Others are used for electrical stability reasons or to give polymers a certain capacity (e.g. photovoltaic agents for photolithography).
According to the new market research report “Plastic Additives – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Plastic Additives market size is projected to reach USD 51.47 billion by 2029, at a CAGR of 5.7% during the forecast period.
- Global Plastic Additives MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Plastic Additives – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Plastic Additives Top22Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Plastic Additives – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Plastic Additives include BASF, UPC Technology, ADEKA, Dow, Evonik, Lanxess, Kaneka, Clariant, Songwon, Aekyung Petrochemical, etc. In 2022, the global top 10 players had a share approximately 38.0% in terms of revenue.
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