Plastics Additives - Specialty Chemicals Update Program (SCUP

                                               
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Plastic Additives Market Size & Share Analysis - Industry

                                               
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Plastic Additives Market Size, Share | Industry Forecast 2031

                                               
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Plastic Additives Market Share & Size | Industry Report, 2032

                                               
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Plastic Additives Market Size, Growth & Forecast Report [2028]

                                               
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  • What is plastic additives market size in 2023?
  • Plastic Additives Market size surpassed USD 57.48 billion in 2023 and is poised to observe nearly 4.5% CAGR from 2024 to 2032. High adoption of plastic additives in the automotive sector will drive market development. Increasing use of plastic across various sectors due to its exceptional properties will influence market growth.
  • What is plastic additives market revenue?
  • Plastic additives market revenue from the automotive end-use segment is expected to surpass USD 25 billion by 2032. Plastic can replace automated parts made of materials like metals and aluminum. By using the right proportions of additives, colorants, agents, and fillers, plastic's properties have been improved.
  • What plastic additives are used in food packaging?
  • Some major plastic additives used in food packaging are oxygen scavengers, antimicrobials, antioxidants/stabilizers, colorants, lubricants, and blowing agents. The global seafood market reached a value of USD 253 billion in 2021, and it is projected to reach USD 336 billion by 2025.
  • Which industries use plastic additives?
  • Several sectors including automotive, construction, textile, electrical & electronic, agricultural, and packaging, use plastic additives for multiple purposes. Increasing adoption of plastic is attributed to their exceptional properties is driving the demand for their derivatives in the market.
  • Who are the major players in the plastic additives market?
  • The plastic additives market is fragmented in nature. Some of the major players in the market (in no particular order) include BASF SE, Adeka Corporation, Lanxess, EVONIK INDUSTRIES AG, and Exxon Mobil Corporation, among others. September 2022: BASF showcased VALERAS for its plastic additives portfolio.
  • Is the plastic additive industry growing?
  • The comparative analysis of different segments of the packaging industry shows that the plastic additive industry is set to increase at a comparatively slower but steadier pace during the forecast period. This is in comparison to the compostable plastic packaging material industry and the flexible plastic packaging industry.