High-Performance Plastic Additives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Plastic Type (Fluoropolymers, High-performance Polyamides, Sulfone Polymers, and Others) By Additive Type (Plasticizers, Flame Retardants, Lubricants, Antioxidants, and Others) By End User (Transportation, Medical, Electrical & Electronics Packaging, and Others), By Region and Co
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHigh-Performance Plastic Additives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Plastic Type (Fluoropolymers, High-performance Polyamides, Sulfone Polymers, and Others) By Additive Type (Plasticizers, Flame Retardants, Lubricants, Antioxidants, and Others) By End User (Transportation, Medical, Electrical & Electronics Packaging, and Others), By Region and Co
In 2021, China's total production of plastic products amounted to 75 million metric tonnes.
In several end-use sectors, such as the automobile, aerospace and military, packaging, chemical, building, general manufacturing, and electronics, plastic is one of the most often used materials. Due to the excellent qualities of polymers, which include strength, dependability, flexibility, and the capacity to bear pressure and heat, there is a rising need for their derivatives. This product is taking the place of more traditional materials including wood, metals, and composites since it is less expensive. The market is anticipated to benefit as a result. Thus, these beneficial properties of plastic additives result in demand during the forecast period.
Furthermore, the increasing demand for bio-based plastic additives propels the market’s growth. Various companies and research organizations operating in the market also focus on developing such eco-friendly products. This, in turn, is expected to create huge prospects for market growth in the coming years.
Rising demand from the Packaging Industry
Different items require various packaging materials. The market offers a broad variety of plastic materials, including translucent, food and medical-grade, opaque, porous, moisture- and heat-resistant, and more. One of the most affordable substitutes for other packaging materials like metals and alloys is plastic. Additionally, the hectic lives in metropolitan areas are contributing to the rising demand for convenience meals. The market is expected to be driven by the rising demand for plastic packaging from the food and beverage, medical, pharmaceutical, and other industries. All these factors are anticipated to increase the use of high-performance plastic additives in the upcoming years.
Growing demand from Automotive Industry
The performance, aesthetics, safety, construction, and utility of vehicle parts have all been changed by plastic. Plastic components are noise-reducing, flexible, lightweight, thermally insulating, non-corrosive, and enable effective space usage. Additionally, because plastic is lightweight, the vehicle's overall weight is decreased, which further lowers fuel consumption and boosts the vehicle's efficiency. The benefits of plastic over conventional materials are increased by the decreased emissions of greenhouse gases (GHGs) caused by lower fuel use. Vehicles may meet high safety and pollution regulations and contribute to sustainability thanks to the use of plastic.
According to the Environmental Protection Agency U.S., the transportation sector accounts for over 29% of greenhouse gas emissions
Plasticizers
Plasticizers, make polymer materials less viscous and more flexible. The flexibility of polymers may be altered to meet different requirements in different application areas. They make it easier to handle raw materials throughout the production process and change the frictional coefficient based on the intended use. Many plasticizers are made from poly-carboxylic acid or esters with aliphatic or branched alcohols of intermediate length. Ester plasticizers are selected based on an assessment of their performance and cost, as well as their toxicity, non-volatility, processability, and compatibility with the host material. However, flexible PVC is produced using around 90% of all plasticizers.
In April 2021, BASF, launched a biobased plasticizer based on renewable raw materials, with the goal to decrease carbon footprint.
Recent Developments
- In October 2022, Evonik Sectors AG presented its most recent
workable strategy for the polymers and foam industries at K 2022 in Düsseldorf,
Germany. Also on show was INFINAM PA, a brand-new grade of PA-12 powders with
much lower CO2 emissions for fused deposition 3D printing methods.
- The LNP THERMOCOMP AM DC0041XA51 compound was revealed by SABIC in
September 2022 at InnoTrans 2022 in Berlin, Germany. It is a cutting-edge,
flame-retardant (FR) compound reinforced with carbon fiber that is suitable for
pellet-fed additive manufacturing (PFAM) and completely complies with E.U. and
U.S. rail fire safety criteria.
- In September 2021, boron nitride cooling filler agglomerates CFA
100 and CFA 150 are two new product classes that 3M added to their portfolio of
boron nitride cooling fillers. Both are made of soft boron nitride
agglomerates, which can be utilized in automotive, electrical, and electronic
systems and components to improve isotropic heat conductivity.
- The independent European player in liquid colors and additives Novosystems GmbH was purchased by REPI, a high-performance liquid color, and additive solutions provider in March 2021.
Market Segmentation
Global High-Performance Plastic Additives Market
Company Profiles
BASF SE, Saudi Basic Industries Corp, Arkema S.A., Solvay S.A., Evonik Industries AG, 3M Co., L.Brueggemann GmbH & Co. KG, Ensinger GmbH, Colloids Ltd., Colortech Inc. are some of the key players of Global High-Performance Plastic Additives Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends |
|
Segments covered |
Plastic Type Additive Type End User |
|
Regional scope |
North America,
Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United States; Mexico; Canada; France; Germany; United
Kingdom; Spain; Italy; China; India; South Korea; Japan; Australia; Brazil;
Argentina; South Africa; Saudi Arabia; UAE |
|
Key companies profiled |
BASF SE, Saudi
Basic Industries Corp, Arkema S.A., Solvay S.A., Evonik Industries AG, 3M
Co., L.Brueggemann GmbH & Co. KG, Ensinger GmbH, Colloids Ltd., Colortech
Inc. |
|
Customization scope |
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope. |
|
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options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
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also provide the editable version of the report in PPT/Word format on special
request) |
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