Global Performance Additives Market 2017-2021

Overview of the global performance additives market

Research analysis on the global performance additives market identifies that the introduction of multifunctional additives will be one of the major factors that will have a positive impact on the growth of the market. Multifunctional additives are widely used in formulations to attain the desired strength, durability, better performance and improved quality. The complete formulating process can be made simple with multifunctional additives by lowering the costs. The rising interest among consumers about environment-friendly and sustainable products has created a significant demand for multifunctional additives. This in turn, will drive the growth of the performance additives market during the forecast period. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

In terms of geographic regions, APAC will be the major revenue contributor of the performance additives market throughout the forecast period. The rising investments in the packaging sector, the growing construction industry, and the increase in demand for performance additives in other applications such as automotive, household goods, and industries in India and China, will drive the market's growth prospects in this region.

Competitive landscape and key vendors  

The performance additives market consists of players introducing numerous business strategies, such as new product development, innovations, and mergers and acquisitions (M&A), to increase their market shares and to strengthen their positions. The key vendors in this market compete based on operation costs, price, economies of scale, product quality, and innovation.

The leading vendors in the market are - 

• Arkema
• AkzoNobel
• BASF
• Huntsman International
• The Dow Chemical

The other prominent vendors in the market are ALTANA, BYK Additives & Instruments, Cytec Solvay, Clariant, DAIKIN INDUSTRIES, Dynea, Eastman Chemical Company, Evonik, K-TECH (INDIA), LANXESS, Momentive, PolyOne, and Total.

Segmentation by type and analysis of the performance additives market

• Plastic additives
• Pigment additives
• Paint and coating additives
• Rubber additives
• Ink additives

During 2016, the plastic additives segment accounted for the major shares of the performance additives market. Factors such as the increasing usage of plastic additives in automotive plastics, thermoplastics, packaging, and customer goods will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the performance additives market

• Household
• Packaging
• Construction
• Automotive
• Industrial

According to this market research report, the packaging will be the major end-user segment of the performance additives market until 2021. Advantages such as the increased strength, quality, and shelf life of packed food products and the growth of e-commerce industry, will drive the market's growth in end-user this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global performance additives market?
• What are the key market trends impacting the growth of the global performance additives market?
• What are the challenges to market growth?
• Who are the key vendors in the global performance additives market?
• What are the market opportunities and threats faced by the vendors in the global performance additives market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global performance additives market?

Technavio also offers customization on reports based on specific client requirement.

Performance additives are materials added to plastics and fibers in small quantities to improve their performance and durability. They are used across various end-use industries, such as packaging, household goods, automotive, industrial, construction, and wood and furniture. This market research report on the global performance additives market by Technavio is an integral part of the chemicals and materials portfolio and offers key insights into the major trends and evolving drivers inducing the growth of niche segments like the additives, adhesives, and sealants sector. Our industry reports also follow a scrupulous procedure of data collection methodology and present an analysis of the key market challenges influencing the growth of the key market stakeholders.

Our market research analysis approach includes qualitative and quantitative assessments using proprietary tools and databases and also offers an analysis of company reports to offer clients the scope to expand their presence in the industry. Additionally, an analysis of the total market share and market size using statistical models is also carried out to help businesses develop effective growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various chemical products and services to offer an all-inclusive picture of the global performance additives market for the estimated period of 2017-2021.

As per our market research experts, the rapidly growing population across the globe coupled with rapid urbanization may influence the global demand for performance additives during the next four years. Additionally, to offer clients insights into the competitive landscape for the market space, our upcoming market research report on the performance additives market also covers vendors like Akzo Nobel,?Arkema, Evonik, BASF, and DOW Chemical Company.

According to our analysts, additives, adhesives, and sealants are indispensable manufacturing substances due to the role they play in reinforcing, supplementing, and binding various materials. Generally, adhesives are used to bind two substrates together and are usually segmented based on their adhesion method and application.  The upcoming industry report on the performance additives market also offers insights into rapidly-growing segments within the chemicals and materials industry, including sectors like agrochemicals and fertilizers and specialty chemicals.

Our market research methodology for the performance additives market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.