Plastic Additives Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 177 SKU: IRTNTR43551

Plastic Additives Market Forecast 2023-2027

The global plastic additives market size is estimated to grow by USD 19.86 billion at a CAGR of 6.45% between 2022 and 2027. Market expansion hinges on a multitude of factors, notably the escalating demand for recycled plastics within the packaging sector, driven by a global push for sustainability. Additionally, the surge in demand for plastic additives, particularly in developing nations, contributes significantly to market growth spurred by rapid industrialization and infrastructure development. Moreover, the burgeoning e-commerce market fuels increased demand for plastics across various applications, ranging from packaging materials to product components. These dynamics underscore the pivotal role of recycled plastics and plastic additives in meeting the evolving needs of diverse industries while addressing environmental concerns. As sustainability practices gain prominence and consumer preferences evolve, the market for recycled plastics and plastic additives is poised for substantial growth, offering opportunities for innovation and collaboration across the value chain.

What will be the Market Size During the Forecast Period?

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Market Segmentation

The market encompasses a wide range of products used to enhance the properties of polymers in various sectors. These additives include plasticizers like Phthalates and Bisphenol, which improve flexibility and elongation in plastics. Heavy metals, such as lead and cadmium, serve as stabilizers and pigments, ensuring long-term durability and aesthetic appeal. Governmental regulations play a significant role in the market, particularly concerning the use of chemicals like Phthalates and Bisphenol in consumer products.

This report extensively covers market segmentation by type (modifier, stabilizers, extenders, and processing aids), application (packaging, consumer goods, automotive, electrical and electronics, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Type

The market share growth of the modifier segment will be significant during the forecast period. Modifiers are added to plastics to change the physical properties of plastic molds or resins. They are added to improve the plasticity and viscosity of the material. For instance, impact modifiers are added to impart increased toughness and durability to plastic molds. These factors will facilitate segment growth during the forecast period.

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The modifier segment was valued at USD 20.57 billion in 2017. Modifiers through the polymerization process are incorporated as additives. Organic peroxides help in increasing polymerization activity at a faster pace, and nucleating agents are used to enhance the physical properties of the plastic, driving the market growth during the forecast period.

By Application

The consumer goods segment is expected to be the fastest-growing application segment of the market during the forecast period. The extensive use of plasticizers, flame retardants, impact modifiers, and impact modifiers and processing aids for toys, child care products, sports, and leisure products, and upholstered furniture, among other consumer goods-related applications, is a major driver of the consumer goods segment growth. 

By Region

APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC holds significant value and leads in demand, invention, and product development for plastic additives, particularly in applications like construction, automotive, and packaging. Packaging is a major application, utilizing plastic additives for antimicrobial features, mechanical properties, and barrier properties. Plastics, such as poly vinyl chloride, are used in various applications, including roofing materials, cables, and electrical components, due to their protective and thermal properties.

Further, advancements in additive types, like biodegradable additives and nano-additives, contribute to sustainable packaging solutions and reduce the environmental footprint. The automotive industry uses high-performance components with lightweight, fuel-efficient materials, enhancing safety and sales demand. Forecasts indicate continued growth, with China being a significant consumer due to its growing population and increasing consumption rate. Factual developments include the use of advanced thermoplastics in aircraft efficiency and the integration of nanoparticles and nanocomposites for improved mechanical properties in electronic devices.

Market Dynamics

In the aerospace sector, additives contribute to energy efficiency, impact strength, and thermal protection. The Construction and Automotive sectors rely on plastic additives for low-cost interiors, UV sensitivity, and resistance to discoloration and brittleness. In the Urbanization trend, plastic additives are essential for the production of PPE kits and medical-grade plastics, ensuring safety and protection. Overall, the market is a critical component in various industries, providing solutions for appearance, thermal protection, long-term durability, and regulatory compliance. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Increasing demand for recycled plastics is the key factor driving market growth. Due to the growing awareness of healthy living, many industries are embracing eco-friendly and sustainable solutions. This trend has resulted in a surge in demand for recycled plastics, leading to a boom in the plastic additives market worldwide. Recycled plastics are being extensively used by the packaging industry, which is gradually shifting towards their usage to meet the rising expectations of environmentally conscious consumers. In 2018, over 40% of the world's plastic production was consumed by the global packaging industry, making it the largest contributor to annual plastic waste generation.

Furthermore, Unilever Group pledged in January 2017 to make its plastic packaging 100% reusable, recyclable, and compostable by 2025. Recycled plastics are being used in various applications in the packaging industry, such as producing FDA-approved food packaging, plastic bottles, containers, jars, caps, engineered pumps, and sprayers. By utilizing recycled plastics, companies can reduce waste, energy consumption, carbon emissions, and water usage while maintaining quality and performance. Recycled plastics also enhance product protection and extend shelf life. Consequently, the increasing adoption of sustainable alternatives for various applications is expected to fuel the growth of the global recycled plastics market, leading to a significant surge in consumption during the forecast period.

Major Market Challenge

The ban on phthalate plasticizers is a major restraint in the market. The specialty chemicals industry heavily relies on plastic additives as its primary source of revenue. Among the different types of plastic additives, plasticizers represent the largest segment of the market. However, due to the recent ban on the use of phthalates, which are commonly used in plasticizers, the growth of the plasticizers market has been hindered. The plastic industry has been instructed to discontinue the use of flexible PVC due to its potential negative impact on the human reproductive system. Consequently, the growing awareness of safety and environmental concerns surrounding phthalates has increased the demand for non-phthalates. Key market players are now focusing on developing non-phthalate plasticizers that meet the required standards for various applications such as food utensils, containers, packaging, and toys. These non-phthalate plasticizers include adipic acid polyester, trimellitic acid, epoxy ester, benzoic acid series, and adipic acid.

Further, during the forecast period, non-phthalate plasticizers are expected to witness the highest compound annual growth rate (CAGR). Phthalate ester plasticizers, which have traditionally dominated the flexible PVC market, are likely to face stiff competition from newer alternatives of non-phthalate plasticizers. As a result, the growth of the market in question is expected to be hampered during the forecast period.

Significant Market Trends

Increasing demand for bio-based plasticizers is a major trend in the market. Plasticizers, such as phthalates, derived from petrochemicals, play a crucial role in the production of plastics, particularly PVC. Currently, phthalate-based plasticizers dominate the global plasticizer market. However, the increasing stringency of environmental regulations and growing health concerns associated with the use of plasticizers have spurred the demand for bio-plasticizers worldwide. This has resulted in a surge in demand for safe, non-phthalate, biodegradable, and bio-based plasticizers.

The growth of end-user industries in emerging economies, like India and China, is expected to fuel the growth of the bio-plasticizer market in the future. Additionally, the ban on phthalates in food packaging materials, consumer goods, medical devices, and soft toys is another factor propelling the growth of the plasticizers market. Moreover, bio-based plasticizers, such as sebacates and epoxides, are anticipated to experience the highest growth rate during the forecast period due to their notable properties, including high efficiency, non-toxicity, improved heat stability, and lower volatility. These materials are successfully utilized in a wide range of applications, such as adhesive and sealants, automotive, paints, and coatings, among others.

Who are the Major Market Players?

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

BASF SE - The company offers plastic additives such as Valeras under its chemical segment. 

The report also includes detailed analyses of the competitive landscape of the market and information about 16 market companies, including: 

  • ADEKA Corp.
  • Albemarle Corp.
  • Avient Corp.
  • Baerlocher GmbH
  • Clariant AG
  • Covestro AG
  • Dow Inc.
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Grafe Advanced Polymers GmbH
  • Kaneka Corp.
  • Lanxess AG
  • Milliken and Co.
  • Mitsui Chemicals Inc.
  • Nouryon Chemicals Holding BV

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Market Customer Landscape

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook
    • Modifier
    • Stabilizers
    • Extenders
    • Processing aids
  • Application Outlook 
    • Packaging
    • Consumer goods
    • Automotive
    • Electrical and electronics
    • Others
  • Region Outlook 
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market encompasses a significant segment of the global chemicals industry. Key players in this market include Chemic, Polymers, Government regulations, Metals, Wood, Urbanization, Consumers, Construction, and Producers. Plastics are essential in various industries due to their versatility, durability, and cost-effectiveness. They play a crucial role in enhancing the properties of plastic materials. These additives include fillers like Glass fibers, fibers, and minerals; regulators like stabilizers, lubricants, and plasticizers; and other additives like colorants, antioxidants, and fire retardants. The demand is driven by the increasing urbanization and the growing construction sector.

Moreover, the automotive industry's continuous quest for lightweight and fuel-efficient vehicles is also fueling the market's growth. The regulatory environment is a critical factor influencing the market. Governments worldwide are implementing stringent regulations to ensure the safety and environmental sustainability of plastic products. For instance, the European Union's REACH regulation sets strict guidelines for the production, use, and disposal of plastic additives. In conclusion, the market is a dynamic and evolving industry driven by various factors, including urbanization, construction, automotive, and regulatory requirements. Players in this market must stay abreast of these trends and adapt to the changing regulatory landscape to remain competitive.

Further, the market is driven by various factors, such as the demand for chemical compounds to enhance polymer properties. Additives play a crucial role in addressing challenges like aesthetic loss and ensuring the integrity of polymer properties. In industries like automotive and construction, there's a growing need for low-cost automobile interiors and UV sensitive construction materials, respectively. Additionally, the healthcare sector demands medical grade plastics for various applications. Coupled with advancements in coupling technologies, these additives contribute to the development of innovative plastic products, meeting the diverse needs of industries and consumers alike.

Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.45%

Market growth 2023-2027

USD 19.86 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.01

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, Saudi Arabia, China, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH, Clariant AG, Covestro AG, Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Grafe Advanced Polymers GmbH, Kaneka Corp., Lanxess AG, Milliken and Co., Mitsui Chemicals Inc., Nouryon Chemicals Holding BV, PMC Group Inc., Sabo Spa, Sakai Chemical Industry Co. Ltd., Songwon Industrial Co Ltd, and BASF SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
    Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
    Precise estimation of the market size and its contribution to the parent market
    Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
    Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
    Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
    Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies
     

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global plastic additives market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global plastic additives market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Modifier - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Modifier - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Modifier - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Modifier - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Modifier - Year-over-year growth 2022-2027 (%)
    • 6.4 Stabilizers - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Stabilizers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Stabilizers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Stabilizers - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Stabilizers - Year-over-year growth 2022-2027 (%)
    • 6.5 Extenders - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Extenders - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Extenders - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Extenders - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Extenders - Year-over-year growth 2022-2027 (%)
    • 6.6 Processing aids - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Processing aids - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Processing aids - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Processing aids - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Processing aids - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 51: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 53: Chart on Comparison by Application
      • Exhibit 54: Data Table on Comparison by Application
    • 7.3 Packaging - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Packaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
    • 7.4 Consumer goods - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.6 Electrical and electronics - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 75: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 77: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 79: Chart on Geographic comparison
      • Exhibit 80: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 113: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 117: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 121: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 122: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 124: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 125: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 126: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 127: Matrix on vendor position and classification
            • 12.3 ADEKA Corp.
              • Exhibit 128: ADEKA Corp. - Overview
              • Exhibit 129: ADEKA Corp. - Business segments
              • Exhibit 130: ADEKA Corp. - Key offerings
              • Exhibit 131: ADEKA Corp. - Segment focus
            • 12.4 Avient Corp.
              • Exhibit 132: Avient Corp. - Overview
              • Exhibit 133: Avient Corp. - Business segments
              • Exhibit 134: Avient Corp. - Key offerings
              • Exhibit 135: Avient Corp. - Segment focus
            • 12.5 Baerlocher GmbH
              • Exhibit 136: Baerlocher GmbH - Overview
              • Exhibit 137: Baerlocher GmbH - Product / Service
              • Exhibit 138: Baerlocher GmbH - Key offerings
            • 12.6 BASF SE
              • Exhibit 139: BASF SE - Overview
              • Exhibit 140: BASF SE - Business segments
              • Exhibit 141: BASF SE - Key news
              • Exhibit 142: BASF SE - Key offerings
              • Exhibit 143: BASF SE - Segment focus
            • 12.7 Clariant AG
              • Exhibit 144: Clariant AG - Overview
              • Exhibit 145: Clariant AG - Business segments
              • Exhibit 146: Clariant AG - Key news
              • Exhibit 147: Clariant AG - Key offerings
              • Exhibit 148: Clariant AG - Segment focus
            • 12.8 Dow Inc.
              • Exhibit 149: Dow Inc. - Overview
              • Exhibit 150: Dow Inc. - Business segments
              • Exhibit 151: Dow Inc. - Key news
              • Exhibit 152: Dow Inc. - Key offerings
              • Exhibit 153: Dow Inc. - Segment focus
            • 12.9 Evonik Industries AG
              • Exhibit 154: Evonik Industries AG - Overview
              • Exhibit 155: Evonik Industries AG - Business segments
              • Exhibit 156: Evonik Industries AG - Key news
              • Exhibit 157: Evonik Industries AG - Key offerings
              • Exhibit 158: Evonik Industries AG - Segment focus
            • 12.10 Exxon Mobil Corp.
              • Exhibit 159: Exxon Mobil Corp. - Overview
              • Exhibit 160: Exxon Mobil Corp. - Business segments
              • Exhibit 161: Exxon Mobil Corp. - Key news
              • Exhibit 162: Exxon Mobil Corp. - Key offerings
              • Exhibit 163: Exxon Mobil Corp. - Segment focus
            • 12.11 Grafe Advanced Polymers GmbH
              • Exhibit 164: Grafe Advanced Polymers GmbH - Overview
              • Exhibit 165: Grafe Advanced Polymers GmbH - Product / Service
              • Exhibit 166: Grafe Advanced Polymers GmbH - Key offerings
            • 12.12 Kaneka Corp.
              • Exhibit 167: Kaneka Corp. - Overview
              • Exhibit 168: Kaneka Corp. - Business segments
              • Exhibit 169: Kaneka Corp. - Key offerings
              • Exhibit 170: Kaneka Corp. - Segment focus
            • 12.13 Lanxess AG
              • Exhibit 171: Lanxess AG - Overview
              • Exhibit 172: Lanxess AG - Business segments
              • Exhibit 173: Lanxess AG - Key offerings
              • Exhibit 174: Lanxess AG - Segment focus
            • 12.14 Mitsui Chemicals Inc.
              • Exhibit 175: Mitsui Chemicals Inc. - Overview
              • Exhibit 176: Mitsui Chemicals Inc. - Business segments
              • Exhibit 177: Mitsui Chemicals Inc. - Key offerings
              • Exhibit 178: Mitsui Chemicals Inc. - Segment focus
            • 12.15 Nouryon Chemicals Holding BV
              • Exhibit 179: Nouryon Chemicals Holding BV - Overview
              • Exhibit 180: Nouryon Chemicals Holding BV - Business segments
              • Exhibit 181: Nouryon Chemicals Holding BV - Key news
              • Exhibit 182: Nouryon Chemicals Holding BV - Key offerings
              • Exhibit 183: Nouryon Chemicals Holding BV - Segment focus
            • 12.16 Sakai Chemical Industry Co. Ltd.
              • Exhibit 184: Sakai Chemical Industry Co. Ltd. - Overview
              • Exhibit 185: Sakai Chemical Industry Co. Ltd. - Product / Service
              • Exhibit 186: Sakai Chemical Industry Co. Ltd. - Key offerings
            • 12.17 Songwon Industrial Co Ltd
              • Exhibit 187: Songwon Industrial Co Ltd - Overview
              • Exhibit 188: Songwon Industrial Co Ltd - Business segments
              • Exhibit 189: Songwon Industrial Co Ltd - Key offerings
              • Exhibit 190: Songwon Industrial Co Ltd - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                plastic additives market

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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