The report also helps in understanding Plastic Additives Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Plastic Additives Market make the report investor’s.
Plastic Additives Market size was valued at USD 49.46 Bn. in 2021 and the total Market revenue is expected to grow by 4.8% from 2022 to 2029, reaching nearly 71.97 Bn.
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The research technique used to analyze and forecast the Plastic Additives Market begins with secondary research utilizing sources that collect revenue data from important suppliers. When estimating market segmentation, the vendor offerings are also taken into account. Using the bottom-up technique, the total size of the Plastic Additives market was determined using the income of important firms.
Plasticizers, stabilisers, flame retardants, and impact modifiers are the different market segments for plastic additives. Plasticizers are anticipated to maintain their dominance in the global plastic additives market, both in terms of value and volume, due to the large use of plasticizers in high-volume flexible PVC products. In order to prevent polymeric materials from deteriorating in the presence of heat, ultraviolet (UV) light, and oxidation during the course of the product’s lifecycle, stabilisers, which are high-value, low-volume chemicals, are routinely added. Flame retardants, which are used extensively to prevent fires in the construction, automotive, electrical, and electronic industries, had the second-largest volume share after plasticizers in 2021.
The major players covered in the Plastic Additives market report are:
• BASF SE
• Clariant AG
• Albemarle Corporation
• Songwon Industrial Co. Ltd.
• LANXESS AG
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