Global plastic additives market worth US$39.7B in 2011, expected to reach US$47.8B by 2016; plasticizers expected to be largest segment in 2016 followed by flame retardants
ALBANY, New York
June 28, 2012
– According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Plastic AdditivesMarket: Global Industry Analysis, Size, Share & Forecast (2011 - 2016)", global plastic additives market revenue reached USD 39.7 billion in 2011 and is expected to reach USD 47.8 billion by 2016, growing at a CAGR of 3.8% from 2011 to 2016. By 2016, Flame Retardants is expected to be the second largest segment generating revenue after Plasticizers.
Browse the database at http://www.transparencymarketresearch.com/plastic-additives-market.html
Plastic additive is a diversified industry with various types of additives such as property modifiers, property extenders, property stabilizers and processing aids and is set to demonstrate a high growth rate over the next few years. Major end use markets served by the industry include commercial construction, automotive, consumer appliances industry and general manufacturing industries. The plastic additive industry being energy and capital intensive, oil and gas are considered as major raw material suppliers for the industry.
The global plastic additives market continues to grow and discover new growth opportunities mainly due to increase in end use markets such as commercial construction, automotive, consumer appliances industry and general manufacturing industries. Initial high implementation cost remains the major concern; however the high ROI (return on investment) is expected to overcome this concern and drive the growth of the plastic additive market. The other factors driving the market include rise in plastic consumption, recovering economy, and compliance with environment.
Among all the geographical regions, Asia Pacific is leading globally both in terms of production and consumption of plastic additives due to increase in end use market such as automobile industry and construction industry. Moreover, the automobile industry in China and India is expected to grow at over 8% and 14% respectively. The demand from mature markets such as U.S. and Europe is also expected to increase due to recovery from a sluggish economy.
The opportunities in plastic additives market are huge as many market players are continuously investing and focusing on new product development. BASF remains the biggest manufacturer of plastic additives; other manufacturers include Chemtura Corporation, Exxon Mobil Corporation Bayer AG, Chemtura, Kaneka and many more.
This report helps to identify factors, which will be the driving force behind the plastic additives market and sub-markets in the next five years. The report provides extensive analysis of the plastic additives industry, current market trends, industry drivers and challenges for better understanding of the plastic additives market structure. The report has segregated the plastic additives industry in terms of its function, product types and geography.
Major Segments Analyzed
- Property Modifiers
- Property Extenders
- Property Stabilizers
- Processing Aids
By product type
- Flame Retardants
- Impact Modifiers
- UV Stabilizers
- North America
- Asia Pacific
Related & Recently Published Reports by Transparency Market Research
Crop Protection Market
India Pesticides Market
Toluene Diisocyanate Industry
Mobile Content Market
Organic Dairy Foods Market
Asthma Drug Market
Lighting Products Market
Image Sensors Industry
Browse all Food & Chemical & Materials Market Research Reports
Upcoming Reports in Chemical & Materials Market
Ceramic Sanitary Ware Market
Biofuel Enzymes Market
Fuel Ethanol Market
High Temperature Insulation (HTI) Market
Oxygen Concentrator Market
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.