Plastic Additives Market Is Expected To Reach USD 47.8 Billion Globally in 2016: Transparency Market Research

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• Publié par: transparency-market-research
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• Langue: English

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Plastic Additives Market Is Expected To Reach

USD 47.8 Billion Globally in 2016:

Transparency Market Research

PR Newswire

ALBANY, New York, June 28, 2012

ALBANY, New York

,

June 28, 2012

/PRNewswire/ --

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

By function

- Property Modifiers

- Property Extenders

- Property Stabilizers

- Processing Aids

By product type

- Plasticizers

- Flame Retardants

- Impact Modifiers

- Antioxidants

- Antimicrobials

- UV Stabilizers

By geographies

-

North America

-

Europe

-

Asia Pacific

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