Polymer Additives Market Size, Share, and Analysis, By Type (Plasticizers, Antimicrobials, Impact Modifiers, Antioxidants, Flame Retardants, UV Stabilizers, Lubricants, Others), By Functions (Property Stabilizers, Property Modifiers, Processing Aids and Property Extenders), By Ingredients (Ceramic Fiber, Bisphenol A Diglycidyl Ether, Surfactants, Styrene Butadiene Rubber (SBR), Others), By Technology (UV Protection, Anti-Scratch, Mold Release, Anti-Fog, Plasticization, Others), By Application (Consumer Goods, Packaging, Automotive, Agriculture, Coating, Building and Construction, Electrical and Electronic, Others) and Regional Forecasts, 2022-2032
Polymer Additives Market Market Size
:
Polymer Additives Market size was USD 49.5 billion in 2021 and projected to grow from USD 54.6 billion in 2023 to USD 85.2 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.
Polymer additives are the substances that are added to the polymer matrix to enhance the processing ability of polymer like improving the shelf life of material, modify into a required end-use product. Additives are combined to polymers for enhancing the smooth surfaces, support optical qualities, simplify processing, and to provide anti-aging advantages. The addition of additives to polymer has major impact on its performance and stability.
Market Highlights
Polymer Additives Market is expected to project a CAGR of 5.1% during the forecast period, 2022-2032
Polymer Additives Market is expected to reach USD 85.2 billion, growing at a CAGR of 5.1% during forecast period owing to the improvements in additives like green chemistry and bio-based compounds which will improve the materials acceptability for usage. The market for polymer additives is expected to increase due to the industrialization, extension of packaging industry and lifestyle modifications. Increasing plastic consumption and widening of industrial sector is expected to drive the demand for the growth of Polymer Additives Market.
Polymer Additives MarketSegmentation:
PlasticizersSegment is expected to grow during the forecast period
Polymer Additives Market is classified based on the Type into Plasticizers, Antimicrobials, Impact Modifiers, Antioxidants, Flame Retardants, UV Stabilizers, Lubricants, Others. Plasticizers segment dominated the market in 2021 owing to the wide range of applications possessed by plasticizers in production of PVC to enhance the fluidity and plasticity nature of product. Flame Retardants segment is expected to dominate the market in the forecast period due to the ability of material to conduct heat well and their usage aerospace and automobile industry.
Property Stabilizers Segment is expected to grow with high CAGR during the forecast period
Polymer Additives Market is classified based on the Functions into Property Stabilizers, Property Modifiers, Processing Aids and Property Extenders. Property Stabilizers segment dominated the market in 2021 and is expected to continue its dominance in the market over the forecast period owing to their wide usage of material due to their improved stability in thermal and chemical bonding with the physical properties. The growing demand and applications of Polymer Additives is expected to boost the growth of the market.
Market Dynamics:
Growth Drivers
Presence of Various Applications is Expected to Boost the Growth of the Market
The presence of various applications and uses of additives in the packaging, manufacturing, automotive, agriculture and different industries is expected to create growth opportunity for the market. The property like conductivity of carbon nanofibers and carbon nanotubes is expected to boost the growth of the market. The increasing urge of commodities due to the urbanization and the growing disposable incomes is expected to drive the demand for the market growth. Polymer additives play an important role in enhancing the quality of the finished product.
Increasing Urbanization is Expected to Boost the Growth of the Market
Increasing urbanization, growing disposable incomes and modifications of lifestyles are creating demand for goods, automobiles, packaging materials etc. which is expected to boost the growth of the market. Growing awareness on following sustainable practices and the necessity to decrease the carbon footprint is creating demand for the market. Polymer additives provide enhanced environmental presentation and the improved performance of polymer additives is anticipated to drive the growth of the market.
Restraint
Rules and Regulations by Governments May Restrain the Growth of the Market
The strict rules and regulations set by the government in the manufacture and disposal of the product is expected to restrain the growth of the market. The increasing environmental concerns are also expected to hamper the market growth.
Recent Developments:
Evonik Industries AG had created a product VESTAMID, which is a polyamide utilized in the production of consumer good and in automobiles.
Key market players are focusing on collaborations and partnerships to initiate tailored solutions for applications.
Polymer Additives Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the market in 2021 owing to the increased demand for manufacturing industries in countries of this region along with the presence of properties like resistivity to corrosion, high strength which are resulted in the growth of the market. North America region is expected dominate the market in the forecasted period owing to the various advancements in technology which will assist in the growth of the market.
Impact of Covid-19 on Polymer Additives Market
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. Due to the restrictions applied on the material movement, travel bans and downfall of various industries like automotive, manufacturing etc. resulted in the negative impact on the market. The unavailability of raw materials results in reduced production capability. Covid-19 had a negative impact on the growth of the Polymer Additives Market.
Polymer Additives Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.
Polymer Additives Market Scope and Segments:
ATTRIBUTE
DETAILS
Study Period
2018-2032
Base Year
2022
Forecast Period
2022-2032
Historical Period
2019-2021
Growth Rate
CAGR of 5.1% from 2022-2032
Unit
Value (USD Billion)
Segmentation
Main Segments List
Type
Plasticizers
Antimicrobials
Impact Modifiers
Antioxidants
Flame Retardants
UV Stabilizers
Lubricants
Others
Functions
Property Stabilizers
Property Modifiers
Processing Aids
Property Extenders
Ingredients
Ceramic Fiber
Bisphenol A Diglycidyl Ether
Surfactants
Styrene Butadiene Rubber (SBR)
Others
Technology
UV Protection
Anti-Scratch
Mold Release
Anti-Fog
Plasticization
Others
Application
Consumer Goods
Packaging
Automotive
Agriculture
Coating
Building and Construction
Electrical and Electronic
Others
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Scandinavia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Frequently Asked Questions (FAQ):
Polymer Additives Market size was estimated at USD 49.5 billion in 2021 and is expected to reach USD 85.2 billion in 2032.
Polymer additives are the substances that are added to the polymer matrix to enhance the processing ability of polymer like improving the shelf life of material, modify into a required end-use product.
Plasticizers and Property Stabilizers segment accounted for the largest Polymer Additives market share.
Key players: BASF, AkzoNobel, DuPont, 3M, Bayer AG, Clariant, CYTEC SOLVAY GROUP, DOW Plastic Additives, Chemtura Corporation, ADEKA, Ferro Corporation, Croda, TCI Chemicals, Clariant Ltd., Exxon Mobil Corporation and Other Prominent Players are the key players in the Polymer Additives Market.
Presence of Various Applications and Increasing Urbanization are the factors driving the Polymer Additives market.
Table Of Content
1 Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Polymer Additives Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot 2 Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation 3 Market Characteristics
3.1. Market Definition
3.2. Polymer Additives Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data 4 Polymer Additives Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability 5 Macroeconomic Indicators
6 Recent Developments
7 Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends 8 Risk Analysis
9 Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological 10 Polymer Additives Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast 11 Polymer Additives Market Size & Forecast 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Plasticizers
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Antimicrobials
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Impact Modifiers
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. Antioxidants
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.5. Flame Retardants
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2. Market Share (%) 2022-2032F
11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.6. UV Stabilizers
11.3.1.6.1. By Value (USD Million) 2022-2032F
11.3.1.6.2. Market Share (%) 2022-2032F
11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.7. Lubricants
11.3.1.7.1. By Value (USD Million) 2022-2032F
11.3.1.7.2. Market Share (%) 2022-2032F
11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.8. Others
11.3.1.8.1. By Value (USD Million) 2022-2032F
11.3.1.8.2. Market Share (%) 2022-2032F
11.3.1.8.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Functions
11.3.2.1. Property Stabilizers
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Property Modifiers
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Processing Aids
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Property Extenders
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Ingredients
11.3.3.1. Ceramic Fiber
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Bisphenol A Diglycidyl Ether
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. Surfactants
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. Styrene Butadiene Rubber (SBR)
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.5. Others
11.3.3.5.1. By Value (USD Million) 2022-2032F
11.3.3.5.2. Market Share (%) 2022-2032F
11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.4. By Technology
11.3.4.1. UV Protection
11.3.4.1.1. By Value (USD Million) 2022-2032F
11.3.4.1.2. Market Share (%) 2022-2032F
11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.2. Anti-Scratch
11.3.4.2.1. By Value (USD Million) 2022-2032F
11.3.4.2.2. Market Share (%) 2022-2032F
11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.3. Mold Release
11.3.4.3.1. By Value (USD Million) 2022-2032F
11.3.4.3.2. Market Share (%) 2022-2032F
11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.4. Anti-Fog
11.3.4.4.1. By Value (USD Million) 2022-2032F
11.3.4.4.2. Market Share (%) 2022-2032F
11.3.4.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.5. Plasticization
11.3.4.5.1. By Value (USD Million) 2022-2032F
11.3.4.5.2. Market Share (%) 2022-2032F
11.3.4.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2022-2032F
11.3.4.6.2. Market Share (%) 2022-2032F
11.3.4.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.6.4.
11.3.5. By Application
11.3.5.1. Consumer Goods
11.3.5.1.1. By Value (USD Million) 2022-2032F
11.3.5.1.2. Market Share (%) 2022-2032F
11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.2. Packaging
11.3.5.2.1. By Value (USD Million) 2022-2032F
11.3.5.2.2. Market Share (%) 2022-2032F
11.3.5.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.3. Automotive
11.3.5.3.1. By Value (USD Million) 2022-2032F
11.3.5.3.2. Market Share (%) 2022-2032F
11.3.5.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.4. Agriculture
11.3.5.4.1. By Value (USD Million) 2022-2032F
11.3.5.4.2. Market Share (%) 2022-2032F
11.3.5.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.5. Coating
11.3.5.5.1. By Value (USD Million) 2022-2032F
11.3.5.5.2. Market Share (%) 2022-2032F
11.3.5.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.6. Building and Construction
11.3.5.6.1. By Value (USD Million) 2022-2032F
11.3.5.6.2. Market Share (%) 2022-2032F
11.3.5.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.7. Electrical and Electronic
11.3.5.7.1. By Value (USD Million) 2022-2032F
11.3.5.7.2. Market Share (%) 2022-2032F
11.3.5.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.8. Others
11.3.5.8.1. By Value (USD Million) 2022-2032F
11.3.5.8.2. Market Share (%) 2022-2032F
11.3.5.8.3. Y-o-Y Growth (%) 2022-2032F 12 North America Polymer Additives Market Size & Forecast 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Function
12.3.3. By Ingredient
12.3.4. By Technology
12.3.5. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada 13 Europe Polymer Additives Market Size & Forecast 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Function
13.3.3. By Ingredient
13.3.4. By Technology
13.3.5. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland) 14 Asia Polymer Additives Market Size & Forecast 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Foundation
14.3.3. By Ingredient
14.3.4. By Technology
14.3.5. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC 15 Middle East and Africa Polymer Additives Market Size & Forecast 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Function
15.3.3. By Ingredient
15.3.4. By Technology
15.3.5. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa 16 Latin America Polymer Additives Market Size & Forecast 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Function
16.3.3. By Ingredient
16.3.4. By Technology
16.3.5. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America 17 Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders 18 Company Profiles
18.1. BASF
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. AkzoNobel
18.3. DuPont
18.4. 3M
18.5. Bayer AG
18.6. Clariant
18.7. CYTEC SOLVAY GROUP
18.8. DOW Plastic Additives
18.9. Chemtura Corporation
18.10. ADEKA
18.11. Ferro Corporation
18.12. Croda
18.13. TCI Chemicals
18.14. Clariant Ltd.
18.15. Exxon Mobil Corporation
18.16. Other Prominent Players 19 Appendix
20 Consultant Recommendation
Research
Methodology
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analysts adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key opinion
leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Supply Side
R&D technicians and technologists
Procurement Managers
Physician If s/Specialist
Research Professors
Healthcare Providers
Consumers
Distributors & Channels
Service Provide
Demand Side
CEOs
Vice presidents
Marketing directors
RProduct Managers
Regional Sales and
Marketing Managers
Business Development
Plant Manage
Research Framework
Objective of Research
The objective of the research is to provide a 360 holistic view on the market and
bringing the insights that can help stakeholders identify the opportunities as well
as challenges.
We have provided the market size in terms of value and volume of market with
segmentation and offers in-depth commentary and accurate quantitative insights.
The study also includes incisive competitive landscape analysis, and provides key
recommendations to market players on winning imperatives and successful strategies.
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analyst adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key
opinion leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Analysts compile the whole data from demand and supply-side perceptions
Secondary Research
Data is gathered from various secondary databases.
Diligently tracking the secondary sources for closely monitoring the market trends
and insights.
Analysts compile the whole data from demand and supply-side perceptions for the
better outputs.
Data Sources
Research Approach
Demand Estimation of each product across countries/regions summed from the total
market
Variable analysis for demand forecasting
Demand estimation via analysing paid database, company financials either via annual
report or database
Primary interviews for data revalidation and insights collection.
Used extensively for new product forecasting or analysing penetration level
Tool used invoices product flow & penetration models
Use of regression multi variate analysis for forecasting
Involve extensive use of paid and public database
Primary interviews & vendor-based primary research for variable impact analysis
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