Plastic Additives Market Analysis by Size, Share, Demand & Growth by 2032
Plastic additives are compounds added to plastic during manufacturing to alter its properties.
Examples include plasticizers for flexibility, antioxidants for longevity, and flame retardants
for safety. While enhancing performance, additives raise concerns about environmental
impact and health risks. Balancing innovation with sustainability is crucial in the plastic
industry's evolution.
A significant production volume of plastic all over the globe is driving sales of plastic
additives to improve the quality and functionality of different materials. The global plastic
additives market is anticipated to reach a value of US$ 66.6 Billion by 2032, expanding at a
4.6% CAGR over the forecast period.
With increasing investment by prominent players across emerging countries, the rising inflow
of foreign direct investment in the automotive and packaging sectors will bode well for the
growth in the market over the forecast period.
Expansion in the building and construction sector, rising electric vehicle production, and
ongoing development in the packaging sector will augment the growth in the market. Surging
demand for polyethylene, polypropylene, polyvinyl chloride, and other types of plastic for
packaging applications will push sales of additives.
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“Growing demand for packaging materials for various applications, along with increasing
production of specialty chemicals across the globe will drive sales in the market in the
forthcoming years,” says an FMI analyst.
Key Takeaways:

By product type, the plasticizer segment is expected to account for about 6% of the
overall market share.

Based on plastic type, the polyethylene and polypropylene segment is expected to
account for more than 48% of the overall consumption.

In terms of end use, sales in the packaging segment will increase at a 4.9% CAGR
over the assessment period.

India will emerge as a lucrative pocket in South Asia plastic additives market,
accounting for 2/5th of the total market share.

Sales in the China plastic additives market are expected to gain traction at a 5.3%
CAGR over the assessment period.
Competitive Landscape
Some of the top plastic additives manufacturers include
1. BASF SE
2. Clariant AG
3. Albemarle Corporation
4. Songwon Industrial Co., Ltd
5. Nouryon
6. LANXESS AG
7. Evonik Industries AG
8. Kaneka Corporation
9. Dow
10. SABIC
11. Exxonmobil
12. Mitsui Chemicals
13. Badische Anilin- und SodaFabrik SE
Key players are focusing on expanding their production capacity to increase their global
presence and to improve sales. Further, players are also investing in product innovation. For
instance:

In September 2020, Covestro acquired Koninklije DSM N.V.’s resin and functional
material business, as well as additives manufacturing, advanced solar coating, and the
Niaga innovation project.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
driving factors that are boosting demand in the market. FMI stands as the leading global
provider of market intelligence, advisory services, consulting, and events for the Packaging,
Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110 countries.
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