Automotive Additives Market by Plastic Additives (Plasticizers America

  • Automotive Additives Market by Plastic Additives (Plasticizers America
  • Automotive Additives Market by Plastic Additives (Plasticizers America
  • Automotive Additives Market by Plastic Additives (Plasticizers America
  • How big is the plastic additives market?
  • The global plastic additives market was valued at USD 56.69 billion in 2023 and is projected to grow from USD 60.35 billion in 2024 and reach USD 93.85 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. Plastic additives are chemicals that are used to modify, process, or polymerize the end-use properties of polymers.
  • How much is the plastic additives market worth in 2023?
  • Fortune Business Insights says that the global market worth was USD 56.69 billion in 2023 and is projected to reach USD 93.85 billion by 2032. How much is the plastic additives market worth?
  • At what CAGR is the market projected to grow over the forecast period?
  • Which is the leading end-use segment in the market?
  • Which industries use plastic additives?
  • Several sectors including automotive, construction, textile, electrical & electronic, agricultural, and packaging, use plastic additives for multiple purposes. Increasing adoption of plastic is attributed to their exceptional properties is driving the demand for their derivatives in the market.
  • What plastic additives are used in food packaging?
  • Some major plastic additives used in food packaging are oxygen scavengers, antimicrobials, antioxidants/stabilizers, colorants, lubricants, and blowing agents. The global seafood market reached a value of USD 253 billion in 2021, and it is projected to reach USD 336 billion by 2025.
  • Who are the major players in the plastic additives market?
  • The plastic additives market is fragmented in nature. Some of the major players in the market (in no particular order) include BASF SE, Adeka Corporation, Lanxess, EVONIK INDUSTRIES AG, and Exxon Mobil Corporation, among others. September 2022: BASF showcased VALERAS for its plastic additives portfolio.
  • Which segment accounted for a major plastic additives market share in 2023?
  • The plasticizers segment accounted for a major plastic additives market share in 2023 as they reduce the viscosity of polymer materials and increase the flexibility of the polymers. The plasticity of polymers is altered for different requirements of different application areas.

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