Comparing 20 vendors in Plastic Additives across 27 criteria.
ContendersMarket Leaders 
Emerging CompaniesInnovators 
Sakai
BASF
Dow
Avient
Adeka
Kaneka
Songwon
PMC
Astra Polymers
Evonik
Lanxess
Clariant
Albemarle
Nouryon
Milliken
Ampacet
BYK
Sabo
Baerlocher
ARGUS
Access Research To
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POWERED BY MARKETSANDMARKETS
Sep 21, 2023
The Plastic Additives Companies quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Plastic Additives. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 70 Plastic Additives companies of which the Top 20 Plastic Additives Companies were categorised and recognized as the quadrant leaders.
According to the British Plastic Federation, all plastic products are made from the essential polymer mixed with a complex blend of materials known collectively as additives. These additives make plastics safer, cleaner, tougher, and more colourful. Plastic additives are ingredients that are added to polymers to improve their strength, durability, and heat sensitivity. They are added to enhance the processability, performance, or appearance of the polymer.
The 360 Quadrant efficiently maps the Plastic Additives companies based on criteria such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies for the market presence of the Plastic Additives quadrant. The top criteria for product footprint evaluation included Type (Plasticizers, Stabilizers, Flame Retardants, and Impact Modifiers), Plastic Type (Commodity, Engineering and High-Performance) and Application.
Key trends highlighted in 360 Quadrants:
- The global Plastic Additives Market was valued at USD 48.13 billion in 2022 and is projected to reach USD 59.92 billion by 2027 growing at a CAGR of 5.6% from 2022 to 2026.
- Based on type, the plasticizers segment accounted for the largest share (nearly 45%) of the plastic additives market in 2022. The plasticizers segment is expected to grow due to increasing environmental restrictions and awareness. Plastic Additives companies are therefore expanding of the plasticizers category in the global market for plastic additives is driven by the production of several items including film and sheets, wire and cables, and bottles.
- In terms of plastic type, with a CAGR of 5.79% in terms of value from 2021 to 2026, commodity plastic is the largest and the fastest-growing category in the total plastic additives market. The widespread use of commodity plastic in a variety of applications, including carrier bags, PET bottles, caps and closures, medical equipment and packaging, and others, is responsible for this significant increase.
- Plastic Additives companies launch various types of plastics such as commodity plastics, engineering plastics and high-performance plastics. Commodity Plastics has been the fastest-growing market, accounting for 60% of the plastic additives market, followed by engineering plastic with a 23% share.
- The growth of the plastic additives market is attributed to the increase in demand for tougher, more durable, and more flexible plastic products and used in various applications such as plastic bags and sheets, plastic wraps, toys, lids and pipes.
- The packaging segments of the plastic additives market are anticipated to expand rapidly over the course of the forecast period. The global market for plastic additives is dominated by APAC. The region's plastic additives industry is driven by expanding consumer goods and packaging sectors. During the projected period, the demand for plastic additives in developing nations like India, Mexico, and Brazil is anticipated to increase due to the rising per capita consumption of plastics. Due to the widespread shift of manufacturing activity to low-cost nations in the APAC area, India and China are important marketplaces.
- Plastic Additives companies like BASF, Dow, Evonik, Lanxess, Clariant and Kaneka are the key market players and have undertaken various development strategies pertaining to the plastic additives market, where the cumulative share of these plastic additives companies was between 25 to 35% share in the plastic additives market.
- Some plastic additives companies are deploying different strategies to win the plastic additives market. For Instance, Dow Chemical mostly focused on the Americas and BASF, Evonik, and Lanxess are focused on Europe.
- Leading plastic additives companies adopted new product launches as the key growth strategy, along with expansions and acquisitions. In May 2023, Evonik introduced the TEGO Cycle additives line. In order to assist its clients in streamlining processes and raising the final quality of recycled plastics, Evonik has introduced a wide variety of additives under the trade name TEGO Cycle.
- Other leading plastic additives companies such as Clariant, Avient and others have also been actively involved in strategic growth activities to strengthen their footprint in the market. For instance, in October 2022, Clariant launched new additives at K 2022 to support plastics sustainable evolution.
- The replacement of conventional materials with plastic and the increasing use of plastic day by day is increasing the demand for plastic products. Plastic Additives companies are now offering options with several superior characteristics such as thermal protection, long-term durability, and maintenance of the integrity of products.
- Increasing demand for non-phthalates plasticizers due to rising environmental awareness and regulations, plastic additives companies are inclining towards adopting market trends. Some of the potential trends that might dominate the market in the near future include automotive and high-end applications that make up the majority of uses for high-performance polymers. High-performance polymers are used to create pricey plastic items with exceptional mechanical strength, chemical stability, and temperature stability. Plastic Additives companies are now rigorously putting efforts into exploring and innovating products based on these trends.
- Plastic Additives companies are now putting a lot of effort into finding ways to lower costs for common disposable items and durable products. In September 2021, IrgaCycle, a new line of additive solutions from BASF, was introduced to meet the urgent needs in plastics recycling. While dealing with rising consumer concerns and stricter regulatory requirements to limit plastic waste, the plastics sector is looking for ways to incorporate a higher amount of recycled polymeric material in all major applications.
The Full List
The Full List
| Company | Headquarters | Year Founded | Holding Type |
|---|---|---|---|
| ARGUS | Büren, Germany | 1994 | Private |
| Adeka | Tokyo, Japan | 1917 | Public |
| Albemarle | Charlotte, USA | 1994 | Public |
| Ampacet | Tarrytown, USA | 1937 | Private |
| Astra Polymers | Dammam, Saudi Arabia | 1993 | Private |
| Avient | Avon Lake, USA | 2000 | Private |
| BASF | Ludwigshafen, Germany | 1865 | Public |
| BYK | Wesel, Germany | 1873 | Private |
| Baerlocher | Unterschleibheim, Germany | 1823 | Private |
| Clariant | Muttenz, Switzerland | 1995 | Public |
| Dow | Midland, USA | 1897 | Public |
| Evonik | Essen, Germany | 2007 | Public |
| Kaneka | Osaka, Japan | 1949 | Public |
| Lanxess | Cologne, Germany | 2004 | Public |
| Milliken | Spartanburg, USA | 1865 | Private |
| Nouryon | Amsterdam, Netherlands | 2018 | Private |
| PMC | Mount Laurel, USA | 1994 | Private |
| Sabo | Levate, Italy | 1937 | Private |
| Sakai | Sakai-ku, Japan | 1918 | Public |
| Songwon | Ulsan, South Korea | 1965 | Private |
Frequently Asked Questions (FAQs)
Plastic additives are chemicals that are added to plastic products during the manufacturing process to improve or modify their properties.
Plastic additives come in a variety of forms that can be utilised in the production of plastic. Stabilizers are one type; they are added to plastic to stop it from deteriorating from environmental influences like heat and light. Plasticizers are a different kind that are used to soften and make the plastic more flexible. Colorants and flame retardants are used to give plastic products their distinctive colours and reduce their flammability. Lubricants improve the flow of the plastic during manufacturing, antioxidants stop plastic from breaking down due to oxygen exposure, and fillers can be used to cut costs. Depending on the type of plastic being produced and the intended use of the finished product, different additives are used.
Plastic additives can improve properties like flexibility, strength, durability, and resistance to heat, UV light, or fire. They can also make the plastic more resistant to chemicals. They improve the way plastic works, making it better for certain uses and cheaper because it doesn't need expensive materials to get certain properties. Also, plastic additives can be used in many different ways and come in many different types, so manufacturers can change the plastic to meet specific needs. Lastly, plastic additives make plastic more durable, so it lasts longer, needs less maintenance, and doesn't need to be replaced as often.
Some common plastic additives used in food packaging are antimicrobial agents and antioxidants. Antimicrobial agents stop bacteria and fungi from growing, and antioxidants stop fats and oils in food from turning rancid. Plastic packaging is also made more flexible and easier to work with by adding plasticizers like phthalates. UV stabilisers keep the plastic from breaking down when it's exposed to UV light, and slip agents make it easier to work with. Colorants are also used to add colour to the packaging of food. It's important to remember that these additives are carefully regulated to make sure they are safe for use with food, and their use is limited and restricted based on what they are used for and what kind of food they come in contact with.
A plasticizer is a chemical additive that is added to a plastic during the manufacturing process to increase the flexibility, durability, and workability of the material. Plasticizers work by lowering the intermolecular forces between polymer chains in the plastic, making it more pliable and easier to shape. This increased flexibility enables the plastic to be moulded into various shapes and sizes, as well as making it more resistant to cracking or breaking under stress. Plasticizers that are commonly used include phthalates, adipates, and citrates. However, some plasticizers have been found to have negative health and environmental effects, and research into safer alternatives is ongoing.
There are numerous additives that can be used in polymers, but here are four of the most common:
Stabilizers: These are chemicals that protect polymers from degradation caused by heat, light, or other environmental factors. UV stabilisers, which protect against UV radiation, and antioxidant stabilisers, which prevent oxidation, are two examples.
Plasticizers: These are chemicals that are added to polymers to make them more flexible and workable. Plasticizers weaken the intermolecular forces between polymer chains, making the material more pliable and shapeable.
Flame retardants: They are chemicals that are added to polymers to make them less flammable. Flame retardants function by interfering with the combustion process, either by reducing the available fuel or by forming a barrier between the polymer and the flame.
Colorants: They are substances that give polymers their desired colour. Colorants can be mixed with other additives such as plasticizers or stabilisers or added directly to the polymer resin. Pigments are a type of colourant that is commonly used in polymers.
Plastics contain additives for a variety of reasons, including:
Improving performance: Plastic additives can improve properties such as strength, flexibility, and durability, making them suitable for a variety of applications.
Extending the lifespan of plastics: Additives can shield plastics from environmental factors like heat, light, and humidity, which can cause degradation over time.
Enhancing appearance: Colorants and pigments can be used to add colour and improve the appearance of plastic products.
Cost reduction: By replacing more expensive materials with less expensive ones, additives can be used to reduce the cost of manufacturing plastics.
Compliance with regulatory requirements: Some additives, such as flame retardants, are required by law to comply with safety regulations.
Overall, additives are critical to the performance, appearance, and longevity of plastic products, as well as the plastic manufacturing process.
Functional additives are chemicals that are added to plastics to make them better for certain uses. They are made to change the way the plastic works in a specific way, which lets manufacturers meet the different needs of different products. Antimicrobials, conductive additives, anti-static additives, lubricants, and cross-linking agents are all examples of functional additives that are used in the plastics industry. These additives can help make plastic products look better, last longer, be stronger, and have other good qualities. In the plastics industry, it is important to use functional additives to meet the needs of many different industries, such as electronics, medical devices, packaging, automotive, and construction.
Plastic additives are important because they can improve how well, how long, and how nice-looking plastic products are. Plastic additives can make plastic materials stronger, more flexible, and more resistant to heat. This lets them meet the different needs of different applications. Additives can also lengthen the life of plastic products by protecting them from things like UV radiation, heat, and humidity. Plastic additives are also a big part of making sure that safety, hygiene, and sustainability rules are met. By adding functional additives to plastic products, manufacturers can change their properties to meet specific performance needs. This makes functional additives an important part of the plastics industry.
There are many good things about plastic additives, but there are also some possible bad things that could happen if they are used:
Effects on the environment: Some additives to plastic, such as phthalates and bisphenol A (BPA), are bad for the environment and for people's health. These chemicals can stay in the environment for a long time and can be harmful to aquatic life and other types of life.
Health concerns: Some additives to plastic have been linked to health problems like messed up hormones, cancer, and problems with how people grow and develop. For example, lab animals that were given phthalates had trouble getting pregnant.
Migration: Additives in plastic can move from the plastic into food or other products, which could expose people to chemicals that are bad for them.
Regulatory issues: Some plastic additives have been banned or limited in some countries because of safety concerns, which could cause problems in the supply chain.
Lack of transparency: Some companies may not tell customers what kinds or how much of the additives they use in their products. This makes it hard for customers to make smart decisions about how to use them.
Overall, plastic additives have a lot of benefits, but it's important to think carefully about how to use them and what risks they could pose to people's health and the environment.
Research Methodology
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