Report Highlights
- The global market for plastics additives is expected to increase from $36.2 billion in 2008 to an estimated $37.4 billion in 2009, and $45.8 billion in 2014, for a compound annual growth rate (CAGR) of 4.1%.
- Property modifiers have the largest share of the market, worth $18.2 billion in 2008 and an estimated $18.7 billion in 2009. This is expected to increase at a CAGR of 4.1% to reach $22.9 billion in 2014.
- The property stabilizers segment is the second largest, generating $12.1 billion in 2008 and an estimated $12.6 billion in 2009. This segment should reach $15.4 billion in 2014, for a CAGR of 4.2%.
INTRODUCTION
Every activity in modern life is influenced by plastics and many depend entirely on plastic products. All these plastic products are made from the essential polymer mixed with a complex blend of materials known collectively as additives. Without additives, plastics would not work, but with them plastics can be made safer, cleaner, tougher, and more colorful. Additives cost money, but by reducing production costs and making products last longer, they help in saving money and conserving the world’s precious raw material reserves. In fact, the world today would be a lot less safe, a lot more expensive, and a great deal duller without the additives that turn basic polymers into useful plastics.
STUDY GOALS AND OBJECTIVES
Additives are the ignored components of plastics. For instance, in discussions of the market success of polyvinyl chloride (PVC) or polypropylene (PP), the polymers get the most attention, and little credit is given to the plastics additives that enable these products to be as useful as they are. But when environmental and health concerns arise, plastics additives take center stage until the industry finds a way to either replace the troublesome additives with newer types of additives or to prove that the additives in question are essentially harmless. This report intends to bring out the usefulness of various varieties of plastics additives and the market share of each type of additive.
- Additive manufacturers
- Additive suppliers
- Additive distributors
- Specialty chemical manufacturers
- Resin manufacturers
- Master-batch suppliers
- Potential market entrants into additive business
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Report Highlights
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Plastic additives encompass a wide variety of materials added to plastic resins in order to enhance the quality of these resins. The materials can be classified as modifiers, property extenders, and processing aids. A complete list of these additives indicates the 32 types of additives that are used commercially.
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The consumption level of plastic additives follows the consumption level of plastic resins. Plastic resin production in the U.S. was 29.1 billion lb. in 1973, 59.7 billion lb. in 1988, and 100.9 billion lb. in 2000 — a growth rate of 4.7% annually during 27 years. This type of growth parallels the consumption level of additives, although the use of some additive types is growing more rapidly than others.
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U.S. additives sales expected to grow at 3.5% annually to reach $5.5 billion in 2005. World markets for these additives are 35% in Asia, 28% in North America, 25% in Europe, and the rest of the world at the remaining 12%. These figures indicate that the world market for these additives in 2000 has a value of about $16.4 billion.
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