Plastics additives are the substances that are added in polymer during reaction or chemical process. These additives help in improving the characteristics of polymers such as strength, shine, durability and heat sensitivity. Decrease in mineral ore sources has raised the cost of metal equipment, which has triggered the application of plastics to replace this metal equipment. The low cost of plastics equipment and similar chemical properties of metal are pushing the additives market. The plastic additives are used to improve the properties of plastics required for desired plastic products. The companies involved in manufacturing of additives are majorly concentrating on specialty chemicals that are used in construction and automobile equipment.
The plastic additives market in this report majorly focusing on varieties of plastic additives namely, plasticizers, flame retardants, antioxidants, antimicrobial, UV stabilizer and blowing agents. This report does not cover market for Lubricants, color pigments, bio-stabilizers, fragrances, bio-degraders and anti-static plastic additives. This report is also focuses on function of plastic additives such as property modifiers, property stabilizers, property extenders and processing aids. Plastic additives has diversified product portfolio that has opened novel opportunities for the plastic product market. The plastic additive market’s growth has been hampered due to economic crisis; however, it is still in a growing phase and the growth is expected accelerate in the future. This report provides an in depth intelligence of the current market trends available in plastic additives industry and expected future growth of this market. The key developmental strategies adopted by the companies are discussed in the report that provides market intelligence of plastic additive market.
Global Plastic Additive Market Segmentation
The demand for plastics products is increasing day by day due to its multiple, cost effective and efficient applications. Plastic products are used in various forms in a market; however, these various forms of plastics are derived thorough addition of additives. The additives act as catalyst or fillers that help in increasing the properties of plastics that can be used in a variety of applications such as automobile, home, telecommunication etc. All plastic products are made of polymers, which is mixed with a blend of materials known as “additives”. Additives enhance the property of plastics and make it safer, cleaner, tougher, heat and UV resistant, and antimicrobial. The plastic additive market is segmented into five categories namely, plasticizers, flame-retardants, impact modifiers, antioxidants, anti-microbial and UV stabilizers. The global plastics additive market is dominated by plasticizers and expected to grow in future due to increase in adoption of plastic products. The plasticizer increases the rigidity of plastic and acts as plastic modifier. The second largest market of plasticizers is covered by flame retardants followed by impact modifiers.
Asia Pacific Plastic Additives Market Scenario
The plastic additive market in Asia Pacific region has shown steadily despite of global recession and further expected to grow in future. The current plastic additive market in developing economies is showing opportunities in China and India for investors due to low labor cost and higher internal consumption. The demand for plastic products in India and China has been growing in automobile, electronic, office machines, construction equipment and toy industries. The increase in demand for eco-friendly and high performance plastic products from developed economies is putting the legislation pressure to plastic additives manufacturing companies in Asian region. The end user plastic products manufacturing plants from Japan, the republic of Korea and Taiwan have relocated due to presence of higher demand for plastic products in both internal and external market. Thus, plastic industry in China and India is booming since last decade.
TOP FACTORS IMPACTING GLOBAL PLASTICS ADDITIVES MARKET
Excess usage of plastic products
The increase in cost of natural metal ore is shifting the trend of metal product to plastic products. Plasticizers in such cases are providing effective platform to plastic industries through their flexible properties. In addition, increasing awareness for the conservation of limited resources and other environmental factors such as forest protection has reduced and replaced the wooden products to plastic products.
This increase in usage of plastic products has increased the demand for the plastic additives that are used in the manufacturing of end user plastic products. These products are replaced by the plastic products that are widely used as raw materials in automotive, construction, industrial manufacturing equipment, and mechanical engineering. The commercial usage of plastic is exponentially increasing due to its lower prices, high performance and higher durability. The global market for plastic additive also got the necessary boost with this increase in application of plastics as these additives provide different type of plastics that replaces the conventional materials. Thus, excess usage of plastic product is positively influencing the plastic additive market and expected to have a greater impact in the future.
Commercialization of plastic products
The companies engaged in the manufacturing of plastic products are continuously conducting research on the development of less toxic or non-toxic plastic product. The government intervention for the commercializing of plastic products is promoting the application of plastics in many areas such as healthcare, automobile and construction. The commercial application of plastic additives in the above industries is replacing the conventional technologies and expected to increase in future The commercialization of plastic additives is expected to impact the plastic additives market in future.
Flexible properties of plastic additives
The flexible properties of plastic additives such as impact modifiers, flame retardants etc. help in the production of varieties of plastic products. These additives are mixed with the raw polymer as per the requirement. The development of novel type plastic additives is currently increasing the demand for specialty plastic products. These polymers and plastic additives are majorly used as property modifiers to enhance the quality of product such as Electric and Electronic housings, Printed circuit boards, Upholstered furniture, Wires and cables, Transportation (airplanes, ships, trains, and cars), Construction, Wood, and Textiles. The flexible properties of plastic additives are positively impacting the market.
Increase in environmental awareness and stringent government interventions to regulate the commercial application of plastic product are currently dominating and negatively affecting plastic additives market. However, the companies are concentrating on the development of novel types of plastic products that reduce the negative environmental impacts. The use of phthalates was banned by most of the economies including China, Europe, and United States, which is currently impacting the plastic additive market; however, companies are trying to develop new non-toxic plastic products in order to reduce the environmental damages. The automobile manufacturing industry is widely replacing the metal products with plastic products, which are made of light weighted plasticizers. The decrease in weight of automobile reduces the fuel consumption during its use, saving energy. Plastics are also used in the manufacturing of wind turbine blade that replaces the conventional metal blades. These blades are used to generate wind energy. Plastics are also used in the wind heating aerodynamic shape that reduces the fuel consumption that requires for cutting pressure of air exerted on the vehicle. Though this factor is currently dominating the plastic additive market, it is expected to saturate in future as companies are investing in the development of non-toxic plastic additives that can cause minimal damage to the environment.
The reusable applications of plastic products are driving the plastic additives market. The plastic additives industry, in such case has opportunity to explore the reusable product market. According to American Chemical Council (ACC) forecast, “the U.S. chemical industry is expected to show growth by 1.6% and 2.1% in 2012 & 2013 respectively”.
This means that the growth of plastic additives would boost the plastic additives market. This has opened a new window of opportunity for major players already competing in plastic products manufacturing. Reusable application of plastic product manufactured from plastic additives is replacing the outdated disposable application of plastic products, especially in health care industry. This factor is not influencing the current plastic additives market; however, increase in cost plastic additive would increase its importance in future.
Increase in health care awareness
Toxic plastic additives such as Phthalates are banned in the health care industry. The developed economies have issued strict regulatory policies to reduce the commercial applications of phthalates. The stringent government regulations from the European government have banned the commercial application of certain plastic additives that include flame retardants, plasticizers, colorants and other additives. The commercial applications of these plastic additives are controlled by Restriction on Hazardous Substances (RoHS) in electrical and electronic equipment, The European chemical registration legislation Reach, and Waste Electrical and Electronic Equipment (WEEE).
However, increasing awareness in healthcare and prevalence of contamination diseases has raised the potential for plastic additives market. Medical devices and equipment manufacturing companies are using plastic material instead of metal or other materials due to lower cost. The disposable healthcare equipment market is spurred by increase in use of specialized plastic additives.
This report provides market scenario of current trends and revenues that are forecast from 2012- 2020
Market intelligence for key developmental strategies adopted by top companies are explained with impact analysis
Practical evaluation of key market drivers and restraints for global plastics additives market segments such as applications and technologies are dealt
Emphasis is laid on key factors affecting the growth of plastics additives market. These factors are critically analyzed to reveal the most influencing factors
Patent analysis of recently granted patents are explained according to geographies that give market intelligence of future trend and transitions
PLASTICS ADDITIVES MARKET SEGMENT
By - Functions
By - Product Types
By - Applications
Flame Retardants application
Impact Modifiers applications
UV Stabilizers applications
By - Geography
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