Allied Market Research

Additives Market Expected to Reach $212.7 Billion by 2028


Report Code : A11316

quote The global additives market is expected to possess high growth potential in the coming years, owing to surge in demand for additives in the packaging, food & beverages, and building & construction. In addition, rapid industrialization has been witnessed in the emerging economies such as China and India. For instance, the sectors such as plastic manufacturing, construction, energy (power plants), and agrochemicals are contributing a major share toward the growth of the economy, hereby increasing the need for additives, globally. However, the outbreak of the COVID-19 pandemic is predicted to positively impact the growth of the global additives market. quote

Eswara Prasad
Manager, Chemical and Material at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, "Additives Market by Product Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2028," the global additives market was valued at $150.0 billion in 2020, and is projected to reach $212.7 billion by 2028, growing at a CAGR of 4.6% from 2021 to 2028.

Additive is a substances that is added to improve properties such as performance, durability, efficiency, shelf life, and productivity. Additives such as stabilizers, epoxidized soyabean oil (ESO), and phosphorus-based flame retardant additives are specialty additives that are used in end-use industries such as agriculture, healthcare & pharmaceuticals, and packaging films. 

Lubricants such as highly refined base oils and oils from renewable resources tend to degrade its performance under the influence of heat, air, light, and moisture. Thus, the use of lubricant additives such as antioxidants helps to delay aging and enhances their performance. In addition, sulfur-containing additives are used in applications such as metalworking processes and gear &bearing lubrication, owing to their ability to prevent cold welding of metal surfaces under high pressure. These factors are predicted to augment the demand for additives during the forecast period. Moving machine parts generate friction, which, in turn, leads to energy loss. Reduction of friction is an utmost important factor taking environmental protection and cost efficiency into consideration. Moreover, friction should be high and constant during transmission of power in clutches. Thus, the use of lubricant additives helps to meet these specific requirements, which contributes toward the growth of the global market. 

However, extended use of food additives pose health-related issues such as digestive disorders, nervous disorders, respiratory disorders, and skin problems, which is predicted to hamper the market growth. For instance, according to a study conducted by the Current Opinion in Allergy and Clinical Immunology, people sensitive to eczema tend to develop allergic reaction due to extended use of food additives and additive such as monosodium glutamate (MSG) sulfites, food colorings, and artificial sweetener triggers allergic reactions.

Additives act as active ingredients in improving the internal and external nutritional occupancy, shelf life, chemical stability, and other specific characteristics in the healthcare sector. For instance, dibasic sodium phosphate (dehydrate) additive is used in Pfizer's COVID-19 vaccine to maintain the chemical stability and pH of the vaccine. Thus, the use of additives in the pharmaceutical sector is anticipated to create lucrative opportunities for the growth of the additives market in the coming future.

The global additives market is segmented on the basis of product type, end use, and region. 

Depending on the product type, the global additives market is segmented into plastic, food, construction, lubricant, fuel, coating, agrochemical, medicated feed and others. The food additives segment dominated the global market in terms of revenue in 2020, with over one-third of the total share in 2020. This is attributed to the fact that properties such as flexural strength, modulus, heat distortion, and performance modification can be enhanced using plastic additives. 

On the basis of end use, the global additives market is segmented into packaging, food & beverages, building & construction, chemical, automotive, aerospace, animal husbandry and others. The food & beverages segment dominated the global market, with over one-third of the total share in 2020, as additives widely utilized in packaging materials function as antioxidants, anti-microbial, light stabilizers, oxygen scavengers/absorbers, and flavor & odor controllers.

Region wise, the additives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific additives market size is projected to grow at the highest CAGR during the forecast period and accounted for a major additives market share in 2020.

Key players operating in the global additives market include BASF SE, Clariant AG, Dow Inc., Evonik Industries AG, Lanxess AG, Eastman Chemical Company, Milliken Chemical, PolyOne Corporation, Sanitized AG, and BioCote Limited.

COVID-19 analysis

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. However, the global additives market saw a positive effect due to the COVID-19 pandemic. There are several challenges put forward by COVID-19 pandemic, however, according to the International Food Additives Council (IFAC), food additives are gaining importance in the food sector, owing to their capability of maintaining safety and quality of foods in the home pantry. According to a report by the Food Ingredients First, there has been a rise in kitchen staple products such as rice, flours, lentils, grains, and bakery ingredients. Food additives help to extend product shelf life and allow consumers to stock up on food products without trepidation of instantaneous expiration. Major key players in the global market are launching innovative additives to tackle the spread of coronavirus. Automotive manufacturers are further preferring incorporation of additives during manufacturing of interiors to curb the spread of virus in cabin.

Key findings of the study

  • The plastic additives segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.3% from 2021 to 2028.
  • The packaging segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.9% from 2021 to 2028
  • Asia-Pacific garnered the highest share of 38.3% in 2020, and is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.3% from 2021 to 2028.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975



For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Additives Market by Product Type (Plastic, Food, Construction, Lubricant, Fuel, Coating, Agrochemical, Medicated Feed, and Others) and End-Use (Packaging, Food & Beverages, Building & Construction, Chemical, Automotive, Aerospace, Animal Husbandry, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028 quote

View Report
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,292 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.


Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Published Date Jan 2021

Surgical Equipment Market

Download Sample

Published Date Nov 2020

Medical Implant Market

Download Sample

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Additives Market"
Purchase Enquiry