Plastic Additives Market Size To Reach $71.43 Billion By 2030

Plastic Additives Market Growth & Trends

The global plastic additives market size is anticipated to reach USD 71.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.6% from 2024 to 2030. Owing to their ability to enhance performance, appearance, and processability of various polymers. Increasing demand for these additives is directly proportional to the growing consumption of polymers across the globe.The global plastic additives market size was 48.86 billion in 2023.

Additives are used with different polymers in order to result in maximum output and increase the life span of the product. Plastic additives are increasingly being used for variety of functions that include extenders, processing aids, property modifiers, and stabilizers in industrial applications.

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Plastic Additives Market Report Highlights

• In 2023, the plasticizers segment dominated the market, capturing the largest revenue share of 51.52%. Plasticization involves altering the thermal and mechanical characteristics of a specific polymer.

• Commodity plastics dominated the market and accounted for a share of 50.8% in 2023. Commodity plastics are essential building blocks for a wide range of everyday products.

• The packaging segment accounted for the largest market revenue share of 30.8% in 2023. Plastic packaging is the most common type of packaging around the world as plastic packaging is so durable, lightweight and very thin.

• In 2023, Asia Pacific plastic additives market emerged as the leader in the market, capturing a significant revenue share of 59.6%.

Plastic Additives Market Segmentation

Grand View Research has segmented the global plastic additives market report based on product, plastic, end-use and region.

Plastic Additives Product Outlook (Revenue in USD Million, Volume in Kilotons, 2018 - 2030)

• Plasticizers

• Flame Retardants

• Impact Modifiers

• Antioxidants

• Antimicrobials

• UV Stabilizers

• Others

Plastic Additives Plastic Outlook (Revenue in USD Million, Volume in Kilotons, 2018 - 2030)

• Commodity Plastics

• Engineering Plastics

• High Performance Plastics

Plastic Additives End-use Outlook (Revenue in USD Million, Volume in Kilotons, 2018 - 2030)

• Packaging

• Automotive

• Consumer Goods

• Construction

• Others (e.g., Pharmaceuticals, Sports Equipment)

Plastic Additives Regional Outlook (Revenue in USD Million, Volume in Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List Of Key Players in the Plastic Additives Market

• BASF SE

• Clariant AG

• Albemarle Corporation

• Songwon Industrial Co., Ltd.

• Nouryon

• LANXESS AG

• Evonik Industries AG

• Kaneka Corporation

• The Dow Chemical Company

• ExxonMobil Corporation