The global plastic additives market to grow to nearly $60.3 billion by 2020.
Wellesley, Mass (PRWEB) March 14, 2014
According to a new technical market research report Global Markets for Plastic Additives, from BCC Research (http://www.bccresearch.com), the global plastic additives market was valued at $43.4 billion for 2013 and is estimated at $47.7 billion for 2015. BCC Research expects the market to grow to nearly $60.3 billion by 2020, and register a five-year compound annual growth rate of 4.8% from 2015 to 2020.
Plastics have transformed the quality of human life and play a key role from clothing to shelter, from transportation to communication and from entertainment to health care. Plastics have attractive properties, such as lightweight, high strength and ease of processing, and meet a large share of the materials needs of humans at a comparatively lesser cost and causing lesser environmental implications. Plastics can be super tough, rigid as well as flexible, transparent as well as opaque and can allow permeation or act as a barrier material.
Plastics and plastic products are made by mixing essential polymers with additives. Additives make plastics safer, cleaner, tougher and more colorful, and in some cases, plastics will not function without them. Additives increase the cost of producing plastics; however, they help conserve raw material reserves.
The market success of polymers, such as polyvinyl chloride (PVC) or polypropylene (PP), depends not only on the basic polymer but also on the additives that make the plastics as useful as they are. Their usefulness is largely attributed to the polymers used to make them and not to the additives used. Yet, when concerns arise regarding human health and the environment, plastics additives are often found to be responsible, and the industry is required to replace the additive or prove that it is indeed harmless.
In recent years, the supply and pricing of raw materials and the basic feedstock of various plastics additives have been fluctuating greatly with the run-up in prices of raw materials and energy. Additionally, the environmental/regulatory aspects of different types of plastics additives continue to present concerns as well as opportunities to additive suppliers.
This technical market research report from BCC Research provides an overview of the global as well as regional markets for plastics additives, including analyses of global market trends, with data for 2013, estimates and projections of data for 2015 and 2020, and projections of CAGRs for the period 2015 to 2020. It identifies various growth opportunities in the field of plastics additives and presents information on the supply and pricing of raw materials as well as information concerning the basic feedstock of various plastics additives. In addition, it provides comprehensive company profiles of major players in the industry.
The study is intended for those in the plastics additives industry responsible for the manufacture, distribution, and supply of plastics additives, including manufacturers, distributors, and suppliers of additives; manufacturers of resins and specialty chemicals; manufacturers and suppliers of master batches; existing and new marketing personnel in the plastics additives business; and advisors to the plastics processing and plastics additives industries.