Global Plastic Additives Demand to Reach 33.5 Million Metric Tons by 2015, According to New Report by Global Industry Analysts
The changing demand scenario in plastics affects demand for plastic additives. Evolution of new plastic materials and demand for different types of plastics affects the market for various segments of plastic additives. Companies supplying impact modifiers, tougheners and processing materials for PVC and engineering resins are benefiting from the increasing usage of PVC for vinyl sliding applications and window profile construction. Plastic additives market worldwide is expected to reach 33.5 million metric tons by 2015.
San Jose, CA (PRWEB) November 11, 2008 -- Increasing competition, price pressures, consolidation at supplier level, expiring patents, persistently shifting client base, environmental issues, and skyrocketing raw material costs are pushing global plastic additives industry towards maturity stage, especially in developed markets such as North America and Europe. To effectively combat the growing competition and to sustain in the unfavorable marketplace, manufacturers are widening their product offerings and are offering services such as training, patent support, testing and other internal capabilities. Additionally, growing demand for plastics with enhanced properties such as greater heat distortion temperatures and better impact strength, toughness and transparency has forced plastic additive manufacturers to offer products accordingly. Environment friendly products such as non-halogenated flame-retardants, organic heat stabilizers, conductive compounds, wood composites, nanocomposites, fiber-reinforced thermoplastics represent some of the potential growth areas for global additives industry.
In volume terms, North America and Europe account for nearly 55% of the global plastic additives market, as stated by Global Industry Analysts, Inc. Accounting for a share of close to 50% of the global volume sales, fillers market represents the largest segment of the plastic additives market. The US performance additives market is estimated to be US$2.6 billion and the same is expected to register a CAGR of close to 1.5% over the period 2000-2010. Asia-Pacific represents the largest plastic additives market by value, accounting for a share of nearly 29%. Asia-Pacific regions offer the highest growth opportunity for plastic additives, with volume sales registering a CAGR of more than 4% over the period 2000-2010.
Growing inter-segment competition in the plastics industry is another major factor leveraging the market for plastic additives. Replacement of Acrylonitrile Butadiene Styrene (ABS) and low-end Engineering Thermoplastics (ETPs) by Polypropylene (PP), increased competition from polyolefins in applications that are traditionally dominated by PVC and continuing trade-off between traditional polyolefins and metallocene polyolefins in packaging and film applications highlight the growing competition inter-segment competition in plastics business. Accordingly, plastic additive manufacturers are forced to offer additives that enhance the properties of one plastic segment over the other.
The report titled "Plastic Additives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, key markets worldwide, product introductions/innovations, and recent industry activity. The report analyzes market data and analytics in volume and value sales for the period 2000-2015, for regions such as the North America, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World. Product segments analyzed in the report include Fillers (Mineral Fillers and Other Fillers), Plasticizers (Phthalate Plasticizers and Other Plasticizers), Reinforcing Agents, Flame Retardants (Aluminum Oxide Hydrates, Antimony Oxide, Bromine-Based Compounds, Chlorine-Based Compounds, Phosphorus-Based Compounds and Other Flame Retardants), Colorants (Titanium Dioxide, Iron Oxides, Organic Colorants and Other Colorants) and Performance Additives (Blowing/Foaming Agents, Impact Modifiers, Organic Peroxides, Heat Stabilizers, Light Stabilizers, Antioxidants, Antistatic Agents, Preservatives & Biocides, Lubricating Agents and Miscellaneous).
Leading global and regional players operating in the market include A. Schulman Inc, Akcros Chemicals, Albemarle Corporation, Adeka Corporation, Arkema SA, Baerlocher GmbH, BASF SE, Chemtura Corporation, Ciba Holding, Inc., Clariant International Ltd., Cytec Industries Inc., DIC Corporation, Evonik Degussa GmbH, The Dow Chemical Company, Royal DSM N.V., E. I. du Pont de Nemours and Company, Eastman Chemical Company, Ferro Corp., PolyOne Corp., Rohm and Haas Company, and Velsicol Chemical Corporation.
For more details about this research report, please visit http://www.strategyr.com/Plastic_Additives_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/
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