According
to a new market report published by Transparency Market Research
"Plastic Additives Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2013 - 2019", the market was
valued at USD 11.16 billion in 2012, and is expected to reach USD
15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019.
Lack of adequate power infrastructure and increasing demand for
reliable electricity delivery are the major driving forces of this
market.
Browse
the full Plastic
Additives Market
Report:
l
http://www.transparencymarketresearch.com/plastic-additives-market.html
The
Plastic additive is a diversified industry with various types of
additives such as property modifiers, property extenders, property
stabilizers and processing aids and is set to demonstrate a high
growth rate over the next few years. Major end use markets served by
the industry include Transparency Market Research commercial
construction, automotive, consumer appliances industry and general
manufacturing industries.
The
plastic additive industry being energy and capital intensive, oil and
gas are considered as major raw material suppliers for the industry.
The global plastic additives market continues to grow and discover
new growth opportunities mainly due to increase in end use markets
such as commercial construction, automotive, consumer appliances
industry and general manufacturing industries. Initial high
implementation cost remains the major concern; however the high ROI
(return on investment) is expected to overcome this concern and drive
the growth of the plastic additive market. The other factors driving
the market include rise in plastic consumption, recovering economy,
and compliance with environment.
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=409
Among
all the geographical regions, Asia Pacific is leading globally both
in terms of production and consumption of plastic additives due to
increase in end use market such as automobile industry and
construction industry. Moreover, the automobile industry in China and
India is expected to grow at over 8% and 14% respectively. The demand
from mature markets such as U.S. and Europe is also expected to
increase due to recovery from a sluggish economy.
The
opportunities in plastic additives market are huge as many market
players are continuously investing and focusing on new product
development. BASF remains the biggest manufacturer of plastic
additives; other manufacturers include Chemtura Corporation, Exxon
Mobil Corporation Bayer AG, Chemtura, Kaneka and many more. This
report helps to identify factors, which will be the driving force
behind the plastic additives market and sub-markets in the next five
years.
The report provides extensive analysis of the plastic additives industry,
current market trends, industry drivers and challenges for better
understanding of the plastic additives market structure. The report
has segregated the plastic additives industry in terms of its
function, product types and geography. The overall chemical industry
production grew by about 2.0% in 2011 in spite of reduced demand of
plastic in end used segment in the last two quarters. Also, the
industry is forecasted to grow by 1.5% in 2012 and 2.0% in 2013. Such
a growth is a positive sign for a mature industry.
This
growth is mainly due to growth in the emerging market economies and
recovery of major end-use markets. As the U.S. is one of the major
markets for the chemical industry, fall in the U.S. natural gas
prices as compared to global crude oil prices turns out to be a
positive sign for the U.S. chemical industry. This decrease in price
of natural gas has improved the cost competitiveness of the U.S.
chemical industry, thus driving further the growth of the global
chemical industry. End user application market (31%) leads in
consumption of chemicals globally followed by service sectors
(16.6%). Countries like Saudi Arabia, China, Iran, India, Russia,
Korea, and Brazil are expected to be the future destinations for
chemical manufacturers to invest during 2012-2020. Plastic additive
is a diversified industry with a diverse range of additives such as
property modifiers, property extenders, property stabilizers and
processing aids and is set to demonstrate a high growth rate over the
next few years. The economic crisis has slowed down the growth rate
of the plastic additive industry in the recent past, but it has still
survived to continue growing and it is expected to develop at a CAGR
of 3.8% from 2011 to 2019.
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