DUBLIN, June 9, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xsrhvg/global_plastics) has announced the addition of the "Global Plastics Additives Market (Functions, Product Types, Applications, Geography) - Global Industry Analysis, Size, Growth Trends, Share, Opportunities and Forecast 2012 - 2020" report to their offering.
Decreasing mineral ore sources have increased the cost of metal equipment, which has triggered the application of plastics to replace the metal equipment. The low cost of plastic equipment and properties that match metal equipment is also pushing the higher adoption of plastics in a number of applications. Thus the demand for additive which enhances the properties of plastics is also on rise. The companies involved in manufacturing of additives are majorly concentrating on specialty chemicals that are used in construction and automobile equipment.
The global plastic additives market growth is dampened by strict government regulations as some plastics additives such as Chlorinated flame retardant are banned in countries, namely Canada, U.S. and the European Union. The pending legal suits are also hindering the growth of plastic additive market. Companies are facing problems with lawsuits such as patent imitation suit, commercial application of banned product etc.
The plastic additives manufactures have high focus on developing economies due to economical advantages. Asia-Pacific is the largest revenue generating region among other geographies due to the availability of low cost raw material and economical work force. However, the availability of economical work force in under developed economies such as in Africa is also attracting the global players. The Asia-Pacific and Rest of the world region shared 42.1% revenue in 2013 which is expected to soar to 60% by 2020. The increase in consumption of plastic products and raising awareness for the preservation of depleting resources is facilitating the growth of plastic additive market in these regions.
Plastic additive market by type is segmented into Plasticizers, Flame Retardants, Impact Modifiers, Antioxidants, Anti-microbial and UV Stabilizers. The plastic additive market by types is ruled by plasticizers in terms of volume as well as values. The plasticizers market was valued of $21.4 billion in 2013 and expected to lead in terms of revenue generation throughout the analysis period. The multiple applications of plasticizers in manufacturing plastic products are promoting the market as compared to others segments. The flame retardants plastic additives market has highest growth potential which is forecast to grow at a CAGR of 5.4% during 2013-2020.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL PLASTIC ADDITIVES MARKET BY FUNCTION, 2012-2020
CHAPTER 5 GLOBAL PLASTIC ADDITIVES MARKET BY PRODUCT TYPES, 2012-2020
CHAPTER 6 GLOBAL PLASTIC ADDITIVES MARKET BY APPLICATIONS, 2012-2020
CHAPTER 7 GLOBAL PLASTIC ADDITIVES MARKET BY GEOGRAPHY, 2012-2020
CHAPTER 8 COMPANY PROFILES
- Axel Plastics Research Laboratories
- Bayer Ag
- Chemtura Corporation
- Clariant Ltd.
- DOW Plastic Additives.
- Exxon Mobil Corporation
- Kaneka Corporation
- Lanxess Ag
- Zeon chemicals
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SOURCE Research and Markets