Plastic Additives Market - Asia-Pacific Industry Analysis &
Opportunity Assessment, 2014 - 2020 : Future Market Insights
Plastic Additives Market
Plastic additives are chemicals added in a polymer to modify its properties. The polymers
used in plastics are combined with monomeric units and are not in their pure form, but are
harmless. The objective is to improve the processing characteristics and properties of
plastics and to enhance performance. These monomers are known as plastic additives and
can be classified as reinforcing fibres, coupling agents, stabilizers, colorants, fillers,
processing aids, flame retardants, peroxides and antistatic agents. Plastic additives enable
safe handling of the plastic during the manufacture of finished products. The stabilizing
plastic additives are halogen stabilizers, ultraviolet absorbers, antioxidants and biological
preservatives. Also, there are processing aids such as lubricants and flow controls.
The end-uses of plastic additives are in the plastic industry and its products.For example,
fire retardation plastic additives are added to polymers to break them down. This ensures
reduced viscosity, which is essential for moulding the plastics into various finished
products. Another example is that of ultraviolet absorbers, which are added in plastic pots
used in plantations, to enable resistance to ultraviolet rays.
Plastic Additives Market
The global plastic additives market is forecasted to reach US $ 50 billion by 2020 and is
projected to grow at a CAGR of 3.8% during the forecast period.India and China are the
lucrative markets due to presence of low-cost labour and raw materials. Plasticizers is
the largest revenue generating segment of the plastic additives market valued at US $
21.4 billion,followed by flame retardants with a CAGR of 5.4% projected for 2013–2020.
The anti-microbial segment will also grow at a moderate rate due to increase in demand
from the healthcare industry.
Plastics...