What is Specialty Plastic Additives?
Specialty plastic additives are materials that are added to polymers to increase their strength, durability, and heat sensitivity. Plastic additives are added to enhance the process-ability, performance, or appearance of the polymer. Demand for plastics additives is strongly dependent on the production and consumption of plastics, in general, but is also influenced by demand from plastics end-use consumer segments and changes in government regulations. The global COVID-19 pandemic has affected manufacturing activities across the globe, which in turn affecting the demand for plastics and also production & processing of them. The most impacted end-use segments of the plastics industry include automotive & transportation, industrial equipment, construction, and electronics.
The market study is broken down by Type (Plasticizers, Flame Retardants, Impact Modifiers, Antimicrobials, UV Stabilizers, Antioxidants and Ohers), by Application (Electronics, Construction, Automotive and Others (Aviation, Packaging, Medical)) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Specialty Plastic Additives market throughout the predicted period.
BASF SE (Germany), Bayer AG (Germany), Exxon Mobil (United States), The Dow Chemical Company (United States), Songwon Industrial Co. Ltd. (South Korea), Albemarle Corporation (United States), Clariant AG (Switzerland), Evonik Industries AG (Germany) and Lanxess AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Eastman Chemical (United States), Kaneka Corporation (Japan), PolyOne Corporation (United States), Blackwell Plastics (United States) and PMC Group, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Specialty Plastic Additives market by Type, Application and Region.
On the basis of geography, the market of Specialty Plastic Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Protective Additives will boost the Specialty Plastic Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin, the sub-segment i.e. Polyvinyl Chloride will boost the Specialty Plastic Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Manufacturers will boost the Specialty Plastic Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plastic, the sub-segment i.e. Commodity Plastic will boost the Specialty Plastic Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 2016, Evonik Industries AG has acquired the specialty & coating additive business of Air Products and Chemicals, Inc. The acquisition has helped the company to strengthen its position in the market for specialty & coating additives.
In January 2015, Songwon has entered into a sales, marketing, and technical service agreement with Kumho Petrochemicals Co. Ltd. to market and supply their polymer and rubber additives products. Songwon is now the exclusive distributor of two of Kumho's products - 'Kumanox 5010L' and 'Kumanox 3020'.
The stringent government regulations from the European government have banned the commercial application of certain specialty plastic additives that include flame retardants, plasticizers, colorants, and other additives. Also, the use of phthalates was banned by most of the economies including China, Europe, and the United States.
- Use of Biodegradable Specialty Plastic Additives
- Excess usage of plastic products is positively influencing the specialty plastic additive market and expected to have a greater impact in the future.
- Replacement of Conventional Materials by Plastics in Several Applications
- Lower Prices, High Performance and Higher Durability
- Huge Investments in Research and Developments in the Field of Green Chemistry and Increasing Reusability
- Untapped Opportunities in Emerging Markets for Packaging
- Increasing Demand from Agricultural and Pharmaceutical Applications
- Stringent Governmental Regulations for Specialty Plastics Additives
- Recycling Of Non-Degradable Plastics Waste
Key Target Audience
Specialty Plastic Additives Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Government and research organizations, Distributors, and Suppliers, End-use Industries and Others
During this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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