Plastic Additives Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Plastics additives are chemicals which are used to polymerize, process or to achieve desired properties in end use of plastics. They may be all chemical used in plastic industry except monomer, polymer, co-polymer or physical mixture of two polymeric components. Plastic additives offer various characteristics such as improved chemical and water resistance, improved scratch resistance, reduced coefficient of friction, enhancement of gloss, Improved water repellency, suppression of shark-skin and lowered surface roughness.  

Plastic additives are used to improve ease of processing of plastics by increasing the flow ability. Internal lubricants help to improve the melt flow of material by dropping the heat dissipation and viscosity. Plastic additives prevent the deterioration of plastic materials where the material is susceptible to microbiological attack. Such attacks can result in staining, odor, discoloration and loss of aesthetics but most important effect is on the electrical insulating properties and mechanical properties.

Plastic Additives Market Taxonomy

On the basis of product type, the global market is classified into:

  • Impact Modifiers
  • Antioxidants
  • Antimicrobials
  • Plasticizers
  • Flame Retardants
  • UV Stabilizers

On the basis of function, the global market is classified into:

  • Property Modifiers
  • Property Extenders
  • Property Stabilizers
  • Processing Aids

On the basis of application, the global market is classified into:

  • Packaging
  • Automobile
  • Construction
  • Consumer goods

Owing to properties such as improved impact strength, improved coupling, higher elongation, reduced brittleness and higher plasticity plastic additives are widely used in automobile and construction industry. In automotive industry plastic additives have gained increased acceptance in applications such as interior scratch resistant applications in trims or panels, in high glossy panels for the decoration of middle consoles. The use of plastic additives has increased rapidly in the consumer goods industry to its ease of recycling. Extend the lifetime of UV sensitive construction applications. In construction industry plastic additives are used to maintain appearance and properties, thermal protection, long-term durability and for maintenance of integrity of polymer properties during processing.

Plastic Additives Market Outlook – Increasing Demand for Recyclable Materials to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for plastic additives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is mainly attributed to the anticipated growth in various end use industries such as automotive and construction, especially in developing countries such as China and India. According to IBEF, US$ 300 billion will be generated by the Indian automotive industry by 2026. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India. On the other hand, Europe also provides lucrative opportunities for plastic additives manufacturers due to increasing plastic material from automobile, consumer goods, and construction industries among others.

Reusable applications of plastic additives are fueling the demand for plastic additives, especially in Asia Pacific and Middle East regions. Stringent rules and regulations on the use of plastic products is expected to be one of the restraining factors for the growth of plastic additives market over the forecast period. U.S. Food and Drug Administration (FDA)  has implied safety concerns with the use of recycled plastic materials in food-contact for contaminants occurring from the post-consumer material in the final food-contact product made from the recycled material. Developing plastic additives adhering to environmental concerns is a key strategy adopted by the major players. Some of the major companies operating in the global plastic additives market include BASF SE, Songwon Industrial Co. Ltd., Clariant AG, Albemarle Corporation and The Dow Chemical Company.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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