Global Performance Additives Market, By Type (Plastic Additives, Rubber Additives, Ink Additives, Pigment Additives, Paints and Coating Additives, Fuel Additives and Others), End Use (Packaging, Household Goods, Construction, Automotive, Industrial, Wood and Furniture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Performance Additives Market
Rise in the demand for performance additives is a result of rising awareness regarding the benefits of additives in plastics. Data Bridge Market Research analyses that the performance additives market will witness a CAGR of 8.03% for the forecast period of 2021-2028.
Performance additives are the additives used in plastics in small quantities to enhance their performance in terms of resistance and durability. These are the various chemicals that have the additional ability to offer customized solutions to processing and formulation challenges in the polymer industry. These chemicals are also added to modern-day automotive gasoline and other fuel to stabilize and elevate their octane level and decrease the propensity of pre-ignition. Performance additives boost up the engine efficiency and its pressure and temperature bearing capacity along with reducing the friction between moving parts. Performance additives are used in a wide range of applications as they are based on mica, talc, and diatomite. Performance additives help to increase fuel efficiency, reduce emissions, increase fuel economy and protect against corrosion.
Growth and expansion in the packaging industry have led to the rise in demand for performance additives as they offer enhanced features such as durability, processability, and appearance of the final output. The rise demand and adoption of plastic products in place of conventional material is also fuelling up the demand for performance additives globally.
Fluctuating prices of raw material will, however, dampen the growth rate of the performance additives market. The high cost of production will also restrain the performance additives market scope for growth. Stringent regulations imposed by the government on the depletion of natural resources such as gas and oil coupled with regulations on plastic will also challenge the performance additives market growth rate.
This performance additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on performance additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Performance Additives Market Scope and Market Size
The performance additives market is segmented on the basis of type and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the performance additives market is segmented into plastic additives, rubber additives, ink additives, pigment additives, paints and coating additives, fuel additives and others. Plastic additives are further sub-segmented into lubricants, processing aids (Fluoropolymer-based), flow improvers, slip additives, antistatic additives, pigment wetting agents, filler dispersants, antifog additives, plasticizers, stabilizers, flame retardants and impact modifiers. Rubber additives are further sub-segmented into accelerators, antidegradants, blowing agents and adhesive agents. Ink additives are further sub-segmented into rheology modifier, slip/rub material, defoamers, dispersants, antioxidant, chelating agents and other ink additives (wetting agents, driers, and PH modifiers). Paints and coating additives are further sub-segmented into biocides, dispersants and wetting agents, defoamers and dearaters, rheology modifiers, surface modifiers, stabilizers, flow and levelling additives and other paints and coatings additives. Fuel additives are also sub-segmented into deposit control, cetane improvers, lubricants, antioxidants, anticorrosion, fuel dyes, cold Flow improvers, antiknock agents and other fuel additives.
- On the basis of end use, the performance additives market is segmented into packaging, household goods, construction, automotive, industrial, wood and furniture and others.
Global Performance Additives Market Country Level Analysis
The performance additives market is analysed and market size, volume information is provided by country, type and end use as referenced above.
The countries covered in the performance additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region is dominating the global performance additives market. Growth and expansion of various industries such as plastics, inks, automotive, and electronics, and growing construction activities is propelling the growth of performance additives market. Increased use of packaging and household goods is also fostering the market growth.
The country section of the performance additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Performance Additives Market Share Analysis
The performance additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to performance additives market.
The major players covered in the performance additives market report are BASF SE, Akzo Nobel N.V., Solvay, Evonik Industries AG, LANXESS, Arkema, Dow, Honeywell International Inc., Clariant, ALTANA AG, Huntsman International LLC., Eastman Chemical Company, Momentive, Avient Corporation, K-TECH (INDIA) LIMITED., Dynea AS, DAIKIN INDUSTRIES, Ltd., BYK-Chemie GmbH, Mitsubishi Chemical Corporation and Total among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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