Plastic Additives Market Is Expected To Reach USD 47.8 Billion Globally in 2016: Transparency Market Research
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Plastic Additives Market Is Expected To Reach USD 47.8 Billion Globally in 2016: Transparency Market Research

Downloading requires you to have access to the YouScribe library
Learn all about the services we offer
3 Pages
English

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Plastic Additives Market Is Expected To Reach USD 47.8 Billion Globally in 2016: Transparency Market Research PR Newswire ALBANY, New York, June 28, 2012 ALBANY, New York, June 28, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Plastic AdditivesMarket: Global Industry Analysis, Size, Share & Forecast (2011 - 2016)", global plastic additives market revenue reached USD 39.7 billion in 2011 and is expected to reach USD 47.8 billion by 2016, growing at a CAGR of 3.8% from 2011 to 2016. By 2016, Flame Retardants is expected to be the second largest segment generating revenue after Plasticizers. Browse the database at http://www.transparencymarketresearch.com/plastic-additives- market.html Plastic additive is a diversified industry with various types of additives such as property modifiers, property extenders, property stabilizers and processing aids and is set to demonstrate a high growth rate over the next few years. Major end use markets served by the industry include commercial construction, automotive, consumer appliances industry and general manufacturing industries. The plastic additive industry being energy and capital intensive, oil and gas are considered as major raw material suppliers for the industry.

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Plastic Additives Market Is Expected To Reach
USD 47.8 Billion Globally in 2016:
Transparency Market Research
PR Newswire
ALBANY, New York, June 28, 2012
ALBANY, New York
,
June 28, 2012
/PRNewswire/ --
According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) "
Plastic
AdditivesMarket: Global Industry Analysis, Size, Share & Forecast
(2011 - 2016)
", global plastic additives market revenue reached
USD 39.7
billion
in 2011 and is expected to reach
USD 47.8 billion
by 2016, growing at a
CAGR of 3.8% from 2011 to 2016. By 2016, Flame Retardants is expected to be
the second largest segment generating revenue after Plasticizers.
Browse the database
at
http://www.transparencymarketresearch.com/plastic-additives-
market.html
Plastic additive is a diversified industry with various types of additives such as
property modifiers, property extenders, property stabilizers and processing aids
and is set to demonstrate a high growth rate over the next few years. Major
end use markets served by the industry include commercial construction,
automotive, consumer appliances industry and general manufacturing
industries. The plastic additive industry being energy and capital intensive, oil
and gas are considered as major raw material suppliers for the industry.
The global plastic additives market continues to grow and discover new growth
opportunities mainly due to increase in end use markets such as commercial
construction, automotive, consumer appliances industry and general
manufacturing industries. Initial high implementation cost remains the major
concern; however the high ROI (return on investment) is expected to overcome
this concern and drive the growth of the plastic additive market. The other
factors driving the market include rise in plastic consumption, recovering
economy, and compliance with environment.
Among all the geographical regions,
Asia Pacific
is leading globally both in
terms of production and consumption of plastic additives due to increase in end
use market such as automobile industry and construction industry. Moreover,
the automobile industry in
China
and
India
is expected to grow at over 8% and
14% respectively. The demand from mature markets such as U.S. and
Europe
is also expected to increase due to recovery from a sluggish economy.
The opportunities in plastic additives market are huge as many market players
are continuously investing and focusing on new product development. BASF
remains the biggest manufacturer of plastic additives; other manufacturers
include Chemtura Corporation, Exxon Mobil Corporation Bayer AG, Chemtura,
Kaneka and many more.
This report helps to identify factors, which will be the driving force behind the
plastic additives market and sub-markets in the next five years. The report
provides extensive analysis of the plastic additives industry, current market
trends, industry drivers and challenges for better understanding of the plastic
additives market structure. The report has segregated the plastic additives
industry in terms of its function, product types and geography.
Major Segments Analyzed
By function
- Property Modifiers
- Property Extenders
- Property Stabilizers
- Processing Aids
By product type
- Plasticizers
- Flame Retardants
- Impact Modifiers
- Antioxidants
- Antimicrobials
- UV Stabilizers
By geographies
-
North America
-
Europe
-
Asia Pacific
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