Performance Additives Market is expected to rise from its initial estimated value of USD 88.02 billion to an estimated value of USD 164.12 billion by 2026, registering a CAGR of 8.1% in the forecast period of 2020-2026.
Key Market Competitors:
Few of the major competitors currently working in global performance additives market are Akzo Nobel N.V., Altana, Arkema SA, BASF SE, Clariant, Solvay, Evonik Industries AG, Huntsman International LLC, LANXESS, The DOW Chemical Company and many more.
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Performance additives are the various chemicals that are added to the modern-day automotive gasoline and other propelling fuels to stabilize and elevate their octane level, decrease the propensity of pre-ignition, and allow for more power to be made from increased compression and advanced ignition timing. Growing demand for these chemicals from automobile and construction industries are likely to play a major role in the market growth.
Segmentation: Global Performance Additives Market
- By Type (Plastic Additives, Rubber Additives, Ink Additives, Pigment Additives, Paints and Coating Additives)
- By End-Use (Packaging, Household Goods, Construction, Automotive, Industrial, Wood and Furniture, Others)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global performance additives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of performance additives market are for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
- Growing population and rapid urbanization
- High demand from end-use industries
- Development of multipurpose additives
Market Restraints:
- Volatile raw material prices
- Stringent environmental regulations related to additives
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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Related Reports:
The report "Performance Additives Market by Type (Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives), End-Use Industry (Packaging, Household Goods, Automotive, Industrial, Construction), and Region - Global Forecast to 2021", The performance additives market is projected to grow from an estimated USD 75.01 Billion in 2016 to USD 110.35 Billion by 2021, at a CAGR of 8.0%.
The market is driven by the growing demand for performance additives in the packaging and household goods industries, as these additives enhance the processability, performance, and appearance of the final product.Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88338024Browse 76 market data tables and 26 figures spread through 169 pages and in-depth TOC on "Performance Additives Market ”Plastic Additives: The largest type segment of the performance additives marketBy type, the performance additives market is segmented into plastic additives, paint & coatings additives, pigment additives, ink additives, and rubber additives.
Plastic additives are materials that are added during the manufacturing to enhance the processability, performance, and appearance of the polymer.
Plastic additives have found widespread applications in the building & construction, packaging, automotive, household goods, electronics, and other industries, such as healthcare, consumer goods, and telecommunication.Packaging: The largest end-use industry segment of the performance additives marketPerformance additives are used in various end-use industries, such as packaging, household goods, automotive, industrial, construction, and wood & furniture.
The packaging end-use industry segment accounted for the largest market share in 2015, in terms of value and volume.
This segment is also projected to grow at the highest CAGR from 2016 to 2021, in terms of value, among all the industries considered.Asia-Pacific: The fastest growing market for performance additivesThe Asia-Pacific region is the fastest-growing market for performance additives.
