Plastic Additives Market Worth 50.86 Billion USD by 2021

PUNE, India, August 2, 2016 /PRNewswire/ --

The report "Plastic Additives Market by Type (Plasticizers, Stabilizers, Flame Retardants, Impact Modifiers), Plastic (Commodity, Engineering, and High Performance Plastic), and by Application (Packaging, Construction, Consumer Goods, Automotive) - Global Trends & Forecasts to 2021", published by MarketsandMarkets, The market size is projected to reach USD 50.86 Billion by 2021, registering a CAGR of 4.9% between 2016 and 2021.

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Browse 87 market data Tables and 55 Figures spread through 188 Pages and in-depth TOC on "Plastic Additives Market" 

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The growth of the plastic additives market is triggered by the rising demand from the packaging industry. Plastic additives are widely used for industrial and household purposes. Change in lifestyle and globalization have triggered the growth of the packaging industry which drives the plastic additives market.

Plasticizers segment to account for major share of the plastic additives market 

The plastic additives market is segmented on the basis of type as plasticizers, stabilizers, flame retardants, impact modifiers, and others. Plasticizers account for a major share of the plastic additives market as it is extensively used to process polymers and are less expensive than other additives. They are usually combined with PVC or other polymers to impart unique physical properties for use in various applications such as cable jacketing, floor & wall coverings, and coating fabrics.

Commodity plastic dominating the plastic additives market 

Plastic additives are widely used in commodity plastic for various end-use products. Some of the commodity plastics are polyethylene, polypropylene, polystyrene, polyvinyl chloride, polymethyl methacrylate, and others. These are used to impart specific resin properties to processed polymers. Polyethylene products are mostly used in various end-use applications such as packaging bags, general plastic films, medical packaging, mulch films, green house & tunnel films, and pipes.