This Asia Pacific Plastic Additives market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Asia Pacific Plastic Additives market.
Plastic additives are chemicals added in a polymer to modify its properties. The polymers used in plastics are combined with monomeric units and are not in their pure form, but are harmless. The objective is to improve the processing characteristics and properties of plastics and to enhance performance. These monomers are known as plastic additives and can be classified as reinforcing fibres, coupling agents, stabilizers, colorants, fillers, processing aids, flame retardants, peroxides and antistatic agents. Plastic additives enable safe handling of the plastic during the manufacture of finished products. The stabilizing plastic additives are halogen stabilizers, ultraviolet absorbers, antioxidants and biological preservatives. Also, there are processing aids such as lubricants and flow controls.
The end-uses of plastic additives are in the plastic industry and its products.For example, fire retardation plastic additives are added to polymers to break them down. This ensures reduced viscosity, which is essential for moulding the plastics into various finished products. Another example is that of ultraviolet absorbers, which are added in plastic pots used in plantations, to enable resistance to ultraviolet rays. Anti-microbial plastic additives are also used in this product as well as other products, as microorganisms can decompose plastics into monomers. Lubricants minimizes both internal and external friction, helps mould release and enhance mould flow. Fillers are used to increase the volume of the plastic available and to make it cost-effective. Also, temperature resistance of plastics is enhanced by plastic additives. Additives facilitate the use of plastic in space craft due to the ability to sustain at high temperatures.Plastic additives have a large number of applications in defence, aerospace, aviation, automotive, consumer appliances, commodities, paints and coatings, FMCG and packaging industries.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Plastics surfaced as an alternate solution to replace the use of metals in numerous industrial and non-industrial applications such as automotive manufacturing, mechanical fasteners, medical equipment, commercial furniture and so on. Plastic additive producers are currently focusing on developing economies such as AsiaPacific. The region accounted for around 40% revenue of the plastic additives market as of 2013, which is projected to increaseto 60% by 2020. Increasing awareness regarding conservation of depleting natural resources is expediting growth of the plastic additives market in AsiaPacific.
Growth prospects in the plastic additives market are vast and numerous players in the market are constantly investing and focusing on innovations in this industry through the use of plastic additives. BASF, Chemtura Corporation, Exxon Mobil Corporation, Clariant Ltd., Bayer AGand Kaneka are some major players in the plastic additives market. The overall chemical industry has grown at around 2% to 5%, which is positive sign for the evolving plastic additives market.
Plastic additives is an evolving industry with a whole range of property extenders, modifiers, stabilizers and processing aids. In today’s world, each activity of modern day life in influenced by plastics and it is widely dependedupon. Just to name a few, auto parts, medical equipment, telecommunication instruments, electronic devices, entertainment and leisure objects, insulators andother gadgets are produced from plastic, which would not be possible without plastic additives. Plastic additives are safe, offer strength, give aesthetic appearance, last longer and reduce production costs.
The report is a compilation of first hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. In addition, the report also maps the qualitative impact of various market factors on market segments and geographies.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. The report provides analysis and information by categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes
- Detailed overview of parent market
- Changing market dynamics of the industry
- In depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends & developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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What research methodology is used to develop the Asia Pacific Plastic Additives Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Asia Pacific Plastic Additives Market . This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.