GITNUX MARKETDATA REPORT 2024

Plastic Additives Industry Statistics

The global plastic additives industry is expected to experience steady growth over the forecast period due to increasing demand for plastics in various end-use industries.

Statistic 1

"The global Plastic Additives market was valued at USD 44.26 billion in 2016."

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Statistic 2

"It is expected to reach USD 64 billion by the year 2025."

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Statistic 3

"The industry is anticipated to grow at a CAGR of 4.5% from 2020 to 2027."

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Statistic 4

"Plasticizers accounted for more than 50% of the total demand in 2019."

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Statistic 5

"Asia Pacific market was the highest revenue generator in 2019."

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Statistic 6

"Antioxidants plastic additives segment is predicted to witness CAGR of 4.8%."

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Statistic 7

"By 2027, Bio-based plastic additives are projected to reach a market size of $ 1.7 million."

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Statistic 8

"The global demand for plastic additives is increasing due to the expanding packaging sector."

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Statistic 9

"Rising urbanization is set to increase the market size of plastic additives from 2020 to 2026."

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Statistic 10

"The plastic additives industry is being driven by a rising demand for lightweight materials in the automotive sector."

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Statistic 11

"By 2027, the flame retardants segment is projected to reach $9.6 billion."

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Statistic 12

"In 2019, packaging accounted for 33.0% of the overall plastic additives demand."

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Statistic 13

"The Middle East & Africa are projected to grow at a significant rate in the plastic additives industry over the forecast period."

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Statistic 14

"In 2020, the flame retardants plastic additives segment accounted for 17% of the overall market revenue."

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Statistic 15

"The Europe plastic additives market size is predicted to reach $14.4 billion by 2028."

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Statistic 16

"Plastic Additives Consumption in India has grown by 13% in 2019."

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Statistic 17

"The construction sector is projected to witness a CAGR of over 4.7% through to 2027."

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Statistic 18

"The U.S. accounts for around 84% of the North American Plastic Additives market."

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