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Time: 2017-02-17

The global market for plastic additives is expected to grow at a compound annual rate of 5 percent between 2014 and 2019, reaching $45.5 billion by 2019, according to Markets and Markets. In 2013, the asia-pacific dominated the market of plastic additives, accounting for more than 40% of the market share. In terms of countries, China's consumption of plastic additives will rank first in the world by 2019. The United States is currently the world's largest consumer of plastic additives, but is expected to be overtaken by China in the near future.

The development of packaging, construction, consumer goods, automobile and other fields will promote the market demand of plastic additives. Rising GDP, accelerated industrialization, and increased consumption of plastic raw materials, consumer goods and packaged products will continue to be the main drivers of growth in the plastic additive market. The future growth of the market for plastic additives depends largely on developing economies in the asia-pacific, South America and eastern Europe.

In 2013, packaging dominated the market of plastic additives, and it is expected that it will still be the demand market of **** in the period of 2014-2019, with a compound annual growth rate of 4.7%. Packaging is the application field with the fastest growth of plastic additives, followed by the automobile industry. The increased demand for plastics in the automotive industry is expected to benefit the plastic additive market in the next five years. Food and beverage manufacturers continue to focus on attractive, complex product packaging in order to gain customers' attention. Meanwhile, with the advent of new packaging technologies, such as anti-oxidation, anti-ultraviolet, heat-resistant, anti-bacterial and anti-fogging packaging, the use of plastic additives has increased significantly in the past few years.

The market share of plasticizer in 2013 was **** among plastic additives, and it is expected to still dominate the global market by 2019, mainly due to the growth of DOP demand. DOP, with its low cost and appropriate plasticizing performance, is very popular in many terminal applications and its demand is on the rise. The growth rate of flame retardants is expected to be **** from 2014 to 2019. Increased demand for consumer goods and building applications, particularly in Asia, will continue to drive demand for flame retardants.