Global plastic additives will continue to grow rapidly over the next 4 years

According to the BCC Research Report, the global demand for plastic additives will continue to grow at an average annual rate of 4.1% in the next four years, and the market value in 2014 will reach US$45.8 billion.

The company assessed that the market value of global plastic additives in 2008 and 2009 were respectively 36.2 billion U.S. dollars and 37.4 billion U.S. dollars. The plastic additives market mainly includes modifiers, stabilizers, fillers and processing aids. Among them, the modifier has the largest market share, with a market value of 18.2 billion U.S. dollars in 2008 and 18.7 billion U.S. dollars in 2009. It is expected that it will grow at an average annual rate of 4.1% before 2014, and it will reach 22.9 billion U.S. dollars in 2014; the second largest The market is a stabilizer. In 2008 and 2009, the market value was 12.1 billion U.S. dollars and 12.6 billion U.S. dollars, respectively. It is estimated that the market value in 2014 will reach 15.4 billion U.S. dollars, with an average annual growth rate of 4.2%; fillers will be the third largest market, 2008. The annual market value in 2009 and 2009 was 3.8 billion U.S. dollars and 3.9 billion U.S. dollars, respectively. It is expected that the market value in 2014 will reach 4.8 billion U.S. dollars.

According to analysis, the main factors affecting the plastic additives market include raw material costs, global competitiveness, the importance of the Chinese market, and sustainable development factors. Globally, the amount of plastics is growing and continues to replace traditional materials, and the growth in the demand for plastics additives is mainly driven by the use of resins and additives. The largest demand is still plasticizers, which account for about 58% of the market. Plasticizers are widely used in soft PVC and are expected to grow at an average annual rate of 3.5%, mainly due to the rapid growth in demand in China. The fastest growing additives are coupling agents. The average annual growth rate in the next four years is expected to be 7%. Applications include wood-plastic composites, polymer blends, and filled polymers. In addition, the demand for nucleating agents for the production of transparent polypropylene will also increase at a relatively fast rate.

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