High-Performance Plastic Additives Market Overview
The global high-performance plastic additives market is estimated to reach $2,839.3 million in 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 9.6% during the forecast period 2022-2031.
High-performance plastics are becoming more common in several industries, including transportation, healthcare, electrical and electronics, packaging, and others, due to their improved electrical conductivity. Additionally, it is anticipated that during the forecasted period, the expansion of biodegradable packaging in several emerging economies, including China, India, Japan, and Europe, as well as the rising adoption of high-performance plastic additives for the automotive industry, is expected to further fuel the growth of the global market for high-performance plastic additives. The market is anticipated to benefit from the growing preference for plastics over metals, as this enables high temperature resistance, thereby fostering the market growth.
USP of the Report
• Extensive competitive benchmarking of 20 key players to offer a holistic view of the global high-performance plastic additives market landscape
• Market segregation based on additive type, plastic type, and end user
• Investment landscape, including product adoption scenario, funding, and patent analysis
Analyst Perspective
According to Sachin Singh, Lead Analyst of the report, “High-performance plastic additives play a significant role in transportation, medical, electricals and electronics, packaging, and aerospace, as well as other applications. High-performance plastic additives have been adopted by these end users as it improves the sliding friction, weight-saving capabilities, rigidity, high stiffness, and durability of the substrates to which they are applied. Also, the expansion of the transportation industry, increasing electrical and electronics products adoption, and demand from the packaging industry are anticipated to drive the market during the forecast period.”
Key Companies Operating in The Market
Key players in the global high-performance plastic additives market analyzed and profiled in the study involve high-performance plastic additive manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global high-performance plastic additives market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Solvay S.A., Evonik Industries AG., Colloids Ltd., SABIC, Ensinger, L.Brueggemann GmbH & Co. KG, Americhem, Inc., Colortech Inc., Tosaf Compounds Ltd., Arkema, BASF SE, 3M, SUQIAN UNITECH CORP., LTD., Nouryon, Avient Corporation, Kemipex, Advanced Polymer Solutions, LLC, NEWOS GmbH, Ceramer GmbH, and Karan Industrial Group.
Key Questions Answered in the Report
• What are the major factors and trends that are impacting the consumption of high-performance plastic additives?
• What are some of the key initiatives taken by the existing players to improve their market positioning and strategy adopted by new players entering in market space?
• How has COVID-19 impacted the high-performance plastic additives market across the globe?
• What are the steps the existing players take to improve their market positioning, and what are some of the key strategies adopted by new players entering this market space?
• What is the market’s leading product and most promising application, and how it would emerge in the coming years?
• What are the latest developments across the globe for high-performance plastic additives, and what are the consumption patterns?
• What are the constraints in the acceptance of high-performance plastic additives in various regions and countries?
• What are the regulations affecting the high-performance plastic additives market?