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Plastics additives market predicted to reach US$50.86 billion by 2021
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performance pigments across the next five years, according to Smithers Rapra. There is an increase in demand for more-specialized and unique end-use pigments, it reports. Small and niche players are also focusing on increased usage of specialized pigments, such as thermochromic pigments and daylight fluorescent pigments. Current and future developments in nano-pigment technology, currently feeding the high end of the market (special effect pigments) can be expected to have an impact on the uses of high-performance pigments. An area of growing interest in the coatings and plastics fields is heat control using near-infrared (NIR)-reflecting pigments. This emerging class of high-performance pigments has dual functionality, imparting colour as well as IR-reflective properties. Pure colour pigments and high-performance bio-based pigments are other fast-developing segments. The firm’s study finds that, despite the strong movement of pigment production to Asia, especially India and China, high-performance pigment production is still largely in the control of European, US and Japanese companies. Asia will have the fastest market expansion during the next five years, again due mainly to India and China, Smithers Rapra says. Europe will be below the market average growth, with consumption in North America tracking the global CAGR, the company predicts. Global pigment supply will have to align with consumer requirements in the developing markets as demand increases, although the report observes that suppliers are currently ‘more cautious’ about adding manufacturing capacity following the uncertainty and instability of the financial crisis. Stricter environmental regulation, especially related to water and industrial waste treatment, and company consolidation are identified as two of the major trends influencing the global pigment market over the forecast period. Available in both digital and hard copy formats, the report costs £4200/E5350. Contact: Smithers Rapra, Leatherhead, UK. Tel: +44 1372 802086, Web: www.smithersrapra.com
September 2016
Plastics additives market predicted to reach US$50.86 billion by 2021
T
he global plastics additives market will expand at a compound annual growth rate (CAGR) of 4.9% between 2016 and 2021 to reach a value of US$50.86 billion by 2021, according to forecasts in a new report published by MarketsandMarkets. This growth will be driven by rising demand from the global packaging industry, triggered by changes in lifestyle and globalization, the report finds. The new study updates MarketsandMarkets’ previous report on this market sector [ADPO, May 2015], which predicted a marginally higher CAGR of 5.0% between 2014 and 2019, when market value is forecast to total $45.5 billion. As in the earlier study, plasticizers are identified as the largest segment of the market in terms of additive type, while, among the end-use sectors, packaging applications remain the dominant consumer of plastics additives. Increasing use of plastics in consumer goods is also expected to drive the growth of the additives market, according to the current report. Among the five main geographical regions – Asia Pacific, North America, Europe, the Middle East & Africa, and South America – Asia Pacific is the largest market for plastic additives in terms of volume, and is expected to remain so throughout the forecast period. The growing packaging industry coupled with increasing demand from the retail industry drives the region’s market for plastics additives. The 188-page report, entitled Plastic Additives Market, costs $5650 for a single-user licence and $8650 for a corporate licence.
Contact: MarketsandMarkets, Magarpatta City, Pune, India. Tel: +1 888 600 6441, Web: www.marketsandmarkets.com
Additives for Polymers
11
performance pigments across the next five years, according to Smithers Rapra. There is an increase in demand for more-specialized and unique end-use pigments, it reports. Small and niche players are also focusing on increased usage of specialized pigments, such as thermochromic pigments and daylight fluorescent pigments. Current and future developments in nano-pigment technology, currently feeding the high end of the market (special effect pigments) can be expected to have an impact on the uses of high-performance pigments. An area of growing interest in the coatings and plastics fields is heat control using near-infrared (NIR)-reflecting pigments. This emerging class of high-performance pigments has dual functionality, imparting colour as well as IR-reflective properties. Pure colour pigments and high-performance bio-based pigments are other fast-developing segments. The firm’s study finds that, despite the strong movement of pigment production to Asia, especially India and China, high-performance pigment production is still largely in the control of European, US and Japanese companies. Asia will have the fastest market expansion during the next five years, again due mainly to India and China, Smithers Rapra says. Europe will be below the market average growth, with consumption in North America tracking the global CAGR, the company predicts. Global pigment supply will have to align with consumer requirements in the developing markets as demand increases, although the report observes that suppliers are currently ‘more cautious’ about adding manufacturing capacity following the uncertainty and instability of the financial crisis. Stricter environmental regulation, especially related to water and industrial waste treatment, and company consolidation are identified as two of the major trends influencing the global pigment market over the forecast period. Available in both digital and hard copy formats, the report costs £4200/E5350. Contact: Smithers Rapra, Leatherhead, UK. Tel: +44 1372 802086, Web: www.smithersrapra.com
September 2016
Plastics additives market predicted to reach US$50.86 billion by 2021
T
he global plastics additives market will expand at a compound annual growth rate (CAGR) of 4.9% between 2016 and 2021 to reach a value of US$50.86 billion by 2021, according to forecasts in a new report published by MarketsandMarkets. This growth will be driven by rising demand from the global packaging industry, triggered by changes in lifestyle and globalization, the report finds. The new study updates MarketsandMarkets’ previous report on this market sector [ADPO, May 2015], which predicted a marginally higher CAGR of 5.0% between 2014 and 2019, when market value is forecast to total $45.5 billion. As in the earlier study, plasticizers are identified as the largest segment of the market in terms of additive type, while, among the end-use sectors, packaging applications remain the dominant consumer of plastics additives. Increasing use of plastics in consumer goods is also expected to drive the growth of the additives market, according to the current report. Among the five main geographical regions – Asia Pacific, North America, Europe, the Middle East & Africa, and South America – Asia Pacific is the largest market for plastic additives in terms of volume, and is expected to remain so throughout the forecast period. The growing packaging industry coupled with increasing demand from the retail industry drives the region’s market for plastics additives. The 188-page report, entitled Plastic Additives Market, costs $5650 for a single-user licence and $8650 for a corporate licence.
Contact: MarketsandMarkets, Magarpatta City, Pune, India. Tel: +1 888 600 6441, Web: www.marketsandmarkets.com
Additives for Polymers
11