Market Size of Performance Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Performance Additives Market Analysis
The performance additives market is expected to register a CAGR of more than 8% during the forecast period. The major factors driving the growth of the market studied are the replacement of conventional materials by plastics in several applications, and increasing demand for plastic in emerging nations. On the flip side, the stringent governmental regulations on plastic usage, and depleting natural resources, such as oil andgas, are some of the factors hampering the growth of the studied market.
- The plastic additives segment dominated the market and is likely to grow during the forecast period, with the increasing application of plastic in various end-user industries, such as construction, automotive, consumer goods, and packaging.
- The research to develop bio-based additives is likely to provide opportunities for the studied market, during the forecast period.
- Asia-Pacific dominated the market across the world, owing to the high demand for plastics, paints andcoatings, rubber, leather, automotive, packaging, and adhesives andsealants from numerous end-user industries in the region.
