Market Overview:
The global performance additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for performance additives from various end-use industries, such as packaging, construction, automotive, and industrial sectors. In terms of volume, the global performance additives market was estimated at 2.8 million metric tons in 2017 and is projected to reach 4 million metric tons by 2030. In terms of type, the plastic additives segment is projected to lead the global performance additives market during the forecast period. This growth can be attributed to increasing demand for plastic products from various end-use industries across the globe.
Product Definition:
Performance additives are substances that are added to a material or product to improve its performance. This can include making it stronger, more durable, easier to work with, or faster drying. Performance additives can be important for many products, especially those that need to be strong and reliable.
Plastic Additives:
Plastic additives are substances that are added to plastic during its manufacturing process in order to improve certain properties such as flexibility, transparency, surface glossiness or color. The most commonly used additive is binder which is used for improving the flow characteristics of plastic and also helps in maintaining the shape of molded parts. Plastic additives can be further divided into two major categories polymers & resins and fillers & reinforcements which consist of natural and synthetic materials respectively.
Paint & Coatings Additives:
Paint & coatings additives are used to enhance the properties of paints and coatings. These products improve adhesion, color retention, anti-corrosion performance, and durability of the end product. Additives in paints & coatings help to increase its shelf life by reducing water absorption; this results in fewer repainting jobs and reduced drying time. They also provide various functions such as UV protection or weathering resistance depending upon the type of formulation employed.
Application Insights:
The packaging application segment led the global performance additives market in 2017 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for packaged food products, beverages, personal care products and other industrial goods. Moreover, rising consumer preference for functional foods owing to health benefits is expected to boost product demand in this application over the next eight years.
Household goods are another significant application on account of growing consumer spending on home furnishing items including carpets and upholstery fabrics that require enhanced durability along with improved aesthetic appeal. Rising disposable income levels coupled with changing lifestyle has created a high demand for new furniture designs that not only meets but also goes beyond expectations regarding quality & functionality offered by conventional furniture pieces made from traditional materials such as wood & glass composites.
Regional Analysis:
Asia Pacific was the largest regional market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and has been witnessing rapid growth in industrial output, which will have a positive impact on APAC performance additives market. China, India, Japan, South Korea are some of the fastest-growing economies that are likely to contribute towards increased demand for high-performance plastics with improved properties over time.
Europe also held a significant share owing to increasing R&D activities by various organizations such as European Federation of Performance Plastics (EFEP) focused on improving properties of plastics used in automotive industry. Increasing focus on environment protection by governments across Europe is another factor driving product demand; this trend is projected to propel pigment additives segment growth over the next eight years.
Growth Factors:
- Increasing demand for lightweight vehicles in the automotive industry to reduce emissions and improve fuel efficiency is expected to drive the growth of performance additives market.
- Rising demand from end-use industries such as construction, transportation, and packaging is also anticipated to boost the market growth.
- Growing awareness about the benefits of using performance additives in various applications is projected to propel the market growth over the forecast period.
- Technological advancements in production processes are likely to provide new opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Performance Additives Market Research Report
By Type
Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives, Rubber Additives
By Application
Packaging, Household Goods, Construction, Automotive, Industrial, Wood & Furniture, Others
By Companies
Arkema, AkzoNobel, BASF, Huntsman International, Dow Chemical, ALTANA, BYK Additives & Instruments, Cytec Solvay, Clariant, DAIKIN INDUSTRIES, Arkema, Eastman Chemical Company, Evonik, K-TECH (INDIA), LANXESS, Momentive, PolyOne, Total
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Performance Additives Market Report Segments:
The global Performance Additives market is segmented on the basis of:
Types
Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives, Rubber Additives
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Household Goods, Construction, Automotive, Industrial, Wood & Furniture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- AkzoNobel
- BASF
- Huntsman International
- Dow Chemical
- ALTANA
- BYK Additives & Instruments
- Cytec Solvay
- Clariant
- DAIKIN INDUSTRIES
- Arkema
- Eastman Chemical Company
- Evonik
- K-TECH (INDIA)
- LANXESS
- Momentive
- PolyOne
- Total
Highlights of The Performance Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic Additives
- Paint & Coatings Additives
- Pigment Additives
- Ink Additives
- Rubber Additives
- By Application:
- Packaging
- Household Goods
- Construction
- Automotive
- Industrial
- Wood & Furniture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Performance Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Performance additives are substances that can help improve the performance of a product. They may be used to increase fuel efficiency, reduce emissions, or improve handling characteristics.
Some of the key players operating in the performance additives market are Arkema, AkzoNobel, BASF, Huntsman International, Dow Chemical, ALTANA, BYK Additives & Instruments, Cytec Solvay, Clariant, DAIKIN INDUSTRIES, Arkema, Eastman Chemical Company, Evonik, K-TECH (INDIA), LANXESS, Momentive, PolyOne, Total.
The performance additives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Performance Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Performance Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Performance Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Performance Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Performance Additives Market Size & Forecast, 2018-2028
4.5.1 Performance Additives Market Size and Y-o-Y Growth
4.5.2 Performance Additives Market Absolute $ Opportunity
Chapter 5 Global Performance Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Performance Additives Market Size Forecast by Type
5.2.1 Plastic Additives
5.2.2 Paint & Coatings Additives
5.2.3 Pigment Additives
5.2.4 Ink Additives
5.2.5 Rubber Additives
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Performance Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Performance Additives Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Household Goods
6.2.3 Construction
6.2.4 Automotive
6.2.5 Industrial
6.2.6 Wood & Furniture
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Performance Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Performance Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Performance Additives Analysis and Forecast
9.1 Introduction
9.2 North America Performance Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Performance Additives Market Size Forecast by Type
9.6.1 Plastic Additives
9.6.2 Paint & Coatings Additives
9.6.3 Pigment Additives
9.6.4 Ink Additives
9.6.5 Rubber Additives
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Performance Additives Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Household Goods
9.10.3 Construction
9.10.4 Automotive
9.10.5 Industrial
9.10.6 Wood & Furniture
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Performance Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Performance Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Performance Additives Market Size Forecast by Type
10.6.1 Plastic Additives
10.6.2 Paint & Coatings Additives
10.6.3 Pigment Additives
10.6.4 Ink Additives
10.6.5 Rubber Additives
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Performance Additives Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Household Goods
10.10.3 Construction
10.10.4 Automotive
10.10.5 Industrial
10.10.6 Wood & Furniture
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Performance Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Performance Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Performance Additives Market Size Forecast by Type
11.6.1 Plastic Additives
11.6.2 Paint & Coatings Additives
11.6.3 Pigment Additives
11.6.4 Ink Additives
11.6.5 Rubber Additives
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Performance Additives Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Household Goods
11.10.3 Construction
11.10.4 Automotive
11.10.5 Industrial
11.10.6 Wood & Furniture
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Performance Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Performance Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Performance Additives Market Size Forecast by Type
12.6.1 Plastic Additives
12.6.2 Paint & Coatings Additives
12.6.3 Pigment Additives
12.6.4 Ink Additives
12.6.5 Rubber Additives
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Performance Additives Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Household Goods
12.10.3 Construction
12.10.4 Automotive
12.10.5 Industrial
12.10.6 Wood & Furniture
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Performance Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Performance Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Performance Additives Market Size Forecast by Type
13.6.1 Plastic Additives
13.6.2 Paint & Coatings Additives
13.6.3 Pigment Additives
13.6.4 Ink Additives
13.6.5 Rubber Additives
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Performance Additives Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Household Goods
13.10.3 Construction
13.10.4 Automotive
13.10.5 Industrial
13.10.6 Wood & Furniture
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Performance Additives Market: Competitive Dashboard
14.2 Global Performance Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 AkzoNobel
14.3.3 BASF
14.3.4 Huntsman International
14.3.5 Dow Chemical
14.3.6 ALTANA
14.3.7 BYK Additives & Instruments
14.3.8 Cytec Solvay
14.3.9 Clariant
14.3.10 DAIKIN INDUSTRIES
14.3.11 Arkema
14.3.12 Eastman Chemical Company
14.3.13 Evonik
14.3.14 K-TECH (INDIA)
14.3.15 LANXESS
14.3.16 Momentive
14.3.17 PolyOne
14.3.18 Total
