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PLASTIC ADDITIVES - GLOBAL SCENARIO

Plastics additives are added to a polymer during reaction in the final stage or during
the process of plastic production.
With increasing environmental awareness the global plastics additives market will
grow to $57.8 billion by 2020, up from $41.4 billion in 2013, according to a report by
Allied Market Research. The global plastic additives market in terms of volume was
estimated at 12.6 million tons in 2013 and is expected to reach 17.1 million tons by
2020 growing at a CAGR of 4.4% during 2013-2020.
Geographical analysis shows the highest Compounded Annual Growth Rate
(CAGR) of 7.1% is foreseen from Asia-Pacific region; with Americas just behind
with a CAGR of 5.8%, followed by Europe at 5.5% as per report by Research and
Markets.
Among the product type segments, Plasticizers having multiple applications in
manufacturing plastic products leads in terms of volume as well as values. The
plasticizers market was valued at US $ 21.4 bln in 2013 and expected to lead in
terms of revenue generation through 2018.
Stabilizers and Flame Retardant stand at second and third positions, respectively.
The flame retardants & Smoke Suppressant market has highest growth potential
which is forecast to grow at a CAGR of 5.4% till 2020. Furthermore, antimicrobial
market which is expected to grow at a moderate growth is promoted due to increase
in demand for disposable products in healthcare industry.
Indian Scenario
According to a recently published report by TechSci Research, Plastic additives
market revenues are projected to grow at a CAGR of 14% during 2014-19 due to
increasing demand from end-user markets for plastics, such as packaging,
construction and automobiles. In 2013, the demand for Plasticizers was recorded
highest, followed by heat and light stabilizers.
The fastest growing plastic polymers in India are polypropylene and polyethylene,
followed by Polyvinyl Chloride (PVC). Growth in these polymer segments is
emerging as a key driver for augmenting the demand for plastic additives in India.
Indian plastic additives market is highly fragmented, and is dominated by 30-35
major players with small and medium-sized players accounting for majority of the
market share. Rising purchasing power of Indian consumers is driving the demand
for aesthetic and innovative plastic products, particularly in automotive and
consumer appliance industries. Western region of the country accounts for the
largest share in plastic additives production.
The companies involved in the manufacturing of chemicals are trying to capture the
natural resources to create monopolistic environment in supply chain of plastic
additive and other chemicals market.
Key companies operating in India are KLJ Group, BASF India Ltd, Dow Chemical
International Private Ltd. (Dow India), LANXESS India Private Ltd, Croda
Chemicals (India) Pvt. Ltd, Clariant Chemicals India Ltd, Akzo Nobel India Limited,
Chemtura Chemicals India Private Limited, ExxonMobil Company India Private
Limited, Adeka India Private Limited, Baerlocher Additives India Private Limited,
Fine Organics Industries Private Ltd and K-Tech (India) Limited

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