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Strategic Analysis of the European and North American Plastics Additives Market : The Building and Construction Industry Drives Market Growth

  • February 2015
  • -
  • Frost & Sullivan
  • -
  • 225 pages

Summary

Table of Contents

Strategic Factsheet

•The current European and North American plastics additives market is estimated at $ x billion and is forecast to grow at a CAGR of x % between 2014 and 2021.
•The plastics additives market is highly competitive, with many smaller participants supplying specialized product formulations.
•Regulatory adherence, reliability, and product performance remain the key competitive aspects in the lubricants market.
•The North American market alone is projected to grow rapidly as a result of recovery in the building and construction industry.
•The shale gas boom is expected to aid plastics production in North America. This, in turn, leads to high growth in demand for plastics additives.
•The plasticizers segment, with x % volume share, dominates the plastics additives market. The antioxidants segment is poised for a revenue CAGR of x %.
•The global additives market is forecast to reach $ x billion by 2021.
•Unit shipments are expected to reach x million tons by 2021, growing at a CAGR of x %.
•Plasticizers will continue dominating the market, with x % in 2021.

Key Findings

•The plastics additives market is driven by dynamic advancements in end-user industries, necessitating changes in plastic-product formulation.
•Performance factors are further driven by customer demand for improved productivity, better cost-performance index, regulatory adherence, and health and environmental compliance. The plastics additives market is restrained by the regulations barring the use of certain chemical raw materials.
•North America is witnessing heavy investments in resin production as plastics manufacturers try to leverage the low energy and feedstock prices resulting from the shale gas boom. This drives the demand for plastics additives such as antioxidants, where a majority of the demand arises from resin manufacturers.
•The market is projected to grow as a result of increasing penetration of plastics in end-user industries. For instance, the automotive and aerospace industries are substituting metals with plastics and composites to reduce the vehicle weight.
•The replacement trend is expected to increase the demand for plastics additives such as light stabilizers and antioxidants because the plastic products are exposed to high temperatures and ultraviolet (UV) rays. Hence, a higher dosage of antioxidants and light stabilizers is required to protect the plastic components.
•The dynamic regulatory landscape and changing customer preferences compel additive manufacturers to constantly update their products.

CEO’s Perspective

Impact of the shale gas boom will drive plastics production in North America, thereby increasing the demand for plastics additives.
Manufacturers are focusing on safety of the product composition in order to ensure customer safety.
Enhanced customer support emerges as a key competitive factor in the highly competitive plastics additives market.
Increasing substitution of metals with plastics in end-user industries such as automotive and aerospace is driving the plastics additives market.
Mergers and acquisitions within the industry will boost shares and regional presence in the highly fragmented market.

Market Definitions

•Plastics additives are the chemicals used to aid polymerization, improve processing conditions, and modify the properties of plastics.
•This research service provides strategic analysis of the European and North American plastics additives market.
•Market revenues and volumes are expressed in dollars and tons, respectively. Average prices are represented in $/T.
•The market is segmented and analysed at regional levels. The regions included are:
oNorth America: The United States and Canada
oEurope: The European Union (EU-28) countries

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
What are the market drivers and restraints?
What are the regional market trends?
What are the growth trends in the different plastic additive segments?
What are the competitive factors dictating success in the market?
What new technologies will drive the market?

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