Top 7 Vendors in the Plastic Additives Market From 2017 to 2021 | Technavio

October 4, 2017

LONDON–(BUSINESS WIRE)–#PlasticsandPolymers—Technavio
has announced the top seven leading vendors in their recent global
plastic additives market report. This research report also
lists 12 other prominent vendors that are expected to impact the market
during the forecast period.

Plastic additives are employed to improve the chemical, physical, and
mechanical properties and the performance of the plastic material that
they are added to. They serve various functions required in the plastic
industry. Plasticizers are predominantly used in all types of polymer
compositions and are the crucial and key ingredient in molds or
masterbatches.

Competitive vendor landscape

The global plastic
additives market is fragmented with many vendors present across the
globe creating an intensely competitive landscape. The top vendors held
a majority of the market share in 2016. These key vendors are
concentrating on technological advances and offer innovative and
high-quality products in order to consolidate their market shares.

“The prominent vendors operating in the market offer a comprehensive
portfolio of plastic additives having a wide range of specialized and
standard applications to gain a competitive edge over others. Thus,
these strategies are likely to intensify competition among key players
in the coming years,” says Mohd Shakeel Iqbal, a lead plastics,
polymers, and elastomers research analyst from Technavio.

The majority of the key vendors have backward integration. ExxonMobil,
BASF, and Evonik industries have backward integration and are
prominently present in APAC. They are also actively present in the
Americas and EMEA.

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Top seven plastic additives market vendors

BASF

BASF is increasing its global plastic additives production, and the
company is planning to invest in several operating sites, such as the
US, Europe, and APAC. BASF manufactures antioxidants, process
stabilizers, light stabilizers, flame retardants, blends, and pigments.
Antioxidants are sold under the brand name Irganox.

Clariant

The company produces flame retardants in plastic additives. Also, the
company is increasing its additives production in China. Clariant
produces various types of plastic additives, which include light
stabilizers, antioxidants, antistatic agents, and stabilizers. Light
stabilizers are sold under the brand name Hostavin and Nylostab.
Antioxidants are sold under the brand name Hostanox, and antistatic
agents are sold under the brand name Hostastat.

The Dow Chemical Company

The Dow Chemical Company focuses on providing solutions for clean energy
generation and conservation, clean water, and increased agricultural
productivity. Its portfolio includes advanced materials, specialty
chemicals, and AgroSciences. The company produces a wide variety of
products in processing aids and impact modifier types such as PARALOID
EXL-3361, PARALOID K-120ND, PARALOID HIA-80, and PARALOID BPMS.

Evonik Industries

Evonik Industries, a specialty chemicals company, produces polymer
materials and intermediates for consumption in the rubber and plastics
industries. It also produces chemicals for daily-need consumer goods,
animal nutrition, and healthcare products.

ExxonMobil

The company produces products such as polymer resin, polyethylene, and
plastic additives, which are used in various end segments and ultimately
enhance the performance of products. The plastic additive products
include modifiers, plasticizers, lubricants, and extenders.

LANXESS

LANXESS is a leading specialty chemicals company with sales of USD 8.57
billion in 2016 and about 16,700 employees in 29 countries worldwide.
The company is focused on the development, manufacture, and marketing of
chemical intermediates, specialty chemicals, and plastics. The company
acquired Chemtura, which is one of the major plastic additive-producing
companies, as a strategy to enter the market.

Mitsui Chemicals

Mitsui Chemicals produces chemical products such as plastic additives,
which are used in automobile, electronic, housing, and others. The
various types of plastic additives manufactured by Mitsui Chemicals
include stabilizers, blowing agents, impact modifiers, pigments, and
processing aids.

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