Asia Pacific Plastic Additives Market Trends and Competitive Landscape Outlook to 2020

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Report Description Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/repap-79 The global plastic additives market is forecasted to reach US $ 50 billion by 2020 and is projected to grow at a CAGR of 3.8% during the forecast period. India and China are the lucrative markets due to presence of low-cost labor and raw materials. Plasticizers is the largest revenue generating segment of the plastic additives market valued at US $ 21.4 billion, followed by flame retardants with a CAGR of 5.4% projected for 2013–2020. The antimicrobial segment will also grow at a moderate rate due to increase in demand from the healthcare industry. The plastic additive industry is energy- and capital-intensive, wherein gas and oil are the major raw materials. It is easy to use and has numerous applications that make it an adaptable industry. Asia Pacific is the leader globally in terms of value and volume and production and consumption, and the key drivers being the surge in its automobile and infrastructure industry. Additionally, the Chinese and Indian automobile industries are expected to grow at 8% to 14% respectively during the forecast period 2014 - 2020. Plastics surfaced as an alternate solution to replace the use of metals in numerous industrial and non-industrial applications such as automotive manufacturing, mechanical fasteners, medical equipment, and commercial furniture and so on. Plastic additive producers are currently focusing on developing economies such as Asia Pacific. The region accounted for around 40% revenue of the plastic additives market as of 2013, which is projected to increase to 60% by 2020. Increasing awareness regarding conservation of depleting natural resources is expediting growth of the plastic additives market in Asia Pacific.
Report Description Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-ap-79 Growth prospects in the plastic additives market are vast and numerous players in the market are constantly investing and focusing on innovations in this industry through the use of plastic additives. BASF, Chemtura Corporation, Exxon Mobil Corporation, Clariant Ltd., Bayer AGand Kaneka are some major players in the plastic additives market. The overall chemical industry has grown at around 2% to 5%, which is positive sign for the evolving plastic additives market. Plastic additives is an evolving industry with a whole range of property extenders, modifiers, stabilizers and processing aids. In today’s world, each activity of modern day life in influenced by plastics and it is widely depended upon. Just to name a few, auto parts, medical equipment, telecommunication instruments, electronic devices, entertainment and leisure objects, insulators another gadgets are produced from plastic, which would not be possible without plastic additives. Plastic additives are safe, offer strength, give aesthetic appearance, last longer and reduce production costs Full Report Analysis@ http://www.futuremarketinsights.com/reports/asia-pacific-plasticadditives-market
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Asia Pacific Plastic Additives Market Trends and Competitive Landscape Outlook to 2020

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