Product Code: ETC4474705 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India plastic additives market import shipments demonstrated a robust expansion with a CAGR of 14.1% from 2020 to 2024. The growth rate between 2023 and 2024 slightly moderated to 10.0%, indicating a steady upward momentum with a positive overall trend during the period.
The plastic additives market in India is an essential component of the country`s plastics and polymer industry. Plastic additives play a crucial role in enhancing the performance and characteristics of plastic materials. As India consumption of plastics grows across various sectors, including packaging, construction, and automotive, the demand for plastic additives has increased. These additives can improve properties such as UV resistance, flame retardancy, and color stability. The growing emphasis on sustainable and environmentally friendly plastics has led to innovations in biodegradable additives. The market is characterized by a mix of domestic and international suppliers, providing a wide range of additive solutions to cater to the diverse needs of India expanding plastic industry.
The India Plastic Additives market is driven by the rapid expansion of the plastics industry in the country. As India continues to urbanize and industrialize, there is an increasing demand for plastic products in various sectors, including packaging, automotive, construction, and consumer goods. The need to enhance the performance and durability of plastic materials is pushing the demand for plastic additives such as stabilizers, plasticizers, and flame retardants. Additionally, environmental concerns and regulations are encouraging the adoption of eco-friendly additives, further propelling market growth.
The plastic additives market in India confronts challenges related to environmental regulations and consumer awareness. With increasing concerns over plastic pollution and the need for more sustainable materials, manufacturers are pressured to develop eco-friendly additives. Furthermore, changing regulations regarding the use of certain additives can affect the market. Economic factors, such as fluctuations in oil prices, can also impact the production cost and profitability of plastic additives.
The plastic additives market in India faced challenges during the COVID-19 pandemic, as industries like packaging, automotive, and consumer goods, which use plastic additives extensively, experienced disruptions. The reduced manufacturing activities and supply chain interruptions impacted the demand for these additives. However, the market is expected to recover as industries resume operations, with an increased focus on sustainable and environmentally friendly additives to meet evolving consumer preferences.
In the India plastic additives market, prominent players include companies like BASF, Dow Chemicals, Arkema, and AkzoNobel. These companies offer a wide range of additives such as stabilizers, plasticizers, and colorants to enhance the properties of plastic materials for various industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Plastic Additives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Plastic Additives Market Revenues & Volume, 2021 & 2031F |
3.3 India Plastic Additives Market - Industry Life Cycle |
3.4 India Plastic Additives Market - Porter's Five Forces |
3.5 India Plastic Additives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Plastic Additives Market Revenues & Volume Share, By Plastic Type, 2021 & 2031F |
3.7 India Plastic Additives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Plastic Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for plastic products in various industries such as packaging, automotive, and construction. |
4.2.2 Increasing focus on enhancing the performance and durability of plastic materials. |
4.2.3 Government initiatives promoting the use of eco-friendly and sustainable plastic additives. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of plastic additives. |
4.3.2 Stringent regulations related to the use of certain types of plastic additives. |
4.3.3 Growing concerns about the environmental impact of plastic additives. |
5 India Plastic Additives Market Trends |
6 India Plastic Additives Market, By Types |
6.1 India Plastic Additives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Plastic Additives Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Plastic Additives Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.4 India Plastic Additives Market Revenues & Volume, By Stabilizers, 2021-2031F |
6.1.5 India Plastic Additives Market Revenues & Volume, By Flame Retardants, 2021-2031F |
6.1.6 India Plastic Additives Market Revenues & Volume, By Impact Modisiers, 2021-2031F |
6.1.7 India Plastic Additives Market Revenues & Volume, By Blowing Agents, 2021-2031F |
6.1.8 India Plastic Additives Market Revenues & Volume, By Nucleating Agents, 2021-2031F |
6.2 India Plastic Additives Market, By Plastic Type |
6.2.1 Overview and Analysis |
6.2.2 India Plastic Additives Market Revenues & Volume, By Commodity Plastic, 2021-2031F |
6.2.3 India Plastic Additives Market Revenues & Volume, By Engineering Plastic, 2021-2031F |
6.2.4 India Plastic Additives Market Revenues & Volume, By High-Performance Plastics, 2021-2031F |
6.3 India Plastic Additives Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Plastic Additives Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.3 India Plastic Additives Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.4 India Plastic Additives Market Revenues & Volume, By Construction, 2021-2031F |
6.3.5 India Plastic Additives Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 India Plastic Additives Market Revenues & Volume, By Others, 2021-2031F |
7 India Plastic Additives Market Import-Export Trade Statistics |
7.1 India Plastic Additives Market Export to Major Countries |
7.2 India Plastic Additives Market Imports from Major Countries |
8 India Plastic Additives Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly plastic additives in the market. |
8.2 Research and development investments in innovative plastic additive technologies. |
8.3 Percentage of plastic manufacturers using performance-enhancing additives. |
9 India Plastic Additives Market - Opportunity Assessment |
9.1 India Plastic Additives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Plastic Additives Market Opportunity Assessment, By Plastic Type, 2021 & 2031F |
9.3 India Plastic Additives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Plastic Additives Market - Competitive Landscape |
10.1 India Plastic Additives Market Revenue Share, By Companies, 2024 |
10.2 India Plastic Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |