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Global market for plastic additives to reach $57.6 billion by 2016

Source:Business Wire Release Date:2013-10-22 201
Plastics & Rubber
Plastics additives market to witness a value of US$57.6 billion by 2016, with Asia Pacific being the fastest growing market.


Research and Markets has announced the addition of the "Plastic Additives - A Global Market Watch, 2011 - 2016" report. Primarily supported by product types; Plasticizers, Stabilizers, Impact Modifiers, Colorants and Fillers the Plastics Additives market to witness a value of US$57.6 billion by 2016.

 

Geographical analysis shows the highest Compounded Annual Growth Rate (CAGR) of 7.1% is foreseen from Asia-Pacific region during the analysis period 2011-2016. The Americas is not way behind with a CAGR of 5.8%, followed by Europe at 5.5%. Among the product type segments, Plasticizers accounts for nearly 23% (2011) of the overall market; Stabilizers and Flame Retardant & Smoke Suppressant stand at second and third positions, respectively. Flame Retardant & Smoke Suppressant stands as the fastest growing segment with a CAGR of 8.3% by 2016.

 

The Plastics Additives - A Global Market Watch, 2011 - 2016' reviews the latest trends in plastics industry with a perceptive to identify the near-future growth prospects. An in-depth analysis across the geographic regions provides strategic business intelligence for the industry investments. The study offers profitable investment strategies for R&D organizations, plastic manufacturing units, distributors, Contract Research Organizations (CROs) and many more in preferred locations.

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