Plastics additives market to rise to $55 billion by 2018

The total market for plastics additives is projected to increase from $39.6 billion in 2011, to $41.3 billion in 2012, to more than $43.1 billion in 2013, and to nearly $54.7 billion in 2018 yielding a compound annual growth rate (CAGR) of 4.9% for a period of five years, from 2013 to 2018. This is according to a new report, "Global Markets for Plastics Additives," from MarketResearch.com.

The report further said that the market for property modifiers was $22.2 billion in 2011, which is expected to increase to $24 billion by 2013. This segment is further projected to reach nearly $30.6 billion by 2018, a CAGR of 5.0% over the last five years.

The market for property stabilizers was $11.2 billion in 2011, which is expected to increase to $12.3 billion by 2013, a CAGR of 4.9% over the three year period. This particular segment is further projected to reach nearly $15.6 billion by 2018, a CAGR of 4.9% over those five years.