Performance Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Performance Additives Market Analysis
The performance additives market is expected to register a CAGR of more than 8% during the forecast period. The major factors driving the growth of the market studied are the replacement of conventional materials by plastics in several applications, and increasing demand for plastic in emerging nations. On the flip side, the stringent governmental regulations on plastic usage, and depleting natural resources, such as oil andgas, are some of the factors hampering the growth of the studied market.
- The plastic additives segment dominated the market and is likely to grow during the forecast period, with the increasing application of plastic in various end-user industries, such as construction, automotive, consumer goods, and packaging.
- The research to develop bio-based additives is likely to provide opportunities for the studied market, during the forecast period.
- Asia-Pacific dominated the market across the world, owing to the high demand for plastics, paints andcoatings, rubber, leather, automotive, packaging, and adhesives andsealants from numerous end-user industries in the region.
Performance Additives Market Trends
This section covers the major market trends shaping the Performance Additives Market according to our research experts:
Plastic Additives Segment to Dominate the Market Demand
- Plastic additives segment dominated the performance additives market. Plastic additives find extensive application in lubricants, plasticizers, stabilizers, flame retardants, anti-fog additives, pigment wetting agents, and others.
- Plastic additives' demand for such applications is expected to increase, owing to their growing demand from industries, such as paints andcoatings, adhesives andsealants, plastic, packaging, and automotive.
- The Asia-Pacific and North American regions have been witnessing strong growth in residential construction. Besides, Asia-Pacific and Middle East & Africa are experiencing huge domestic, as well as foreign, investments for setting up industrial units, hospitals, malls, multiplexes, hospitality industry, and IT sectors.
- In Asia-Pacific, countries, such as India, Indonesia, Thailand, and Malaysia, have been witnessing an increase in investments and production in the automotive industry. Besides, regions, like North America and Europe, are investing heavily in developing lightweight, hybrid, and greener vehicles.
- Moreover, the packaging industry is also growing at a significant rate, owing to the growing demand from industries, such as food andbeveragesand consumer goods. E-retail has further driven the growth of the packaging industry in recent years, and the trend is likely to continue over the coming years.
- Hence, all such favorable trends are expected to increase the demand for paints andcoatings, lubricants, adhesives, andsealants, etc., which isfurther projected to create demand for additives, during the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share. Rising production in industries, such as paints and coatings, plastics, inks, automotive, and electronics, and growing construction activities in the region, have been increasing the consumption of performance additives in the region, during the forecast period.
- With growing investments into the residential and commercial construction in the countries, such as India, China, the Philippines, Vietnam, and Indonesia, the demand for paints, coatings, plastic, and adhesives and sealants is expected to increase in the coming years.
- China has planned numerous airport construction projects, which are currently either in the planning or development phase. Besides, the Indian government has planned to construct 100 airports by 2032. The Indian government's plan to invest USD 120.5 billion for developing 27 industrial clusters is also expected to boost commercial construction in the country. Besides, residential construction is also increasing in countries, such as India, Indonesia, Vietnam, and Singapore.
- Online retail shopping is increasing at a higher rate with rising internet technologies and web applications, which has largely supported the growth of the packaging industry in the region. Moreover, the demand for food and beverages and consumer goods is growing at a high rate, due to the increasing income levels, urbanization, and consumers inclining toward technology, hence, fueling the demand for the packaging industry in the region.
- Hence, such trends in the end-user industries are likely to drive the demand for performance additives in the region, during the forecast period.
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Performance Additives Industry Overview
The performance additives market is consolidated, where few major players hold a significant share of the market demand. Some of the major players in the market include BASF SE, Dow, AkzoNobel NV, Arkema SA, and Honeywell International Inc. amongst others.
Performance Additives Market Leaders
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BASF SE
-
Dow
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AkzoNobel NV
-
Arkema SA
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
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Performance Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Replacement of Conventional Materials by Plastics in Several Applications
- 4.1.2 Increasing Demand for Plastic in Emerging Nations
-
4.2 Restraints
- 4.2.1 Stringent Governmental Regulations on Plastic Usage
- 4.2.2 Depleting Natural Resources, such as Oil and Gas
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Plastic Additives
- 5.1.1.1 Lubricants
- 5.1.1.2 Processing Aids (Fluoropolymer-based)
- 5.1.1.3 Flow Improvers
- 5.1.1.4 Slip Additives
- 5.1.1.5 Antistatic Additives
- 5.1.1.6 Pigment Wetting Agents
- 5.1.1.7 Filler Dispersants
- 5.1.1.8 Antifog Additives
- 5.1.1.9 Plasticizers
- 5.1.1.10 Stabilizers
- 5.1.1.11 Flame Retardants
- 5.1.1.12 Impact Modifiers
- 5.1.2 Rubber Additives
- 5.1.2.1 Accelerators
- 5.1.2.2 Antidegradants
- 5.1.2.3 Blowing Agents and Adhesive Agents
- 5.1.3 Paints and Coatings Additives
- 5.1.3.1 Biocides
- 5.1.3.2 Dispersants and Wetting Agents
- 5.1.3.3 Defoamers and Dearaters
- 5.1.3.4 Rheology Modifiers
- 5.1.3.5 Surface Modifiers
- 5.1.3.6 Stabilizers
- 5.1.3.7 Flow and Leveling Additives
- 5.1.3.8 Other Paints and Coatings Additives
- 5.1.4 Fuel Additives
- 5.1.4.1 Deposit Control
- 5.1.4.2 Cetane Improvers
- 5.1.4.3 Lubricants
- 5.1.4.4 Antioxidants
- 5.1.4.5 Anticorrosion
- 5.1.4.6 Fuel Dyes
- 5.1.4.7 Cold Flow Improvers
- 5.1.4.8 Antiknock Agents
- 5.1.4.9 Other Fuel Additives
- 5.1.5 Ink Additives
- 5.1.5.1 Rheology Modifier
- 5.1.5.2 Slip/Rub Material
- 5.1.5.3 Defoamers
- 5.1.5.4 Dispersants
- 5.1.5.5 Antioxidant
- 5.1.5.6 Chelating Agents
- 5.1.5.7 Other Ink Additives (Wetting Agents, Driers, and PH Modifiers)
- 5.1.6 Leather Additives
- 5.1.6.1 Finishing Agents
- 5.1.6.2 Fat Liquors
- 5.1.6.3 Syntans
- 5.1.6.4 Other Leather Additives (Auxiliaries/Feel/Modifiers)
- 5.1.7 Lubricant Additives
- 5.1.7.1 Dispersants and Emulsifiers
- 5.1.7.2 Viscosity Index Improvers
- 5.1.7.3 Detergents
- 5.1.7.4 Corrosion Inhibitors
- 5.1.7.5 Oxidation Inhibitors
- 5.1.7.6 Extreme-pressure Additives
- 5.1.7.7 Friction Modifiers
- 5.1.7.8 Other Lubricant Additives
- 5.1.8 Adhesives and Sealants Additives
- 5.1.8.1 Antioxidants
- 5.1.8.2 Light Stabilizers
- 5.1.8.3 Tackifier
- 5.1.8.4 Other Adhesives and Sealants Additives
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle East & Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Adeka Corporation
- 6.4.2 AkzoNobel NV
- 6.4.3 Arkema SA
- 6.4.4 Asahi Glass Co. Ltd
- 6.4.5 Ashland Inc.
- 6.4.6 Baerlocher GmbH
- 6.4.7 BASF SE
- 6.4.8 Clariant AG
- 6.4.9 Dow
- 6.4.10 Eastman Chemical Company
- 6.4.11 Evonik Industries AG
- 6.4.12 ExxonMobil Corporation
- 6.4.13 Mitsui Chemicals
- 6.4.14 Hexion Inc.
- 6.4.15 Performance Additives
- 6.4.16 Lubrizol Corporation (Berkshire Hathaway)
- 6.4.17 Huntsman Corporation
- 6.4.18 Cytec Solvay
- 6.4.19 Lanxess AG
- 6.4.20 Honeywell International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Research to Develop Bio-based Additives
**Subject to Availability
Performance Additives Industry Segmentation
The performance additives market report includes:
| Type | Plastic Additives | Lubricants |
| Processing Aids (Fluoropolymer-based) | ||
| Flow Improvers | ||
| Slip Additives | ||
| Antistatic Additives | ||
| Pigment Wetting Agents | ||
| Filler Dispersants | ||
| Antifog Additives | ||
| Plasticizers | ||
| Stabilizers | ||
| Flame Retardants | ||
| Impact Modifiers | ||
| Type | Rubber Additives | Accelerators |
| Antidegradants | ||
| Blowing Agents and Adhesive Agents | ||
| Type | Paints and Coatings Additives | Biocides |
| Dispersants and Wetting Agents | ||
| Defoamers and Dearaters | ||
| Rheology Modifiers | ||
| Surface Modifiers | ||
| Stabilizers | ||
| Flow and Leveling Additives | ||
| Other Paints and Coatings Additives | ||
| Type | Fuel Additives | Deposit Control |
| Cetane Improvers | ||
| Lubricants | ||
| Antioxidants | ||
| Anticorrosion | ||
| Fuel Dyes | ||
| Cold Flow Improvers | ||
| Antiknock Agents | ||
| Other Fuel Additives | ||
| Type | Ink Additives | Rheology Modifier |
| Slip/Rub Material | ||
| Defoamers | ||
| Dispersants | ||
| Antioxidant | ||
| Chelating Agents | ||
| Other Ink Additives (Wetting Agents, Driers, and PH Modifiers) | ||
| Type | Leather Additives | Finishing Agents |
| Fat Liquors | ||
| Syntans | ||
| Other Leather Additives (Auxiliaries/Feel/Modifiers) | ||
| Type | Lubricant Additives | Dispersants and Emulsifiers |
| Viscosity Index Improvers | ||
| Detergents | ||
| Corrosion Inhibitors | ||
| Oxidation Inhibitors | ||
| Extreme-pressure Additives | ||
| Friction Modifiers | ||
| Other Lubricant Additives | ||
| Type | Adhesives and Sealants Additives | Antioxidants |
| Light Stabilizers | ||
| Tackifier | ||
| Other Adhesives and Sealants Additives | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa |
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Performance Additives Market Research FAQs
What is the current Performance Additives Market size?
The Performance Additives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Performance Additives Market?
BASF SE, Dow, AkzoNobel NV, Arkema SA and Honeywell International Inc. are the major companies operating in the Performance Additives Market.
Which is the fastest growing region in Performance Additives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Performance Additives Market?
In 2024, the Asia Pacific accounts for the largest market share in Performance Additives Market.
What years does this Performance Additives Market cover?
The report covers the Performance Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Performance Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Performance Additives Industry Report
Statistics for the 2024 Performance Additives market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Performance Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Performance Additives Report Snapshots
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