Global plastic additives market will continue to g

2022-06-24
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The global plastic additive market will continue to grow

BCC, headquartered in the United States, predicts that despite the current recession, the global plastic additive market will still show a growth trend, and the industry will undergo structural adjustment for a long time. BCC said, "the plastic additive industry bottomed out in 2007. Before that, the industry had experienced more than five years of difficult structural market changes, including reduced profits, rapid rise in raw material prices, shortened product life cycle, rapid transfer of the market to emerging markets, and pressure from industry norms. "According to the BCC Research Report, the global plastic additive market is expected to grow only slightly in 2009, estimated to be US $37.4 billion, and the market value in 2008 is US $36.2 billion. However, it is expected that the compound annual growth rate will reach 4.1% in the next five years, and the global plastic additive market will reach US $45.8 billion by 2014. The market is divided into modifiers, stabilizers, enhancers and processing flame yellow additives. Among them, modifiers will have the largest market share Market share, with a total market value of about US $18.2 billion in 2008, is expected to increase to US $18.7 billion in 2009 and US $22.9 billion in 2014, with an average annual growth rate of 4.1%. The second largest segment is stabilizer. Brent Gwatney, senior vice president of 200 sales and marketing moistureshield, said that the market value generated in 8 years was US $12.1 billion, and it is estimated that it was US $12.6 billion in 2009. The average growth rate in the next five years will be 4.2%

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