Global plastic additives market estimated to grow to US$45.5 bin by 2019

摘要

THE plastic additives market is projected to register a CAGR of 5% between 2014 and 2019 to reach $45.5 Billion by 2019, as per MarketsandMarkets. Asia-Pacific dominated the plastic additives market in 2013 and accounted for over 40% of the market share, by volume. Country-wise, China is projected to be the top consumer of plastic additives globally by 2019, and is estimated to register a high CAGR between 2014 and 2019 for plastic additives market. The U.S. is currently the largest plastic additives consumer in the world but is anticipated to be outcaste by China in the near future. The demand for the plastic additives is driven by the diverse applications ranging from packaging, construction, consumer goods, and automotive among others.