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The plastic additives market comprises segments, including plasticizers, stabilizers, flame retardants, impact modifiers and processing aids, and others (includes antiblock, antistatic, slip, antimicrobial, antifog, and conductive additives, nucleating agents, blowing agents, and scavengers). By end-use industry type, the market has been divided into construction, automotive, consumer goods, packaging, and others (electrical and electronics and medical). Main end-product families covered in this study are Commodity Thermoplastics (CTP) and others (engineering plastics and thermoplastic elastomers).

Additives form an integral part of the polymer industry. They are extensively used to modify the properties of the plastic products during the compounding and processing stages. These materials are greatly valued across different end-use industries that extensively use plastic products, including construction, automotive, consumer goods, packaging, medical, and electrical and electronics. Thus, with the rising consumption of plastic products, the overall market for plastic additives is also expected to witness strong growth in the future. Development of sustainable and value-added plastic additives will gain momentum worldwide, thereby, driving the revenue growth of the plastic additives market. Although the COVID-19 pandemic severely disrupted the overall plastic additives market in 2020, consumption has started to bounce back in 2021, followed by economic recovery and resumption of manufacturing activities. However, pre-pandemic levels of consumption will be attained only by 2023.