Plastic Resins is fastest growing segment fueling the growth of Plastic Additives Market
The global Plastic Additives Market is estimated to be valued at US$ 45.94 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Plastic additives are used to enhance the properties and performance of plastics. They improve properties such as durability, heat resistance and lifespan of plastics. With growing demand for plastics in various applications, plastic additives play a vital role in modulating plastic's properties as per the application requirement. Market key trends: One of the key trends in the plastic additives market is the growing demand for bio-based plastic additives. Strict regulations regarding the use of phthalate plasticizers and environmental pollution caused due to plastics disposal have increased focus on development of sustainable alternatives. Bio-based plasticizers are plant-derived additives that enhance plastic's prope...