Green Polymer Additive Market 2022 technology development demand overview industry growth rate top companies and key regions
Market Synopsis:
Polymer additives are
components, added to the polymer to
modify its properties such as plasticity, temperature, and chemical resistance,
colorants, and others. Polymers include lubricants,
plasticizers, viscosity modifiers, antistatic and antifogging agents, and
others. Polymer additives enhance properties
of the polymer to make it suitable for
specific applications. The global green polymer Market is anticipated to grow
at a CAGR of 7 % during the forecast period.
Market Dynamics:
Demand For Green
Plastics And Environmental Concerns Are The Prime determinants Of The Market
A spate of environmental laws exemplified by the European Union forbidding the
use of di-octyl phthalate in polymers owing to demand economically sustainable chemical
products. Green
Polymer Additives Market are biodegradable additives, which enable the formation of green polymers and help mitigate
environmental concerns.
The demand for substituting petroleum-based
additives due to environmental concerns over growing plastic pollution,
renewable nature, low toxicity and public acceptance of green polymers is another driver of
the market. The development of renewable epoxidized soybean oil (ESO)
technology based additives is creating a demand for green polymers in the market.
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Enactment
of regulations such as the registration, evaluation, authorization, and
restriction of chemicals act (REACH) is another driver of the market. These
regulations promote the use of eco-friendly chemicals and restrict harmful
chemicals. Another regulation driving the market is Clean Air Act.
Technological And Product
Development Strategies Is Expected To Yield High Dividends
Due to
its attractive benefits such as renewable, and biodegradability, poly-lactide
acid (PLA) is considered as a very promising ecological, bio-sourced and
biodegradable plastic materials. Research is ongoing in biopolymer made of
lignin, abundant natural material and a
byproduct of the paper industry. Such developments are expected to possess the most massive market opportunity.
The high cost of
bio-polymer additives and fluctuation in the price
of stock materials is expected to dent the market
The high cost of biopolymer
additives and fluctuations in
stock materials is a restraint on the market.
The concerns of food security need to be mitigated. However, the growing usage of eco-friendly packaging materials is
expected to overcome the constraints.
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Dominant Vendors:
The
prominent players in the global green polymer additive market are Solvay S.A.
(Belgium), Evonik Industries AG (Germany), DuPont (U.S.), Clariant AG
(Switzerland), The Dow Chemical Company (U.S.), Myriant Corporation (U.S.), BASF
SE (Germany), Lanxess A.G. (Germany), AkzoNobel N.V (Netherlands), PolyOne
Corporation (U.S.), Emery Oleochemicals Group (Malaysia), and others
Regional Analysis:
North America
dominates the global green polymer additive market holding 40 % of the market
share in 2016 owing mainly to consumers awareness
and increasing appeal for green and eco-friendly packaging. The presence of significant players and technological
advancements in Europe drives its second position of the global green polymer
additive market after North America. The U.K, Germany, Belgium, and the
Netherlands account for the most significant
market share of the region.
Asia Pacific is
expected to gain momentum in the field of green chemistry owing to ongoing
R&D activities. Latin America success of producing green fuel such as
bioethanol and biodiesel is expected to present it with a significant market opportunity. The Middle East & African market
is supposed to be led by Gulf economies
of Saudi Arabia, UAE, Kuwait, and Qatar.
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Segmentation:
To
gain a broad picture of the global green polymer additives market, the report is segmented
by type, ingredient, application, and
region.
Based on the type, the market is divided into plasticizers, stabilizers, fillers, flame
retardants, antioxidants, and others.
Based
on the applications, the market is segmented into
packaging, automotive, biopolymer, injection molding, caps & closures, and others.
Based
on regions, the market is segregated into North America, Europe, Asia Pacific,
Latin America, and the Middle East & Africa.
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