Growing Green Packaging Industry is expected to Propel Growth of the Global Green Polymer Additives Market

Pune, India, September 18, 2017 /MRFR Press Release/- Market Research Future published a Half Cooked Research Report on Global Green Polymer Additives Market.

Market Overview:

Polymer Additive is a chemical compound that is added into the polymer to modify its properties. The properties enhanced by addition of different types of additives include increased strength, durability, and resistance. Additionally, it improve thermal, electrical, and chemical stability, and flame retardation ability. Additives are selected by the types of Polymer Additive and the end use application in which it is going to be deployed. The Green Polymer Additives are made using organic or biodegradable substance. The Global Bio-Degradable Polymer Market is estimated to grow at a CAGR of ~20%, which is projected boost the growth of the Global Green Polymer Additives Market. Packaging, especially food & beverages packaging industry, is expected to fetch major share of the green polymer additives. Apart from packaging materials, the ability of green polymer additives to produce better, durable, stronger materials and at the same time bio-degradable materials such as molded containers, films, and cushioning is expected to fuel the growth of the market during the forecast period.

Competitive Analysis:

Some of the key players in the Global Green Polymer Additive Market are Emery Oleochemicals Group (Malaysia), DuPont (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), BASF SE (Germany), Lanxess A.G. (Germany), AkzoNobel N.V (Netherlands), Evonik Industries  AG (Germany), PolyOne Corporation (U.S.), Solvay S.A. (Belgium), Myriant Corporation (U.S.), and others.

Market Segmentation:

The Global Green Polymer Additive Market is segmented on the basis of type, application, and region. On the basis of type, the market is classified into plasticizers, stabilizers, fillers, flame retardants, and others. Among them, the plasticizer holds the major share of the global polymer additives market. It accounts for ~40% share of the overall green polymer additives type. This attributed to its low cost and major usage in applications in such as jacketing, floor and wall coating, and other coatings fibers. The Global Plasticizers Market is estimated grow at the highest CAGR of ~9% on account of increasing applications in packaging materials, medical devices, and consumer goods. Another important type of Green Polymer Additive is stabilizer. The stabilizer prolong the lifespan of a polymer by suppressing degradation. The stabilizers find their applications in UV stabilization of polymer, thermal, and electrical stabilization. Additionally, some typical stabilizers also act as an antioxidants. The global stabilizer market is growing at a significant rate and environmental concern may help to drive the demand for Green Polymer Additives.

Based on application, the Global Green Polymer Additive Market is segmented into packaging, automotive, biopolymer, injection molding, caps & closures, and others. The use of Green Polymer Additives in the manufacturing of green polymeric material to be used in packaging is expected to lead the overall demand. Growing environmental concerns is driving the demand for bio-degradable material. Both developing and developed countries are making regulatory policies to curb use of the synthetic packing materials, which is expected to drive the demand for Green Polymer Additives in manufacturing of bio-degradable materials. The Global Green Packaging Market is estimated grow at a CAGR of ~7% on account of the growing demand for harmless, eco-friendly, and bio-degradable packaging materials by consumers. The global automotive industry is also following the “green path” when it comes deploy biodegradable polymer materials in manufacturing of diverse automotive parts such as hose pipes, airbags, dash board covering, and impact absorber, among the others.  This, in turn, is anticipated to fuel the demand for the green polymer additive.

Regional Analysis:

The Global Green Polymer Market is segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest market in the Global Green Polymer Additives Market. It accounts for ~40% share of the market as of 2016. The U.S. is the major contributor to the regional market owing to an increasing use of green packaging and the presence of major key players.  Europe is closely following North America in terms of the market size owing to increasing research in development of green polymeric materials.  Countries namely, the U.K., Belgium, the Netherlands, and Germany are the major players in this region. Asia pacific holds relatively smaller share in the global green polymer additives on account of lack of technology development and expertise. During the forecast period the region is anticipated to grow at a considerable CAGR due to ongoing R&D activities in the field of green chemistry. In coming years, Latin America is expected to leverage upon its achievement in the field of development of green fuel to gain momentum in the Global Green Polymer Additives Industry.

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