Green Polymer Additive Market Analysis

Global Green Polymer Additive Market Overview

Green Polymer Additive Market Size was valued at USD 2.02 Billion in 2023. The Green Polymer Additive industry is projected to grow from USD 2.30 Billion in 2024 to USD 3.64 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.76% during the forecast period (2024 - 2032). The increasing demand for sustainable and eco-friendly products on account of the rapid urbanization and increased consumer spending on sustainable products across the globe are driving market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Green Polymer Additive Market Trends

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  Rise in demand for sustainable and eco-friendly products represents one of the major factors to boost market growth globally

  
  

Green polymers are produced from renewable or synthetic materials. Green polymers are environmentally friendly because they doe not consist of any harmful chemicals, residues, or toxins. Polymer additives include various products—such as lubricants, plasticizers and viscosity depressants, antistatic and antifogging agents, and release agents; these are the major sustainable products in the green polymer additives market. Several sustainable products are made up of sustainable materials and formulated to optimize production and improve efficiency. The key factor driving the growth of the Green Polymer Additive Market is increasing consumers' awareness of sustainable products and rapidly increasing appeal for green and eco-friendly products.

PVC plasticizers play a crucial role in the green polymer additives market; they are also known as non-phthalate plasticizers. PVC plasticizers are environmentally friendly and have a wide range of applications in packaging and food utensils and containers in various end-use industries.  These increase the viscosity and plasticity of materials and are usually combined with polyvinyl chloride (PVC) or other polymers to impart unique properties. Hence, PVC plasticizers are expected to propel market growth.

For instance, Emery Oleochemicals provides high-performance and renewable polymer additive materials under the brands LOXIOL, EDENOL, and EMEROX. The company offers high-quality and reliable products for the plastic industry under these brands. The company also focuses on innovating products. Therefore, the increasing inclination of manufacturers toward sustainable and eco-friendly products is driving market growth.

Additionally, going green is the biggest ongoing trend in the industry during the assessment period. Many specialty chemicals manufacturers use green polymer additives such as lubricant, anti-block and slip agents, and other products at their production plants. Moreover, the biopolymer material is the most promising environmentally friendly polymer across various end-use industries.

Thereby, increasing consumer interests and green trends are anticipated to promote the global demand for green polymer additives market products over the forecast period.

In 2023, the German chemical company BASF announced the introduction of the first biomass balanced plastic additives, which can lower a product's carbon footprint by up to 60%. Renewable feedstocks are used in the production of the new plastic additives, rather as fossil fuel-based feedstock. As a result, these unique product solutions can help businesses meet their sustainability goals, such as lowering carbon emissions.

Green Polymer Additive Market Segment Insights

Green Polymer Additive Product Insights

The Green Polymer Additive Market segmentation, based on Product, the global market has been divided into Plasticizer, Stabilizers, Lubricants, Flame Retardants, Antioxidants, Antistatic Agents, Antifogging Agents and Others. In 2021, the plastizers segment accounted for the larger share of 40.08% with respect to the Green Polymer Additive Market revenue. It was valued at USD 734.51 million in 2021 and is expected to reach USD 1,216.93 million with a 6.97% CAGR by 2028. This is primarily owing to the surging demand for green polymer additives in various end use industries. The growing consumption of green polymer additive owing to the rise in population is accelerating the growth of green polymer additive during the forecast period.

Figure 2: Green Polymer Additive Market, by Product, 2021 & 2023 (USD Million)In April 2021, BASF announced the launch of its biomass balanced (BMB) plasticizer, produced with biogas or bio-naphtha. Its new portfolio comprises Hexamoll DINCH BMB, Palatinol N BMB, Palatinol 10-P BMB, and Plastomol DOA BMB. These materials are derived from vegetable oils or organic wastes and have a lower carbon footprint than conventional sources.

Green Polymer Additive End Use Industry Insights

Based on End Use Industry, the global green polymer additive industry has been segmented into packaging, building & construction, automotive, electronics & consumer goods and others. In 2021, by value, the packaging segment dominated the global market with a share of 42.23%. The growing concern of the use of suitable packaging materials with improved mechanical, thermal, and barrier properties to prevent contamination is fueling the growth of the packaging sector.

The second fastest-growing segment in the green polymer additive industry is building & construction. The rise in population is growing the construction activities across regions and eventually expected to play a key role in the green polymer additive market.

In April 2021 Clariant launched its new high-end sustainable additive solutions for plastics— AddWorks PKG 906. Clariant introduces the advantages of AddWorks PKG 906 Circle, a proprietary polymer stabilizer used to increase plastic waste recycling in polyolefin film manufacturing, to China’s greenhouse film market.

Green Polymer Additive  Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific green polymer additive market accounted for USD 748.26 million in 2021 and is expected to exhibit a 7.40% CAGR during the study period. The increasing disposable income drives the sales of green polymer additives for use in the automotive industry for various applications, including cars, tarps for trucks, and car seats.

Moreover, the china Green Polymer Additive market held the largest market share, and the India Green Polymer Additive market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Green Polymer Additive Market Share by Region 2021 and 2028 (USD MILLION)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Europe green polymer additive market is expected to grow at a CAGR of 6.97% from 2022 to 2030. This is due to the increasing demand for sustainable and eco-friendly products. Moreover, the German green polymer additive market held the largest market share, and the France green polymer additive market was the fastest-growing market in the European region.

North America's green polymer additive market accounts for the third-largest market share due to the Increasing demand for natural food ingredients. Further, the US green polymer additive market held the largest market share, and the Canadian green polymer additive market also holds a significant market share in the North American region.

Green Polymer Additive  Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Green Polymer Additive market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Green Polymer Additive industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global Green Polymer Additive industry to benefit clients and expand the green polymer additive market sector is to manufacture locally to reduce operating costs. In recent years, green polymer additive has come up with various features with some of the most significant benefits.

Emery Oleochemicals is a global green polymer additive manufacturing company committed to improving the lives of people through advancement in green polymer additive technologies, services, and solutions. In July 2021, Emery Oleochemicals announced its membership to Additive Manufacturing Nordwest e.V. (AMN ), an association for additive manufacturing. The members of AMN represent the entire value chain, from design to production of 3D models with various methods, as well as the industrial end-use of the 3D printed products. As a part of this network, the Green Polymer Additives business unit of Emery Oleochemicals will collaborate and partner with other professionals in the industry to share knowledge and learn more about the latest technical developments in 3D printing. 

Key Companies in the Green Polymer Additive Market include

• Emery Oleochemicals (US)


• DuPont De Nemours, Inc. (US)


• Clariant AG (Switzerland)


• Dow (US), BASF SE (Germany)


• Lanxess (Germany)


• AkzoNobel NV (Netherlands)


• Evonik Industries AG (Germany)


• PolyOne Corporation (US)


• Solvay (Belgium)


• GC Innovation America (US)


• Arkema Inc (France)

Green Polymer Additive  Industry Developments

In June 2021 Arkema invested in its ERPRO 3D FACTORY  (E3DF), a French company engaged in additive manufacturing. Since 2017, the company has produced more than 19 million parts, most of which have been made with 100% bio-based Polyamide 11 powder. The investment will gain new expertise and accelerate the development of new applications for its high-performance polymers.

In March 2021 The Green Polymer Additives business unit of Emery Oleochemicals have developed a binder system for 3D printing of sinterable metals and ceramics to further broaden the material portfolio available for the 3D printing industry.

In February 2021 Palsgaard opened a new 10,000 tons pellet line and expanded the production capacity of its plant-based polymer additives brand—Einar. These additives are sustainable alternatives to conventional fossil-based additives.

In June 2020 Palsgaard announced an investment of USD 118.05 million in its Danish facility to more than twice the production capacity by 2024. The expansion adds an emulsifier pellet line.

In March 2020 Clariant’s Additives business, in collaboration with Floreon-Transforming Packaging Ltd., announced plans to further extend the performance properties and market potential of biopolymers. The collaboration seeks to open up additional opportunities for manufacturers and brand owners of plastic to consider biopolymers as a sustainable, low carbon footprint alternative for fossil-based plastics for durable applications.

Green Polymer Additive Market Segmentation

Green Polymer Additive Product Outlook

• Plasticizers


• Stabilizers


• Lubricants


• Flame Retardants


• Antioxidants


• Antistatic Agents


• Antifogging Agents


• Others

Green Polymer Additive End Use Industry Outlook

• Packaging


• Building & Construction


• Automotive


• Electronics & Consumer Goods


• Others

Green Polymer Additive Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia & Newzeland
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America