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Performance Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Type (Plastic Additives, Rubber Additives, Paints and Coatings Additives, Fuel Additives, Ink Additives, Leather Additives, Lubricant Additives, and Adhesives and Sealants Additives) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

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Performance Additives Market Size

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Performance Additives Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Performance Additives Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Performance Additives Market Analysis

The performance additives market is expected to register a CAGR of more than 8% during the forecast period. The major factors driving the growth of the market studied are the replacement of conventional materials by plastics in several applications, and increasing demand for plastic in emerging nations. On the flip side, the stringent governmental regulations on plastic usage, and depleting natural resources, such as oil andgas, are some of the factors hampering the growth of the studied market.

  • The plastic additives segment dominated the market and is likely to grow during the forecast period, with the increasing application of plastic in various end-user industries, such as construction, automotive, consumer goods, and packaging.
  • The research to develop bio-based additives is likely to provide opportunities for the studied market, during the forecast period.
  • Asia-Pacific dominated the market across the world, owing to the high demand for plastics, paints andcoatings, rubber, leather, automotive, packaging, and adhesives andsealants from numerous end-user industries in the region.

Performance Additives Market Trends

This section covers the major market trends shaping the Performance Additives Market according to our research experts:

Plastic Additives Segment to Dominate the Market Demand

  • Plastic additives segment dominated the performance additives market. Plastic additives find extensive application in lubricants, plasticizers, stabilizers, flame retardants, anti-fog additives, pigment wetting agents, and others.
  • Plastic additives' demand for such applications is expected to increase, owing to their growing demand from industries, such as paints andcoatings, adhesives andsealants, plastic, packaging, and automotive.
  • The Asia-Pacific and North American regions have been witnessing strong growth in residential construction. Besides, Asia-Pacific and Middle East & Africa are experiencing huge domestic, as well as foreign, investments for setting up industrial units, hospitals, malls, multiplexes, hospitality industry, and IT sectors.
  • In Asia-Pacific, countries, such as India, Indonesia, Thailand, and Malaysia, have been witnessing an increase in investments and production in the automotive industry. Besides, regions, like North America and Europe, are investing heavily in developing lightweight, hybrid, and greener vehicles.
  • Moreover, the packaging industry is also growing at a significant rate, owing to the growing demand from industries, such as food andbeveragesand consumer goods. E-retail has further driven the growth of the packaging industry in recent years, and the trend is likely to continue over the coming years.
  • Hence, all such favorable trends are expected to increase the demand for paints andcoatings, lubricants, adhesives, andsealants, etc., which isfurther projected to create demand for additives, during the forecast period.
Performance Additives Market key Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share. Rising production in industries, such as paints and coatings, plastics, inks, automotive, and electronics, and growing construction activities in the region, have been increasing the consumption of performance additives in the region, during the forecast period.
  • With growing investments into the residential and commercial construction in the countries, such as India, China, the Philippines, Vietnam, and Indonesia, the demand for paints, coatings, plastic, and adhesives and sealants is expected to increase in the coming years.
  • China has planned numerous airport construction projects, which are currently either in the planning or development phase. Besides, the Indian government has planned to construct 100 airports by 2032. The Indian government's plan to invest USD 120.5 billion for developing 27 industrial clusters is also expected to boost commercial construction in the country. Besides, residential construction is also increasing in countries, such as India, Indonesia, Vietnam, and Singapore.
  • Online retail shopping is increasing at a higher rate with rising internet technologies and web applications, which has largely supported the growth of the packaging industry in the region. Moreover, the demand for food and beverages and consumer goods is growing at a high rate, due to the increasing income levels, urbanization, and consumers inclining toward technology, hence, fueling the demand for the packaging industry in the region.
  • Hence, such trends in the end-user industries are likely to drive the demand for performance additives in the region, during the forecast period.
Performance Additives Market Growth Rate

Performance Additives Industry Overview

The performance additives market is consolidated, where few major players hold a significant share of the market demand. Some of the major players in the market include BASF SE, Dow, AkzoNobel NV, Arkema SA, and Honeywell International Inc. amongst others.

Performance Additives Market Leaders

  1. BASF SE

  2. Dow

  3. AkzoNobel NV

  4. Arkema SA

  5. Honeywell International Inc.

*Disclaimer: Major Players sorted in no particular order

BASF SE, Dow, AkzoNobel NV, Arkema SA, Honeywell International Inc.
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Performance Additives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Replacement of Conventional Materials by Plastics in Several Applications

      2. 4.1.2 Increasing Demand for Plastic in Emerging Nations

    2. 4.2 Restraints

      1. 4.2.1 Stringent Governmental Regulations on Plastic Usage

      2. 4.2.2 Depleting Natural Resources, such as Oil and Gas

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Plastic Additives

        1. 5.1.1.1 Lubricants

        2. 5.1.1.2 Processing Aids (Fluoropolymer-based)

        3. 5.1.1.3 Flow Improvers

        4. 5.1.1.4 Slip Additives

        5. 5.1.1.5 Antistatic Additives

        6. 5.1.1.6 Pigment Wetting Agents

        7. 5.1.1.7 Filler Dispersants

        8. 5.1.1.8 Antifog Additives

        9. 5.1.1.9 Plasticizers

        10. 5.1.1.10 Stabilizers

        11. 5.1.1.11 Flame Retardants

        12. 5.1.1.12 Impact Modifiers

      2. 5.1.2 Rubber Additives

        1. 5.1.2.1 Accelerators

        2. 5.1.2.2 Antidegradants

        3. 5.1.2.3 Blowing Agents and Adhesive Agents

      3. 5.1.3 Paints and Coatings Additives

        1. 5.1.3.1 Biocides

        2. 5.1.3.2 Dispersants and Wetting Agents

        3. 5.1.3.3 Defoamers and Dearaters

        4. 5.1.3.4 Rheology Modifiers

        5. 5.1.3.5 Surface Modifiers

        6. 5.1.3.6 Stabilizers

        7. 5.1.3.7 Flow and Leveling Additives

        8. 5.1.3.8 Other Paints and Coatings Additives

      4. 5.1.4 Fuel Additives

        1. 5.1.4.1 Deposit Control

        2. 5.1.4.2 Cetane Improvers

        3. 5.1.4.3 Lubricants

        4. 5.1.4.4 Antioxidants

        5. 5.1.4.5 Anticorrosion

        6. 5.1.4.6 Fuel Dyes

        7. 5.1.4.7 Cold Flow Improvers

        8. 5.1.4.8 Antiknock Agents

        9. 5.1.4.9 Other Fuel Additives

      5. 5.1.5 Ink Additives

        1. 5.1.5.1 Rheology Modifier

        2. 5.1.5.2 Slip/Rub Material

        3. 5.1.5.3 Defoamers

        4. 5.1.5.4 Dispersants

        5. 5.1.5.5 Antioxidant

        6. 5.1.5.6 Chelating Agents

        7. 5.1.5.7 Other Ink Additives (Wetting Agents, Driers, and PH Modifiers)

      6. 5.1.6 Leather Additives

        1. 5.1.6.1 Finishing Agents

        2. 5.1.6.2 Fat Liquors

        3. 5.1.6.3 Syntans

        4. 5.1.6.4 Other Leather Additives (Auxiliaries/Feel/Modifiers)

      7. 5.1.7 Lubricant Additives

        1. 5.1.7.1 Dispersants and Emulsifiers

        2. 5.1.7.2 Viscosity Index Improvers

        3. 5.1.7.3 Detergents

        4. 5.1.7.4 Corrosion Inhibitors

        5. 5.1.7.5 Oxidation Inhibitors

        6. 5.1.7.6 Extreme-pressure Additives

        7. 5.1.7.7 Friction Modifiers

        8. 5.1.7.8 Other Lubricant Additives

      8. 5.1.8 Adhesives and Sealants Additives

        1. 5.1.8.1 Antioxidants

        2. 5.1.8.2 Light Stabilizers

        3. 5.1.8.3 Tackifier

        4. 5.1.8.4 Other Adhesives and Sealants Additives

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Adeka Corporation

      2. 6.4.2 AkzoNobel NV

      3. 6.4.3 Arkema SA

      4. 6.4.4 Asahi Glass Co. Ltd

      5. 6.4.5 Ashland Inc.

      6. 6.4.6 Baerlocher GmbH

      7. 6.4.7 BASF SE

      8. 6.4.8 Clariant AG

      9. 6.4.9 Dow

      10. 6.4.10 Eastman Chemical Company

      11. 6.4.11 Evonik Industries AG

      12. 6.4.12 ExxonMobil Corporation

      13. 6.4.13 Mitsui Chemicals

      14. 6.4.14 Hexion Inc.

      15. 6.4.15 Performance Additives

      16. 6.4.16 Lubrizol Corporation (Berkshire Hathaway)

      17. 6.4.17 Huntsman Corporation

      18. 6.4.18 Cytec Solvay

      19. 6.4.19 Lanxess AG

      20. 6.4.20 Honeywell International Inc.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Research to Develop Bio-based Additives

**Subject to Availability
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Performance Additives Industry Segmentation

The performance additives market report includes:

Type
Plastic Additives
Lubricants
Processing Aids (Fluoropolymer-based)
Flow Improvers
Slip Additives
Antistatic Additives
Pigment Wetting Agents
Filler Dispersants
Antifog Additives
Plasticizers
Stabilizers
Flame Retardants
Impact Modifiers
Rubber Additives
Accelerators
Antidegradants
Blowing Agents and Adhesive Agents
Paints and Coatings Additives
Biocides
Dispersants and Wetting Agents
Defoamers and Dearaters
Rheology Modifiers
Surface Modifiers
Stabilizers
Flow and Leveling Additives
Other Paints and Coatings Additives
Fuel Additives
Deposit Control
Cetane Improvers
Lubricants
Antioxidants
Anticorrosion
Fuel Dyes
Cold Flow Improvers
Antiknock Agents
Other Fuel Additives
Ink Additives
Rheology Modifier
Slip/Rub Material
Defoamers
Dispersants
Antioxidant
Chelating Agents
Other Ink Additives (Wetting Agents, Driers, and PH Modifiers)
Leather Additives
Finishing Agents
Fat Liquors
Syntans
Other Leather Additives (Auxiliaries/Feel/Modifiers)
Lubricant Additives
Dispersants and Emulsifiers
Viscosity Index Improvers
Detergents
Corrosion Inhibitors
Oxidation Inhibitors
Extreme-pressure Additives
Friction Modifiers
Other Lubricant Additives
Adhesives and Sealants Additives
Antioxidants
Light Stabilizers
Tackifier
Other Adhesives and Sealants Additives
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Performance Additives Market Research FAQs

The Performance Additives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

BASF SE, Dow, AkzoNobel NV, Arkema SA and Honeywell International Inc. are the major companies operating in the Performance Additives Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Performance Additives Market.

The report covers the Performance Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Performance Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Performance Additives Industry Report

Statistics for the 2024 Performance Additives market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Performance Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Performance Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)