plastic additives market report 2021 Analysis by Key Players, Applications, Growth Trends and Share to 2027
Market Scenario The plastic additives market is predicted to touch a revenue of USD 900 billion by the end of 2023. The market is anticipated to expand at a staggering CAGR over the assessment period (2018-2023) owing to the increasing awareness of the consumers regarding food contamination, asserts Market Research Future (MRFR). Plastic additives are significant chemical components which are added to polymer or plastic to modify, alter, and enhance its chemical and physical properties. The end-product which is obtained after the addition of additives exhibit physical properties such as increased density, lower glass transition temperature, and reduced weight. Drivers and Restraints Impacting the Market Plastic additives serve almost all end-user industries where polymer products are in use. With the growing consumer awareness regarding food contamination from containers along with loose sold food products are driving the market growth over the forecast period. Also, the shifting con