According to a recently published report by Brisk Insights, the Plastic Additives Market is expected to grow at the CAGR of 4.63% during 2015-2022. The global Plastic additives market is segmented on the basis of application, type, plastic type and geography. The report on global plastic additives market forecast 2015-2022 provides detailed overview and predictive analysis of the market.
There are many factors driving the market some of them are rising urbanization and disposable income, also today many conventional materials are replaced by plastics this in turn is increasing the demand of plastic additives in the market. One of the major reason for the rise in the demand of plastic additives is the rising application in the agricultural and pharmaceutical market. Asia pacific is growing at a fast rate and most of the emerging economies are untapped by this industry and this is a big opportunity for the market. Another major opportunity for the industry is the emergence of bio-fertilizers, Demand of this product is also steadily rising and expected to be share a bigger space in future.
Full report available global Plastic additives market forecast 2015-2022 report at http://www.briskinsights.com/report/plastic-additives-market-forecast-2015-2022
Some of the factors acting as restraint for the market are stringent rules and regulations governing the market and slow economic recovery. Disposal of plastic wastes is a big challenge for the industry and better strategies are needed in the field.
Some of the major players of the industry are Songwon Industrial Co. Ltd., Albemarle Corporation, BASF SE, Clariant AG, The DOW Chemical Company, Bayer AG etc.