The hottest global plastic additives market will c
2022-10-13- Detail
The global plastic additive market will continue to grow
BCC, headquartered in the United States, predicts that despite the current recession, the global plastic additive market will still show a growth trend, and the industry will undergo structural adjustment in the long term. BCC said, "the plastic additive industry bottomed out in 2007. Before that, the industry has experienced more than five years of difficult structural market changes, including the reduction of profits, and the price of raw materials is bound to become the mainstream of the development of instrumentation technology and industry in the future. The product life cycle is shortened, the market is rapidly transferred to emerging markets, and industry norms are under pressure. "According to the BCC Research Report, the global plastic additive market is expected to grow only slightly in 2009, estimated at US $37.4 billion, and the market value in 2008 was US $36.2 billion. However, it is expected that the compound annual growth rate will reach 4.1% in the next five years, and the global plastic additive market will reach US $45.8 billion by 2014. The market is subdivided into modifiers, stabilizers, enhancers and processing flame yellow additives. Among them, modifiers will have the largest market Market share, with a total market value of about $18.2 billion in 2008, is expected to increase to $18.7 billion in 2009 and $22.9 billion in 2014, with an average annual growth rate of 4.1%. The second largest segment is stabilizer. Brent Gwatney, senior vice president of 200 sales and marketing moistureshield, said that the market value generated in eight years was $12.1 billion, and it was estimated that it was $12.6 billion in 2009. The average growth rate in the next five years is 4.2%
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