Plastic additives are added to a polymer to modify its properties. The polymers used in plastics are combined with monomeric units and are not in their pure form, but are harmless. The objective is to improve the processing characteristics and properties of plastics and to improve performance. These agents are known to have a high degree of chemical resistance. Plastic additives enable safe handling of the finished products. The stabilizing plastic additives are halogen stabilizers, ultraviolet absorbers, antioxidants and biological preservatives. So, there are processing aids such as lubricants and flow controls.
The end-uses of plastic additives are in the plastic industry and its products.For example, fire retardation plastic additives are added to the product. This is the main product for the manufacturing process. Another example is that of ultraviolet absorbers, which are added in plastic pots used in plantations, to enable resistance to ultraviolet rays. Anti-microbial plastic additives are also used in this product as well as other products, as microorganisms can decompose plastics into monomers. Lubricants minimizes both internal and external friction, helps mold release and enhance mold flow. Fillers are used to make the cost-effective. So, temperature resistance of plastics is enhanced by plastic additives. Additives facilitate the use of plastic in spacecraft due to the ability to maintain a high level of environmental protection, aerospace, aviation, automotive, consumer appliances, commodities, paints and coatings, FMCG and packaging industries.
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The global plastic additives market is forecasted to reach US $ 50 billion by 2020 and is projected to grow at a CAGR of 3.8% during the period.Germany and China are the lucrative markets due to low-cost labor and raw materials. Plasticizers is the largest return on the market of the plastic additives market valued at US $ 21.4 billion, followed by flame retardants with a CAGR of 5.4% projected for 2013-2020. The anti-microbial segment also wants to grow at a moderate rate. The plastic additive industry is energy- and capital-intensive, where gas and oil are the major raw materials. It is easy to use and hasnumerous applications that make it an adaptable industry. Asia Pacific is the world leader in the automotive industry. In addition, the Chinese and Indian automotive industries are expected to grow at 8% to 14% during the period 2014 – 2020.
Plastics surfaced as an alternative solution to replace the use of metals in a wide range of industrial and non-industrial applications such as automotive manufacturing, mechanical fasteners, medical equipment, commercial furniture and so on. Plastic additive producers are currently active in Asia Pacific. The region accounted for around 60% by 2020. Increasing awareness of the importance of natural resources in AsiaPacific. The region accounted for around 40% of the plastic additives market as of 2013, which is projected to increaseto.
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Growth prospects in the plastic additives market are in the process of investing. BASF, Chemtura Corporation, Exxon Mobil Corporation, Clariant Ltd., Bayer AGand Kaneka are some major players in the plastic additives market. The overall chemical industry has grown at around 2% to 5%, which is a positive sign for the evolving plastic additives market.
Plastic additives is an evolving industry with a wide range of property extenders, modifiers, stabilizers and processing aids. In today’s world, every activity of modern day life is influenced by plastics and it is widely dependent. Just to name a few, auto parts, medical equipment, telecommunication instruments, electronic devices, entertainment and leisure objects, insulators and other gadgets are produced from plastic, which would not be possible without plastic additives. Plastic additives are safe, offer strength, give aesthetic appearance, last longer and reduce production costs.
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