Performance Additives Market | Exactitude Consultancy Reports
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Performance Additives Market by Type (Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives), End-Use Industry (Packaging, Household Goods, Automotive, Industrial, Construction) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2022 to 2029
The global performance additives market was valued at 119.18 billion in 2022, and is projected to reach 204.25 billion by 2029, growing at a CAGR of 8.0% from 2022 to 2029
Performance additives, which are light-weight and resistant to high temperatures, chemicals, and abrasion, are used to increase the lifespan and durability of products. Among other applications, they find great applicability in paint and coatings, lubricants, and adhesives. Performance additives are another important component utilized in rubber compounding to get the desired qualities in a rubber. The market for these additives is expanding due to the quick development of the primary end markets for them, including the automotive, building & construction, and aerospace industries.
Segment Analysis
Based on type, end-use industry and geography, the global market for performance additives is divided into these categories.
On the basis of type performance additives are divided into Plastic Additives, Paint & Coatings Additives, Pigment Additives, Ink Additives. additives are applied during the production process to enhance the polymer’s processing capabilities, functionality, and appearance. Several industries, including healthcare and consumer goods, as well as packaging, automotive, household goods, and electronics, have found extensive use for plastic additives. Materials are given color by adding pigments, which are chemicals.
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