Performance Additives Market Have Made +USD 75.32 billion and Expanding With 8.5% Growth Rate and Forecasting Players Like Evonik Industries, Huntsman International, Lanxess, The DOW Chemical

Performance Additives Market
Performance additives are the various chemicals that are added to the modern-day automotive gasoline and other propelling fuels to stabilize and elevate their octane level, decrease the propensity of pre-ignition, and allow for more power to be made from increased compression and advanced ignition timing. Growing demand for these chemicals from automobile and construction industries are likely to play a major role in their market growth.

The Global Performance Additives Market accounted for USD 75.32 billion in 2016 and is projected to grow at a CAGR of 8.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors: Global Performance Additives Market

Some of the major players in performance additives market include

Akzo Nobel N.V.

Altana

Arkema SA

BASF SE

Clariant

Cytec Solvay

Othter Players Are Evonik Industries AG, Huntsman International LLC, Lanxess AG, The DOW Chemical Company and many more.                       

Competitive Landscape: Global Performance Additives Market

The global performance additives market is consolidated due to the presence of a limited number of players across only North America and Europe. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

 

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Major Market Drivers:

Growing population and rapid urbanization

High demand from end-use industries

Development of multipurpose additives

 

Market Restraint:

Volatile raw material prices

Stringent environmental regulations regarding additives

 

Market Segmentation: Global Performance Additives Market

The performance additives market is segmented on the basis of type into plastic additives, paint & coatings additives, pigment additives and ink additives.

On the basis of end-use, the market is segmented into packaging, household goods, automotive, industrial and construction.

On the basis of geography, the performance additives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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