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Global Green Polymer Additive Market Analysis Trends, Growth & New Opportunity Forecast To 2023

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By Author: Nikhil khadilkar
Total Articles: 540
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Polymer Additives Market are the minor components, which are added into the polymer to modify some of its properties. They are majorly used to enhance properties of polymer to make it suitable for a specific application. It includes lowering the glass transition temperature of polymer to make it softer, fillers to increase density and make polymer cheaper, oil components to improve rheology of polymer and flame retardants to enhance thermal stability of a polymer.

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Growing consumer awareness regarding negative impacts of synthetic products on human body and natural environment.
The focus of consumers is changing from sedentary to healthier lifestyle, not only when it comes to eating healthy but also using biodegradable non-consumable products. One of the major factors driving the growth of the Global Green Polymer Additives is enhanced usage of eco-friendly packaging. The Global Green Packaging Market is estimated to grow at a CAGR of ~7% during the forecast period, which is expected fuel the demand for the green additives. Additionally, the goal of sustainable development is driving the focus towards conservation of resources for future generations and exploit renewable and degradable sources. This, in turn, is expected to propel the growth of the Global Green Polymer Additives Market. However, the major bottleneck identified is a technological constraint, which leads to an increased cost of production of such green products. Nevertheless, ongoing research in the field of green chemicals would help to find the way through this bottleneck in coming years.

Key Players:

The prominent players in the Global Green Polymer Additive Market are Emery Oleochemicals Group (Malaysia), DuPont (U.S.), Clariant AG (Switzerland), The Dow Chemical Company (U.S.), BASF SE (Germany), Lanxess A.G. (Germany), AkzoNobel N.V (Netherlands), Evonik Industries AG (Germany), PolyOne Corporation (U.S.), Solvay S.A. (Belgium), Myriant Corporation (U.S.) and others

Segmentation:

The Global Green Polymer Additives Market is segmented on the basis of type, ingredient, application, and region. Based on type, the market is divided into plasticizers, stabilizers, fillers, flame retardants, antioxidants, and others. Furthermore, based on applications, the green polymer market is segmented into packaging, automotive, biopolymer, injection molding, caps & closures, and others. The global green polymer additive market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Regional Analysis:

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the five key regions in Green Polymer Additive Market. Among them, North America is anticipated to dominate the Global Green Polymer Additive Market holding 40% of the market share as of 2016.

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Growing demand for green packaging increases the demand for Green Polymer Additive in the region. Mature and aware consumers in this region is increasingly appeal for green and eco-friendly packaging. The U.S is the largest market in this region due to the presence of major key players and technological advancements. Europe tends to occupy a significant share in the Global Green Polymer Additive Market after North America. This is attributed to an increasing research and development of Green Polymer and plastic products.

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