Global plastics additive market expected to grow at CAGR of 4.1% pa till 2014

29-Jun-09

The global market for plastics additives is expected to increase from US$36.2 bln in 2008 to an estimated US$37.4 bln in 2009, and US$45.8 bln in 2014, at a compound annual growth rate (CAGR) of 4.1% as per a report by Reportlinker. Property modifiers have the largest share of the market, worth US$18.2 billion in 2008 and an estimated US$18.7 billion in 2009. This is expected to increase at a CAGR of 4.1% to reach US$22.9 billion in 2014. The property stabilizers segment is the second largest, generating US$12.1 billion in 2008 and an estimated US$12.6 billion in 2009. This segment should reach $15.4 billion in 2014, for a CAGR of 4.2%.