Additives Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Plastic Additive, Food Additive, Construction Additive, Lubricant Additive, Fuel Additive, Coating Additive, Agrochemical Additive, Medicated Feed Additive & Others), By End User (Packaging, Food & Beverage, Building & Construction, Chemical, Automotive, Aerospace, Animal Husbandry, Others), and Region Forecast 2019-2030

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Additives Market size was valued at USD 163.9 billion in 2023 and is projected to grow at 5.1% CAGR from 2024–2030. An additive is an active ingredient added to a product to enhance certain aspects including productivity, shelf life, texture, performance, and efficiency, different kinds of additives in the market are coating, lubricant, fuel, food, plastic, agrochemical, and building additives. Polymer is combined with composite elements known as plastic additives to create plastic products that are utilised in applications like prosthetic hip joints, dashboards, steering wheels, synthetic bumpers, and hypodermic syringes. The expansion of the food and packaging industries as well as the growing use of lightweight materials in the automotive sector are the main key drivers for the growth of the global additives market.

Additionally, there is a greater demand for packaged food and beverage goods due to increased awareness of hygienic eating options. Increasing adverse consequences like headaches, nausea, eye redness, and nausea by usage of additives may hamper the growth of global additives market and also the usage of chemicals in a variety of meals can result in decrease of the additives market growth and huge product costs and banning of its use in developed western countries can be challenging for the global industry growth of additives market. Growing penetration of the product like coating additives, lubricant additives in the construction and automotive sector to open new market growth avenues across the globe is a key opportunities in additives market. However, the use of additives in animal husbandry like adding additives in feed and water of animals to improve their gut and overall performance of health and also using natural additives in animal husbandry is creating a trend in the growth of additives market.

Additives Market Key Developments

  • In February 2022, BASF SE, released RegXcellence service for customers using plastic additives, additionally, by providing online solutions, they are opening up new avenues for innovation for companies involved in the plastic additives market.

Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.1%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Additives Market Dynamics

Plastic additives are reportedly used in a wide range of products, such as dashboards, hypodermic syringes made of plastic, synthetic bumpers, prosthetic hip joints, and steering wheels, the growing population has led to an increase in the demand for both personal and commercial automobiles which will increase the demand for the production of plastic additives.

The noteworthy attributes of plastic additives, including its high strength, durability, impact resistance, flame resistance, and lightweight nature, render it a perfect material for manufacturing diverse automotive parts, including consoles, roof rails, bumpers, and other components.

Additives Market Segmentation

By Product Type

  • Plastic Additive
  • Food Additive
  • Construction Additive
  • Lubricant Additive
  • Fuel Additive
  • Coating Additive
  • Agrochemical Additive
  • Medicated Feed Additive
  • Others

By End User

  • Packaging
  • Food & Beverage
  • Building & Construction
  • Chemical
  • Automotive
  • Aerospace
  • Animal Husbandry
  • Others

Geography

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The global additives market size was valued at US$ 163.9 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.

Food additives segment is accounted for the largest share in the additives market.

The additives market is segmented on the basis of product type, end- use and region.

The key market players of the additives market are BASF SE, Clariant AG, Dow Inc, Evonik Industries AG, Lanxess AG, Eastman Chemical Company.

Asia Pacific has the fastest CAGR growth rate in additives market.

Key Features of the Report

  • The additives market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Additives Market Introduction 
2.1.Global Additives Market  - Taxonomy
2.2.Global Additives Market  - Definitions
2.2.1.Product Type
2.2.2.End User
2.2.3.Region
3.Global Additives Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Additives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Additives Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Plastic Additive
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Food Additive
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Construction Additive
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Lubricant Additive
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Fuel Additive
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Coating Additive
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Agrochemical Additive
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Medicated Feed Additive
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
5.9. Others
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market Opportunity Analysis 
6.Global Additives Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Packaging
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Food & Beverage
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Building & Construction
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Chemical
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Automotive
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Aerospace
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Animal Husbandry
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
7.Global Additives Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Plastic Additive
8.1.2.Food Additive
8.1.3.Construction Additive
8.1.4.Lubricant Additive
8.1.5.Fuel Additive
8.1.6.Coating Additive
8.1.7.Agrochemical Additive
8.1.8.Medicated Feed Additive
8.1.9.Others
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Packaging
8.2.2.Food & Beverage
8.2.3.Building & Construction
8.2.4.Chemical
8.2.5.Automotive
8.2.6.Aerospace
8.2.7.Animal Husbandry
8.2.8.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Plastic Additive
9.1.2.Food Additive
9.1.3.Construction Additive
9.1.4.Lubricant Additive
9.1.5.Fuel Additive
9.1.6.Coating Additive
9.1.7.Agrochemical Additive
9.1.8.Medicated Feed Additive
9.1.9.Others
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Packaging
9.2.2.Food & Beverage
9.2.3.Building & Construction
9.2.4.Chemical
9.2.5.Automotive
9.2.6.Aerospace
9.2.7.Animal Husbandry
9.2.8.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Plastic Additive
10.1.2.Food Additive
10.1.3.Construction Additive
10.1.4.Lubricant Additive
10.1.5.Fuel Additive
10.1.6.Coating Additive
10.1.7.Agrochemical Additive
10.1.8.Medicated Feed Additive
10.1.9.Others
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Packaging
10.2.2.Food & Beverage
10.2.3.Building & Construction
10.2.4.Chemical
10.2.5.Automotive
10.2.6.Aerospace
10.2.7.Animal Husbandry
10.2.8.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Plastic Additive
11.1.2.Food Additive
11.1.3.Construction Additive
11.1.4.Lubricant Additive
11.1.5.Fuel Additive
11.1.6.Coating Additive
11.1.7.Agrochemical Additive
11.1.8.Medicated Feed Additive
11.1.9.Others
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Packaging
11.2.2.Food & Beverage
11.2.3.Building & Construction
11.2.4.Chemical
11.2.5.Automotive
11.2.6.Aerospace
11.2.7.Animal Husbandry
11.2.8.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Additives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Plastic Additive
12.1.2.Food Additive
12.1.3.Construction Additive
12.1.4.Lubricant Additive
12.1.5.Fuel Additive
12.1.6.Coating Additive
12.1.7.Agrochemical Additive
12.1.8.Medicated Feed Additive
12.1.9.Others
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Packaging
12.2.2.Food & Beverage
12.2.3.Building & Construction
12.2.4.Chemical
12.2.5.Automotive
12.2.6.Aerospace
12.2.7.Animal Husbandry
12.2.8.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.BASF SE
13.2.2.Clariant AG
13.2.3.Dow Inc
13.2.4.Evonik Industries AG
13.2.5.Lanxess AG
13.2.6.Eastman Chemical Company
13.2.7.Milliken Chemical
13.2.8.PolyOne Corporation
13.2.9.Sanitized AG
13.2.10.BioCote Limited
13.2.11.Givaudan
14. Research Methodology 
15. Appendix and Abbreviations 
  • BASF SE
  • Clariant AG
  • Dow Inc
  • Evonik Industries AG
  • Lanxess AG
  • Eastman Chemical Company
  • Milliken Chemical
  • PolyOne Corporation
  • Sanitized AG
  • BioCote Limited
  • Givaudan

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