Global plastic additives market to 2019

The plastic additives market is projected to register a CAGR of 5.0% between 2014 and 2019 to reach $45.5 billion by 2019, according to a new report by MarketsandMarkets. The growth will be driven by the increasing disposable income and rapid urbanization. The Asia-Pacific region remains the largest market, followed by North America. The Asia-Pacific market is estimated to be the key growth area due to increasing consumption of plastics by the growing middle-class and upper middle-class population in the region.
Packaging is estimated to be the largest application and packaging and automotive segments are projected to have the highest growth rate by application between 2014 and 2019.
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