FUTURE OF POLYMER ADDITIVES
Polymer Additives Future – Nearly all plastics are comprised of a base polymer and additives. Additives are chemicals added to the base polymer to modify the properties of the final product such as improving strength or durability, or prolonging the product life span. There are various types of polymer additives available and each provides one or more specific characteristics; examples include plasticizers, stabilizers, processing aids, flame retardants, anti-static, blowing agents, fillers, and others.
As expected, the future of polymer additives is coupled to the demand for plastics. Below are some expected trends for polymer additives.
Continued Growth Of POLYMER ADDITIVES
The future of polymer additives looks promising as the demand for plastics (and therefore additives) is expected to continue to grow. There are several factors that are driving this growth – one of the biggest factors is the low cost of plastics compared to metal. Plastics have become even more attractive in recent years due to the rising cost of raw materials for some metals, triggering the further use of plastic to replace metal parts or equipment. Additionally, plastics continue to branch out into more diverse markets, and usage continues to expand especially within the packaging, agriculture, and medical industries. Lastly, the demand for additives is also driven by stricter safety standards, resulting in higher demand for plastics with flame retardant and resistant properties. All of these factors drive up consumption of polymer additives in the future.
While all sectors are expected to experience growth, there will likely be ample opportunities for additive growth within the construction, packaging, consumer goods, and automotive industries. Within the plastic additive market, the construction sector has historically been the largest consumer and this trend is expected to continue due to demand for applications such as pipes, cabling, flooring, etc. In the near-term, the packaging sector is expected to observe the most growth due to increased demand for food and beverage and consumer goods. The automotive industry is also expected to observe growth in additive usage due to plastic’s lighter weight and cost-competitiveness compared to metal alternatives.
Types and Regions
Regarding the types of additives, plasticizers are expected to continue to dominate the additive market and are anticipated to remain the largest additive type due to expected growth for PVC applications. As previously noted, the demand for additives with flame retardant properties are expected to rise due to more stringent safety protocols and standards as well as growth in the electronics and construction sectors.
While all regions are expected to experience growth, the MENA region will likely continue as the the fastest growing market by volume for additives. This is largely due to the demand for plastics across the automotive and construction sectors in the region.
Safety and Sustainability in Polymer Additives
Many companies are focusing R&D efforts on new, innovative polymer additives that address some of the challenges of the plastics industry. Safety and sustainability are expected to be big factors in the future of polymer additives and below are a few examples.
- A relatively new type of additive called “biodegradables” is gaining traction. These are additives that expedite the degradation process by allowing microorganisms to consume portions of the plastic.
- Toxicity is a concern for some polymer additives. To address this issue, bio-based additives such as plasticizers have been developed that provide manufacturers with less or non-toxic additive options that minimize the impact to the environment.
- Lastly, companies, such as VEECHEM GLOBAL , are creating Sustainability Initiatives. The purpose of these programs is to recognize the importance of natural resources and reduce the ecological footprint on the environment. This can be achieved via several means such as conserving raw materials and helping customers produce reusable products.
VEECHEM GLOBAL is a top supplier of polymers, as well as additives, blends, and masterbatches. Veechem global has grown from a single product line to hundreds of products and multiple product divisions.
VeeChem Global is a name trusted when it comes to the leading raw plastic material stockiest and distributor in The UAE and East Africa, especially for industrial polymers. We are also known for our extensive involvement in the research and development with manufacturers and new entrants of new and existing products. Ranging from high impact polystyrene sheet to expanded polystyrene foam, we are able to support in consistent supply of all good quality products.
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