Global High-Performance Plastic Additives Market 2021
The global high-performance plastic additives market is projected to reach $2,839.3 million by 2031, growing at a CAGR of 9.6% during the forecast period 2022-2031, up from $1,045.3 million in 2021.
High-performance plastics are characterized by their ability to maintain thermal efficiency above 150°C. These plastics excel in utilizing their exceptional properties such as superior sliding friction, weight-saving capabilities, and chemical inertness, especially under high temperature conditions. There is a continuous development of high temperature thermoplastics, making them increasingly popular in mainstream and high-end industrial sectors for enhanced durability and reliability. By incorporating specialized reinforcing materials like glass fiber, crystals, or carbon fiber, the thermal properties, rigidity, and stiffness of these plastics can be further improved. Frictional contact attributes can be significantly enhanced by additives like PTFE, graphite, and aramid fibers, while the inclusion of metal fibers and carbon black improves electrochemical performance.
|No. of Pages||
USD 1.1 billion in 2020
End User, Plastic Type, Additive Type, Region
|No. of Companies Mentioned||
Due to their improved electrical conductivity, high-performance plastics are becoming more prevalent in various industries, including transportation, healthcare, electrical and electronics, packaging, and more. The expansion of biodegradable packaging in emerging economies such as China, India, Japan, and Europe, along with the increasing adoption of high-performance plastic additives in the automotive industry, is expected to drive the growth of the global market. The preference for plastics over metals, which offer high temperature resistance, is also contributing to the market’s expansion.
The global high-performance plastic additives market is currently in the growth phase, with increased investment and research and development activities fueling its progress. Government regulations addressing hazardous and non-degradable polymer compounds, driven by rising public concerns, are expected to increase the demand for eco-sustainable polymers, thus supporting market growth. The growing implementation of high-performance plastics like polytetrafluoroethylene (PTFE) for metal replacement is expected to further drive market expansion.
The demand for high-performance plastic additives is anticipated to grow in industries such as transportation, medical, electrical and electronics, packaging, and others. The increasing adoption of high-performance plastics in the electrical and electronics industry, as well as the growing use of green transportation technologies in emerging economies like China, India, and Thailand, will further boost the market during the projected period (2022-2031). However, stringent environmental standards concerning hazardous compounds in plastics may hinder market growth in the future.
High-performance plastic additives continue to enhance the properties of materials they are applied to, including sliding friction, weight-saving capabilities, rigidity, stiffness, and durability. Therefore, these materials are gaining significance in various industries, including transportation, medical, aerospace, and electrical and electronics. Particularly in the electrical and electronics industry, there are ample opportunities for both existing market players and new entrants.
Furthermore, high-performance plastic additives have a moderate to high impact on end-user industries, and this impact is expected to increase as electrical and electronics, transportation, and other industries adopt these materials more extensively.
The COVID-19 pandemic had immediate and significant effects on the global high-performance plastic additives market due to manufacturing site shutdowns, labor shortages, and disruptions in supply and demand chains worldwide. Government-imposed lockdowns severely impacted raw material productivity, resulting in reduced operations in many regions. The slowdown in the electrical and electronics, transportation, and other end-user sectors further dampened the demand for high-performance plastic additives. However, the market is expected to recover gradually over the forecast period.
The demand drivers for the global high-performance plastic additives market include rising demand from the automotive industry, the replacement of conventional materials in various applications, and the development of innovative applications driven by the electronics industry.
Challenges faced by the market include strict government regulations for the plastic industry, high cost, and price volatility of raw materials.
The market is segmented based on various factors, including end user, plastic type, additive type, and region.
Segmentation by End User
Electrical and Electronics
Segmentation by Plastic Type
Liquid Crystal Polymers
Segmentation by Additive Type
Segmentation by Region
North America – U.S., Canada, and Mexico
Europe – Germany, France, Italy, Spain, and Rest-of-Europe (RoE)
Asia-Pacific and Japan – Japan, India, South Korea, and Rest-of-Asia-Pacific and Japan
In 2021, the electrical and electronics segment emerged as the dominant sector in the high-performance plastic additives market, making it the largest segment. This was primarily due to the increasing sales of electric components worldwide. The growing demand for electric components, including adapters, electromechanical elements, consumer devices, wires and electrical connections, detectors, storage devices, smart electronics, battery components, and semiconductor manufacturing devices, has driven the need for high-performance plastic additives. High-performance plastics such as PPS, LCP, PPA, PEEK, PSU, PFA, PFPE, and PTFE are being used in electrical and electronics components to enable manufacturers to create advanced materials that are thinner, more compact, and highly reliable. This results in improved productivity and reduced operational costs. High-performance plastics find extensive applications in various electrical and electronic components such as adapters, electromechanical elements, consumer devices, wires and electrical connections, detectors, storage devices, smart electronics, battery components, and semiconductor manufacturing devices. Additives are incorporated into the plastic and applied in these components to enhance performance and reduce the weight of heavy elements. This is particularly important in the electronics industry, where heavy metals, exotic materials, volatile organic compounds, acids, and other substances are commonly used. Using high-performance plastic additives helps reduce component weight and increase product tensile strength.
Among different types of plastics, high-performance polyamides are expected to lead the market during the forecast period from 2022 to 2031. The increasing demand for these plastics can be attributed to their properties such as high thermal conductivity, flame resistance, high stiffness, high specific strength, low moisture absorption, superior impact resilience, and chemical stability. These plastics are primarily used in the manufacturing of consumer electronics, defense equipment, and automotive components. Additionally, reducing weight remains a crucial factor in improving fuel efficiency, which further drives the adoption of polymers. High-performance polyamide is a subcategory of chemically synthesized thermoplastic polymers, where the terephthalic acid content accounts for at least 55% of the molar proportion of dicarboxylic acid found in the monomer units. The term composite refers to the combination of plastics and additives, with fillers, flame retardants, fiberglass, and other chemicals being mixed to create composites. Injection molding is commonly used to produce parts with various shapes for a wide range of applications. Aromatic polyamides such as Nomex and Kevlar exhibit high mechanical resilience and remarkable resistance properties. High-performance polyamides can be fully recycled through a melting process, similar to other plastic materials. They possess attributes such as high oxidation resistance, superior heat stability, increased electrical resistivity, reduced shrinkage, and enhanced dimensional stability. Therefore, they find applications in diverse end-user sectors including automotive, aviation, and electrical industries.
Among different types of additives, the Others category is expected to lead the high-performance plastic additives market during the forecast period from 2022 to 2031. Fillers, glass fibers, carbon fibers, and other types of reinforcements are commonly used as additives in plastic production. These additives help mitigate oxidative and wear damage in extreme conditions. In addition, the automotive and aerospace industries are increasingly utilizing plastics to reduce component weight. This trend is projected to drive the demand for additives in the Others segment. This segment encompasses high-performance plastic additives such as radiopaque fillers, reinforcing additives, antimicrobial additives, and others. Although this segment holds a smaller market share, it is experiencing substantial growth in demand due to the benefits provided by plastic additives, including increased product durability, abrasion resistance, and longevity. These factors have made plastic additives attractive to various industries, including medical, electronics, and automotive. High-performance plastics are particularly suitable for parts that need to withstand heavy loads in industries such as automotive, electrical engineering, construction, sports and recreation, and household appliances. These plastics exhibit a fixed thermal efficiency higher than 150°C. They leverage the exceptional properties of plastics, including superior sliding compression characteristics, weight-saving capabilities, and damage tolerance at extremely high temperatures. Additives are extensively employed to strengthen plastics and enhance properties such as ductility and corrosion resistance. Examples of reinforcing additives include fibers (such as glass, carbon, and polymeric) and substances like silica that reinforce polymers.
Asia-Pacific, particularly Japan and China, is expected to gain significant traction in the production of high-performance plastic additives globally. This growth can be attributed to the continuous expansion of electrical and electronics manufacturing and the presence of key manufacturers in these regions. China is anticipated to dominate the global market for high-performance plastic additives during the forecast period. This dominance is driven by the increasing demand for automobiles and the rising aerospace production in various developing markets. The growing population, economic development, low labor costs, abundance of raw materials, government support, and favorable business environment in China contribute to the country’s surging need for high-performance plastic additives. These factors have propelled the growth of industries such as electronics and healthcare, thereby driving the market’s expansion from 2022 to 2031.
The selection of the profiled companies has been made after considering inputs provided by primary experts. This selection process involved analyzing the companies’ coverage of high-performance plastic additives, their product portfolio, and their market penetration.
Key companies profiled in this report include Solvay S.A., Evonik Industries AG., Colloids Ltd., SABIC, Ensinger, L.Brueggemann GmbH & Co. KG, Americhem, Inc., Colortech Inc., Tosaf Compounds Ltd., Arkema, BASF SE, 3M, SUQIAN UNITECH CORP., LTD., Nouryon, Avient Corporation, Kemipex, Advanced Polymer Solutions, LLC, NEWOS GmbH, Ceramer GmbH, Karan Industrial Group.
Recent Industry Developments
In September 2022, SABIC introduced the LNP THERMOCOMP AM DC0041XA51 compound at InnoTrans 2022 in Berlin, Germany. This innovative substance is a carbon fiber-reinforced, flame-retardant (FR) compound suitable for pellet-fed additive manufacturing (PFAM). It fully complies with the fire safety requirements of the European Union and the United States, particularly in the rail industry.
In September 2021, 3M expanded its range of boron nitride cooling fillers by introducing new product grades: boron nitride cooling filler agglomerates CFA 100 and boron nitride cooling filler agglomerates CFA 150. These grades consist of soft boron nitride agglomerates that enhance isotropic thermal conductivity. They find applications in automotive, electrical, and electronic devices and components.
In October 2022, during K 2022 in Dusseldorf, Germany, Evonik Industries AG presented its latest viable strategies for the polymers and foam industries. One of the highlights was the display of INFINAM PA, an improved grade of PA-12 powders specifically designed for fused deposition 3D printing technologies. This new grade boasts drastically reduced CO2 emissions, aligning with environmental sustainability goals.
Key Questions Answered
What are the major factors and trends influencing the consumption of high-performance plastic additives?
What are some of the key initiatives taken by existing players to enhance their market positioning, and what strategies are adopted by new players entering the market space?
How has the global high-performance plastic additives market been impacted by COVID-19?
What measures do existing players undertake to improve their market positioning, and what key strategies do new players employ when entering this market space?
Which product is leading the market and showing the most promising application, and how will it evolve in the coming years?
What are the latest global developments in high-performance plastic additives, and what are the consumption patterns?
What factors hinder the acceptance of high-performance plastic additives in different regions and countries?
Which regulations are affecting the high-performance plastic additives market?