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Plastic Additives Market Worth USD 75.20 Billion by 2028 | Growth at 5.7% CAGR

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Pune, India, Feb. 24, 2023 (GLOBE NEWSWIRE) — The global plastic additives market size was USD 51.04 billion in 2021 and is projected to reach 75.20 billion by 2028, exhibiting a CAGR of 5.7% during the forecast period. The market size stood at USD 48.41 billion in 2020. Escalating demand for personal protective equipment (PPE) amid the COVID-19 pandemic is expected to propel the growth of this market, states Fortune Business Insights™ in its report, titled “Plastic Additives Market Size, Share Growth and Regional Forecast, 2021-2028.

The plastic additives market has a significant scope; as plastic additives are essential components in the manufacturing process of various plastic products. Plastic additives are chemicals that are added to plastic to enhance its performance, functionality, and durability.

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Market Scope:

The market scope of plastic additives includes several application areas, such as packaging, automotive, construction, electronics, and consumer goods. The demand for plastic additives is increasing due to the growing demand for plastic products in various industries, including packaging, construction, and automotive. The plastic additives market is expected to grow significantly due to increasing awareness about the benefits of plastic additives, such as improved performance, enhanced quality, and reduced production costs.

The key factors driving the plastic additives market’s growth include the increasing demand for lightweight and high-performance plastics, growing environmental concerns, and rising disposable income in developing countries. The increasing demand for plastic additives in the Asia Pacific region, especially in China and India, is expected to boost the market’s growth further.

Overall, the plastic additives market has a broad scope, driven by the demand for high-performance and environmentally friendly plastics across various industries.

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2021-2028
Forecast CAGR 5.7 %
2028 Value Projection USD 75.20 Billion
Base Year 2021
Plastic Additives Market Size in 2021 USD 51.04 Billion
Historical Data 2017-2019
No. of Pages 300
Segments Covered By Type, End-user and Regional Insights
Plastic Additives Industry Growth Drivers Replacement of conventional materials with plastic
Rising Demand for Polymers in Automotive Manufacturing to Fuel Market Growth

Market Segments:

The market is divided into plasticizers, flame retardants, stabilisers, impact modifiers, and others based on type. Plasticizers, which lower the viscosity of polymer materials and improve their flexibility, accounted for a significant portion of the market in 2020. The plastic additives market is divided into packaging, construction, automotive, consumer products, and others according on end-use. The packaging segment is expected to gain the largest share during the forecast period. Geographically, the market is classified into North America, Asia Pacific, Europe, and the Middle East and Africa.

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List of Key Companies Profiled in the Market:

  • Mitsui Chemical (Tokyo, Japan)
  • SABIC (Riyadh, Saudi Arabia)
  • Kaneka Corporation (Tokyo, Japan)
  • Dow Chemical Company (Michigan, U.S.)
  • Clariant AG (Muttenz, Switzerland)
  • ExxonMobil Chemical (Texas, U.S.)
  • Lanxess AG (Cologne, Germany)     
  • Evonik Industries AG (Essen, Germany)
  • BASF SE (Ludwigshafen, Germany)
  • Songwon Industrial Co. Ltd. (Ulsan, South Korea)

Driving Factor:

Rising Acceptance of Plastics by Numerous Industries to Drive Business

Plastic is widely utilised in a variety of applications, including automotive, aerospace and military, packaging, chemical, construction, general manufacturing, and electronics. It’s outstanding qualities, such as strength, dependability, flexibility, and the capacity to endure pressure and heat, are generating demand for its derivatives, which is boosting its usage.

These type of polymers are less expensive than traditional materials including wood, metals, and composites, and is so replacing them. This is likely to have a beneficial influence on the additives industry. Furthermore, one of the primary drivers driving the packaging industry is the rising e-commerce sector throughout the world, which is supporting plastic additives market growth. These type of polymers are also used in the production of automobile parts due to its lightweight nature and cheaper cost. Lighter automotive parts reduce fuel consumption, which in turn increases the efficiency of the vehicle.

Regional Insights

High Plastic Production in China to Stimulate Growth in the Asia Pacific Market

The plastic additives market has a global presence, with key regions being North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Here are some insights into the regional markets:

  • North America: The North American plastic additives market is driven by the growing demand for lightweight and high-performance plastics in various industries such as automotive, packaging, and construction. Stringent regulations governing the production of plastics by the U.S. Environmental Protection Agency (EPA) have forced companies to develop biodegradable plastic additives
  • Europe: The European plastic additives market is driven by the demand for high-performance plastics, particularly in the automotive and packaging industries. The market is also influenced by the growing awareness of the benefits of using environmentally friendly plastic additives.
  • Asia Pacific: The Asia Pacific plastic additives market is expected to experience significant growth due to the increasing demand for plastic products in various industries such as automotive, construction, and packaging. China and India are the key markets in the region, driven by the growing population, urbanization, and increasing disposable income. Asia Pacific, where the market size stood at USD 18.04 billion in 2020, is anticipated to hold a prominent position in the plastic additives market share during the forecast period.
  • Latin America: The Latin American plastic additives market is driven by the growing demand for plastic products in various industries, such as packaging, construction, and automotive. The market is also influenced by the increasing adoption of environmentally friendly plastic additives.
  • Middle East and Africa: The Middle East and Africa plastic additives market are driven by the increasing demand for plastic products in various industries, such as construction and automotive. The market is also influenced by the growing awareness of the benefits of using plastic additives to enhance performance and reduce production costs.

Overall, the plastic additives market is expected to grow globally, driven by the demand for high-performance and environmentally friendly plastics in various industries.

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Competitive Landscape

Exciting Collaborations among Key Players to Enhance Market Potential

To meet the rising demand for bio-based polymers, key players in this market are entering into exciting partnerships to develop and market eco-friendly materials. Furthermore, a few companies such as BASF are expanding the applicability of additives in less-explored domains such as infrastructure and construction.

Industry Developments:

The plastic additives industry is constantly evolving with new developments, innovations, and emerging trends. Here are some recent developments in the plastic additives industry:

  • Growing demand for biodegradable plastic additives: With increasing awareness about environmental issues and sustainability, there is a growing demand for biodegradable plastic additives that can help reduce the environmental impact of plastic products. Biodegradable plastic additives are being developed and commercialized to provide eco-friendly alternatives to conventional plastics.
  • Increased use of antimicrobial plastic additives: With the outbreak of the COVID-19 pandemic, there has been an increased demand for antimicrobial plastic additives that can help prevent the spread of viruses and bacteria. Antimicrobial plastic additives are being developed and commercialized to provide enhanced protection in various applications such as healthcare, food packaging, and consumer goods.
  • Development of high-performance plastic additives: There is a growing demand for high-performance plastic additives that can improve the durability, strength, and resistance of plastic products. High-performance plastic additives such as flame retardants, UV stabilizers, and impact modifiers are being developed and commercialized to meet the increasing demand for high-quality plastic products.
  • Use of sustainable raw materials: The plastic additives industry is increasingly focusing on the use of sustainable raw materials such as bio-based feedstocks and renewable energy sources. This is driven by the need to reduce the environmental impact of plastic additives and create a more sustainable industry.
  • Adoption of digital technologies: The plastic additives industry is adopting digital technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to enhance efficiency, productivity, and quality. Digital technologies are being used to optimize production processes, improve product design, and enhance customer experience.

Overall, the plastic additives industry is undergoing rapid development and innovation, driven by the need to meet changing market demands, enhance sustainability, and improve performance.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/plastic-additives-market-104448

Table of Content:

  •  Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights – Impact of COVID-19 on the Global Plastic Additives Market
    • Supply Chain Challenges
    • Steps were taken by Government/Companies to overcome this impact
    • Potential opportunities due to the COVID-19 outbreak
  • Global Plastic Additives Market Analysis, Insights, and Forecast, 2017-2028
    • Key Findings / Summary
    • By Type (Volume/Value)
      • Plasticizers
      • Flame Retardants
      • Stabilizers
      • Impact Modifiers
      • Others
    • By End-Use (Volume/Value)
      • Packaging
      • Construction
      • Automotive
      • Consumer Goods
      • Others 
    • By Region (Volume/Value)
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

Toc Continued…!

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Artificial Intelligence

Picus Security Launches Security Validation for Kubernetes

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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.

For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.* 
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive. 
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
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Artificial Intelligence

Highlights from the Finale: Day Three of the London Blockchain Conference Unravelled

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As the London Blockchain Conference draws to a close, attendees heard from industry experts on Driving Innovation with Blockchain.
LONDON, May 23, 2024 /PRNewswire/ — Attendees at the London Blockchain Conference were in to witness the final day, which featured a line-up of informative and thought-provoking speakers. Throughout the day, there were exciting panels and presentations which featured cutting-edge ideas and insights.

Day 3 kickstarted with BSVA launching a new report focusing on the role of blockchain in safeguarding data and streamlining transactions.
Other sessions included:
The Intersection of Web3, AI, and Emerging Tech – Somi Aran, Founder of InPeak gave the opening keynote which explored the dynamic convergence of Web3, Artificial Intelligence, and emerging technologies. She delved into how these technologies are reshaping industries and redefining the boundaries of innovation and the potential impacts and opportunities these technologies present.
Bridging the gap: Making Web3 technologies user-friendly – Christine Leong, CIO, nChain – discussed some of the innovative strategies and practical solutions aimed at simplifying Web3 technologies. She also discussed how nChain is planning to transform Web3 from a domain exclusive to the tech-savvy, into a user-friendly ecosystem that empowers all users.
Is code law? – Rules applicable to blockchain networks – panel featuring Marcin Zarakowski, CEO of Token Recovery, Akber Datoo CEO of D2 Legal Technology, Jeffrey Golden, King’s Counsel (Hon) at 3 Hare Court Chambers, Andrei Kirilenko, Professor of Finance at Cambridge Judge Business School, Professor Sarah Green, Law Commissioner at Law Commission, where they discussed that rules apply to the nodes and validators which support the particular network and process its transactions. The group also discussed whether the blockchain protocols’ rules and software code are the only sources of regulation in blockchain networks.
An Introduction to nChain Identity – Thomas Moretti, Head of Product Development at nChain. He spoke about the Self Sovereignty Identity concept and showcased the latest project it is working on – nChain Identity.
Reimagining Roles: How regulated industry leaders are shaping the future of finance – a panel featuring, Andrew Mosson (Chief Commercial Officer of OneTrading, Néstor Palao, Head DLT & Corporate Clients at Sygnum Bank, Laurence Lewandowska, CFO/COO at BSV Association and Wojciech Kaszycki Chairman & Founder at Mobilum. The panel discussed how the new era of digital assets, traditional banking institutions, exchanges, and financial services are being reimagined in the context of emerging technologies such as blockchain and AI.
Please register here if you would like to listen to any of the sessions today. 
If you want to interview any speaker from today’s sessions, please email [email protected].
About the London Blockchain Conference NETWORK. LEARN. ENGAGE.  At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 

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Nord Anglia Education publishes new insights on the role of AI and metacognition in learning

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LONDON, May 23, 2024 /PRNewswire/ — INSIGHTS, the global publication from Nord Anglia Education, has published two new articles taking an in-depth look at AI in education and the role of metacognition in teaching and learning.

Exploring the role of AI in learning
https://www.nordangliaeducation.com/insights/2024/articles/the-generative-generationIn its ‘Generative Generation’ feature, INSIGHTS explores the role of artificial intelligence (AI) in education, and whether the technology is making it easier for children to learn. Speaking to Nord Anglia’s educators as well as leading experts from the world of academia, it also includes real-life examples of how Nord Anglia’s schools are using AI in the classroom.
For example, Nord Anglia’s British International School in Kuala Lumpur has adapted the technology to create an AI-powered teaching assistant that can personalise learning, guide students through content exploration, and deepen their understanding through interactive activities. Learners define the topic they want to explore and the course specification they are working to, and the AI explores the content with them in a conversational way, enabling them to ask questions as they go. 
Dr Bruce Geddes, Deputy Head of Secondary at the school, told INSIGHTS that AI represents “the biggest opportunity we’ve had in our lifetimes, for many, many spheres, but particularly in education”.
Avenues: The World School in New York, which became part of Nord Anglia in 2023, encourages its students to use AI in their work. As an example, in an app development project students use ChatGPT to generate the bulk of the coding, then review, correct and refine it. This saves them “hours of manual work by leveraging the appropriate tool in an academically appropriate way,” says Lia Muschellack, Director of Technology at the school.
The school also has its own generative AI chatbot, Savvy, built in 2019 and now powered by open AI technology. It can answer queries, provide information, and engage in “diverse discussions ranging from academic topics to casual conversations”.
“We understand that our students will be actively leveraging these tools throughout their academic and professional pathways, so we want to make sure they not only understand the potentials and limitations, but that they have tinkered and truly experienced them,” Muschellack explains.
Metacognition: a learning superpower
In its feature ‘Metacognition. Helping Kids Unlock the Power of ‘Thinking about Thinking’, INSIGHTS looks at how students can develop the important skill of metacognition.
“Metacognition is the ability to be aware of our cognitive or thought processes and to monitor, reflect on, and change those processes,” Dr Rose Luckin, Professor of Learner Centred Design at the University College London Knowledge Lab, told INSIGHTS.
Nord Anglia Education is working with Dr Luckin to develop its approach to metacognition and to help teachers introduce metacognitive strategies into classrooms. It has developed a metacognitive framework of six “Learner Ambitions” to help students develop the 6 Cs: to become critical, creative, committed, and curious learners, working compassionately and collaboratively in the classroom and beyond.
As the article explains, Nord Anglia’s deep dive into metacognition has many goals: developing student agency, boosting academic performance, and developing ‘future’ skills that employers want. The framework is being initially applied across 27 Nord Anglia schools around the world and its impact will be measured in independent research in partnership with Boston College, reporting in 2025.
Nord Anglia’s examination of metacognition also involves exploring personalised goals and thinking routines. For instance, students at Nord Anglia International School Hong Kong use the “Step In, Step Out, Step Back” routine to develop empathy and understanding in their studies. “It’s about asking the right questions; those really big questions that lead to even more questions,” says Raquel Thomson, the school’s Deputy Head of Primary. “Thinking strategies like this stay with students and serve a purpose whatever they do in their lives, whether they choose to be a scientist or a teacher or go into business.”
For media enquiries please contact: Francesca Milani Communications Manager, Digital Education Portfolio +44 20 7131 0000 [email protected] 
About Nord Anglia Education:
As the world’s leading international schools organisation, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.  
Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.  
No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.  
To learn more or apply for a place for your child, go to nordangliaeducation.com.
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