The Global Plastic Additive Market Is Expected to Reach $50 Billion by 2023
According to a new market report published by Lucintel, the future of the plastic additive market looks attractive with opportunities in the construction, packaging, consumer goods, and automotive industries. The global plastic additive market is expected to reach an estimated $50 billion by 2023 with a CAGR of 4.2% from 2018 to 2023. The major growth drivers for this market are increasing demand for plastics in various end use markets and increasingly stringent safety standards for smoke and flammability.
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