Plastic additives are chemical substances that are dispersed in the molecular structure of a plastic and do not seriously affect the molecular structure of the plastic, but can improve its properties or reduce costs. The addition of additives can promote plastics to improve the processing, physical, chemical and other functions of the substrate and increase the physical and chemical properties of the substrate. Well-known market research firm Transparency Market Research (TMR) recently reported that the global market value of plastic additives in 2012 was $11.1 billion, which is expected to increase to $15.9 billion by 2019. During the period 2013-2019, the global plastic additive demand compound annual growth rate was 5.2%. The report also pointed out that there are many kinds of plastic additives, including modifiers, stabilizers,
flame retardants , fillers, etc., which are widely used in various plastic fields. Its downstream terminal application market mainly includes construction, automobiles, and consumer durable goods.
TMR says plastic additives are energy and capital intensive industries. Oil and gas are recognized as the primary raw material factors affecting the development of the industry. In addition, the consumption of plastics and their products, the degree of economic recovery in various countries, and environmental regulation will also have a major impact on the steady development of global plastic additives.
In terms of geographic regions, the Asia Pacific region is currently the world's largest market for plastic additive production and consumption. With the rapid development of the automotive industry in the region and the strong rebound of the construction industry, the trend of the Asia-Pacific plastics additives market is expected to further strengthen in the next few years. Thanks to the gradual recovery of the economic situation, the demand for the two major additive markets in Europe and the United States will increase gradually during 2013-2019.
Ungrouped
Juheng has been providing technological innovations to the world for more than 30 years. Operating on a global scale, Juheng designs and manufactures products ranging from ships, railroad cars, aircraft and motorcycles to industrial plants, steel structures and hydraulic equipment.
The Juheng with over 30 years of experience in the hydraulics industry. Juheng manufactures and markets a wide variety of hydraulic products for mobile, industrial, marine and other applications. Dedicated to global customer support, Juheng has operations in Japan, England, Korea, India, China and the United States. In addition to total commitment toward global customer support, Juheng places great emphasis on quality. The hydraulic production facilities in Japan and England are ISO 9001 and 14001 certified.
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