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Plastic Additives Market to grow by USD 21.9 Billion from 2024-2028, driven by rising demand for recycled plastics in packaging, AI powered report- Technavio

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NEW YORK, Sept. 17, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global plastic additives market size is estimated to grow by USD 21.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.69% during the forecast period. Increasing demand for recycled plastics from packaging industry is driving market growth, with a trend towards increasing demand for bio-based plasticizers. However, harmful effects of plasticizers on environment poses a challenge. Key market players include ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH, BASF SE, Clariant International Ltd., Covestro AG, Dow Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Grafe Advanced Polymers GmbH, Kaneka Corp., Lanxess AG, Milliken and Co., Mitsui Chemicals Inc., Nouryon Chemicals Holding BV, PMC Group Inc., Sabo Spa, Sakai Chemical Industry Co. Ltd., and Songwon Industrial Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Modifier, Stabilizers, Extenders, and Processing aids), Application (Packaging, Consumer goods, Automotive, Electrical and electronics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

ADEKA Corp., Albemarle Corp., Avient Corp., Baerlocher GmbH, BASF SE, Clariant International Ltd., Covestro AG, Dow Chemical Co., Evonik Industries AG, Exxon Mobil Corp., Grafe Advanced Polymers GmbH, Kaneka Corp., Lanxess AG, Milliken and Co., Mitsui Chemicals Inc., Nouryon Chemicals Holding BV, PMC Group Inc., Sabo Spa, Sakai Chemical Industry Co. Ltd., and Songwon Industrial Co. Ltd.

 

Key Market Trends Fueling Growth

The plastic additives market is primarily driven by petrochemical-based plasticizers, such as phthalates, which are essential in plastic manufacturing, particularly for PVC. Phthalates-dominated plasticizer market is witnessing significant growth due to increasing demand for safe, non-phthalate, bio-degradable, and bio-based alternatives. Stringent environmental regulations and health concerns are fueling the need for bio-plasticizers globally. Emerging economies like India and China present lucrative opportunities for the bio-plasticizer market. Additionally, the ban on phthalates in food packaging, consumer goods, medical devices, and soft toys is further propelling market growth. Bio-based plasticizers, including sebacates and epoxides, are expected to grow at the fastest rate due to their superior properties, such as high efficiency, nontoxic nature, improved heat stability, and lower volatility. These materials are increasingly used in adhesives and sealants, automotive, paints and coatings, and various other applications. 

The Plastic Additives market is experiencing significant growth, particularly in the use of nanoparticles and nanocomposites. These additives enhance the mechanical and barrier properties of advanced thermoplastics, making them ideal for the automotive industry and lightweight materials. In the automotive sector, additives improve fuel efficiency, reduce emissions, and enhance safety. Impact modifiers, flexibility, and workability are key functions for various applications, including pipes, flooring, films, coatings, adhesives, interior components, wire coatings, and more. Additives also provide benefits such as scratch resistance, coefficient of friction, gloss, water repellency, shark-skin suppression, surface roughness, flow ability, internal lubricants, heat dissipation, and more. Sales demand for additives is forecasted to increase due to their role in improving performance and functionality. Different additive types and plastic types cater to specific functions, such as coupling agents for improving intermolecular forces and elasticity. However, challenges such as microbiological deterioration, staining, discoloration, and aesthetic loss must be addressed to ensure long-term durability and customer satisfaction. 

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Market Challenges

Plastic additives, specifically plasticizers, are extensively used in the production of PVC, a non-biodegradable plastic material. Europe and North America have implemented stringent regulations, such as REACH, limiting the application of plasticizers in medical devices and food-contact products due to environmental concerns and potential health risks. The shift towards non-phthalate plasticizers is a response to these regulations. However, the high cost of production and limited recycling efforts pose challenges to the growth of the plastic additives market. Approximately 5% of global gas and oil production is used to manufacture plastics, leading to an accumulation of non-biodegradable waste in landfills and natural habitats. Despite the challenges, plastic additives continue to be in demand due to their essential role in enhancing the properties of plastics, such as flexibility and durability. The market’s growth is expected to be influenced by factors such as increasing demand for sustainable alternatives, advancements in plastic recycling technologies, and regulatory compliance.The Plastic Additives market faces numerous challenges in various industries, particularly in consumer goods, manufacturing, and processing. Additives play a crucial role in enhancing the properties and performance of plastic materials. However, ensuring consumer safety and compliance with environmental regulations is a significant challenge. Stabilizers prevent degradation from chemical reactions, but their use raises concerns about environmental footprint. Fillers and reinforcements like glass fibers add strength and durability, yet their inclusion may impact the versatility and processing of plastics. Additives like antioxidants, ultraviolet stabilizers, and flame retardants contribute to the protective and thermal properties of plastics in various applications, such as packaging materials, cables, roofing materials, and plastic-based building materials. In the age of food delivery services and innovative packaging solutions, ensuring shelf life, product quality, and food safety is essential. Flame resistance and antimicrobial features are critical for plastics in various industries, including electronics and medical equipment. Biodegradable additives and sustainable packaging solutions are gaining popularity due to environmental awareness. Nano-additives offer advancements in thermal, electrical, and protective properties, but their long-term effects on the environment remain a concern. The plastic additives market continues to evolve, with factual developments and innovations shaping the future of plastics in various industries. Reliability and high-performance components are key priorities for manufacturers, and the industry must balance performance, versatility, and sustainability. Poly vinyl chloride, PVC, and other plastics remain in demand, but their environmental footprint remains a significant challenge.

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Segment Overview 

This plastic additives market report extensively covers market segmentation by

Type 1.1 Modifier1.2 Stabilizers1.3 Extenders1.4 Processing aidsApplication 2.1 Packaging2.2 Consumer goods2.3 Automotive2.4 Electrical and electronics2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Modifier- Plastic additives play a crucial role in enhancing the properties of plastic molds and resins. Impact modifiers increase toughness and durability, while chemical blowing agents reduce weight and expand plastic molds. Plasticizers improve plasticity and viscosity, and coupling agents provide adhesion between different materials. Organic peroxides accelerate polymerization, and nucleating agents enhance physical properties. These additives are essential for manufacturing high-quality plastic products.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Plastic Additives Market encompasses a wide range of chemical compounds that are added to polymers to enhance their properties for various applications. These additives include pigments for color, phthalates and bisphenol for plasticizers, heavy metals for coupling and impact strength, and plasticity enhancers. Governmental regulations play a significant role in the market, with stringent rules regarding the use of certain additives in industries such as aerospace, construction, automotive, and consumer products. Other factors driving demand include urbanization trends, energy efficiency, and the need for long-term durability and thermal protection. Discoloration and aesthetic loss are common challenges addressed by additives, as well as the requirement for low-cost automobile interiors and medical-grade plastics. UV sensitivity in construction materials and the production of PPE kits also contribute to the market’s growth.

Market Research Overview

The Plastic Additives Market encompasses a wide range of chemical compounds designed to enhance the properties of polymers, including metals, wood, glass, and others, in various sectors. These additives offer benefits such as stability, durability, strength, and versatility, making them essential in industries like aerospace, construction, automotive, and consumer goods. Governmental regulations and environmental awareness are significant factors influencing the market, with a focus on reducing the environmental footprint through innovative solutions like biodegradable additives and sustainable packaging. Phthalates and bisphenol are under scrutiny due to their potential health risks, leading to the development of alternatives. Heavy metals, plasticizers, stabilizers, degradation inhibitors, and fillers are some common additive types used for improving performance, processing, and properties of plastic materials. Antioxidants, ultraviolet stabilizers, and flame retardants are essential for enhancing the protective and thermal properties of plastics. Advancements in nanotechnology have led to the emergence of nano-additives, nanoparticles, and nanocomposites, offering improved mechanical and barrier properties for high-performance components in various industries. The market is driven by sales demand and forecasts for plastic types like poly vinyl chloride, cables, roofing materials, and packaging materials, among others. Function-specific additives like impact modifiers, flexibilizers, and intermolecular forces play a crucial role in enhancing the overall performance of plastics in various applications, from automotive industry lightweight materials to fuel efficiency and emissions reduction, to advanced thermoplastic components for aircraft efficiency and safety.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeModifierStabilizersExtendersProcessing AidsApplicationPackagingConsumer GoodsAutomotiveElectrical And ElectronicsOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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