
Plastic additives market is highly fragmented and major international players are operating in the industry which includes, BASF SE, Clariant AG, Bayer AG, Songwon Industries Co., Ltd, DowDuPont, Albemarle Corporation, Evonik Industries AG, Kaneka Corporation, Lanxess, Sabik Imprint, Exxon Mobil Corporation, Mitsui Chemicals, Inc. and Biesterfield Plastic GmbH. In March 2017, BASF SE announced to increase its plastic additives production network. It will invest USD 236 Million globally and as a part of this announcement, BASF will invest in a new plastic additive plant at its Caojing site in Shanghai, China. This plant will have an annual capacity of 42,000 tons and shall produce associated forms and blends, antioxidants. It is expected that plant will be fully operational from 2020.