The report “High-performance Additives Market by Product Type (Stabilizers, Fillers, Vulcanization Agents, Softeners, Resin), Function (Performance Additives, Processing Additives), and End-Use Industry (Automotive, Medical) – Global Forecast to 2029″ is projected to grow from USD 14.02 billion in 2024 to USD 20.11 billion by 2029, registering a CAGR of 7.5% during the forecast period. High-performance additives are chemical substances that are utilized to improve the properties of materials, enhancing durability, efficiency, and performance across different applications. They play an important role in industries like the automotive and medical sectors, where material strength, resistance, and functionality are vital. Demand stems from the requirements for improved material properties, compliance with regulations, and sustainability. Formulations need additives for better durability, efficiency, and resistance to wear, heat, and weather. Enforcing environmental rules makes manufacturers consider more environmentally friendly, low-emission products, further boosting advanced additive usage.
Key Market Players
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the High-performance Additives Market. BASF (Germany), CLARIANT (Switzerland), Evonik Industries AG (Germany), LANXESS (Germany), Arkema (France), Avient Corporation (US), Solvay (Belgium), SI Group, Inc. (US), SABIC (Saudi Arabia), Synthomer plc (UK), and Cabot Corporation (US).
Recent Developments:
In February 2025, LANXESS has launched Vulkanox HS Scopeblue, a novel rubber additive for increasing the sustainability and lifespan of tires. This new antidegradant consists of 55% sustainable raw materials and is a sustainable alternative to the tried-and-tested antioxidant Vulkanox HS (TMQ). Through its production with biocircular acetone and green power, the carbon footprint of Vulkanox HS Scopeblue is over 30% lower than that of conventional products.
In January 2025, Solvay and Hankook formed a strategic alliance by signing a Memorandum of Understanding (MoU) to create circular silica from waste and biosourced materials for tire production. The partnership combines Solvay’s silica expertise and sustainability focus with Hankook’s cutting-edge manufacturing capabilities and robust market presence.
In January 2024, BASF launched the new generation of its Keropur gasoline additive bottle in Taiwan’s automotive aftermarket. This new formula is specifically tailored to address the technical requirements of contemporary direct injection spark ignition (DISI) combustion engines while still offering superior performance on traditional port fuel injection (PFI) engines.
In November 2022, Evonik Industries AG entered into a partnership with Biesterfeld Performance Rubber GmbH to drive the distribution of its premium rubber additive VESTENAMER in the EMEA region (excluding Italy). The alliance seeks to facilitate a responsive and stable value chain, enhancing the availability of products in major industrial markets like the rubber recycling sector.
High-Performance Additives Market Dynamics
Drivers: Optimizing rolling resistance for EVs to improve battery performance
Restraint: Face development and application complexities
Opportunity: Bio-Based and Sustainable Additives are driving Environmental Sustainability Without Compromising Performance efficacy
Challenge: Ensuring High-performance while adopting sustainable and eco-friendly additive solutions
