Plastic Antioxidants Market Size, Growth, Opportunity and Forecast

According to IMARC Group's latest research report, titled "Plastic Antioxidants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the plastic antioxidants market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global plastic antioxidants market reached a value of US$ 3.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting at a CAGR of 6.59% during 2022-2027.

Plastic Antioxidants Market Outlook:

Antioxidants represent the additives that are used during plastic production. Plastic antioxidants are the materials that help in providing protection against thermal and light-assisted oxidation reactions caused by ultraviolet light exposure at the time of high-temperature processing operations. They are utilized in various applications to improve the appearance, strength, stiffness, and flexibility of products while prolonging their service life. Plastic antioxidants also offer tensile strength and elongation as well as reduce impact resistance, cracking, surface deterioration, etc. At present times, numerous leading manufacturers are providing multifunctional product variants that have unique combined primary and secondary functions.

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Plastic Antioxidants Market Growth:

The escalating demand for polypropylene resins is among the primary factors augmenting the plastic antioxidants market across the globe. In addition to this, the rising product usage in several end-use industries to maintain the integrity of items and inhibit oxidative degradation during long-term storage is also bolstering the market growth. Furthermore, the growing adoption of plastic antioxidants in modern vehicles, on account of the implementation of several stringent emission standards by government bodies, is also positively influencing the global market. Besides this, the expanding product usage in reducing the risk of excessive Volatile Organic Compound (VOC) emissions is acting as another significant growth-inducing factor. Moreover, the elevating popularity of sports accessories and electronic items, such as cable insulation and circuit boards, is expected to bolster the plastic antioxidants market over the forecasted years.

Key Market Segmentation:

Competitive Landscape:

• 3V Sigma S.p.A.
• Adeka CorporationB
• ASF SE
• Clariant AG
• Dover Chemical Corporation (ICC Industries Inc.)
• Everspring Chemical Co. Ltd.
• Evonik Industries AG
• Lanxess AG
• LyondellBasell Industries N.V.
• Solvay S.A.
• Songwon Industrial Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Synthomer plc.

Breakup by Antioxidant Type:

• Phenolic
• Phosphite and Phosphonite
• Antioxidant Blends
• Others

Breakup by Polymer Resin:

• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Polystyrene
• Acrylonitrile Butadiene Styrene

Breakup by Form:

• Solid
• Liquid

Breakup by Application:

• Packaging
• Construction
• Automotive
• Others

Breakup by Region:

• North America (United States, Canada)
• Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value ChainLandscape
• Comprehensive Mapping of the Competitive