Market Insights

The plastic antioxidants market was valued at USD 2.2 billion in 2021 and is likely to grow at a CAGR of 5.2% during 2022-2028 to reach USD 3.16 billion in 2028. 

Market Dynamics

The growth of the plastic antioxidants market is primarily driven by-

  • Rapid urbanization,
  • Rising disposable income,
  • Improved standard of living,
  • Replacement of conventional materials by plastics in various end-use industries.

The following are the key features of the report:

·       Market structure: Overview, industry life cycle analysis, supply chain analysis.

·       Market environment analysis: Growth drivers and constraints.

·       Market segment trend and forecast.

·       Competitive landscape and dynamics.

·       Attractive market segments and associated growth opportunities.

·       Emerging trends.

·       Key success factors.

Key Players

  • BASF SE
  • Adeka Corporation
  • Solvay SA
  • 3V Sigma S.P.A
  • Dover Chemical Corporation
  • Everspring Chemical Co., Ltd.
  • Ampacet Corporation
  • Astra Polymers Compounding Co Ltd.
  • Evonik Industries 

Segment Analysis

Based on the polymer resin type, the market is segmented as polypropylene, polyethylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene, and others. The polypropylene segment is estimated to have the highest growth in the coming five years. The market is driven by the properties of tertiary carbon atoms present in polypropylene, such as susceptibility to oxidation and thermal degradation. The acrylonitrile butadiene styrene segment is also expected to register the highest growth during the forecast period. The growth is attributed to its high demand from various end-use industries.

Based on the antioxidant type, the market is segmented as phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and others. Phenolic antioxidants are estimated to lead the market during the forecast period. The growing production and adoption of polypropylene and polyethylene for primary use is expected to drive the growth of this segment.

In terms of regions, Asia-Pacific is expected to have the highest growth for plastic antioxidants in the coming five years in terms of both value and volume. China and India are the growth engines of the region. The market is sustained by rising disposable income, the ameliorated standard of living, and increasing demand from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.

Frequently Asked Questions (FAQs)

-        What will be the size of the Plastic Antioxidants Market in the coming years?

-        Who are the key players in the Plastic Antioxidants Market and what are their market shares?

-        Which region is expected to remain the largest Plastic Antioxidants Market?

-        Which region is expected to witness the highest growth in the Plastic Antioxidants Market?

-        What are the key strategies adopted by the major vendors to lead in the Plastic Antioxidants Market?

Report Customization Options

With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.

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