Global Plastic Antioxidant Market, By Type (Phenolic, Phosphite and Phosphonite, Antioxidant Blends and Others), Polymer Resin (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Other Polymer Resins), Form (Solid, Liquid), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The plastic antioxidant market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4.2 billion by 2029 and to grow at a CAGR of 5.4% in the above-mentioned forecast period.
Plastic antioxidants are basically a class of material that protect plastics from thermally and chemically induced oxidation. Antioxidants have various physical properties such as anti-ageing with impact resistance and excellent tensile strength and are classified on the basis of their ability to interrupt the overall oxidation process. These antioxidants are composed of phosphite or phenolic and phosphonite ingredients and are widely used in the various applications such as aerospace, automotive, coil, petrochemicals and others.
The factors such as growing request for plastic antioxidants across various end-use industrial verticals like packaging and automotive, growing population along with increasing disposable income are the root cause fueling up the market growth rate. Additionally, the various beneficial features offered by plastic antioxidants such as resistance against acid, chemicals, hardness and others will further carve the way for the growth of market. The growing production and adoption of polypropylene is expected to cushion the growth of the market. Moreover, increase in the usage of surfactant in detergent industry and strict regulations on using conventional surfactants will also foster the market growth. On the other hand, the availability of substitutes and the implementation of stringent regulation polices impedes the growth of the plastic antioxidant market.
The constant innovation in the industries such as automotive, packaging, building and construction further requires lightweight materials which is estimated to generate numerous opportunities for the market. On the flip side, it causes allergic responses and can even cause tumors, mutations, and endocrine effects in tested animals which pose as a major challenge to the growth of the plastic antioxidant market.
This plastic antioxidant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plastic antioxidant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Antioxidant Market Scope and Market Size
The plastic antioxidant market is segmented on the basis of type, polymer resin and form. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the plastic antioxidant market is segmented into phenolic, phosphite and phosphonite, antioxidant blends and others.
- On the basis of polymer resin, the plastic antioxidant market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC) and other polymer resins.
- Based on form, the plastic antioxidant market is segmented into solid and liquid.
Plastic Antioxidant Market Country Level Analysis
The plastic antioxidant market is analyzed and market size, volume information is provided by type, polymer resin and form as referenced above.
The countries covered in the plastic antioxidant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the plastic antioxidant market owing to the growing demand for polymer in electrical, automotive, petrochemical and others in the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the presence of many manufacturers in the region and increasing demand for protective coatings in the aerospace and electronics industries.
The country section of the plastic antioxidant market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Antioxidant Market Share Analysis
The plastic antioxidant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic antioxidant market.
Some of the major players operating in the plastic antioxidant market report are BASF SE, SONGWON, Adeka Corporation, Solvay, SI Group, Inc, Clariant, Sumitomo Chemical Co,Ltd, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd., Ampacet Corporation, LyondellBasell Industries Holdings B.V., Astra Polymers, corporate.evonik, Lanxess, Milliken & Company, OMNOVA Solutions Inc., Oxiris Chemicals S.A.., Wells Plastics, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co., Ltd. and Trigon Antioxidants Pvt. Ltd., among others.