Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2023 –2029 | |
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| USD 1,569.15 Million | |
| % | |
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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
Market Analysis and Insights of Plastic Antioxidant Market
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.
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.
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.
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.
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Plastic Antioxidant Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Plastic Antioxidant Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.