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.
Get Free Sample Copy of Report at – https://www.imarcgroup.com/plastic-antioxidants-market/requestsample
Plastic Antioxidants Market Outlook:
Plastic antioxidants refer to substances that are used to prevent the degradation caused by thermo-oxidative and thermo-mechanical conditions. They protect materials against thermal and light-assisted oxidation reactions that are induced by ultraviolet (UV) light exposure during high-temperature processing operations. Plastic antioxidants are categorized into several forms, such as phenolics, thioesters, amines, phosphates, etc. These substances find extensive applications to enhance the appearance and maintain stiffness, strength, and flexibility of products while extending their service life. Some of the plastic products that commonly comprise antioxidant additives include polyethylene films (PE films) for food packaging applications, fittings and pipes in the construction industries, and other derivatives produced from polypropylene (PP).
Plastic Antioxidants Market Growth:
The escalating demand for these substances in the production of polymer resins, such as polyvinyl chloride (PVC), polystyrene (PS), acrylonitrile butadiene styrene (ABS), etc., is among the primary factors driving the plastic antioxidants market. Besides this, they are also utilized in numerous industries to inhibit oxidative degradation and maintain the integrity of items during long-term storage, which is augmenting the market growth. Moreover, the growing popularity of plastic antioxidants in the manufacturing of interior and exterior components of vehicles, including bumpers, dashboards, steering wheels, switches, etc., is further catalyzing the global market. Apart from this, the widespread adoption of sports accessories and electronic items, such as cable insulation and circuit boards, is acting as another significant growth-inducing factor. Furthermore, key market players are focusing on replacing ceramics, glass, metals, and paper with lightweight materials in the packaging industry, which is expected to bolster the plastic antioxidants market in the coming years.
Key Market Segmentation:
Competitive Landscape with Key Players:
- 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)
- Asia 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 Chain
- Comprehensive Mapping of the Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
