Plastic Antioxidants Market Till 2023 – Industry Size And Share By Global Competitors | BASF SE, LANXESS, SI Group, Inc., Dover Corporation, Solvay, SAKAI CHEMICAL INDUSTRY CO. LTD.

Market Overview:

Plastic Antioxidants are used to protect the materials from thermally induced oxidation. These inhibitors are composed of phenolic or phosphite & phosphonite ingredients. They offer excellent tensile strength, anti-ageing with impact resistance. These inhibitors are utilized to increase the durability and performance of the equipment. Owing to these factors, they are used in various applications such as aerospace, automotive, coil, petrochemicals, and others.

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As per our analysis, the Global Plastic Antioxidants Market is bifurcated into polymer resin and antioxidants type. The market by polymer resin is further divided into polyethylene, polypropylene, polyvinylchloride, polystyrene, acrylonitrile butadiene styrene. Among these, the polypropylene resin segment holds a major portion of the market on account of its growing use in food packaging, heavy duty sacks, hygiene films, compounding, and others.

Industry Trends:

The market is experiencing a few changes in terms of both production and developments. For instance, Addivant has increased their production capacity of Ultranox 626 capacity by 40%. Ultranox 800 is again saving costs for polypropylene compounders and recyclers and is offering an option for customizing stability of products. Songwon Industrial Group is focusing much on developing antioxidant blends that are tailored to perfection as per the customer’s taste.

Global Competitors:

Some of the prominent players operating in the global plastic antioxidants market are;

• BASF SE (Germany),
• Evonik Industries AG (Germany),
• Solvay (Belgium),
• LANXESS (Germany),
• Dover Corporation (U.S.),
• SI Group, Inc (U.S.),
• Trigon Antioxidants Pvt. Ltd. (India),
• SAKAI CHEMICAL INDUSTRY CO. LTD. (Japan),
• Krishna Antioxidants Pvt. Ltd. (India),
• Shandong Linyi Sunny Wealth Chemicals Co. Ltd. (China)

Market Segmentation:

The Global Plastic Antioxidants Market for can be segmented by polymer resin and antioxidant type.

By Polymer Resin:
• Polyethylene,
• Polypropylene,
• Polyvinylchloride,
• Polystyrene,
• Acrylonitrile butadiene styrene

Among these, Polypropylene resin holds a significant share of the market and finds considerable utility in food packaging, heavy-duty sacks, hygiene films, compounding, and others. Acrylonitrile butadiene styrene resins are mostly used in musical instruments such as piano, recorders, and others. The compound is expected to witness the fastest market growth during the forecast period.

By Antioxidant Type:
• Phenolic,
• Phosphite & phosphonite,
• Antioxidant blends

Among these, Phosphite & phosphonite holds the dominant market share due to its ability to protect products from decay and infuse the same with better stability.

Regional Analysis:

The Plastic Antioxidants Market covers five regions in the world namely;

• APAC,
• North America,
• Europe,
• Latin America,
• the Middle East & Africa

The APAC is dominating the market as several end-user industries are experiencing unprecedented expansion such as automotive, electrical & electronics, petrochemical, and oil & gas industries. India, China, and Japan are showing consumption of such product on an exceptional scale. In addition, acrylonitrile butadiene styrene resin is getting momentum in the region owing to huge traction generated by the end-users.

Intended Audience:

• Plastic Antioxidants Market Manufacturers
• Traders and Distributors of Plastic Antioxidants Market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

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