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Plastic Antioxidants Market To 2026 Extensively Used By The Majority Of Industries Forecast

02-17-2020 03:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Plastic Antioxidants Market

Plastic Antioxidants Market

Protection offered by antioxidants against thermal and oxidative degradation and promising plastic consumption have boosted the growth of the global plastic antioxidants market

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Major motivators for market growth:
Protection provided by antioxidants against thermal and oxidative degradation and promising plastic consumption have boosted the growth of the global plastic antioxidants market. However, the implementation of stringent regulatory policies hampers the market growth. On the contrary, expansion in use of agriculture plastic is expected to create lucrative opportunities in the near future.

Phenols segment dominated the market:
Based on type, the phenols segment held the largest share in 2018, contributing to nearly two-fifths of the global plastic antioxidants market, owing to rise in the adoption of high-performance plastic. However, the phosphites segment is expected to register the fastest CAGR of 7.1% during the forecast period. As phosphites function as an extender that enhances the life cycle of the final products, which increases the growth of the segment.

Polymer resin segment to manifest fastest CAGR through 2026:
Based on polymer resin, the polypropylene segment is projected to portray the fastest CAGR of 7.1% through 2026, owing to rise in demands across the range of industries. However, the polyethylene segment held the largest share in 2018, accounting for nearly one-third of the global plastic antioxidants market, due to rise in demands of polyethylene in the packaging industry.

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North America to manifest the fastest CAGR:
The market across North America is expected to manifest the fastest CAGR of 7.3% during the forecast period, owing to rise the increase in the adoption of plastic material for packaging used in various industries. On the other hand, the Asia-Pacific the market dominated in 2018, contributing to around half of the total revenue, owing to the presence of a huge consumer base i.e. established automotive and electronic & electrical industries, and stable growth in the construction industry.

Allied Market Research recently published a report, titled, "Plastic Antioxidants Market by Type (Phenols, Amines, Phosphites, Organic Sulfides, Antioxidant Blends, and Others), Form (Liquid and Solid), and Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene (ABS), and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global plastic antioxidants industry was pegged at $3.02 billion in 2018 and is expected to reach $4.96 billion by 2026, registering a CAGR of 6.4% from 2019 to 2026.

Major market players:
o SI Group
o Clariant AG
o BASF SE
o Sumitomo Chemical Co. Ltd
o Dover Chemical Corporation
o Everspring Chemical Co. Ltd
o Amfine Chemical Corporation
o 3v Sigma USA Inc
o Songwon
o Solvay S.A

Obtain Report Details: https://www.alliedmarketresearch.com/plastic-antioxidants-market

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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