PLASTIC ANTIOXIDANTS MARKET TO REACH ~ US$ 1.4 BN BY 2027: TRANSPARENCY MARKET RESEARCH

Key Highlights

The global plastic antioxidants market was valued at ~ US$ 807 Mn in 2018, and is anticipated to expand at a CAGR of ~ 6% from 2019 to 2027.
The global plastic antioxidants market is driven by the growth in the propylene and automotive industry.
In terms of value, the plastic antioxidants market in Asia Pacific is expected to expand at a CAGR of ~ 7% during the forecast period. China held a major share of the plastic antioxidants in Asia Pacific in terms of production and consumption in 2018.
plastic antioxidants market segmentation

Request Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35417

Key Drivers of the Plastic Antioxidants Market

The demand for plastic antioxidants has been increasing, owing to their characteristics such as reduction of fire ignition, decrease in flame spreading, and suppression of smoke formation. Oxidation can cause the degradation of polymers due to factors such as increase of temperature, electromagnetic radiation, and presence of contaminants and atmospheric pollutants. Therefore, small amounts of antioxidants are usually added to polymer matrix to mitigate the damaging effects of oxidation.
Plastic antioxidants are used to provide protection against degradation during the manufacture and long-term storage of polymers, as well as to hamper scorching during the formation of polymers.
The plastic antioxidants market is also driven by the expansion of the paints & coating industry. Increasing investments in the construction industry in emerging economies and expansion in the automotive sector are estimated to offer lucrative opportunities to the plastic antioxidants market in the near future. Plastic antioxidants help maintain stability and improve gloss in most printing inks.

More Trending Reports by TMR:

https://www.prnewswire.com/news-releases/advancements-in-research-related-to-pharmaceutical-excipients-to-aid-growth-across-the-global-maltitol-market-says-tmr-301028772.html

Polypropylene to Offer Lucrative Opportunities

According to the International Energy Agency, the sales of electric buses stood at around 100,000, while the sales of two wheelers stood at 30 million across the globe in 2017. China accounted for a major share in terms of the sales of buses as well as two wheelers in the year. According to the European Association of Motorcycle Manufacturers (ACEM), the registration of electric mopeds, motorcycles, and quadricycles reached 14,251 units in the first three months of 2019, in Europe, up 71.2%, as compared to 8,326 units during the first three months of 2018.
Expansion of the automotive sector across the globe, especially in developing regions, is expected to drive the demand for polypropylene, thereby propelling the plastic antioxidants market, as plastic antioxidants are extensively employed in the protection of polypropylene during processing.
A car is generally made up of around 32% of polypropylene and 16% of PVC. It requires large amounts of plastic antioxidants in order to guard against the degradation of polymers. As a result, manufacturers operating in the global plastic antioxidants market are striving to develop antioxidants to lower the risk of the degradation of polymers and increasing their lifespan.
Asia Pacific Dominates Plastic Antioxidants Market

Based on region, the global plastic antioxidants market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In terms of production, Asia Pacific holds a major share of the global plastic antioxidants market, as key consuming countries such as China, India and Japan, are based in the region.
China leads in terms of production and consumption of plastic antioxidants in Asia Pacific. The building & construction industry held a prominent share of the plastic antioxidants market in Asia Pacific.
The presence of rapidly expanding economies such as India and China is estimated to create lucrative opportunities for the plastic antioxidants market in Asia Pacific in the near future
Market Share of Prominent Players

REQUEST FOR COVID19 IMPACT ANALYSIS:

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=35417

Major players operating in the global plastic antioxidants market are engaged in product development and mergers & acquisitions in order to increase their market share. Key players operating in the plastic antioxidants market include BASF SE, SONGWON Industrial Group, SI Group, Inc. Solvay S.A., and 3V Sigma USA Inc.
SONGWON Industrial Group is primarily engaged in the production of antioxidants such as amine, phenolics, phosphites, and blends. In 2017, the company expanded its product line for antioxidant SONGNOX 5650 at its Panoli facility, based in Gujarat, India, in order to cater to the demand for antioxidants across the country.
Global Plastic Antioxidants Market: Research Scope

Global Plastic Antioxidants Market by Type

Phenolics
Phosphites
Amines
Thioesters
Blends
Global Plastic Antioxidants Market by Application

PP
PE
PVC
PS
ABS
Others (including PU, Polyol, PET, Acrylic, Acrylonitrile Butadiene, Styrene, Fiberglass, and Nylon)
Global Plastic Antioxidants Market by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Office No. 501-A, 5th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045
India

We are the ‘difference’ between success and failure in business. It can’t get simpler than this in explaining what we are. A market research company, our reports and expertise into and outside your business circles is the guideline to success. And this is not what we claim, but this is what our clients tell about us and our reports. We are leaders in providing cutting-edge market intelligence reports that are brought out of more than 5 million hours of expertize in market intelligence at the global, national, and local levels. Not just that, our niche lies in delivering tailored business intelligence that is exclusive for the specific client.

This release was published on openPR.