Plastic Antioxidant Market Analysis by Recent Developments and Demand 2021 to 2026

The Global Plastic Antioxidant Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The plastic antioxidants market is expected to register a CAGR of over 5% during the forecast period.

Top Companies in the Global Plastic Antioxidant Market are ADEKA CORPORATION, 3V Sigma SpA, Ampacet Corporation, Astra Polymers, BASF SE, Clariant, Dover Chemical Corporation, Emerald Performance Materials, Everspring Chemical Co. Ltd, Milliken & Company, OMNOVA Solutions Inc., Oxris, SI Group Inc., Solvay, SONGWON, Sumitomo Chemical Co. Ltd, Trigon Antioxidants Pvt. Ltd  and others.

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Key Market Trends

Increasing Demand for Polypropylene Resin

- Plastic antioxidants are additives that are added during plastic production to eliminate thermal and oxidation degradation, and they help in increasing the shelf-life of products.

- The usage of plastic antioxidants in polypropylene polymer resin is projected to be the highest during the forecast period, owing to the increasing use of polypropylene in packaging applications, which is likely to drive the plastic antioxidant market.

- Polypropylene resins are also used in heavy-duty sacks, hygiene films, compounding, and others, which is increasing the demand for polypropylene, and consequently, the demand for plastic antioxidants is increasing.

- The plastic packaging market value was estimated at USD 345.91 billion in 2019. It is expected to register a CAGR of over 3% during the forecast period and reach a value of USD 426.47 billion by 2025, which would increase the demand for polypropylene for packaging applications, thus stimulating the demand in the plastic antioxidant market.

- Owing to the above-mentioned factors, the plastic antioxidant market is expected to grow rapidly over the forecast period.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region is expected to dominate the plastic antioxidants market during the forecast period. In countries like China and India, owing to the increasing usage of various resins in various end-user industries, like electrical and electronics, automotive, and oil and gas, the demand for plastic antioxidants has been increasing in the region.

- Owing to their thermal and oxidation resistance properties, the demand for polyethylene and polypropylene resins in the construction and building sector has been on the rise. The rapid increase in urbanization and industrialization in the region is further propelling the demand for plastic antioxidants.

- The phenolic antioxidant type reduces the rate of oxidation of organic matter by transferring hydrogen atom from their OH group to the chain that carries ROO radical, owing to which it is widely used as a plastic additive in polyolefin and other plastic types.

- Furthermore, acrylonitrile butadiene styrene resin is predicted to witness significant growth during the forecast period, due to use in several end-user industries, owing to properties, such as high tensile strength, stiffness, and ductility.

- The construction industry in Asia-Pacific is projected to register a CAGR of over 5% during the forecast period, which may create high demand for polyethylene and polypropylene resins, thereby increasing the demand for the plastic antioxidant market in the region.

- Some of the major companies operating in the Asia-Pacific region are BASF SE, SONGWON, and Solvay.

- The aforementioned factors, coupled with government support, are expected to contribute to the increasing demand for plastic antioxidants during the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Plastic Antioxidant market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Plastic Antioxidant market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Plastic Antioxidant market.

Market Segments: This part of the report discusses product type and application segments of the global Plastic Antioxidant market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Plastic Antioxidant used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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