Press release
Plastic Antioxidants Market 2022 to 2028 Growth Trends and Market Forecasts | 3V Sigma S.p.A., Adeka Corporation, BASF SE, Clariant AG
Global Plastic Antioxidants Market Size, Status and Forecast 2022-2028The report discusses many vital industry facets that influence global Plastic Antioxidants industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and trends, top market contenders, and recent consumption tendency of the end user. The report also manages market size, market share, growth rate, revenue, and CAGR reported before along with its forecast estimation.
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
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The prominent players in the global Plastic Antioxidants Market are: 3V Sigma S.p.A., Adeka Corporation, BASF SE, Clariant AG, Dover Chemical Corporation (ICC Industries Inc.), Everspring Chemical Co. Ltd., Lanxess AG, LyondellBasell Industries N.V., Solvay S.A., Songwon Industrial Co. Ltd., Sumitomo Chemical Co. Ltd. and Synthomer plc.
Regional Assessment
Geographically, the global Plastic Antioxidants market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and others), Asia-Pacific (China, India, Japan, and others), and LAMEA (Latin America, Middle East, and Africa).
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Market Insights
Plastic antioxidants help protect materials against thermal and light-assisted oxidation reactions that are caused by ultraviolet (UV) light exposure during high-temperature processing operations. They are utilized in a wide range of applications to enhance the appearance and maintain strength, stiffness, and flexibility of products while prolonging their service life. Nowadays, several manufacturers are offering multifunctional variants that have special molecular designs and combine primary and secondary functions in one compound.
Polymers change over time when exposed to oxygen, light, radiation, excessive heat, and corrosive environments. This can lead to loss of impact strength, elongation, surface cracks, discoloration, and poor service life of products. As a result, plastic antioxidants are widely utilized in various end use industries to inhibit oxidative degradation and maintain the integrity of products during long-term storage. Apart from this, plastic antioxidants are extensively utilized in the manufacturing of a wide range of polymer-based interior and exterior components of vehicles, such as bumpers, dashboards, steering wheels, and switches. In addition to this, stringent emission standards implemented by governing agencies of several countries are encouraging original equipment manufacturers (OEMs) to adopt plastic antioxidants in modern vehicles. Plastic antioxidants assist in minimizing the risk of excessive volatile organic compound (VOC) emissions caused by polymer degradation. Besides this, the expanding use of medical equipment worldwide on account of the growing prevalence of acute and chronic diseases and the rising geriatric population is contributing to the market growth. Furthermore, the emerging trend of sports accessories and electronic items, such as cable insulation and circuit boards, is driving the applications of plastic antioxidants in the telecommunications, electronics, and sports industries across the globe.
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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
Key Takeaways from Plastic Antioxidants Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Plastic Antioxidants market - key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance - Plastic Antioxidants market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to advance top-line revenues
─Appreciate the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a rapid outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Plastic Antioxidants
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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