With 6.59% CAGR, Plastic Antioxidants Market Size Worth US$ 5.2 Billion in 2027

IMARC Group's latest report, titled "Plastic Antioxidants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", 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.

Antioxidants are combined with plastics to prevent the degradation generally caused by thermo-oxidative and thermo-mechanical conditions. Plastic antioxidants aid in extending life, enhancing appearance, maintaining the stiffness, flexibility, and strength of a product, etc. In line with this, there are various phenolics, thioesters, and amines that are used in the form of plastic antioxidants. Some of the plastic products that commonly consist of antioxidant additives include fittings and pipes. Presently, key market players are offering multifunctional variants that have special molecular designs and combine primary as well as secondary functions in one compound.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/plastic-antioxidants-market/requestsample

Plastic Antioxidants Market Trends:

The increasing popularity of lightweight materials in the packaging sector is primarily augmenting the plastic antioxidants market. Furthermore, polymers change over time when exposed to radiation, excessive heat, oxygen, light, corrosive environment, etc., which is propelling the demand for plastic antioxidants in several end-use industries to inhibit oxidative degradation and maintain the integrity of products during long-term storage. Apart from this, the widespread adoption of plastic antioxidants in the production of polymer resins, including PE, PP, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene, etc., is acting as another significant growth-inducing factor. Moreover, the rising usage of these resins across the consumer goods, medical, automotive, and building and construction sectors is further positively influencing the global market. Besides this, the lack of an economical and viable substitute for conventional plastics is also bolstering the market growth. Additionally, the growing investments in R&D activities by leading manufacturers are expected to fuel the plastic antioxidants market in the coming years.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/plastic-antioxidants-market

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• 3V Sigma S.p.A
• Adeka Corporation
• BASF SE
• Clariant AG
• Dover Chemical Corporation (ICC Industries Inc.)
• Everspring Chemical Co. Ltd
• Evonik Industries AG
• Lanxess AG
• LyondellBasell Industries N.V
• Solvay S.A
• Songwon Industrial Co. Ltd
• Sumitomo Chemical Co. Ltd
• Synthomer plc

Key Market Segmentation:

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

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse More Research Reports:

• https://www.imarcgroup.com/asia-pacific-weight-management-market
• https://www.imarcgroup.com/silicone-potting-compounds-market
• https://www.imarcgroup.com/esim-market
• https://www.imarcgroup.com/automotive-ceramics-market
• https://www.imarcgroup.com/pearlescent-pigment-market

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.