Press release
Plastic Antioxidants Market to Witness a Healthy Growth by year end 2025
Plastic Antioxidants Market
Plastics have practically found use across all industries in recent years and have become a key factor in product creation. Plastics are a preferred material for many applications due to its remarkable qualities, including hardness, resistance to chemicals, acid & alkalis, and workability at high temperatures, among others.
Plastics are replacing traditional materials like aluminium, iron, and steel among others because they are inexpensive, simple to produce, and lightweight. One of the primary industries where the movement to replace metal with plastic is gaining pace is the automotive industry.
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Though possessing various high-end and inherently attractive properties, plastics are vulnerable to oxidation during elevated temperature melt processing applications. Plastic antioxidants are the compounds that inhibit oxidation and keep the material intact and workable during application at elevated temperature or during longer duration of exposure.
Oxidation process is a prime reason to numerous unwanted effects in plastics, such as discoloration, sudden variations in melting viscosity, and deteriorating of mechanical properties, leading to decreased overall strength of the material. Due to this, the operating life of the plastic and polymer based products shrinks or remain limited.
During oxidation, a chain reaction process takes place that involves hydro peroxide intermediates and free radicals formation. The primary function of a plastic antioxidant is to stop the process by countering and reacting with these species and decompose them.
Commercially different categories of plastic antioxidants are available that show reactivity with diverse reactive intermediates and at different temperature levels during the oxidation mechanism. Phenolic type of plastic antioxidants functions mainly by searching the radical during the oxidation reaction while the phosphite and phosphonite functions by breakdown of hydro peroxides.
Furthermore, the third plastic antioxidant type is the blend mixture of the above two types. In order to keep the physical and chemical properties of the material unwavering and intact, antioxidants have become an integral part of plastic compounding, which in turn is anticipated to facilitate their market growth over the forecast period.
Plastic Antioxidants Market: Drivers and Restraints
The macro-economic growth of the plastic industry and its increasing utilization in sectors such as automotive, aerospace, packaging, electronics, construction, etc. for various applications is projected to push their market growth over the forecast years.
Manufacturers are intensifying their R&D activities in order to formulate novel product in their plastic antioxidant portfolio with increased efficacy without affecting overall production costs. Further, in order to meet the regulatory approvals across regions, market players are focusing on the commercialization of the new plastic products with less or no toxic nature.
Plastic Antioxidants Market: Segmentation
On the basis of product type
Phosphite and Phosphonite
Antioxidant Blends
Phenolic
Others
On the basis of resin type
ABS (Acrylonitrile butadiene Styrene)
PVC (Polyvinyl Chloride)
Polyethylene
Polypropylene
Polystyrene
Others
Plastic Antioxidants Market: Region Wise Outlook
APAC, with China and India as the major players, is one of the prominent regions witnessing high demand for plastics from the electrical & electronics, automotive, construction, and packaging industries which further create the market for plastic antioxidants in the region.
On account of increased investment in automotive and construction sectors, the North America market is also forecast to witness sustainable growth opportunities over the coming years. Steady growth is estimated to come from the markets in MEA, Latin America and Eastern Europe through 2027.
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Plastic Antioxidants Market Participants
Some of the market players identified across the value chain of the global plastic antioxidants market include:
A.Schulman
Ampacet Corporation
BASF SA
Dover Chemical Corporation
Clariant
Emerald Performance Materials
Evonik Industries
3V Sigma S.P.A
Adeka Corporation
Lanxess
Everspring Chemical Co., Ltd.
Krishna Antioxidants Pvt. Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends and Issues and Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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