Plastic Antioxidants Market: Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2027

The global Plastic Antioxidants market is estimated to attain a valuation of US$ 807 million by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6% during the forecast period, 2019 - 2027.

With a prime focus on the Plastic Antioxidants sector, the TMR report aims to deliver an all-encompassing analysis, featuring major industry stakeholders worldwide. The report adeptly presents both historical and current market conditions, while also forecasting future trends and market size in a concise and easily understandable format. Additionally, it provides crucial data pertaining to market volume, share, revenue, production, and sales.

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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. 

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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

BASF SE,SI Group, Inc,SONGWON Industrial Group,ADEKA Corporation

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 

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Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Plastic Antioxidants market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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