Plastic Antioxidants Market Growth Analysis | 2023-2028

Market Insights

The plastic antioxidants market was estimated at USD 2.33 billion in 2022 and is likely to grow at a CAGR of 5.13% during 2023-2028 to reach USD 3.16 billion in 2028.

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Market Dynamics

Introduction

Plastic antioxidants are the elements that help in protecting plastic materials from thermal oxidation. Different oxidants react on different elements of the oxidation process and also show up at different reactivity levels in different temperatures.

Plastic antioxidants are effective during different temperature ranges and help in improving the thermal stability and processing of plastics. There are also other such antioxidants that work only at high temperatures and work best in their solid phase. Two oxidants can be blended at times to offer results that are much more efficient than a single antioxidant.

Market Drivers

The major factors driving the growth of the plastic antioxidants market are:

• Rapid urbanization.
• Rising disposable income.
• Improved standard of living.
• Replacement of conventional materials by plastics in various end-use industries.

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Key Players

Some of the major manufacturers are:

• BASF SE
• Adeka Corporation
• Solvay SA
• 3V Sigma S.P.A
• Dover Chemical Corporation
• Everspring Chemical Co., Ltd.
• Ampacet Corporation
• Astra Polymers Compounding Co Ltd.
• Evonik Industries 

Note: The above list does not necessarily include all the top players in the market.

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Segments' Analysis

By Polymer Resin Type

Based on the polymer resin type, the market is segmented as polypropylene, polyethylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene, and others. The polypropylene segment is estimated to have the highest growth in the coming five years. The market is driven by the properties of tertiary carbon atoms present in polypropylene, such as susceptibility to oxidation and thermal degradation. The acrylonitrile butadiene styrene segment is also expected to register the highest growth during the forecast period. The growth is attributed to its high demand from various end-use industries.

By Antioxidant Type

Based on the antioxidant type, the market is segmented as phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and others. Phenolic antioxidants are estimated to lead the market during the forecast period. The growing production and adoption of polypropylene and polyethylene for primary use is expected to drive the growth of this segment.

Regional Insights

In terms of regions, Asia-Pacific is expected to have the highest growth for plastic antioxidants in the coming five years in terms of both value and volume. China and India are the growth engines of the region. The market is sustained by rising disposable income, the ameliorated standard of living, and increasing demand from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects plastic antioxidants market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The plastic antioxidants market is segmented into the following categories:

By Polymer Resin Type

• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

By Antioxidant Type

• Phenolic Antioxidants
• Phosphite & Phosphonite Antioxidants
• Antioxidant Blends
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the polymer resin types by antioxidant type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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