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  • Plastic Antioxidants Market Growth Analysis | 2023-2028

    Plastic Antioxidants Market Growth Analysis | 2023-2028

    Plastic Antioxidants Market Growth Analysis | 2023-2028
    Report code - SRAM211 Delivery - 2 Weeks
    Plastic Antioxidants Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis See more...

    Market Insights

    The plastic antioxidants market was valued 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.

    Plastic-Antioxidants-Market-Insights

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    What are plastic antioxidants?

    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 temperature and works best in their solid phase. Two oxidants can be blended at times to offer results that are much more efficient than a single antioxidant.

    Plastic Antioxidants Market Highlights

    Market Size in 2022

    USD 2.33 billion

    Market Size in 2028

    USD 3.16 billion

    Market Growth (2023-2028)

    5.13% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The growth of the plastic antioxidants market is primarily driven by-

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

    Plastic-Antioxidants-Market-Dynamics

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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.

    Plastic-Antioxidants-Market-Regional-Insights

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    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 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)

    Plastic-Antioxidants-Market-Segmentation

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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 

    Research Methodology

    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 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Plastic Antioxidants Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    The plastic antioxidants market was valued at USD 2.33 billion in 2022.

    The plastic antioxidants market is likely to reach USD 3.16 billion in 2028.

    The growth of the plastic antioxidants market is 5.13% CAGR during 2023-2028.

    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., and Evonik Industries AG are among the key players in the market.

    The polypropylene segment and Phenolic antioxidants segment are estimated to grow with the highest CAGR during the forecast period.

    Asia-pacific is expected to have the highest growth during the forecast period.

    Rapid urbanization, rising disposable income, improved standard of living, and replacement of conventional materials by plastics in various end-use industries are the factors driving the growth of plastic antioxidants market.

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