“Global Plastic Antioxidants Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global plastic antioxidants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic antioxidants market report has been segmented on the basis of antioxidant type, polymer resin, and region.
Plastic antioxidants are utilized to protect materials from thermally induced oxidation. Plastics is a primary ingredient used for product formulation and have applications virtually in various industries. Because of its exceptional properties such as resistance against chemicals, hardness, acid & alkalis, and workability at high temperature, etc. have made these plastics material primary choice for various applications. Conventional materials, such as iron, aluminum, and steel, etc. are being replaced by plastics owing to their low cost, light weight nature, and easy processablity. In automotive industry metal part is replacing with plastics. Though it possesses various high-end and inherently attractive characteristics, plastics are susceptible to oxidation during high temperature melt processing applications.
Plastic antioxidants are compounds that constrain oxidation and keep material workable and intact during application at high temperature or during longer period of exposure. In addition, oxidation process is a major reason to various unwanted effects in plastics, such as sudden variations in melting viscosity, discoloration, and deteriorating of mechanical properties, which in turn leads to reduced overall strength of the material. Because to this, operating life of plastic and polymer based products remain limited or shrinks.
Increasing demand for plastic antioxidants across various end-use industrial verticals such as packaging and automotive is major factor expected to drive growth of the potential market over the next 10 years. In addition, increasing application scope in automotive industry is key factor expected to support revenue growth of the global market over the next few years. In addition, various features offered by plastic antioxidants such as resistance against acid, chemicals, hardness, and others are among some factor estimated to fuel adoption of these products, which in turn projected to drive growth of the global market over the forecast period. Moreover, plastic antioxidants have wide range of end-use application in various industrial sectors with high efficiency, which in turn expected to drive growth of the global market in the next 10 years.
Asia Pacific plastic antioxidants market is expected to account for significant share in terms of revenue in the global plastic antioxidants market. In addition, the Asia Pacific market is also anticipated to register faster growth in terms of revenue over the next few years, owing to increasing demand from automotive and packaging industries in the countries in this region. Moreover, rising investments by private manufacturers in Asia Pacific region and rising demand from various application segments are other key factors projected to drive growth of the Asia Pacific market in the next 10 years. The market in India is projected to account for moderate share in terms of revenue in the Asia Pacific market. In addition, rising awareness regarding numerous properties offered by these materials among producers in the countries in this region are other factors driving growth of various industries, which in turn is anticipated to fuel growth of the target market in this region.
Global Plastic Antioxidants Market Segmentation:
Segmentation by antioxidant type:
- Phosphite & Phosphonite
- Antioxidant Blends
Segmentation by polymer resin:
- Polyvinyl Chloride
- Acrylonitrile Butadiene Styrene
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Songwon Industrial Co., Ltd.
- Adeka Corporation
- Solvay SA
- SI Group, Inc.
- Clariant AG
- Sumitomo Chemical Company, Limited
- 3V Sigma SpA
- Dover Chemical Corporation
- Everspring Chemical Inc.
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