Plastic Antioxidants Market:
Growth opportunities in the plastic antioxidants market look promising over the next six years. This is mainly due to the superior mechanical and electrical properties, which help improve abrasion resistance and superior chemical resistance.
Plastic Antioxidants Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major contributor to the growth of the global plastic antioxidants market is their augmented demand which includes PP, ABS, PVC, PE, and other polymers, primarily in medical healthcare, automotive, consumer goods, and building & construction sector. These plastics have exclusive mechanic and electrical features, which help in enhancing the abrasion and chemical resistance than traditional materials. For example, plastics in the automotive industry are implemented to raise the security level and raise fuel efficiency. The airbags in cars are produced from high-strength polymer fabric, which reduces the risk of fatal injury caused by a car crash. Furthermore, these plastics are employed in netting, greenhouse film covers, netting, and mulch films. The increasing utilization of polypropylene resins in heavy-duty sacks, compounding, hygiene stacks further boost their demand, thereby fuelling the plastic antioxidants market size.
Antioxidant Type Segment Drivers
Based on the antioxidant type, phenolic is projected to expand at a higher CAGR during the forecast period. These are the main antioxidants intruding with the chain multiplication by the termination of free radicals and are progressively used for plastics or polymer systems sensitive to thermal and oxidative degradation for formulating peroxides and free radicals. Also, they prevent plastics and other types of polymers from degradation and oxidation at higher processing temperatures.
Regional Drivers
Based on the regional coverage, Asia-Pacific is expected to witness a higher CAGR during the forecast period. This is attributed to the surging usage of resins in end-use industries, including the electronics, automotive, and oil & gas sectors. The thermal and oxidation resistance features have further raised the demand for polyethylene and polypropylene resins in the building and construction industry. Moreover, the remarkable expansion in the construction sector experienced by Asian countries such as China and India support market growth. The construction sector in India is extending due to the country’s accelerating number of real estate and urban development projects.
Plastic Antioxidants Market’s leading Manufacturers:
- Everspring Chemical Co., Ltd.
- 3V Sigma S.p.A.
- Clariant
- Solvay
- SONGWON
- DOVER CHEMICAL CORPORATION
- Sumitomo Chemical Co., Ltd.
- SI Group, Inc.
- ADEK CORPORATION
- BASF SE
Plastic Antioxidants Market Segmentation:
Segmentation by Antioxidant Type
- Phenolic Antioxidants
- Phosphite & Phosphonite Antioxidants
- Antioxidant Blends
- Others
Segmentation by Polymer Resin
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
