Market Size

The global plastic antioxidants market size was valued at USD 2.0 billion in 2020. Overall market is estimated to reach a value of USD 2.6 billion in 2027. The plastic antioxidants market analysis shows that it will grow with a CAGR of 5.3% over the forecast period of 2021 to 2027.

Market Insight

The market is primarily driven by the increasing demand for plastic antioxidants in polymer resins such as PP, PE, PS, PVC, and ABS for applications in consumer goods, automotive, medical & healthcare, and building & construction. The plastic antioxidants market will be fueled by factors such as rising demand in the medical industry, plastics replacing conventional materials, and rapid urbanization in developing countries. It has been estimated that, Asia Pacific is the world's largest market for plastic antioxidants in terms of value and volume, followed by Europe and North America. Global COVID-19 impact brought numerous industries to a halt. The decline in demand for plastics in application segment such as building & construction, automotive, packaging and consumer goods has resulted in a decline in demand for additives used in the processing of plastics, including plastic antioxidants. However, after 2020 3rd quarter, industries began to operate, albeit with a limited workforce and with the expectation of being fully operational by the end of 2020. Given the foregoing, the plastic antioxidants market is anticipated to contract in 2020 before rebounding to grow at a positive rate during the forecast period.

Market Driver

Antioxidants are incorporated into a variety of polymers, including PP, PVC, and PE. These plastics are used in a variety of industries, including packaging, automotive, and construction. Plastics outperform conventional materials such as metals, glass, ceramics and paper in terms of electrical and mechanical properties, abrasion resistance, and chemical resistance. Moreover, continuous innovation and a desire for lighter materials in a variety of industries have resulted in the substitution of plastics for metals, glass, ceramics, and paper in the building & construction, automotive, and packaging industries. This is expected to propel the plastic antioxidants market. Plastics have been instrumental in several advancements in the automotive industry, most notably in automobile design, in terms of fuel efficiency, performance, and safety. For example, airbags made of high-strength polymer fabric can significantly reduce the risk of fatal injury in a frontal collision. Furthermore, child safety seats, steering wheels, roof linings, fenders and dashboards have been improved, as have the headlamp covers, fuel system, and other exterior components that are directly exposed to light and heat.

Research Methodology

Plastic Antioxidants market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Plastic Antioxidants Market Size and Outlook by Type

• Phenolic
• Phosphite & Phosphonite
• Antioxidants
• Other

Plastic Antioxidants Market Size and Outlook by Polymer Resin

• PE
• PP
• PVC
• PS
• ABS
• Others

Plastic Antioxidants Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • New Zealand
  • Indonesia
• Central & South America
  • Brazil
  • Chile
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• BASF SE
• SONGWON
• ADEKA CORPORATION
• SOLVAY
• SK CAPITAL (SI GROUP)
• CLARIANT
• SUMITOMO CHEMICAL
• 3V SIGMA S.P.A
• DOVER CHEMICAL CORPORATION
• EVERSPRING CHEMICAL CO., LTD.
• AMPACET CORPORATION
• EVONIK INDUSTRIES

Actionable Outcomes

Our Plastic Antioxidants Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will Service in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Plastic Antioxidants market size
• Plastic Antioxidants market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Plastic Antioxidants market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Plastic Antioxidants market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Plastic Antioxidants market share
• Measures to consider for Plastic Antioxidants market