Growing end-user demand proliferates the Global Plastic Antioxidants Market

Posted by rohan on October 18th, 2019

Market Overview:

Plastic antioxidants are expected to grow from US$ 1.77 billion in 2018 to reach US$ 2.21 billion by 2023 at a CAGR of approximately 4.6%. The high disposable income and the easy availability of products in the market are expected to generate high revenues in the market. 

Recent Developments:

In Yutaka Yonezawa ADEKA Corporation, the Division of Specialized Additives of the Laboratory of Research and Development of Polymer Additives has published the document focusing on non-halogenated flame retardants for polyolefins. The ADK Stabilizer FP-2000 series has been developed for polyolefins such as polypropylene, polyethene and their copolymers, which provide fire resistance and retain the desired mechanical properties. Irgafo processing mixers and stabilizers offer the recommended market reference to ensure processing stability.

Market Drivers and Restraints:

The high economic growth of the plastics industry and the increasing use in various fields, such as automotive, aerospace, packaging, electronics, construction, etc. for many applications, are driving the demanding growth of the market of antioxidants for plastics. Antioxidants that are used to increase the life of polymers due to oxidation are possible. The demand for antioxidants increases the share of market demand for the plastic product in the next period. They stabilize plastics during the shelf life and processing techniques. 

Processing techniques such as extrusion and injection are carried out at high temperatures. As a result, health and consumption work for recent developments in natural non-migratory antioxidants is driving the market of plastic antioxidants. The long-lasting and robust nature of ABS drives demand in various industries, such as cars, appliances, electricity and electronics. The health effects associated with the use of synthetic plastic antioxidants have a significant impact on the growth of the market of plastic antioxidants.

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Report segmented as

By Polymer Resin:

  • Polyethylene,
  • Polypropylene,
  • Polyvinyl Chloride,
  • Polystyrene,
  • Acrylonitrile Butadiene Styrene

By Application:

  • Phenolic,
  • Phosphite & Phosphonite,
  • Antioxidant blends

Geographical Analysis:

Geographically, the world market can be divided into regions such as North America, South America, Asia-Pacific, and the Middle East and Africa. North America is the market leader in plastic antioxidants. The Asia Pacific region is expected to increase revenues in the coming years. With the availability of cheap labor, higher disposable income and a high standard of living, the Asia-Pacific region has increased the market.

Important Market Players:

BASF, Songwon, SI Group, ADEKA, Clariant, A. Schulman, Milliken, Solvay, Dover Corporation, 3V Sigma, Sumitomo, Sakai Chemical, Everspring Chemical, OmNOVO Solutions, Evonik Industries, Ampacet Corporation, Lanxess, Astra Polymers, Krishna Antioxidants, Emrald Performance Materials, Trigon Antioxidants, Rifra Masterbatch, Oxiris Chemicals, Wells Plastics and Shandong Linyi Sunny Wealth Chemical Co. are the main competitors in the market of antioxidants in plastic.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast


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Joined: September 20th, 2017
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