Market Research Report
Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||577304|
|Published||Content info||137 Pages
Delivery time: 1-2 business days
|Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region - Global Forecast to 2024|
|Published: October 22, 2019||Content info: 137 Pages||
"Replacement of conventional materials by plastics in various industries is expected to drive the plastic antioxidants market."
The global plastic antioxidants market size is estimated to be USD 2.2 billion in 2019 and is projected to reach USD 2.8 billion by 2024, at a CAGR of 5.0%. The plastic antioxidants industry is driven largely by the increasing use of plastics in the packaging, building & construction, and automotive sectors, among others.
Plastics possess superior mechanical and electrical properties, enhanced abrasion resistance, and excellent chemical resistance, as compared to conventional materials, such as metals, glass, paper, and ceramic. The increasing use of plastics is expected to drive the plastic antioxidants market. However, health effects associated with the usage of synthetic plastic antioxidants are the major restraints for the growth of the market.
The phosphite & phosphonite segment is expected to witness the highest growth from 2019 to 2024. The ability of phosphite and phosphonite antioxidants to provide better color stabilization and its melt viscosity to plastics are the key factors driving the growth of the segment.
The ABS resin segment is estimated to be the fastest-growing segment between 2019 and 2024, in terms of value. The growth of the segment can be attributed to the increasing demand and manufacturing of ABS in APAC, especially in China.
China accounts for more than one-third of the global capacity of ABS and more than half of the global consumption. This is majorly due to the growing demand for electrical & electronic devices and consumer appliances in China. The durable and robust nature of ABS drives its demand in various industries, such as home appliances, electrical & electronics, and automobiles.
The plastic antioxidants market in APAC is projected to witness the highest growth during the forecast period. The growing demand for plastics from the building & construction, agriculture, packaging, and automotive industries is expected to fuel the growth of the plastic antioxidants market in the region. The rising population and increasing disposable income in countries such as China and India are fueling the growth of the building & construction, packaging, and automotive industries in APAC, thus, driving the global plastic antioxidants market growth.
The key players profiled in the report include as: BASF (Germany), SONGWON (South Korea), Adeka Corporation (Japan), SI Group (US), Clariant (Switzerland), Solvay (Belgium), Sumitomo Chemical (Japan), Dover Chemical Corporation (US), Everspring Chemical Co., Ltd. (Taiwan), and 3V Sigma S.P.A. (US).
This report segments the market for plastic antioxidants based on antioxidant type, polymer resin, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for plastic antioxidants.
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the plastic antioxidants market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.