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Plastic Antioxidants Market Size, Share & Industry Analysis, By Type (Phenolic, Phosphite, Antioxidant Blend, Others), By Polymer Resin (Polypropylene, Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polystyrene) Others and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102368 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Plastics tend to change over time due to exposure to heat, radiation, or a corrosive environment. The changes occur as a result of oxidative degradation and can severely affect the properties and service life of the polymers. To prevent the degradation of plastics, antioxidants are added. Antioxidants obstruct autoxidation of plastics with atmospheric oxygen. Some polymers undergo oxidation at room temperature, while others are at the risk of thermal oxidation while processing. The plastics are molded and cast at high temperatures, and under those conditions, oxidation occurs at a rapid pace. Antioxidants are of prime importance as they help in the stabilization of plastics during the processing stage, and to increase the service life.


Key Market Driver -

Rising demand for plastic to replace conventional materials

Key Market Restraint -

Health effects of plastic antioxidants


The key market driver for the global plastic antioxidants market is the rising demand for plastics to replace conventional materials. Manufacturers of automotive and construction components prefer to replace metal components with plastic components due to their similar properties. Also, plastics are lightweight, thereby the demand for plastics is increasing which is supporting the growth of plastic antioxidants market.  


Key market restraint for the global plastic antioxidants market is the health effects of plastic antioxidants. The antioxidants present in plastics can migrate and lead to human exposure via materials in contact with food or during recycling and recovery processes. 


Market Segmentation:


Based on type, the plastic antioxidants market is segmented into phenolic, phosphite, antioxidant blend, and others. Based on polymer resin, the market can be segmented into polypropylene, polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, and polystyrene.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players Covered:


Some of the notable companies in the global plastic antioxidants market are BASF SE, LANXESS A.G., Solvay S.A., Adeka Polymer Additives, OMNOVA Solutions Inc., SONGWON, SI Group, Clariant, Sumitomo Chemical, Dover Chemical Corporation, Everspring Chemical Co., Ltd., 3V Sigma USA Inc., Trigon Antioxidants Pvt. Ltd., Krishna Antioxidants Pvt. Ltd., and other key players.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


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The global plastic antioxidants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. High demand for plastic antioxidants in North America is due to the growing use of polyethylene and polypropylene resins for packaging in the food & beverage industry. Rising awareness and regulations imposed by the government is expected to drive the plastic antioxidants market in this region. The growing use of polymers for automotive applications is anticipated to increase the market in Europe. Increasing demand for plastics from building & construction, and electrical & electronics industry will propel the plastic antioxidants market in Asia Pacific. The growth of the market in Latin America is estimated to occur due to the rising consumption of polyvinylchloride, and polypropylene in building & construction, and energy industries. In the Middle East & Africa, the growth of plastic antioxidants market can be owed to the high demand from petrochemicals and oil & gas industries.  


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Phenolic

  • Phosphite

  • Antioxidant Blend

  • Others



By Polymer Resin




  • Polypropylene

  • Polyethylene

  • Polyvinyl Chloride

  • Acrylonitrile Butadiene Styrene

  • Polystyrene



By Geography




  • North America (U.S., Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



Key Industry Developments



  • In January 2019, BASF SE opened its new antioxidants manufacturing plant at the Caojing site in Shanghai, China with the capacity of 42 KT per annum. The plant will produce antioxidants, and related blends for the plastic additives market.   

  • In July 2018, BASF SE announced plans to increase the global production capacity its plastic antioxidant Irganox 1010 by 40% with expansion projects in Juron, Singapore, Switzerland, and Kaisten. The expansion will help the company to serve the market in Asia, Europe, and Middle East & Africa better.


Plastic Antioxidants Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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