Market Overview:
The global plastic antioxidants market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic antioxidants from the automotive and construction industries. In addition, the growing demand for lightweight and durable plastics is also contributing to the growth of this market. The phenolic type segment is expected to dominate the global plastic antioxidants market during the forecast period. This segment accounted for a majority share of the global market in 2017 and is projected to grow at a CAGR of 6% from 2018 to 2030. The phosphite & phosphonite type segment is projected to grow at a high CAGR during the forecast period owingto its properties such as flame retardancy, thermal stability, and resistance against oxidation.
Product Definition:
Plastic antioxidants are chemicals that are used to prevent the degradation of plastics caused by oxidation. The importance of plastic antioxidants is that they can help to preserve the physical and chemical properties of plastics, which can improve their performance and lifespan.
By Antioxidant Type:
By Antioxidant Type, it's usage.
The global plastic antioxidants market size was valued at USD 6.5 million in 2015. The increasing demand for plastic products coupled with the growing awareness regarding the harmful effects of oxidation is expected to drive the industry over the forecast period.
Phenolic:
Phenolic resins are natural compounds found in various plants and are responsible for their protective coating. Phenolic content in plants is used by animals to protect themselves from parasites, bacteria, and other pathogens that may be present in the vicinity.
Application Insights:
The market is segmented by application into thermoplastic and thermosetting plastics. Thermoplastic polymers include polyolefins, polyamides, styrenics, and PBT resins. They are further divided into copolymers of ethylene (PEs), such as PET and PVC; homopolymer of ethylene (Homo-PVC) and all other copolymers including MDPE, LDPE, LLDPE & HDPE. Antioxidants are used in thermoplastic antioxidants to improve the shelf life as well as physical properties of the end-product.
Antioxidants play a significant role in thermosetting plastics to improve their mechanical strength & durability by providing heat resistance along with chemical stability against oxygen & moisture exposure during production process or after being molded from liquid state.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global plastic production, which will support its growth. China is one of the largest consumers of antioxidants in Asia Pacific as it has been observed that most Chinese manufacturers use phenolic antioxidants on a large scale owing to their low cost as compared to other alternatives such as melamine or cyanuric acid.
North America emerged as the second-largest consumer due to high demand from end-use industries such as automotive, packaging, and construction. High consumption levels coupled with stringent regulations by regulatory bodies are likely to have a positive impact on industry growth over the next eight years. Europe also contributed significantly towards market revenue owing to high demand from end-use industries including electrical & electronics and automotive; however, sluggish economic conditions are expected negatively affect overall industry performance during this period (2018 - 2030).
Growth Factors:
- Increasing demand from end-use industries: The global plastic antioxidants market is projected to grow at a CAGR of 5.5% from 2017 to 2022, owing to the increasing demand from end-use industries such as automotive, construction, and packaging.
- Rising awareness about the benefits of plastic antioxidants: There is a growing awareness among consumers about the benefits of using plastic antioxidants in various applications. This is expected to drive the growth of the global market in the coming years.
- Growing demand for lightweight vehicles: The increasing focus on lightweight vehicles across all major economies is driving the need for high-performance plastics and composites that can offer weight savings without compromising on safety and performance standards. Plastic antioxidants play an important role in enhancing the properties of these materials, which is expected to boost their demand overthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Antioxidants Market Research Report
By Type
By Antioxidant Type, Phenolic, Phosphite & Phosphonite, Antioxidant Blends, Others, By Polymer Resin, Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene, Others
By Application
Thermoplastic Plastics, Thermosetting Plastics
By Companies
BASF SE, Songwon Industrial Co., Ltd., Adeka Corporation, Solvay S.A., SI Group, Inc., Clariant AG, Sumitomo Chemical Company, Limited, 3V Sigma S.P.A., Dover Chemical Corporation, Everspring Chemical Co., Ltd., Evonik Industries AG, Lanxess, Shandong Linyi Sunny Wealth Chemicals Co.,Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Antioxidants Market Report Segments:
The global Plastic Antioxidants market is segmented on the basis of:
Types
By Antioxidant Type, Phenolic, Phosphite & Phosphonite, Antioxidant Blends, Others, By Polymer Resin, Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thermoplastic Plastics, Thermosetting Plastics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Songwon Industrial Co., Ltd.
- Adeka Corporation
- Solvay S.A.
- SI Group, Inc.
- Clariant AG
- Sumitomo Chemical Company, Limited
- 3V Sigma S.P.A.
- Dover Chemical Corporation
- Everspring Chemical Co., Ltd.
- Evonik Industries AG
- Lanxess
- Shandong Linyi Sunny Wealth Chemicals Co.,Ltd.
Highlights of The Plastic Antioxidants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Antioxidant Type
- Phenolic
- Phosphite & Phosphonite
- Antioxidant Blends
- Others
- By Polymer Resin
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Acrylonitrile Butadiene Styrene
- Others
- By Application:
- Thermoplastic Plastics
- Thermosetting Plastics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Antioxidants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic antioxidants are chemicals that can help protect plastic from damage by oxygen and other environmental agents.
Some of the key players operating in the plastic antioxidants market are BASF SE, Songwon Industrial Co., Ltd., Adeka Corporation, Solvay S.A., SI Group, Inc., Clariant AG, Sumitomo Chemical Company, Limited, 3V Sigma S.P.A., Dover Chemical Corporation, Everspring Chemical Co., Ltd., Evonik Industries AG, Lanxess, Shandong Linyi Sunny Wealth Chemicals Co.,Ltd..
The plastic antioxidants market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Antioxidants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Antioxidants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Antioxidants Market - Supply Chain
4.5. Global Plastic Antioxidants Market Forecast
4.5.1. Plastic Antioxidants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Antioxidants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Antioxidants Market Absolute $ Opportunity
5. Global Plastic Antioxidants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Antioxidants Market Size and Volume Forecast by Type
5.3.1. By Antioxidant Type
5.3.2. Phenolic
5.3.3. Phosphite & Phosphonite
5.3.4. Antioxidant Blends
5.3.5. Others
5.3.6. By Polymer Resin
5.3.7. Polyethylene
5.3.8. Polypropylene
5.3.9. Polyvinyl Chloride
5.3.10. Polystyrene
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Antioxidants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Antioxidants Market Size and Volume Forecast by Application
6.3.1. Thermoplastic Plastics
6.3.2. Thermosetting Plastics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Antioxidants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Antioxidants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Antioxidants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Antioxidants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Antioxidants Demand Share Forecast, 2019-2026
9. North America Plastic Antioxidants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Antioxidants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Antioxidants Market Size and Volume Forecast by Application
9.4.1. Thermoplastic Plastics
9.4.2. Thermosetting Plastics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Antioxidants Market Size and Volume Forecast by Type
9.7.1. By Antioxidant Type
9.7.2. Phenolic
9.7.3. Phosphite & Phosphonite
9.7.4. Antioxidant Blends
9.7.5. Others
9.7.6. By Polymer Resin
9.7.7. Polyethylene
9.7.8. Polypropylene
9.7.9. Polyvinyl Chloride
9.7.10. Polystyrene
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Antioxidants Demand Share Forecast, 2019-2026
10. Latin America Plastic Antioxidants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Antioxidants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Antioxidants Market Size and Volume Forecast by Application
10.4.1. Thermoplastic Plastics
10.4.2. Thermosetting Plastics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Antioxidants Market Size and Volume Forecast by Type
10.7.1. By Antioxidant Type
10.7.2. Phenolic
10.7.3. Phosphite & Phosphonite
10.7.4. Antioxidant Blends
10.7.5. Others
10.7.6. By Polymer Resin
10.7.7. Polyethylene
10.7.8. Polypropylene
10.7.9. Polyvinyl Chloride
10.7.10. Polystyrene
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Antioxidants Demand Share Forecast, 2019-2026
11. Europe Plastic Antioxidants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Antioxidants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Antioxidants Market Size and Volume Forecast by Application
11.4.1. Thermoplastic Plastics
11.4.2. Thermosetting Plastics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Antioxidants Market Size and Volume Forecast by Type
11.7.1. By Antioxidant Type
11.7.2. Phenolic
11.7.3. Phosphite & Phosphonite
11.7.4. Antioxidant Blends
11.7.5. Others
11.7.6. By Polymer Resin
11.7.7. Polyethylene
11.7.8. Polypropylne
11.7.9. Polyvinyl Chloride
11.7.10. Polystyrene
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Antioxidants Demand Share, 2019-2026
12. Asia Pacific Plastic Antioxidants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Antioxidants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Antioxidants Market Size and Volume Forecast by Application
12.4.1. Thermoplastic Plastics
12.4.2. Thermosetting Plastics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Antioxidants Market Size and Volume Forecast by Type
12.7.1. By Antioxidant Type
12.7.2. Phenolic
12.7.3. Phosphite & Phosphonite
12.7.4. Antioxidant Blends
12.7.5. Others
12.7.6. By Polymer Resin
12.7.7. Polyethylene
12.7.8. Polypropylene
12.7.9. Polyvinyl Chloride
12.7.10. Polystyrene
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Antioxidants Demand Share, 2019-2026
13. Middle East & Africa Plastic Antioxidants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Antioxidants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Antioxidants Market Size and Volume Forecast by Application
13.4.1. Thermoplastic Plastics
13.4.2. Thermosetting Plastics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Antioxidants Market Size and Volume Forecast by Type
13.7.1. By Antioxidant Type
13.7.2. Phenolic
13.7.3. Phosphite & Phosphonite
13.7.4. Antioxidant Blends
13.7.5. Others
13.7.6. By Polymer Resin
13.7.7. Polyethylene
13.7.8. Polypropylene
13.7.9. Polyvinyl Chloride
13.7.10. Polystyrene
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Antioxidants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Antioxidants Market: Market Share Analysis
14.2. Plastic Antioxidants Distributors and Customers
14.3. Plastic Antioxidants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Songwon Industrial Co., Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Adeka Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Solvay S.A.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SI Group, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Clariant AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sumitomo Chemical Company, Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. 3V Sigma S.P.A.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dover Chemical Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Everspring Chemical Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Evonik Industries AG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lanxess
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shandong Linyi Sunny Wealth Chemicals Co.,Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
