Plastics gaining preference over conventional materials are rising the Plastic Antioxidants Market

December 09 18:02 2020
Plastics gaining preference over conventional materials are rising the Plastic Antioxidants Market

Browse 244 market data Tables and 58 Figures spread through 234 Pages and in-depth TOC on “Plastic Antioxidants Market”
Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region

Antioxidants are used in a wide range of polymers such as PE, PP, and PVC. These plastics are used in industries such as packaging, building & construction, and automotive. Plastics have superior mechanical and electrical properties, enhanced abrasion resistance, and superior chemical resistance than conventional materials such as metals, glass, paper, and ceramic. Continuous innovation and the need for more lightweight materials in several industries have led to the replacement of metals, glass, paper, and ceramic with plastics in packaging, building & construction, and automotive industries. This is expected to drive the market for plastic antioxidants.

The plastic antioxidants market size is estimated to be USD 2.0 billion in 2020 and is expected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% during the forecast period. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market. The major restraint for the market will be adverse effect on health from synthetic plastics antioxidants. However, the untapped demand in the agricultural sector of developing countries will act as an opportunity for the market.

To know about the assumptions considered for the study download the pdf brochure

Phosphite & Phophonite are projected to be the fastest growing type in the plastic antioxidants market

Phosphites & phosphonites are phosphorus-based secondary antioxidants. Secondary antioxidants are known as hydroperoxide decomposers as they react with hydroperoxides to produce non-radical products. They are used in combination with primary antioxidants. Phosphites & phosphonites are among the most effective stabilizers, as they protect both primary antioxidants and the polymers during processing. Hydrolytically stable phosphites & phosphonites are generally the most frequently used polymer stabilizers. Strong demand for plastics in applications, such as automotive and construction are driving the demand for phophites & phophonites. This plays a key role in driving the plastic antioxidants market in this region. China and Japan house major players in electronics, automotive, and consumer goods. These industries generate high demand for plastics, and in turn, high demand for plastic antioxidants.

The PP estimated to be the largest polymer resin segment of the plastic antioxidants market

PP is a thermoplastic polymer with the presence of tertiary carbon atoms. The presence of tertiary carbon atoms makes it susceptible to oxidation and thermal degradation at high temperatures. Polypropylene is processed at temperatures between 428°F and 536°F, and under these conditions, it degrades to form low molecular weight products. Thus, antioxidants are added to PP to stabilize it. Antioxidants are added during the manufacturing process and palletizing. The commonly used antioxidant for PP is butylated hydroxyl-toluene (BHT), which is used as a primary antioxidant, and phosphite & phosphonite, used as secondary antioxidants. Blends of thioesters and phenol antioxidants are also used. Polypropylene is used in packaging & labeling, automotive components, stationery, plastic parts, reusable containers, laboratory equipment, and loudspeakers.

APAC projected to be fastest growing region for the plastic antioxidants market

The region is characterized by a growing population and economic developments. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the plastic industry. This, in turn, is expected to drive the plastic antioxidants industry in the near future. The increase in employment rate, the rise in disposable income of the people, and an increase in foreign investments in various industries of the economy are some of the other factors that make APAC an attractive market for plastic antioxidants manufacturers.

The key market players profiled in the report include BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), and Dover Chemical Corporation (US).

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=106598592

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/plastic-antioxidant-market-106598592.html

view more articles

About Article Author