Global Plastic Antioxidants Market, 2024-2030

Oxidation is a chain reaction process involving free radical and hydroperoxide intermediates. Antioxidants inhibit this process by reacting with and decomposing these reactive species. Different families of antioxidants are reactive with different intermediates in the oxidation process and also present different levels of reactivity as a function of temperature. Oxidation process is a prime reason to numerous unwanted effects in plastics, such as discoloration.

There is natural phenomenon of polymer degradation, which can’t not completely stop, and causes the deterioration of physical & mechanical properties, discoloration, appearance, processing, thermal stability properties of the polymer, sudden variations in melting viscosity, leading to decreased overall strength of the material. This tends to the operating life of the plastic and polymer-based products shrinks or remain limited. To protect the polymer from the degradation of its properties the antioxidant playing vital role keep them safe and ensure polymer products’ service life.

Antioxidants are added to plastics to inhibit degradation caused by thermo-mechanical or thermo-oxidative conditions. Antioxidants extend a product's life, enhance the appearance and maintain its strength, stiffness and flexibility. The way these antioxidants interrupt the degradation process varies according to their structure. Several amines, phenolics, phosphites, thioesters etc. are employed as antioxidants for plastics. The hindered phenols as a antioxidant are useful to improve both the processing and long-term thermal stability of plastics. The phosphites and thioethers kind of antioxidants are long-term use high temperatures. Also Blends and Special additives known as metal deactivators are used to chelate with transition metal ions and render them inert as oxidation catalysts.

The global plastic antioxidants research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global plastic antioxidants market is growing at a fast pace and increasing its geographical footprint rapidly. The global plastic antioxidants market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to growth of the plastic industry and its increasing utilization to end user industry such as automotive, aerospace, packaging, electronics, construction and consumer product. The major growth driver for plastic antioxidants market are the growing production and adoption of polypropylene and polyethylene, also the properties of tertiary carbon atoms present in polypropylene, such as susceptibility to oxidation and thermal degradation.

Plastic antioxidants enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of Plastic antioxidants market globally. The companies that lead global market are BASF SE, Solvay, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, A. Schulman, Evonik, Lanxess, Milliken & Company, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co., Ltd., Trigon Antioxidants Pvt. Ltd. and among others

Research Methodology

The research process includes the market segmentation of the global plastic antioxidants market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global plastic antioxidants market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global plastic antioxidants industry dynamics
• Estimation of the present global plastic antioxidants market size in terms of value and volume
• Global plastic antioxidants market breakup based on by type and application
• Verified global plastic antioxidants market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global plastic antioxidants industry value chain.