Startview Research has launched a market research report titled ‘Plastic Antioxidants Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guiding where to invest, giving users detailed information about company profiles, etc. This report provides reliable and accurate market data, that can work as the key to the growth of any business. The report estimates future trends, challenges, linchpins, opportunities, revenue, and future sales count in the target market along with forecasting for a 5-year period.
According to this report, the plastic antioxidants market was valued at USD 2.2 billion in 2021 and is likely to grow at a CAGR of 5.2% during 2022-2028 to reach USD 3.16 billion in 2028.
What are plastic antioxidants?
Plastic antioxidants are the elements that help in protecting plastic materials from thermal oxidation. Different oxidants react on different elements of the oxidation process and also show up at different reactivity levels in different temperatures.
Plastic antioxidants are effective during different temperature ranges and help in improving the thermal stability and processing of plastics. There are also other such antioxidants that work only at high temperature and works best in their solid phase. Two oxidants can be blended at times to offer results that are much more efficient than a single antioxidant.
Market Dynamics
The growth of the plastic antioxidants market is primarily driven by-
- Rapid urbanization,
- Rising disposable income,
- Improved standard of living,
- Replacement of conventional materials by plastics in various end-use industries.
Market Segments' Analysis
Stratview Research has bifurcated the Plastic Antioxidants Market by the following –
· Polymer Resin Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene, and Others),
· Antioxidants Type (Phenolic Antioxidants, Phosphite & Phosphonite Antioxidants, Antioxidant Blends, and Others),
· Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the polymer resin type, the market is segmented as polypropylene, polyethylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene, and others. The polypropylene segment is estimated to have the highest growth in the coming five years. The market is driven by the properties of tertiary carbon atoms present in polypropylene, such as susceptibility to oxidation and thermal degradation. The acrylonitrile butadiene styrene segment is also expected to register the highest growth during the forecast period. The growth is attributed to its high demand from various end-use industries.
Based on the antioxidant type, the market is segmented as phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and others. Phenolic antioxidants are estimated to lead the market during the forecast period. The growing production and adoption of polypropylene and polyethylene for primary use is expected to drive the growth of this segment.
In terms of regions, Asia-Pacific is expected to have the highest growth for plastic antioxidants in the coming five years in terms of both value and volume. China and India are the growth engines of the region. The market is sustained by rising disposable income, the ameliorated standard of living, and increasing demand from various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Market Features
This report on the Plastic Antioxidants Market is one of the important tools with the help of which the users can obtain a well perspective and understanding of the target market and customer. The details in the report cover Covid19 impact on the market and also predict how long will it take to recoup which aids in reducing business failures.
- Trend analysis, pricing, and competitive analysis are some of the vital factors covered in this report.
- This report consists of an in-depth analysis of the market to help businesses in improving decision-making.
- Plastic Antioxidants Market report aims at evaluating future sales as well as trends for the prediction period of 5 years.
- This report helps to keep the users updated with key changes that take place in the present market.
With all this information provided by Stratview Research; market players can expand their business effectively. Stratview research also offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or Connect with our market experts at: +1-313-307-4176
Comments