Stratview Research in its recent report has offered an overlook of the current Plastic Antioxidants Market scenarios and has also estimated the Plastic Antioxidants Market size to reach grow at CAGR of 5.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Plastic antioxidants are the elements that help in protecting the plastic materials from thermal oxidation. Different oxidants react on different elements of the oxidation process and also show up 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 in high temperature and works best in its solid phase. Two oxidants can be blended at times to offer results that are much efficient than the single antioxidant.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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, 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.
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Highlights of the Report:
Plastic antioxidants market is likely to witness an impressive CAGR of 5.2% during the forecast period. Rapid urbanization, rising disposable income, improved standard of living, and replacement of conventional materials by plastics in various end-use industries are some of the factors that are driving the plastic antioxidants market globally.
Some of the plastic antioxidant manufacturers are BASF SE, Adeka Corporation, Solvay SA, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd., Ampacet Corporation, Astra Polymers Compounding Co Ltd., and Evonik Industries AG.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Plastic Antioxidants Market analysis report discusses the following heads in great detail:
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