Report Ocean published a new report on the Plastic Antioxidants market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
The global market report contains data on research & development, new product launches, and product responses from global and local markets by leading companies. The structured study offers a graphical presentation and a diagrammatic examination of the global market by region.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=Pol1133
The global plastic antioxidants market size was US$ 2.1 billion in 2021. The global plastic antioxidants market is forecast to grow to US$ 3.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
Antioxidants are chemicals that function as stabilizers. These stabilizers interact with reactive species to break them down and halt the oxidation process. They stop the oxidation of plastics and other materials caused by heat. Two categories of antioxidants are used in polymers: primary antioxidants and secondary antioxidants.
Factors Influencing the Market
Plastics are gaining significant traction due to their beneficial properties. Plastics are preferred over conventional materials because of their properties like abrasion resistance and chemical resistance. Antioxidants are used in the manufacturing of a variety of polymers, including PE, PP, and PVC. Apart from that, the low cost of polymers, combined with their lightweight, will drive the global plastic antioxidants market forward during the forecast period.
The wide applications of plastic antioxidants across various verticals, such as packaging, building, construction, and automobiles, will fuel the growth of the market during the study period.
Growing efforts by renowned industry players are expected to offer lucrative growth opportunities for the market. For instance, BASF SE launched its new antioxidant production factory in 2019 in China. With the launch of this factory, the firm aims to increase the production of phenolics, amines, phosphites, mixes, etc. Thus, such investments are expected to benefit the overall plastic antioxidants market during the forecast period.
On the flip side, the negative health effects of synthetic plastic antioxidants may limit the growth of the market during the study period.
Regional Analysis
The Asia-Pacific plastic antioxidants market is forecast to record the highest growth rate. The growth of this regional market is attributed to the rising use of plastics for packaging and other purposes. In addition, rising disposable income in nations like China and India and growing demand for automotive, consumer goods, etc., are expected to offer lucrative growth opportunities for the market. Rapidly growing population and economic expansion will also contribute to the growth of the market during the study period.
Get a Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=Pol1133
COVID-19 Impact Analysis
The COVID-19 pandemic halted the growth of the plastic antioxidants market. The COVID-19 outbreak wreaked havoc on the economic conditions of various nations. Governments imposed strict regulations that halted the movement of the people. As a result, it affected the growth of the plastic antioxidants market.
Competitors in the Market
• A.Schulman
• Ampacet Corporation
• BASF SA
• Dover Chemical Corporation
• Clariant
• Emerald Performance Materials
• Evonik Industries
• 3V Sigma S.P.A
• Adeka Corporation
• Lanxess
• Everspring Chemical Co., Ltd.
• Krishna Antioxidants Pvt. Ltd.
• Other Prominent Players
Market Segmentation
The global plastic antioxidants market segmentation focuses on Type, Form, Polymer Resin, and Region.
By Type
• Phenols
• Amines
• Phosphites
• Organic Sulfides
• Antioxidant Blends
• Others
By Form
• Solid
• Liquid
By Polymer Resin
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Acrylonitrile Butadiene Styrene
• Polystyrene
• Others
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ): –https://reportocean.com/industry-verticals/sample-request?report_id=Pol1133
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
What are the goals of the report?
⮞The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
⮞The paper also analyses market sizes in the past and present.
⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
⮞The study examines the future period’s growth rate, market size, and market worth.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1133
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/