Plastic Antioxidants Market by Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends) - Global Forecast to 2022

The plastic antioxidants market was valued at USD 1.61 Billion in 2016 and is projected to reach USD 2.11 Billion by 2022, at a CAGR of 4.5% from 2017 to 2022. In this study, 2016 has been considered the base year, and 2017-2022 as the forecast period to estimate the market size of plastic antioxidants market.

The objectives of the study include:

• To analyze and forecast the market size of plastic antioxidants in terms value and volume
• To define, describe, and segment the plastic antioxidants market on the basis of polymer resin and antioxidant type
• To forecast the sizes of the market segments for regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa
• To provide detailed information regarding the key factors, such as drivers, restraints, and opportunities influencing the growth of the market
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To analyze competitive developments, such as expansions, partnerships, agreements, acquisitions, and new product developments in the plastic antioxidants market
• To strategically profile key players and comprehensively analyze their core competencies

Research Methodology:

In this report, market sizes have been derived using both bottom-up and top-down approaches. first, the market size for polymer resin (polyethylene, polypropylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene and others), antioxidant type (phenolic, phosphite & phosphonite, antioxidant blends and others), and regions (Asia Pacific, North America, South America, Western Europe, Central & Eastern Europe, and Middle East & Africa) is identified through both secondary and primary research. The overall plastic antioxidants market sizes for various regions and countries have been calculated by adding these individual market sizes. The secondary resources include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and so on. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

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

Major companies operating in the plastic antioxidants market include BASF (Germany), Songwon (South Korea), SI Group (US), ADEKA (Japan), Clariant Switzerland), A. Schulman (US), Milliken (U.S.) Solvay (Belgium), Dover Corporation (US), 3V Sigma (Italy), Sumitomo (Japan), Sakai Chemical (Japan), Everspring Chemical (Taiwan), OMNOVO Solutions (US),  Evonik Industries (Germany), Ampacet Corporation (US), Lanxess (Germany), Astra Polymers (Saudi Arabia), Krishna Antioxidants (India), Emerald Performance Materials (US), Trigon Antioxidants (India), Rifra Masterbatch (Italy), Oxiris Chemicals (Spain), Wells Plastics (UK), and Shandong Linyi Sunny Wealth Chemical Co (China).

Target Audience:

• Plastic antioxidants Manufacturers, Dealers, and Suppliers
• Government Bodies
• End-use Industries
• Feedstock Suppliers
• Industry Associations
• Large Infrastructure Companies
• Investment Banks
• Consulting Companies/Consultants in Chemical and Material Sectors

“This study answers several questions for the stakeholders, primarily which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments”

Scope of the Report:

This report categorizes the global plastic antioxidants market based on antioxidant type, polymer resin type, and region.

Plastic Antioxidants Market, By Antioxidant Type:

• Phenolic
• Phosphite & Phosphonite
• Antioxidant Blends
• Others

Plastic Antioxidants Market, By Polymer Resin

• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Acrylonitrile Butadiene Styrene
• Others

Plastic Antioxidants Market, By Region:

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South Africa

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

• Further breakdown of a region with respect to a particular country or additional application

Company Information

• Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size Estimation: Bottom-Up Approach
           2.2.2 Market Size Estimation: Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Significant Opportunities in the Plastic Antioxidants Market
    4.2 Plastic Antioxidants Market, By Region
    4.3 Plastic Antioxidants Market in Asia-Pacific, By Polymer Resin and Country
    4.4 Plastic Antioxidants Market Attractiveness
    4.5 Plastic Antioxidants Market, By Antioxidant Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Plastics Replacing Conventional Materials
                    5.2.1.2 Increasing Disposable Income and Rapid Urbanization in Developing Countries
           5.2.2 Restraints
                    5.2.2.1 Health Effects of Synthetic Plastic Antioxidants
           5.2.3 Opportunities
                    5.2.3.1 Untapped Opportunities in Developing Countries From the Agricultural Industry
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of Substitutes
           5.3.4 Threat of New Entrants
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 GDP of Major Countries
           5.4.2 Automotive Industry Analysis

6 Plastic Antioxidants Market, By Polymer Resin (Page No. - 42)
    6.1 Introduction
    6.2 Polypropylene (PP)
    6.3 Polyethylene (PE)
    6.4 Polyvinyl Chloride (PVC)
    6.5 Polystyrene (PS)
    6.6 Acrylonitrile Butadiene Styrene (ABS)
    6.7 Other Polymer Resins

7 Plastic Antioxidants Market, By Antioxidant Type (Page No. - 57)
    7.1 Introduction
    7.2 Phenolic Antioxidants
    7.3 Phosphite & Phosphonite Antioxidants
    7.4 Antioxidant Blends
    7.5 Other Antioxidants

8 Plastic Antioxidants Market, By Region (Page No. - 64)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 South Korea
           8.2.4 India
           8.2.5 Singapore
           8.2.6 Malaysia
           8.2.7 Rest of Asia-Pacific
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 Poland
           8.4.3 France
           8.4.4 Russia
           8.4.5 Italy
           8.4.6 Spain
           8.4.7 U.K.
           8.4.8 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Turkey
           8.5.2 Saudi Arabia
           8.5.3 Iran
           8.5.4 UAE
           8.5.5 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 109)
    9.1 Introduction
    9.2 Market Ranking Analysis

10 Company Profiles (Page No. - 111)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 BASF
     10.2 Songwon
     10.3 Adeka Corporation
     10.4 Solvay
     10.5 SI Group
     10.6 Clariant
     10.7 Sumitomo Chemical
     10.8 3V Sigma S.P.A
     10.9 Dover Chemical Corporation
     10.10 Everspring Chemical Co., Ltd.
     10.11 Other Key Market Players
             10.11.1 Ampacet Corporation
             10.11.2 A.Schulman
             10.11.3 Astra Polymers Compounding Co Ltd.
             10.11.4 Emerald Performance Materials
             10.11.5 Evonik Industries
             10.11.6 Krishna Antioxidants Pvt. Ltd.
             10.11.7 Lanxess
             10.11.8 Milliken & Company
             10.11.9 Omnova Solutions Inc.
             10.11.10 Oxiris Chemicals S.A.
             10.11.11 Rifra Masterbatches S.P.A.
             10.11.12 Wells Plastics Ltd
             10.11.13 Sakai Chemical Industry Co., Ltd.
             10.11.14 Shandong Linyi Sunny Wealth Chemicals Co., Ltd.
             10.11.15 Trigon Antioxidants Pvt. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 139)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (110 Tables)

Table 1 GDP of Major Countries, 2011–2016 (USD Billion)
Table 2 Vehicle Production in Number of Units, By Region, 2016
Table 3 Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 4 Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 5 Plastic Antioxidants Market Size in Polypropylene Resin, By Region, 2015–2022 (USD Million)
Table 6 Plastic Antioxidants Market Size in Polypropylene Resin, By Region, 2015–2022 (Kiloton)
Table 7 Plastic Antioxidants Market Size in Polyethylene Resin, By Region, 2015–2022 (USD Million)
Table 8 Plastic Antioxidants Market Size in Polyethylene Resin, By Region, 2015–2022 (Kiloton)
Table 9 Plastic Antioxidants Market Size in Polyvinyl Chloride Resin, By Region, 2015–2022 (USD Million)
Table 10 Plastic Antioxidants Market Size in Polyvinyl Chloride Resin, By Region, 2015–2022 (Kiloton)
Table 11 Plastic Antioxidants Market Size in Polystyrene Resin, By Region, 2015–2022 (USD Million)
Table 12 Plastic Antioxidants Market Size in Polystyrene Resin, By Region, 2015–2022 (Kiloton)
Table 13 Plastic Antioxidants Market Size in Acrylonitrile Butadiene Styrene Resin, By Region, 2015–2022 (USD Million)
Table 14 Plastic Antioxidants Market Size in Acrylonitrile Butadiene Styrene Resin, By Region, 2015–2022 (Kiloton)
Table 15 Plastic Antioxidants Market Size in Other Polymer Resins, By Region, 2015–2022 (USD Million)
Table 16 Plastic Antioxidants Market Size in Other Polymer Resins, By Region, 2015–2022 (Kiloton)
Table 17 Plastic Antioxidants Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 18 Plastic Antioxidants Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 19 Phenolic Antioxidants Market Size, By Region, 2015–2022 (USD Million)
Table 20 Phenolic Antioxidants Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Phosphite & Phosphonite Antioxidants Market Size, By Region, 2015–2022 (USD Million)
Table 22 Phosphite & Phosphonite Antioxidants Market Size, By Region, 2015–2022 (Kiloton)
Table 23 Antioxidant Blends Market Size, By Region, 2015–2022 (USD Million)
Table 24 Antioxidant Blends Market Size, By Region, 2015–2022 (Kiloton)
Table 25 Other Antioxidants Market Size, By Region, 2015–2022 (USD Million)
Table 26 Other Antioxidants Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Plastic Antioxidants Market Size, By Region, 2015–2022 (USD Million)
Table 28 Plastic Antioxidants Market Size, By Region, 2015–2022 (Kiloton)
Table 29 Asia-Pacific: Plastic Antioxidants Market Size, By Country, 2015–2022 (USD Million)
Table 30 Asia-Pacific: Plastic Antioxidants Market Size, By Country, 2015–2022 (Kiloton)
Table 31 Asia-Pacific: Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 33 Asia-Pacific: Plastic Antioxidants Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 34 Asia-Pacific: Plastic Antioxidants Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 35 China: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 36 China: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 37 Japan: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 38 Japan: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 39 South Korea: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 40 South Korea: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 41 India: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 42 India: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 43 Singapore: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 44 Singapore: By oxidants Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 45 Malaysia: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 46 Malaysia: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 47 Rest of Asia-Pacific: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 48 Rest of Asia-Pacific: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 49 North America: Plastic Antioxidants Market Size, By Country, 2015–2022 (USD Million)
Table 50 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 51 North America: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 52 North America: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 53 North America: By Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 54 North America: By Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 55 U.S.: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 56 U.S.: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 57 Canada: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 58 Canada: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 59 Mexico: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 60 Mexico: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 61 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 62 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 63 Europe: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 64 Europe: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 65 Europe: By Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 66 Europe: By Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 67 Germany: Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 68 Germany: Plastic Antioxidants Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 69 Poland: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 70 Poland: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 71 France: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 72 France: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 73 Russia: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 74 Russia: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 75 Italy: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 76 Italy: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 77 Spain: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 78 Spain: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 79 U.K.: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 80 U.K.: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 81 Rest of Europe: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 82 Rest of Europe: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 83 Middle East & Africa: Plastic Antioxidants Market Size, By Country, 2015–2022 (USD Million)
Table 84 Middle East & Africa: By Market Size, By Country, 2015–2022 (Kiloton)
Table 85 Middle East & Africa: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 86 Middle East & Africa: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 87 Middle East & Africa: By Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 88 Middle East & Africa: By Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 89 Turkey: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 90 Turkey: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 91 Saudi Arabia: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 92 Saudi Arabia: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 93 Iran: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 94 Iran: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 95 UAE: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 96 UAE: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 97 Rest of Middle East & Africa: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 98 Rest of Middle East & Africa: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 99 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 100 South America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 101 South America: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 102 South America: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 103 South America: By Market Size, By Antioxidant Type, 2015–2022 (USD Million)
Table 104 South America: By Market Size, By Antioxidant Type, 2015–2022 (Kiloton)
Table 105 Brazil: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 106 Brazil: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 107 Argentina: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 108 Argentina: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)
Table 109 Rest of South America: By Market Size, By Polymer Resin, 2015–2022 (USD Million)
Table 110 Rest of South America: By Market Size, By Polymer Resin, 2015–2022 (Kiloton)

List of Figures (30 Figures)

Figure 1 Plastic Antioxidants Market: Research Design
Figure 2 Plastic Antioxidants Market: Data Triangulation
Figure 3 Polypropylene to Be the Largest Polymer Resin Segment Between 2017 and 2022
Figure 4 Phenolic Antioxidants to Lead the Plastic Antioxidants Market Between 2017 and 2022
Figure 5 Asia-Pacific Was the Largest Plastic Antioxidants Market in 2016
Figure 6 Attractive Growth Opportunities in the Plastic Antioxidants Market Between 2017–2022
Figure 7 Asia-Pacific to Be the Fastest-Growing Plastic Antioxidants Market Between 2017 and 2022
Figure 8 China Accounted for the Largest Market Share in 2016
Figure 9 Middle East & Africa to Be the Second Fastest-Growing Plastic Antioxidants Market Between 2017 and 2022
Figure 10 Asia-Pacific Accounted for the Largest Share of Phenolic Antioxidants Market in 2016
Figure 11 Factors Governing the Plastic Antioxidants Market
Figure 12 Porter’s Five Forces Analysis of Plastic Antioxidants Market
Figure 13 Polypropylene to Lead Plastic Antioxidants Market in Polymer Resin Segment Between 2017 and 2022
Figure 14 Asia-Pacific to Be the Largest Plastic Antioxidants Market in Polypropylene Resin Segment Between 2017 and 2022
Figure 15 Asia-Pacific to Lead Plastic Antioxidants Market in Polyethylene Resin Segment Between 2017 and 2022
Figure 16 North America to Be the Second-Largest Plastic Antioxidants Market in Polyvinyl Chloride Resin Segment Between 2017 and 2022
Figure 17 North America to Be the Second-Largest Plastic Antioxidants Market in Polystyrene Resin Segment Between 2017 and 2022
Figure 18 Asia-Pacific to Lead the Plastic Antioxidants Market in Acrylonitrile Butadiene Styrene Resin Segment Between 2017 and 2022
Figure 19 Asia-Pacific to Lead the Plastic Antioxidants Market in Other Polymer Resins Segment Between 2017 and 2022
Figure 20 Phenolic Antioxidants to Account for the Largest Market Size Between 2017 and 2022
Figure 21 Regional Plastic Antioxidants Market Snapshot: India is Expected to Drive Global Demand, Between 2017 and 2022
Figure 22 Asia-Pacific Market Snapshot: China Led the Plastic Antioxidants Market in 2016
Figure 23 North America Market Snapshot: U.S. Led the Plastic Antioxidants Market in 2016
Figure 24 Market Ranking of Key Players, 2016
Figure 25 BASF: Company Snapshot
Figure 26 Songwon: Company Snapshot
Figure 27 Adeka Corporation: Company Snapshot
Figure 28 Solvay: Company Snapshot
Figure 29 Clariant: Company Snapshot
Figure 30 Sumitomo Chemical: Company Snapshot

The plastic antioxidants market is estimated to reach USD 2.11 Billion by 2022, at a CAGR of 4.5% between 2017 and 2022. The growth of the market is driven by the replacement of conventional materials by plastics in various industries, and the increasing disposable income and rapid urbanization in emerging countries.

The usage of plastic antioxidants is estimated to be highest in Polypropylene (PP) polymer resin during the forecast period, due to susceptibility to oxidation and thermal degradation and presence of tertiary carbon atoms in PP. The Acrylonitrile Butadiene Styrene(ABS) polymer resin segment is projected to witness the highest growth between 2017 and 2022. The growth of this segment can be attributed to the increasing demand and manufacturing of ABS in Asia-Pacific, especially in China. Its strong and durable nature drives its demand in various industries, such as home appliances, electrical & electronics, and automobiles.

On the basis of type, the phenolic antioxidants segment dominated the plastic antioxidants markets. Phenolic antioxidants have the ability to interfere with chain propagation by terminating the free radical and can be used with all polymer resins. In addition, the rising global production and demand for polypropylene and polyethylene, where these antioxidants are majorly used, is estimated to fuel the growth of phenolic antioxidants.

Asia-Pacific was the largest market for plastic antioxidants in 2016, in terms of value. The market in the region is also estimated to witness the highest growth during the forecast period, in terms of value and volume. The growing population in the region, along with the increased disposable income and improved standard of living, is fueling the demand for plastics in consumer appliances, electric & electronic devices, agriculture, and automobiles. This increased demand for plastics is expected to drive the plastic antioxidants market in the coming years. Furthermore, the growth in the building & construction industry in the region fuels the demand for plastics, which is expected to propel the growth of plastic antioxidants.

Adverse health effects associated with the usage of synthetic plastic antioxidants are the major restraints for the growth of the plastic antioxidants market.

New product launches, acquisitions, and expansions were key strategies adopted by key players in the market. Major players in the plastic antioxidants market include BASF (Germany), Songwon (South Korea), SI Group (US), ADEKA Corporation (Japan), Clariant (Switzerland), A. Schulman (US), Milliken (U.S.) Solvay (Belgium), Dover Corporation (US), 3V Sigma (Italy), Sumitomo (Japan), Sakai Chemical (Japan), Everspring Chemical (Taiwan), OMNOVO Solutions (US), Evonik Industries (Germany), Ampacet Corporation (US), Lanxess (Germany), Astra Polymers (Saudi Arabia), Krishna Antioxidants (India), Emerald Performance Materials (US), Trigon Antioxidants (India), Rifra Masterbatch (Italy), Oxiris Chemicals (Spain), Wells Plastics (UK), and Shandong Linyi Sunny Wealth Chemical Co (China).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst