Plastic antioxidants are among the fastest-growing specialty chemicals, with the market demand driven by end-user demand for different types. The Plastic antioxidants market presents a comprehensive analysis of key market trends, growth opportunities, and market size forecasts of different types. Key Plastic antioxidant types forecast in the industry analysis include Phenolic Antioxidants, Phosphite, Phosphonite, Antioxidant Blends, and others. Further, the market outlook of different polymer resins including PE (Polyethylene), PP (Polypropylene), PVC (Polyvinyl chloride), PS (Polystyrene), ABS (Acrylonitrile butadiene styrene), and others are provided from 2021 to 2030. In addition, leading companies and market size outlook across 25 countries are also included in the report.
Introduction to Plastic Antioxidants Market, 2023-
Plastic antioxidants prevent material degradation through the prevention of thermal degradation and inhibition of the oxidation process. Following the business recovery during post COVID pandemic period, most companies are reporting positive growth in their antioxidants sales.
Different types of phenolics, phosphites, phosphonites, amines, thioesters, and other antioxidants used for plastics are gaining market growth in 2023. The ability to stabilize the plastic quality and extend the product lifecycle is encouraging users across industries to opt for plastic antioxidants to curb the harmful oxidative process.
Plastic Antioxidants Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Plastic Antioxidants market size stood at $2.2 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Plastic Antioxidants market is likely to register a steady revenue increase at a compounded annual growth rate of 5.36 percent to reach $3.4 billion by 2030.
Plastic Antioxidants Market Share Analysis- Phenolic antioxidant is the largest type of plastic antioxidant with over 43% market share
Phenolic antioxidants are primary plastic antioxidants widely used for their superior properties of inhibition of oxidation and thermal protection due to radiation and thermal exposures. These are strong antioxidants and are relatively safer than synthetic antioxidants. In particular, flavonoids are considered safe and are widely used types of phenolic antioxidants.
The phenolic antioxidant segment contributed 43% to the global phenolic antioxidants market size, driven by advantages such as lower volatility and thermal stability. Further, Phosphite and Phosphonite type plastic antioxidants accounted for the second largest type with 28% market share. Antioxidant blends accounted for 22.5% market share followed by other antioxidant types with over 6%.
Further, combinations of phenolic antioxidants with phosphites and thiosynergists are also marketed for superior properties. For instance, Sumitomo Corp markets phenolic antioxidants with long-term heat stabilization properties in synergy with thioether-type antioxidants.
Plastic Antioxidants Market Drivers- Strong growth in the construction industry
The global construction and infrastructure market is witnessing a steady recovery in business after witnessing a dramatic downfall during the pandemic. The global construction and infrastructure industry is valued at around $5.6 trillion in 2022, driven by robust activities in Asia, Central and Eastern Europe, Latin America, Sub-Saharan Africa, and other markets. Both public and private spending continue to increase in these regions, presenting significant demand for plastic antioxidants. Asia Pacific remains the largest market worldwide, driven by demand from China, India, and South East Asian markets.
Plastic Antioxidants Market Trends- Strong growth prospects encourage R&D investments from companies
Low-cost and effective plastic antioxidants are widely preferred by companies across Automotive, Pharmaceutical, Food & Beverages, and other industries. These antioxidants provide long-term thermal protection, color retention for the long term, durability, and other benefits.
Amidst strong business potential, companies like Tosaf specifically focus on marketing plastic antioxidants for PE films. On the other hand, BASF manufactures Ignorax, to cater to a wide range of applications including plastics, synthetic fibers, and elastomers. Over the recent past, customized blends to cater to specific customer requirements are also being introduced.
Supply chain optimization, catering to the market demand from local and regional consumers, manufacturing flexibility, and concluding long-term contracts are among the key strategies planned by leading plastic antioxidant companies in the post-COVID-19 period and the near to medium future.
Plastic Antioxidants Market Segmentation
Types
Polymer Resin
Companies
1. Executive Summary
1.1 Introduction to Plastic Antioxidants Markets
1.2 Plastic Antioxidants Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Plastic Antioxidants Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Plastic Antioxidants Market Trends
3.1.1 Polypropylene Resin demand drives long-term market outlook
3.1.2 Strong growth prospects encourage R&D investments from companies
3.1.3 Ease of manufacturing and low-cost advantages drive wider adoption
3.2 Key Plastic Antioxidants Market Growth Drivers
3.2.1 Packaging applications offer strong growth prospects
3.2.2 Food and Beverage market demand outlook offers new opportunities
3.2.3 Steady growth in the construction industry
3.3 Key Plastic Antioxidants Market Growth Restraints
3.3.1 Stringent regulatory conditions
3.3.2 Consolidated market structure with intense competitive conditions
4 Plastic Antioxidants Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Plastic Antioxidants Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Plastic Antioxidants Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Plastic Antioxidants Market Size Outlook to 2030
5. Plastic Antioxidants Market Segmentation- Outlook by Type
5.1 Plastic Antioxidants Market Share Analysis by Type, 2023
5.2 Phenolic Antioxidants Market Outlook to 2030
5.3 Phosphite and Phosphonite Market Outlook to 2030
5.4 Antioxidant Blends Market Outlook to 2030
5.5 Others
6. Plastic Antioxidants Market Segmentation- Outlook by Polymer Resin
6.1 Plastic Antioxidants Market Share Analysis by Polymer Resin, 2023
6.2 PE (Polyethylene): Plastic Antioxidants Market Outlook to 2030
6.3 PP (Polypropylene): Plastic Antioxidants Market Outlook to 2030
6.4 PVC (Polyvinyl chloride): Plastic Antioxidants Market Outlook to 2030
6.5 PS (Polystyrene): Plastic Antioxidants Market Outlook to 2030
6.6 ABS (Acrylonitrile butadiene styrene): Plastic Antioxidants Market Outlook to 2030
6.7 Others
7. North America Plastic Antioxidants Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Plastic Antioxidants Market Growth Opportunities
7.2.1 North America Plastic Antioxidants Market Outlook by Type, 2021 to 2030
7.2.2 North America Plastic Antioxidants Market Outlook by Application, 2021 to 2030
7.2.3 North America Plastic Antioxidants Market Outlook by Country, 2021 to 2030
7.3 United States Plastic Antioxidants Market Outlook, 2021 to 2030
7.4 Canada Plastic Antioxidants Market Outlook, 2021 to 2030
7.5 Mexico Plastic Antioxidants Market Outlook, 2021 to 2030
8. Europe Plastic Antioxidants Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Plastic Antioxidants Market Growth Opportunities
8.2.1 Europe Plastic Antioxidants Market Outlook by Type, 2021 to 2030
8.2.2 Europe Plastic Antioxidants Market Outlook by Application, 2021 to 2030
8.2.3 Europe Plastic Antioxidants Market Outlook by Country, 2021 to 2030
8.3 Germany Plastic Antioxidants Market Outlook, 2021 to 2030
8.4 France Plastic Antioxidants Market Outlook, 2021 to 2030
8.5 United Kingdom Plastic Antioxidants Market Outlook, 2021 to 2030
8.6 Spain Plastic Antioxidants Market Outlook, 2021 to 2030
8.7 Italy Plastic Antioxidants Market Outlook, 2021 to 2030
8.8 Other Europe Plastic Antioxidants Market Outlook, 2021 to 2030
9. Asia Pacific Plastic Antioxidants Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Plastic Antioxidants Market Growth Opportunities
9.2.1 Asia Pacific Plastic Antioxidants Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Plastic Antioxidants Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Plastic Antioxidants Market Outlook by Country, 2021 to 2030
9.3 China Plastic Antioxidants Market Outlook, 2021 to 2030
9.4 Japan Plastic Antioxidants Market Outlook, 2021 to 2030
9.5 India Plastic Antioxidants Market Outlook, 2021 to 2030
9.6 South Korea Plastic Antioxidants Market Outlook, 2021 to 2030
9.7 Indonesia Plastic Antioxidants Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Plastic Antioxidants Market Outlook, 2021 to 2030
10. South and Central America Plastic Antioxidants Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Plastic Antioxidants Market Growth Opportunities
10.2.1 South and Central America Plastic Antioxidants Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Plastic Antioxidants Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Plastic Antioxidants Market Outlook by Country, 2021 to 2030
10.3 Brazil Plastic Antioxidants Market Outlook, 2021 to 2030
10.4 Argentina Plastic Antioxidants Market Outlook, 2021 to 2030
10.5 Other Latin America Plastic Antioxidants Market Outlook, 2021 to 2030
11. Middle East and Africa Plastic Antioxidants Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Plastic Antioxidants Market Growth Opportunities
11.2.1 Middle East and Africa Plastic Antioxidants Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Plastic Antioxidants Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Plastic Antioxidants Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Plastic Antioxidants Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Plastic Antioxidants Market Outlook, 2021 to 2030
11.5 Other Middle East Plastic Antioxidants Market Outlook, 2021 to 2030
11.6 Egypt Plastic Antioxidants Market Outlook, 2021 to 2030
11.7 South Africa Plastic Antioxidants Market Outlook, 2021 to 2030
11.8 Other Africa Plastic Antioxidants Market Outlook, 2021 to 2030
12. Profiles of major world Plastic Antioxidants Companies
12.1 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 SONGWON Industrial Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Adeka Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Solvay Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 SK Capital
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Clariant Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Sumitomo Chemical Co., Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 3V Sigma SpA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Dover Chemical Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Types
Polymer Resin
Packaging applications offer strong growth prospects, food and Beverage market demand, ease of manufacturing and low-cost advantages drive wider adoption, Polypropylene Resin demand drives long-term market outlook, strong growth prospects encourage R&D investments from companies, steady growth in the construction industry, and others.
The global Plastic Antioxidants market size stood at $2.2 billion in 2022.
From 2023 to 2030, the Plastic Antioxidants market is likely to register a steady revenue increase at a compounded annual growth rate of 5.36 percent to reach $3.4 billion by 2030.
BASF SE, SONGWON Industrial Group, Adeka Corporation, Solvay Corp, SK Capital, Clariant Ltd, Sumitomo Chemical Co., Ltd, 3V Sigma SpA, Dover Chemical Corporation, and others.
Demand from packaging, construction and automotive end-user industries offer strong growth prospects