1 / 4

Plastic Antioxidants Market Enroute to $2.6 Billion by 2025 Plastic Antioxidants

The Plastic Antioxidants Market is experiencing steady growth due to the rising demand for high-quality plastics in various industries. Increasing focus on sustainability and stringent regulations drive the market's expansion as antioxidants protect plastic materials from degradation and extend their lifespan.

jackmartin
Download Presentation

Plastic Antioxidants Market Enroute to $2.6 Billion by 2025 Plastic Antioxidants

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Plastic Antioxidants Market worth $2.6 billion by 2025- Exclusive Report by MarketsandMarkets™ The report "Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region - Global Forecast to 2025". The plastic antioxidants market is projected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% from USD 2.0 billion in 2020. Antioxidants are stabilizing agents that inhibit the process of oxidation by reacting and decomposing the reactive species. They protect plastics and other materials against thermally induced oxidation. Antioxidants that are used in plastics include primary antioxidants and secondary antioxidants. Different types of antioxidants provide different levels of reactivity as a function of temperature and also react and decompose the different radical intermediates in the oxidation process, thereby providing thermal stability to plastics. Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106598592 PP is the largest polymer resin segment of the plastic antioxidants market. Asia Pacific was the largest market for plastic antioxidants in 2019, in terms of both volume and value. Factors such as plastics replacing conventional materials, increasing demand in medical industry, and rapid urbanization in developing countries will drive the plastic antioxidants market. Phosphite & Phophonite are projected to be the fastest growing type in the plastic antioxidants market during the forecast period Phosphites & phosphonites are phosphorus-based secondary antioxidants. Secondary antioxidants are known as hydroperoxide decomposers as they react with hydroperoxides to produce non-radical products. They are used in combination with primary antioxidants. Phosphites & phosphonites are among the most effective stabilizers, as they protect both primary antioxidants and the polymers during processing. Hydrolytically stable

  2. phosphites & phosphonites are generally the most frequently used polymer stabilizers. Strong demand for plastics in applications, such as automotive and construction are driving the demand for phophites & phophonites. This plays a key role in driving the plastic antioxidants market in this region. China and Japan house major players in electronics, automotive, and consumer goods. These industries generate high demand for plastics, and in turn, high demand for plastic antioxidants. Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=106598592 The PP is estimated to be the largest polymer resin segment of the plastic antioxidants market during the forecast period. PP is a thermoplastic polymer with the presence of tertiary carbon atoms. The presence of tertiary carbon atoms makes it susceptible to oxidation and thermal degradation at high temperatures. Polypropylene is processed at temperatures between 428°F and 536°F, and under these conditions, it degrades to form low molecular weight products. Thus, antioxidants are added to PP to stabilize it. Antioxidants are added during the manufacturing process and palletizing. The commonly used antioxidant for PP is butylated hydroxyl- toluene (BHT), which is used as a primary antioxidant, and phosphite & phosphonite, used as secondary antioxidants. Blends of thioesters and phenol antioxidants are also used. Polypropylene is used in packaging & labeling, automotive components, stationery, plastic parts, reusable containers, laboratory equipment, and loudspeakers. APAC projected to be fastest growing region for the plastic antioxidants market during the forecast period The region is characterized by a growing population and economic developments. The increasing population in the region, accompanied by increasing construction spending in the developing markets of China, India, and Indonesia, is projected to make this region an ideal destination for the plastic industry. This, in turn, is expected to drive the plastic antioxidants industry in the near future. The increase in employment rate, the rise in disposable income of the people, and an increase in foreign investments in various industries of the economy are some of the other factors that make APAC an attractive market for plastic antioxidants manufacturers.

  3. Get the Latest Version of the Report and be ahead of Your Competitors at https://www.marketsandmarkets.com/RequestNewVersion.asp?id=106598592 The key market players profiled in the report include BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), and Dover Chemical Corporation (US). About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

  4. sales@marketsandmarkets.com

More Related