Plastic Antioxidants Market 2020 Study And Analysis Research Report Forecast To 2027

Pune, India, January 19, 2018/MRFR Press Release/- Market Research Future Published a Half-Cooked Research “Global Plastic Antioxidants Market Research Report - Forecast to 2027” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027.    

BASF SE(Germany), Solvay(Belgium), SI Group, Inc(U.S.), Dover Corporation(U.S.), SAKAI CHEMICAL INDUSTRY CO.,LTD(Japan), Evonik Industries AG(Germany), LANXESS( Germany), Trigon Antioxidants Pvt. Ltd.( India), Krishna Antioxidants Pvt. Ltd( India), and Shandong Linyi Sunny Wealth chemicals Co.,Ltd (China) among others are some of the prominent players at the forefront of competition in the Global Plastic Antioxidants Market and are profiled in MRFR Analysis.

Plastic Antioxidants Market – Market Overview:

The global plastic antioxidants market is growing with the rapid rate; mainly due to the expanding petrochemical industries. According to a recent study report published by the Market Research Future, the global market of plastic antioxidants is booming and expected to gain strong influence over the forecast period. The market is estimated to demonstrate a remarkable growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the forecasted period (2020 – 2027).

Globally, the market for plastic antioxidants is driven by the region Asia Pacific, owing to an endless consumption of product in various industries such as automotive, electrical & electronics, petrochemical and oil & gas. These inhibitors are utilized in engineering polymers, polyolefin films, tires & rubbers, and others to add extraordinary features such as tensile strength, anti-ageing with impact resistance to the final product. Moreover, they are used widely to avoid the thermal oxidation of materials.

Increasing demand for the product in applications such as food packaging, heavy duty sacks, hygiene films, compounding, and others signifies the growth of packaging and health care sectors. Moreover, growing consumption of antioxidants in construction, automotive, and marine provide a momentum to the plastic antioxidants market growth.

On the other hand, the growing adoption of plastic antioxidants resin’s type, acrylonitrile butadiene styrene polymers in musical instruments such as recorders, piano, and others is projected to propel the market growth as they offer excellent ductility, stiffness features to the final equipment.

Plastic antioxidants materials are used in a numerous end-use industries to impart excellent thermal resistance, superior performance, and cost-effective nature to the final products. They are utilized in the production of polyurethane foams for automotive and mechanical applications. The growing demand of these materials has prompted the manufacturers and investors to minimize the heat loss and energy savings factors in end-use applications. Additionally, an increase in the number of mergers & acquisitions among the leading companies and growing demand for low density materials have resulted into a remarkable growth in the market during the last couple of years.

Regional Analysis:

Geographically, Asia Pacific region is leading the global plastic Antioxidants market. China holds the major portion in the region owing to rapid urbanization coupled with extensive use of the product in major industries. Growing demand for inhibitors in blown film, cast film, sheet extrusion, profile extrusion, and others has boosted the market demand in Japan, and India. North America has witnessed a significant growth in the market owing to consumption of polyethylene and propylene resins in end-use industries. A notable growth has been received by the European region due to consumption of reduced weight materials in end-use industries. Additionally, the market is growing significantly in the Middle East & Africa and Latin America regions, due to growing popularity of the product in major industries.           

Plastic Antioxidants Market- Competitive Landscape:

The plastic antioxidants market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Plastic Antioxidants market is set to grow at a significant growth which is likely to attract many newcomers to the market resulting into healthy competition in the future. Manufacturers operating in the plastic antioxidants market are striving to respond to an increase in demand for the product from automotive, oil & gas, petrochemical, aviation, construction & buildings and other sectors attributed to boundless use of the product in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.

Industry/ Innovation/ Related News:

March 14, 2017 – BASF SE (Germany), one of the leading manufacturers of plastic antioxidants, announced that the company has decided to build a new plastic additives plant at its subsidiary plant in China. The estimated capacity of this plant is set to be around 42,000 tons. Antioxidants, blends and associated forms are the three products that are going to be produced in this plant. These materials provide high temperature stability, UV resistance, high standard performance, and other features. Therefore, these factors are estimated to propel the market over the assessment period.

November 8, 2016 – BASF SE (Germany), one of the prominent producers of plastic antioxidants, announced that the company has decided to invest more than 200 million euros in plastic business network. This investment is estimated to increase the production capacity, and infrastructure facilities in Asia Pacific, Europe, and North American regions. Moreover, the technological advancement along with innovations in the product have led this company to strengthen its position in the market.

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