Plastic Antioxidants Market by Type (Phenols, Amines, Phosphites, Organic Sulfides, Antioxidant Blends, and Others), Form (Liquid and Solid), and Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene (ABS), and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

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The global plastic antioxidants market was valued at $3,020.9 million in 2018, and is projected to reach $4,962.2 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. Antioxidants are additives used during plastic production. They are added to plastic to eliminate degradation processes caused by thermo-mechanical as well as thermo-oxidative conditions. Antioxidants help in extending the life cycle of plastic, increase color deterioration, offer tensile strength and elongation, reduced impact resistance, cracking, and other surface deterioration. Primary antioxidants and secondary antioxidants are the two major categories of plastic antioxidants, and plastic made from primary type is often combined with secondary to produce thermally stable plastic products. In addition, a combination of primary and secondary antioxidants provides additional processing stability during plastic production.

The global plastic antioxidants market is in the growth phase in its industry life cycle and is expected to continue growing in a similar phase during the forecast period. These antioxidants are used in plastic production that eliminate the plastic degradation process. Furthermore, growth in use of plastic consumption also boosts the demand for plastic antioxidants. The plastic antioxidants market is expected to grow significantly during the next few decades, owing to unavailability of a perfect and economically viable substitute for plastic introduced in the market. On the other hand, implementation of stringent regulatory policies are expected to restrain the plastic antioxidants market growth.    

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The global plastic antioxidants market is segmented on the basis of type, polymer resin, form, and region. Depending on the type, the plastic antioxidants market is fragmented into phenols, amines, phosphites, organic sulfides, antioxidant blends, and others. Depending on the polymer resin, it is categorized into polyethylene, polypropylene, polyvinyl chloride, polystyrene, acrylonitrile butadiene styrene (ABS), and others. Based on form, the market is bifurcated into solid and liquid. Region wise, the global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The plastic antioxidants market share has been analyzed across all segments and regions.

Some of the major market players operating and profiled in the global plastic antioxidants market are BASF SE, SI Group, Solvay S.A., Clariant AG, Songwon, Sumitomo Chemical Co., Ltd., Dover Chemical Corporation, Everspring Chemical Co., Ltd., Amfine Chemical Corporation, and 3v Sigma USA Inc.

The other players in the value chain of the market include Omnova Solutions Inc., Oxiris Chemicals S.A., Rifra Masterbatches S.P.A, Lanxess, Krishna Antioxidants Pvt. Ltd., and others. The key players are adopting numerous strategies such as product launch, agreement, and business expansion to stay competitive in the market. 

For instance, In 2018, Solvay launched product named CYASORB CYNERGY B878T for building & construction and CYASORB CYNERGY M535 for injection and blow molding applications. This product launch reinforced Solvay’s plastic additives product portfolio, which is expected to increase their consumer base in the near future. 

Global Plastic Antioxidants Market, by Type

By type, the phenol segment accounted for the largest market share in 2018 due to its wide application in polyolefin and other plastic types. Phenols are known to reduce the rate of oxidation of organic matter by transferring hydrogen atom from their OH group to the chain that carries ROO radicals. But before transferring hydrogen atom, the antioxidant capability of phenols is strongly reduced by the hydrogen that accepts solvents. Phenol is a strong antioxidant, once the hydrogen bond gets transferred. It is one of the traditional antioxidants used in plastic production. This makes phenolic antioxidants a largest used plastic additive over other types

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Global Plastic Antioxidants Markets, by Form

By type, plastic antioxidants are mostly preferred in the solid form as major additive types such as phenolic antioxidants and amine antioxidants are in solid state. Solid state accounted for more than 60% market share in 2018, and it is expected to be the largest segment by the end of the forecast period.   

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Global Plastic Antioxidants Markets, by End User 

By end user, the polyethylene segment accounted for the highest market share in 2018. Polyethylene is a lightweight and durable plastic, which is produced more than 100 million tons every year due to its application in various markets. It is used as films, tubes, plastic parts, laminates, and others in the range of markets including packaging, automotive, electronics, and others. The packaging is the major consumer of polyethylene and its types such as HDPE, LDPE, and LLDPE, which account for around 35% of the market as compared to other markets. 

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Global Plastic Antioxidants Markets, by Region

By region, Asia-Pacific acquired the largest market share, owing to established automotive industry, stable growth in the construction industry, and largest electronic and electrical products across the globe, which further boost the demand for plastic and ultimately for plastic antioxidants.           

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Key Benefits for Stakeholders

• The report provides an in-depth analysis of the plastic antioxidants market forecast along with the current and future market trends
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis
• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the plastic antioxidant industry for strategy building
• A comprehensive plastic antioxidants market analysis covers factors that drive and restrain the market growth
• Plastic antioxidants market size is provided in terms of volume and revenue
• The qualitative data in this report aims on market dynamics, plastic antioxidants trends, and developments

 Key Market Segments & Key Market Players