The Plastic Antioxidants Market Is Estimated To Be USD 1.69 Billion In 2017
LONDON, Nov. 15, 2017 /PRNewswire/ -- "Replacement of conventional materials by plastics in various industries is expected to drive the plastic antioxidants market."
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The plastic antioxidants market is estimated to be USD 1.69 billion in 2017 and is projected to reach USD 2.11 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. The plastic antioxidants market is largely driven by the rising use of plastics in the packaging, building & construction, and automotive sectors, among others. Plastics possess superior mechanical and electrical properties, enhanced abrasion resistance, and superior chemical resistance, as compared to conventional materials, such as metals, glass, paper, and ceramic. The rising use of plastics is expected to drive the plastic antioxidants market. However, health effects associated with the usage of synthetic plastic antioxidants are the major restraints for the growth of the market.
"The phosphite & phosphonite segment is expected to be the fastest-growing antioxidant type segment of the plastic segment, in terms of value, from 2017 to 2022."
The phosphite & phosphonite segment is expected to witness the highest growth, in terms of volume, from 2017 to 2022. The ability of phosphite and phosphonite antioxidants to provide better color stabilization and its melt viscosity to plastics are the key factors expected to drive the growth of the segment in the coming years.
"Acrylonitrile Butadiene Styrene (ABS) is expected to be the fastest-growing polymer resin, in terms of value, from 2017 and 2022."
The ABS resin segment is estimated to be the fastest-growing polymer resin segment from 2017 and 2022, in terms of value. The growth of the segment can be attributed to the increasing demand and manufacturing of ABS in Asia-Pacific, especially in China. China accounts for more than one-third of the global capacity of ABS and more than half of its global consumption. This is majorly due to the growing demand for electrical & electronic devices and consumer appliances in China. The strong and durable nature of ABS drives its demand in various industries, such as home appliances, electrical & electronics, and automobiles.
"Asia-Pacific is expected to be the fastest-growing market during the forecast period, in terms of value."
The growing demand for plastics from the building & construction, agriculture, packaging, and automotive industries is expected to fuel the growth of the plastic antioxidants market in the region. In addition, the rising population and increasing disposable income in countries such as China and India are fueling the growth of the building & construction, packaging, and automotive industries in Asia-Pacific, thereby driving the plastic antioxidants market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (44%), Tier 2 (42%), and Tier 3 (14%)
- By Designation: C-level (28%), Director Level (20%), and Others (52%)
- By Region: Asia-Pacific (50%), Europe (25%), North America (12%), South America (7%), and Middle East & Africa (6%)
Key players profiled in the report include BASF SE (Germany), Songwon Industrial Co., Ltd. (South Korea), SI Group, Inc. (US), ADEKA Corporation (Japan), Clariant AG (Switzerland), A. Schulman, Inc. (US), Milliken Company (U.S.) Solvay S.A. (Belgium), Dover Chemical Corporation (US), 3V Sigma S.p.A (Italy), Sumitomo Chemical Company, Limited (Japan), Sakai Chemical Industry Co., Ltd. (Japan), Everspring Chemical Co., Ltd. (Taiwan), OMNOVO Solutions Inc. (US), Evonik Industries AG (Germany), Ampacet Corporation (US), Lanxess (Germany), Astra Polymers (Saudi Arabia), Krishna Antioxidants Pvt. Ltd. (India), Emerald Performance Materials, LLC (US), Trigon Antioxidants Pvt. Ltd. (India), Rifra Masterbatch S.p.A. (Italy), Oxiris Chemicals S.A. (Spain), Wells Plastics Ltd. (UK), and Shandong Linyi Sunny Wealth Chemical Co., Ltd. (China).
Research Coverage
This report segments the market for plastic antioxidants on the basis of polymer resin type, antioxidant type, and region, and provides the estimations for the overall value of the market across various regions. A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, acquisitions, agreements, partnership, and recent developments associated with the market for plastic antioxidants.
Reasons to Buy This Report:
This research report is focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the plastic antioxidants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on plastic antioxidants offered by the top players in the global plastic antioxidants market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the plastic antioxidants market
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for plastic antioxidants across regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global plastic antioxidants market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the plastic antioxidants market
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