Chemical

According to a market report by Lucintel, the future of antioxidants in the global plastic additive market looks promising with opportunities in various polymer resins, such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and acrylonitrile butadiene styrene (ABS). The global plastic additive market in terms of antioxidant consumption is expected to reach an estimated $3.2 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major driver for this market is the growing demand for plastics as a replacement of conventional materials in various industries, such as automotive, construction, packaging, and electronics.



Phenolic, phosphite, and antioxidants blend are the major segments of antioxidants in the global plastic additive market by product type. Lucintel forecasts that phenolic will remain the largest product type segment over the forecast period as it is compatible with various polymer materials owing to its high stability, low volatility, and excellent thermal stability properties.



Within this market, polyethylene (PE) is expected to remain the largest polymer resin segment as it is commonly used in a variety of applications, such as packaging, construction, and consumer goods, because of its properties, such as durability, flexibility, and resistance to moisture and chemical.



APAC will remain the largest region due to rapidly growing economies, increasing production of plastic products and rising demand from end use industries.

BASF SE, Songwon, Adeka Corporation, Solvay, SK Capital, Clariant, Sumitomo Chemical, 3V Sigma S.p.A, and Dover Chemical Corporation are the major suppliers for antioxidants in the global plastic additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for antioxidants in the global plastic additive market by product type, polymer resin, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Antioxidants in the Global Plastic Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for antioxidants in the global plastic additive market by product type, polymer resin, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for antioxidants in the global plastic additive market by product type (phenolic, phosphite, antioxidants blend, and others), polymer resin (polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), acrylonitrile butadiene styrene (ABS), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?