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Plastic Antioxidants Market by Type (Phenolic, Phosphite, Antioxidant Blend, Others), by Polymer Resin (Polypropylene, Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polystyrene), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Plastic Antioxidants Market size was valued at USD 2.9 USD Billion in 2023 and is projected to reach USD 4.19 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. They are organic inhibitors incorporated in the plastics to protect them from heat, light, and oxygen that cause them to degenerate. They function in the manner of terminating free radicals which are well known to increase the rate of degradation of polymers. There are primarily two types: primary antioxidants or radical trap which includes radical scavengers, peroxide decomposer, and synergistic antioxidants which reform primary antioxidants and themselves hydroperoxide decomposers. Some of the important characteristics specific to plastic antioxidants include: thermal stability of the antioxidants, volatility and mixing ability with polymers. They are very important in prolonging the life and preserving the mechanical characteristics of plastic products. Fact, applications of this polymer includes; packaging materials, automotive parts, electronics, and consumer goods, to enhance their’ durability and functionality.
Plastic Antioxidants Trends
Type:
Polymer Resin:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4 % from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4 % from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
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