Plastic Antioxidants Market Size - Forecasts to 2026

The Global Plastic Antioxidants Market would grow with a CAGR value of 5.75% between 2021-2026. Plastic antioxidants offer outstanding tensile strength and impact-resistant anti-aging. These inhibitors are used to increase equipment durability and performance. There is continuous innovation in the automotive, packaging, building & construction industries which is creating a need for lightweight materials in various industries and which has led to the replacement of glass, metals, ceramics, and paper, with plastics.

https://www.globalmarketestimates.com/market-report/global-plastic-antioxidants-market-2813

By Type (Phenolic, Phosphite & Phosphonite, Antioxidants, and Other) By Polymer Resin (PE, PP, PVC, PS, ABS, Others) By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); Company Market Share Analysis & Competitor Analysis.

Key Market Insights:

The market is categorized into antioxidants, phenolic, phosphite & phosphonite, by antioxidant type. Among these, due to its capacity to function effectively in high-temperature processing applications.
The rising population and high disposable income are accelerating the growth of the packaging, automotive, building & construction, and other sectors in the Asia Pacific.
BASF SE (Germany), Dover Chemical Corporation (US), Songwon (South Korea), Sumitomo Chemical (Japan), SK Capital (US), 3V Sigma S.p. A, Clariant (Switzerland), Adeka Corporation (Japan), and Solvay (Belgium), are the major players that are leading the market.
In December 2019, BASF launched a new antioxidant manufacturing plant in Shanghai, China

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Type Outlook (Revenue, USD Million, 2021-2026)