Global Plastic Antioxidants Market - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Plastic Antioxidants Market by Antioxidant Type (Phenolic Antioxidants, Phosphite and Phosphonite, Antioxidant Blends, Others), by Polymer Resin (PP, PE, PVC, PS, ABS and Others), by region (Asia-Pacific, North America, Europe, South America, Middle East, and Africa), with forecasts till 2029 (value and volume)
The global Plastic Antioxidants market is valued at US$2.2 billion in 2021 and is expected to grow at a 4.5% CAGR during the forecasted period. The main factors driving growth for Plastic Antioxidants are the increasing use of plastics, replacing conventional materials such as aluminum, iron, and steel, and the growing demand for Polypropylene.
ChemIntel360’s global Plastic Antioxidants Market study is a 148-page report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, antioxidant type and polymer resin perspective.
Plastics Antioxidants are added to plastics to restrict degradation caused by thermo-mechanical or thermo-oxidative conditions, extending a product's life, enhancing its appearance, and maintaining its strength, stiffness, and flexibility.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
Key insights from the Global Plastic Antioxidants report
Insights by Antioxidant Type
Based on the type of antioxidants used in the plastic manufacturing process, the global Plastic Antioxidants market is segmented into Phenolic Antioxidants, Phosphite and Phosphonite Antioxidants, Antioxidant Blends, and others.
Phenolic Antioxidants has the largest share in the market, which is growing due to the extensive use of Polypropylene and Polyethylene plastics. It accounted for 47.8% of the market in 2021.
A combination of Phenol and Aldehyde is used to make Phenolic Antioxidants-based plastics. It is easy to manufacture, relatively affordable, and frequently used as an acrylic alternative, binder, and insulator. Due to their dielectric properties, Phenolic Antioxidants are commonly used in applications such as electrical transformers and circuit boards. Phosphites and Phosphonites are phosphorus-based secondary antioxidants, which are also known as Hydroperoxide decomposers. These decomposers react with Hydroperoxides to protect adhesives, plastics, and coatings during high-temperature processing. However, they do not provide long-term thermal stability.
Insights by Polymer Resin
The global Plastic Antioxidants market is classified as Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), and others based on the Polymer Resin used.
The Polypropylene segment is estimated to have the highest growth over the forecast period, mainly due to the growing demand for Polypropylene in various end-use industries such as automotive, building and construction, packaging, and electrical and electronics. Polypropylene (PP) is a tough, rigid, crystalline thermoplastic produced from the Propene (or Propylene) monomer. It accounted for 34% of the market in 2021.
Polyethylene belongs to polyolefin family of polymers and is made by polymerization of ethylene (or ethene) monomer. Polyethylene (PE) is the most commonly used plastic in daily use. It is a thermoplastic polymer which is durable, lightweight and has a variable crystalline structure. PE is widely used in industries such as packaging, automotive, and electrical to name a few, with applications ranging from films, tubes, plastic parts and laminates.
Polyvinyl chloride (PVC or Vinyl) is used in various applications such as piping and siding, blood bags, tubing, wire and cable insulation, and windshield system components.
Insights by Region
Asia-Pacific was the largest market for Plastics Antioxidants in 2021 and accounted for 60% of the market. The increasing use of resins in various end-use industries such as packaging, construction, and automotive industries in India and China has, in turn, raised the demand for Plastic Antioxidants in the region.
The rise in demand for Polyethylene and Polypropylene resins in the construction industry is expected to drive the Plastic Antioxidant market in the region.
Moreover, the demand and supply in the APAC region are balanced due to the presence of significant players such as BASF SE, SONGWON, and Solvay, ensuring an adequate supply of Plastic Antioxidants in the region.
North America was the second-largest market for Plastic Antioxidants globally in terms of volume. The growing demand for packaging in the food and beverage industry in countries such as the U.S., Canada, and Mexico is expected to boost the market over the short to medium term.
Insights on key countries:
The Chinese market was the largest market in 2021 and was valued at US$555 million for the same year. Plastic Antioxidants is widely utilized in the automotive and packaging sector. In addition, robust demand of the chemical in the construction sector is expected to contribute to the growth of the Chinese market.
The U.S market was valued at US$207 million in 2021. Growing use of Plastics in household goods, automotive, and electronics goods would contribute to the growth of the market. In addition, increasing demand of the product in the production of plastics for packaging sector would drive the growth of the country.
Market dynamics
COVID-19 impact
The global Plastic Antioxidants market was adversely affected due to the COVID-19 pandemic. This was primarily due to lower demand of plastics from end-use industries such as construction, automotive, and consumer goods, leading to lower consumption of Plastic Antioxidants which are used as additives to process plastics.
However, some end-user segments such as healthcare and packaging witnessed a significant uptick and boosted demand for Plastic Antioxidants. Plastic Antioxidants were used during the pandemic to manufacture medical devices, personal protective equipment, and food and beverage packaging.
Drivers
The growing use of plastics over conventional materials is expected to drive the growth in the Plastic Antioxidants market. Plastics are more resistant to abrasion and heat than conventional materials such as glass, paper, metal, and ceramics. Plastics are slowly replacing these conventional materials, due to the need for light-weight materials in the packaging, building and construction and automotive industries. For instance, the use of plastics in vehicles has improved their fuel efficiency, safety, and performance.
Plastic polymers are used to manufacture airbag fabrics, child safety seats, steering wheel, dashboard, headlamp covers, and other exterior vehicle body parts. This is expected to drive the market for Plastic Antioxidants, which are primarily used in the plastic manufacturing process to reduce the degradation caused by heat and oxidation.
Opportunities
Plastics find widespread applications in the agriculture sector, including mulch films, greenhouses, high tunnels, low tunnels, silages, nets, piping, irrigation, drainage, and packaging. The use of antioxidants provides thermal insulation and resistance to discoloration in agricultural plastics, thereby allowing them to endure extreme climatic conditions.
In developing economies such as India, the demand for agricultural plastics is rising as farmers start adopting agricultural best practices from other developed countries. Thus, despite posing severe environmental concerns, the use of plastics continues unabated in the agriculture sector. The non-availability of any reliable, economical, and eco-friendly alternative other than plastic, which can support such widespread applications, is expected to drive the demand for agricultural plastics and Plastic Antioxidants in the coming years.
Challenge
Plastic Antioxidants pose a significant threat to human health. Most plastic-based products, including bottles, food packages, building materials, and household appliances, contain these antioxidants. These antioxidants can enter the human body under certain circumstances, which may adversely affect human health, causing cancer, congenital diseases, or immunological disorders.
Studies indicate that Polypropylene and HDPE/LDPE bottles release a measurable quantity of synthetic Antioxidants (2,6 di-tert-butyl-p-cresol, also known as BHT) into the food contents. Due to these reasons, countries across the globe are imposing strict regulations on the usage of plastic-based products. This is expected to put a decline in the demand for Plastic Antioxidants during the forecast period.
Trend
The increasing use of plastics is detrimental to the environment. Thus, to establish an environmentally friendly manufacturing process, the Plastic Antioxidant manufacturers are focusing on making operational sustainability an essential part of the plant design. Compared to the traditional Antioxidant plants, these new-age manufacturing units will have lower energy consumption and lesser waste generation per ton of manufactured products.
For instance, the second phase of the BASF Antioxidant plant, set up in Shanghai in 2019, is expected to produce 42,000 tons of Antioxidants annually. The plant is designed to most of its process water in subsequent production and uses an improved drying technology to reduce solid waste.
Key Companies
The key companies operating in this market are Solvay, BASF SE, Clariant, Songwon, Sumitomo Chemical, Adeka Corporation, SK Capital, 3V Sigma S.p.A, Dover Chemical Corporation, and Evonik Industries.
Development
In January 2020, BASF announced plans to increase the production capacity for one of its Antioxidant products, Irganox1520L, by 20% at its manufacturing facility at Pontecchio Marconi, Italy.
Scope of the Global Plastic Antioxidants report
This report provides analysis of the latest industry trends and estimates revenue and volume growth at global, regional, and country levels. For this report, ChemIntel360 has segmented the global Plastic Antioxidants market based on antioxidant type, polymer resin and region.
Insights on Antioxidant type (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Phenolic Antioxidants
- Phosphite and Phosphonite
- Antioxidant Blends
- Others
Insights on Polymer Resin (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- PP
- PE
- PVC
- PS
- ABS
- Others
Insights on Regional market (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Objectives of the report
- To define, describe, and forecast the Plastic Antioxidants market on the basis of antioxidant type, polymer resin, region, and selected countries.
- To analyze and forecast the Plastic Antioxidants market segments (type and resin) based on major regions such as Asia-Pacific, North America, Europe, South America, and Middle East and Africa.
- To analyze and provide information on various market dynamics including trends, drivers, opportunities, and challenges, that directly or indirectly influence the market during the forecast period.
- To analyze and provide details of a competitive landscape for market leaders.
- To analyze recent developments in terms of operational and strategic changes such as new product developments, capacity expansion, alliances, joint ventures, and mergers & acquisitions in the market
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 Impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Segment Analysis
3.1.1 Market overview, 2018-2029 (US$ billion)
3.1.2 Market overview, 2018-2029 (million tons)
3.2.1 Plastic Antioxidants market: Phenolic Antioxidants (US$ billion)
3.2.2 Plastic Antioxidants market: Phenolic Antioxidants (million tons)
3.3.1 Plastic Antioxidants market: Phosphite and Phosphonite (US$ billion)
3.3.2 Plastic Antioxidants market: Phosphite and Phosphonite (million tons)
3.4.1 Plastic Antioxidants market: Antioxidant Blends (US$ billion)
3.4.2 Plastic Antioxidants market: Antioxidant Blends (million tons)
3.5.1 Plastic Antioxidants market: Others (US$ billion)
3.5.2 Plastic Antioxidants market: Others (million tons)
Chapter-4: Regional Analysis
4.1 Market overview, 2018-2029
4.2.1 Market overview, 2018-2029 (US$ billion)
4.2.2 Market overview, 2018-2029 (million tons)
4.3.1 Plastic Antioxidants market: Asia Pacific (US$ billion)
4.3.2 Plastic Antioxidants market: Asia Pacific (million tons)
4.4.1 Plastic Antioxidants market: North America (US$ billion)
4.4.2 Plastic Antioxidants market: North America (US$ billion)
4.5.1 Plastic Antioxidants market: Europe (US$ billion)
4.5.2 Plastic Antioxidants market: Europe (million tons)
4.6.1 Plastic Antioxidants market: South America (US$ billion)
4.6.2 Plastic Antioxidants market: South America (million tons)
4.7.1 Plastic Antioxidants market: Middle East and Africa (US$ billion)
4.7.2 Plastic Antioxidants market: Middle East and Africa (million tons)
Chapter-5: Regional market Analysis by Application
5.1 Plastic Antioxidants regional market Type composition
5.1.1 Plastic Antioxidants market: APAC Phenolic Antioxidants (US$ billion)
5.1.2 Plastic Antioxidants market: APAC Phenolic Antioxidants (million tons)
5.2.1 Plastic Antioxidants market: APAC Phosphite and Phosphonite (US$ billion)
5.2.2 Plastic Antioxidants market: APAC Phosphite and Phosphonite (million tons)
5.3.1 Plastic Antioxidants market: APAC Antioxidant Blends (US$ billion)
5.3.2 Plastic Antioxidants market: APAC Antioxidant Blends (million tons)
5.4.1 Plastic Antioxidants market: APAC Others (US$ billion)
5.4.2 Plastic Antioxidants market: APAC Others (million tons)
5.5.1 Plastic Antioxidants market: North America Phenolic Antioxidants (US$ billion)
5.5.2 Plastic Antioxidants market: North America Phenolic Antioxidants (million tons)
5.6.1 Plastic Antioxidants market: North America Phosphite and Phosphonite (US$ billion)
5.6.2 Plastic Antioxidants market: North America Phosphite and Phosphonite (million tons)
5.7.1 Plastic Antioxidants market: North America Antioxidant Blends (US$ billion)
5.7.2 Plastic Antioxidants market: North America Antioxidant Blends (million tons)
5.8.1 Plastic Antioxidants market: North America Antioxidant Others (US$ billion)
5.8.2 Plastic Antioxidants market: North America Antioxidant Others (million tons)
5.9.1 Plastic Antioxidants market: Europe Phenolic Antioxidants (US$ billion)
5.9.2 Plastic Antioxidants market: Europe Phenolic Antioxidants (million tons)
5.10.1 Plastic Antioxidants market: Europe Phosphite and Phosphonite (US$ billion)
5.10.2 Plastic Antioxidants market: Europe Phosphite and Phosphonite (million tons)
5.11.1 Plastic Antioxidants market: Europe Antioxidant Blends(US$ billion)
5.11.2 Plastic Antioxidants market: Europe Antioxidant Blends (million tons)
5.12.1 Plastic Antioxidants market: Europe Others (US$ billion)
5.12.2 Plastic Antioxidants market: Europe Others (million tons)
5.13.1 Plastic Antioxidants market: South America Phenolic Antioxidants (US$ billion)
5.13.2 Plastic Antioxidants market: South America Phenolic Antioxidants (million tons)
5.14.1 Plastic Antioxidants market: South America Phosphite and Phosphonite (US$ billion)
5.14.2 Plastic Antioxidants market: South America Phosphite and Phosphonite (million tons)
5.15.1 Plastic Antioxidants market: South America Antioxidant Blends (US$ billion)
5.15.2 Plastic Antioxidants market: South America Antioxidant Blends (million tons)
5.16.1 Plastic Antioxidants market: South America Others (US$ billion)
5.16.2 Plastic Antioxidants market: South America Others (million tons)
5.17.1 Plastic Antioxidants market: Middle East and Africa Phenolic Antioxidants (US$ billion)
5.17.2 Plastic Antioxidants market: Middle East and Africa Phenolic Antioxidants (million tons)
5.18.1 Plastic Antioxidants market: Middle East and Africa Phosphite and Phosphonite (US$ billion)
5.18.2 Plastic Antioxidants market: Middle East and Africa Phosphite and Phosphonite (million tons)
5.19.1 Plastic Antioxidants market: Middle East and Africa Antioxidant Blends (US$ billion)
5.19.2 Plastic Antioxidants market: Middle East and Africa Antioxidant Blends (million tons)
5.20.1 Plastic Antioxidants market: Middle East and Africa Others (US$ billion)
5.20.2 Plastic Antioxidants market: Middle East and Africa Others (million tons)
Chapter-6: Markets Analysis by Polymer Resin
6.1 Plastic Antioxidants regional market Type composition
6.1.1 Plastic Antioxidants market: APAC PP (US$ billion)
6.1.2 Plastic Antioxidants market: APAC PP (million tons)
6.2.1 Plastic Antioxidants market: APAC PE (US$ billion)
6.2.2 Plastic Antioxidants market: APAC PE (million tons)
6.3.1 Plastic Antioxidants market: APAC PVC (US$ billion)
6.3.2 Plastic Antioxidants market: APAC PVC (million tons)
6.4.1 Plastic Antioxidants market: APAC PS (US$ billion)
6.4.2 Plastic Antioxidants market: APAC PS (million tons)
6.5.1 Plastic Antioxidants market: APAC ABS (US$ billion)
6.5.2 Plastic Antioxidants market: APAC ABS (million tons)
6.6.1 Plastic Antioxidants market: APAC Others (US$ billion)
6.6.2 Plastic Antioxidants market: APAC Others (million tons)
6.7.1 Plastic Antioxidants market: North America PP (US$ billion)
6.7.2 Plastic Antioxidants market: North America PP (million tons)
6.8.1 Plastic Antioxidants market: North America PE (US$ billion)
6.8.2 Plastic Antioxidants market: North America PE (million tons)
6.9.1 Plastic Antioxidants market: North America PVC (US$ billion)
6.9.2 Plastic Antioxidants market: North America PVC (million tons)
6.10.1 Plastic Antioxidants market: North America PS (US$ billion)
6.10.2 Plastic Antioxidants market: North America PS (million tons)
6.11.1 Plastic Antioxidants market: North America ABS (US$ billion)
6.11.2 Plastic Antioxidants market: North America ABS (million tons)
6.12.1 Plastic Antioxidants market: North America Others (US$ billion)
6.12.2 Plastic Antioxidants market: North America Others (million tons)
6.13.1 Plastic Antioxidants market: Europe PP (US$ billion)
6.13.2 Plastic Antioxidants market: Europe PP (million tons)
6.14.1 Plastic Antioxidants market: Europe PE (US$ billion)
6.14.2 Plastic Antioxidants market: Europe PE (million tons)
6.15.1 Plastic Antioxidants market: Europe PVC (US$ billion)
6.15.2 Plastic Antioxidants market: Europe PVC (million tons)
6.16.1 Plastic Antioxidants market: Europe PS (US$ billion)
6.16.2 Plastic Antioxidants market: Europe PS (million tons)
6.17.1 Plastic Antioxidants market: Europe ABS (US$ billion)
6.17.2 Plastic Antioxidants market: Europe ABS (million tons)
6.18.1 Plastic Antioxidants market: Europe Others (US$ billion)
6.18.2 Plastic Antioxidants market: Europe Others (million tons)
6.19.1 Plastic Antioxidants market: South America PP (US$ billion)
6.19.2 Plastic Antioxidants market: South America PP (million tons)
6.20.1 Plastic Antioxidants market: South America PE (US$ billion)
6.20.2 Plastic Antioxidants market: South America PE (million tons)
6.21.1 Plastic Antioxidants market: South America PVC (US$ billion)
6.21.2 Plastic Antioxidants market: South America PVC (million tons)
6.22.1 Plastic Antioxidants market: South America PS(US$ billion)
6.22.2 Plastic Antioxidants market: South America PS (million tons)
6.23.1 Plastic Antioxidants market: South America ABS (US$ billion)
6.23.2 Plastic Antioxidants market: South America ABS (million tons)
6.24.1 Plastic Antioxidants market: South America Others (US$ billion)
6.24.2 Plastic Antioxidants market: South America Others (million tons)
6.25.1 Plastic Antioxidants market: Middle East and AfricaPP (US$ billion)
6.25.2 Plastic Antioxidants market: Middle East and AfricaPP (million tons)
6.26.1 Plastic Antioxidants market: Middle East and AfricaPE (US$ billion)
6.26.2 Plastic Antioxidants market: Middle East and AfricaPE (million tons)
6.27.1 Plastic Antioxidants market: Middle East and Africa PVC (US$ billion)
6.27.2 Plastic Antioxidants market: Middle East and Africa PVC (million tons)
6.28.1 Plastic Antioxidants market: Middle East and Africa PS (US$ billion)
6.28.2 Plastic Antioxidants market: Middle East and Africa PS (million tons)
6.29.1 Plastic Antioxidants market: Middle East and Africa ABS (US$ billion)
6.29.2 Plastic Antioxidants market: Middle East and Africa ABS (million tons)
6.30.1 Plastic Antioxidants market: Middle East and Africa Others (US$ billion)
6.30.2 Plastic Antioxidants market: Middle East and Africa Others (million tons)
Chapter-7: Key Markets Analysis
7.1 Plastic Antioxidants key market size composition
7.1.1 Market overview, 2018-2029 (US$ billion)
7.1.2 Market overview, 2018-2029 (million tons)
7.2.1 Plastic Antioxidants market: US, North America (US$ billion)
7.2.2 Plastic Antioxidants market: US, North America (million tons)
7.3.1 Plastic Antioxidants market: Canada, North America (US$ billion)
7.3.2 Plastic Antioxidants market: Canada, North America (million tons)
7.4.1 Plastic Antioxidants market: Mexico, North America (US$ billion)
7.4.2 Plastic Antioxidants market: Mexico, North America (million tons)
7.5.1 Plastic Antioxidants market: Germany, Europe (US$ billion)
7.5.2 Plastic Antioxidants market: Germany, Europe (million tons)
7.6.1 Plastic Antioxidants market: Italy, Europe (US$ billion)
7.6.2 Plastic Antioxidants market: Italy, Europe (million tons)
7.7.1 Plastic Antioxidants market: France, Europe (US$ billion)
7.7.2 Plastic Antioxidants market: France, Europe (million tons)
7.8.1 Plastic Antioxidants market: China, Asia Pacific (US$ billion)
7.8.2 Plastic Antioxidants market: China, Asia Pacific (million tons)
7.9.1 Plastic Antioxidants market: India, Asia Pacific (US$ billion)
7.9.2 Plastic Antioxidants market: India, Asia Pacific (million tons)
7.10.1 Plastic Antioxidants market: Japan, Asia Pacific (US$ billion)
7.10.2 Plastic Antioxidants market: Japan, Asia Pacific (million tons)
7.11.1 Plastic Antioxidants market: Brazil, South America (US$ billion)
7.11.2 Plastic Antioxidants market: Brazil, South America (million tons)
7.12.1 Plastic Antioxidants market: Argentina, South America (US$ billion)
7.12.2 Plastic Antioxidants market: Argentina, South America (million tons)
7.13.1 Plastic Antioxidants market: Colombia, South America (US$ billion)
7.13.2 Plastic Antioxidants market: Colombia, South America (million tons)
7.14.1 Plastic Antioxidants market: South Africa, Middle East and Africa (US$ billion)
7.14.2 Plastic Antioxidants market: South Africa, Middle East and Africa (million tons)
7.15.1 Plastic Antioxidants market: UAE, Middle East and Africa (US$ billion)
7.15.2 Plastic Antioxidants market: UAE, Middle East and Africa (million tons)
7.16.1 Plastic Antioxidants market: Saudi Arabia, Middle East and Africa (US$ billion)
7.16.2 Plastic Antioxidants market: Saudi Arabia, Middle East and Africa (million tons)
Chapter 8: Company Profile
8.1Solvay
8.2 BASF SE
8.3 Clariant
8.4Songwon
8.5 Sumitomo Chemical
8.6 Adeka Corporation
8.7 SK Capital
8.8 3V Sigma S.p.A
8.9 Dover Chemical Corporation
8.10 Evonik Industries
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Plastic Antioxidants Market by Type during 2018-2029 in US$ billion
Table 2: By volume: Plastic Antioxidants Market by segment during 2018-2029 in million tons
Table 3: By value: Plastic Antioxidants Market by region during 2018-2029 in US$ billion
Table 4: By volume: Plastic Antioxidants Market by region during 2018-2029 in
million tons
Table 5: By Value: key Plastic Antioxidants markets in US$ billion
Table 6: By Volume: key Plastic Antioxidants markets in million tons
List of Figures
Figure 1: By value: Plastic Antioxidants market segment share during 2018-2029 in %
Figure 2: By volume: Plastic Antioxidants market segment share during 2018-2029 in %
Figure 3: By value: Share of Phenolic Antioxidants in Plastic Antioxidants market during 2018-2029 in %
Figure 4: By value: Phenolic Antioxidants market segment during 2018-2029 in US$ billion
Figure 5: By volume: Share of Phenolic Antioxidants market during 2018-2029 in %
Figure 6: By volume: Phenolic Antioxidants market during 2018-2029 in million tons
Figure 7: By value: Share of Phosphite and Phosphonite market during 2018-2029 in %
Figure 8: By value: Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 9: By volume: Share of Phosphite and Phosphonite market during 2018-2029 in %
Figure 10: By volume: Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 11: By value: Share of Antioxidant Blends market during 2018-2029 in %
Figure 12: By value: Antioxidant Blends market during 2018-2029 in US$ billion
Figure 13: By volume: Share of Antioxidant Blends market during 2018-2029 in %
Figure 14: By volume: Antioxidant Blends market during 2018-2029 in million tons
Figure 15: By Value: key Plastic Antioxidants regional markets in US$ billion
Figure 16: By Volume: key Plastic Antioxidants regional markets in million tons
Figure 17: By value: Plastic Antioxidants market region share during 2018-2029 in %
Figure 18: By volume: Plastic Antioxidants market region share during 2018-2029 in %
Figure 19: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 20: By value: Asia Pacific market during 2018-2029 in US$ billion
Figure 21: By volume: Share of Asia Pacific market during 2018-2029 in %
Figure 22: By volume: APAC market during 2018-2029 in million tons
Figure 23: By value: Share of North America market during 2018-2029 in %
Figure 24: By value: North America market during 2018-2029 in US$ billion
Figure 25: By volume: Share of North America market during 2018-2029 in %
Figure 26: By volume: North America market during 2018-2029 in million tons
Figure 27: By value: Share of Europe market during 2018-2029 in
Figure 28: By value: Europe market during 2018-2029 in US$ billion
Figure 29: By volume: Share of Europe market during 2018-2029 in %
Figure 30: By volume: Europe market during 2018-2029 in million tons
Figure 31: By value: Share of South America market during 2018-2029 in %
Figure 32: By value: South America market during 2018-2029 in US$ billion
Figure 33: By volume: Share of South America market during 2018-2029 in %
Figure 34: By volume: South America market during 2018-2029 in million tons
Figure 35: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 36: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 37: By volume: Share of Middle East and Africa market during
2018-2029 in %
Figure 38: By volume: Middle East and Africa market during 2018-2029
in million tons
Figure 39: By value: Share of APAC Phenolic Antioxidants market during 2018-2029 in %
Figure 40: By value: APAC Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 41: By volume: Share of APAC Phenolic Antioxidants market during 2018-2029 in %
Figure 42: By volume: APAC Phenolic Antioxidants market during 2018-2029 in million tons
Figure 43: By value: Share of APAC Phosphite and Phosphonite market during 2018-2029 in %
Figure 44: By value: APAC Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 45: By volume: Share of APAC Phosphite and Phosphonite market during 2018-2029 in %
Figure 46: By volume: APAC Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 47: By value: Share of APAC Antioxidant Blends market during 2018-2029 in %
Figure 48: By value: APAC Antioxidant Blends market during 2018-2029 in US$ billion
Figure 49: By volume: Share of APAC Antioxidant Blends market during 2018-2029 in %
Figure 50: By volume: APAC Antioxidant Blends market during 2018-2029 in million tons
Figure 51: By value: Share of North America Phenolic Antioxidants market during 2018-2029 in %
Figure 52: By value: North America Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 53: By volume: Share of North America Phenolic Antioxidants market during 2018-2029 in %
Figure 54: By volume: North America Phenolic Antioxidants market during 2018-2029 in million tons
Figure 55: By value: Share of North America Phosphite and Phosphonite market during 2018-2029 in %
Figure 56: By value: North America Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 57: By volume: Share of North America Phosphite and Phosphonite market during 2018-2029 in %
Figure 58: By volume: North America Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 59: By value: Share of North America Antioxidant Blends market during 2018-2029 in %
Figure 60: By value: North America Antioxidant Blends market during 2018-2029 in US$ billion
Figure 61: By volume: Share of North America Antioxidant Blends market during 2018-2029 in %
Figure 62: By volume: North America Antioxidant Blends market during 2018-2029 in million tons
Figure 63: By value: Share of Europe Phenolic Antioxidants market during 2018-2029 in %
Figure 64: By value: Europe Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 65: By volume: Share of Europe Phenolic Antioxidants market during 2018-2029 in %
Figure 66: By volume: Europe Phenolic Antioxidants market during 2018-2029 in million tons
Figure 67: By value: Share of Europe Phosphite and Phosphonite market during 2018-2029 in %
Figure 68: By value: Europe Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 69: By volume: Share of Europe Phosphite and Phosphonite market during 2018-2029 in %
Figure 70: By volume: Europe Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 71: By value: Share of Europe Antioxidant Blends market during 2018-2029 in %
Figure 72: By value: Europe Antioxidant Blends market during 2018-2029 in US$ billion
Figure 73: By volume: Share of Europe Antioxidant Blends market during 2018-2029 in %
Figure 74: By volume: Europe Antioxidant Blends market during 2018-2029 in million tons
Figure 75: By value: Share of South America Phenolic Antioxidants market during 2018-2029 in %
Figure 76: By value: South America Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 77: By volume: Share of South America Phenolic Antioxidants market during 2018-2029 in %
Figure 78: By volume: South America Phenolic Antioxidants market during 2018-2029 in million tons
Figure 79: By value: Share of South America Phosphite and Phosphonite market during 2018-2029 in %
Figure 80: By value: South America Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 81: By volume: Share of South America Phosphite and Phosphonite market during 2018-2029 in %
Figure 82: By volume: South America Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 83: By value: Share of South America Antioxidant Blends market during 2018-2029 in %
Figure 84: By value: South America Antioxidant Blends market during 2018-2029 in US$ billion
Figure 85: By volume: Share of South America Antioxidant Blends market during 2018-2029 in %
Figure 86: By volume: South America Antioxidant Blends market during 2018-2029 in million tons
Figure 87: By value: Share of South America Phenolic Antioxidants market during 2018-2029 in %
Figure 88: By value: South America Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 89: By volume: Share of South America Phenolic Antioxidants market during 2018-2029 in %
Figure 90: By volume: South America Phenolic Antioxidants market during 2018-2029 in million tons
Figure 91: By value: Share of South America Phosphite and Phosphonite market during 2018-2029 in %
Figure 92: By value: South America Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 93: By volume: Share of South America Phosphite and Phosphonite market during 2018-2029 in %
Figure 94: By volume: South America Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 95: By value: Share of South America Antioxidant Blends market during 2018-2029 in %
Figure 96: By value: South America Antioxidant Blends market during 2018-2029 in US$ billion
Figure 97: By volume: Share of South America Antioxidant Blends market during 2018-2029 in %
Figure 98: By volume: South America Antioxidant Blends market during 2018-2029 in million tons
Figure 99: By value: Share of Middle East & Africa Phenolic Antioxidants market during 2018-2029 in %
Figure 100: By value: Middle East & Africa Phenolic Antioxidants market during 2018-2029 in US$ billion
Figure 101: By volume: Share of Middle East & Africa Phenolic Antioxidants market during 2018-2029 in %
Figure 102: By volume: Middle East & Africa Phenolic Antioxidants market during 2018-2029 in million tons
Figure 103: By value: Share of Middle East & Africa Phosphite and Phosphonite market during 2018-2029 in %
Figure 104: By value: Middle East & Africa Phosphite and Phosphonite market during 2018-2029 in US$ billion
Figure 105: By volume: Share of Middle East & Africa Phosphite and Phosphonite market during 2018-2029 in %
Figure 106: By volume: Middle East & Africa Phosphite and Phosphonite market during 2018-2029 in million tons
Figure 107: By value: Share of Middle East & Africa Antioxidant Blends market during 2018-2029 in %
Figure 108: By value: Middle East & Africa Antioxidant Blends market during 2018-2029 in US$ billion
Figure 109: By volume: Share of Middle East & Africa Antioxidant Blends market during 2018-2029 in %
Figure 110: By volume: Middle East & Africa Antioxidant Blends market during 2018-2029 in million tons
Figure 111: By value: Share of APAC PP Market during 2018-2029 in %
Figure 112: By value: APAC PP Market during 2018-2029 in US$ billion
Figure 113: By volume: Share of APAC PP Market during 2018-2029 in %
Figure 114: By volume: APAC PP Market during 2018-2029 in million tons
Figure 115: By value: Share of APAC PE Market during 2018-2029 in %
Figure 116: By value: APAC PE Market during 2018-2029 in US$ billion
Figure 117: By volume: Share of APAC PE Market during 2018-2029 in %
Figure 118: By volume: APAC PE Market during 2018-2029 in million tons
Figure 119: By value: Share of APAC PVC Market during 2018-2029 in %
Figure 120: By value: APAC PVC Market during 2018-2029 in US$ billion
Figure 121: By volume: Share of APAC PVC Market during 2018-2029 in %
Figure 122: By volume: APAC PVC Market during 2018-2029 in million tons
Figure 123: By value: Share of APAC PS Market during 2018-2029 in %
Figure 124: By value: APAC PS Market during 2018-2029 in US$ billion
Figure 125: By volume: Share of APAC PS Market during 2018-2029 in %
Figure 126: By volume: APAC PS Market during 2018-2029 in million tons
Figure 127: By value: Share of APAC ABS Market during 2018-2029 in %
Figure 128: By value: APAC ABS Market during 2018-2029 in US$ billion
Figure 129: By volume: Share of APAC ABS Market during 2018-2029 in %
Figure 130: By volume: APAC ABS Market during 2018-2029 in million tons
Figure 131: By value: Share of APAC Others Market during 2018-2029 in %
Figure 132: By value: APAC Others Market during 2018-2029 in US$ billion
Figure 133: By volume: Share of APAC Others Market during 2018-2029 in %
Figure 134: By volume: APAC Others Market during 2018-2029 in million tons
Figure 135: By value: Share of North America PP Market during 2018-2029 in %
Figure 136: By value: North America PP Market during 2018-2029 in US$ billion
Figure 137: By volume: Share of North America PP Market during 2018-2029 in %
Figure 138: By volume: North America PP Market during 2018-2029 in million tons
Figure 139: By value: Share of North America PE Market during 2018-2029 in %
Figure 140: By value: North America PE Market during 2018-2029 in US$ billion
Figure 141: By volume: Share of North America PE Market during 2018-2029 in %
Figure 142: By volume: North America PE Market during 2018-2029 in million tons
Figure 143: By value: Share of North America PVC Market during 2018-2029 in %
Figure 144: By value: North America PVC Market during 2018-2029 in US$ billion
Figure 145: By volume: Share of North America PVC Market during 2018-2029 in %
Figure 146: By volume: North America PVC Market during 2018-2029 in million tons
Figure 147: By value: Share of North America PS Market during 2018-2029 in %
Figure 148: By value: North America PS Market during 2018-2029 in US$ billion
Figure 149: By volume: Share of North America PS Market during 2018-2029 in %
Figure 150: By volume: North America PS Market during 2018-2029 in million tons
Figure 151: By value: Share of North America ABS Market during 2018-2029 in %
Figure 152: By value: North America ABS Market during 2018-2029 in US$ billion
Figure 153: By volume: Share of North America ABS Market during 2018-2029 in %
Figure 154: By volume: North America ABS Market during 2018-2029 in million tons
Figure 155: By value: Share of North America Others Market during 2018-2029 in %
Figure 156: By value: North America Others Market during 2018-2029 in US$ billion
Figure 157: By volume: Share of North America Others Market during 2018-2029 in %
Figure 158: By volume: North America Others Market during 2018-2029 in million tons
Figure 159: By value: Share of Europe PP Market during 2018-2029 in %
Figure 160: By value: Europe PP Market during 2018-2029 in US$ billion
Figure 161: By volume: Share of Europe PP Market during 2018-2029 in %
Figure 162: By volume: Europe PP Market during 2018-2029 in million tons
Figure 163: By value: Share of Europe PE Market during 2018-2029 in %
Figure 164: By value: Europe PE Market during 2018-2029 in US$ billion
Figure 165: By volume: Share of Europe PE Market during 2018-2029 in %
Figure 166: By volume: Europe PE Market during 2018-2029 in million tons
Figure 167: By value: Share of Europe PVC Market during 2018-2029 in %
Figure 168: By value: Europe PVC Market during 2018-2029 in US$ billion
Figure 169: By volume: Share of Europe PVC Market during 2018-2029 in %
Figure 170: By volume: Europe PVC Market during 2018-2029 in million tons
Figure 171: By value: Share of Europe PS Market during 2018-2029 in %
Figure 172: By value: Europe PS Market during 2018-2029 in US$ billion
Figure 173: By volume: Share of Europe PS Market during 2018-2029 in %
Figure 174: By volume: Europe PS Market during 2018-2029 in million tons
Figure 175: By value: Share of Europe ABS Market during 2018-2029 in %
Figure 176: By value: Europe ABS Market during 2018-2029 in US$ billion
Figure 177: By volume: Share of Europe ABS Market during 2018-2029 in %
Figure 178: By volume: Europe ABS Market during 2018-2029 in million tons
Figure 179: By value: Share of Europe Others Market during 2018-2029 in %
Figure 180: By value: Europe Others Market during 2018-2029 in US$ billion
Figure 181: By volume: Share of Europe Others Market during 2018-2029 in %
Figure 182: By volume: Europe Others Market during 2018-2029 in million tons
Figure 183: By value: Share of South America PP Market during 2018-2029 in %
Figure 184: By value: South America PP Market during 2018-2029 in US$ billion
Figure 185: By volume: Share of South America PP Market during 2018-2029 in %
Figure 186: By volume: South America PP Market during 2018-2029 in million tons
Figure 187: By value: Share of South America PE Market during 2018-2029 in %
Figure 188: By value: South America PE Market during 2018-2029 in US$ billion
Figure 189: By volume: Share of South America PE Market during 2018-2029 in %
Figure 190: By volume: South America PE Market during 2018-2029 in million tons
Figure 191: By value: Share of South America PVC Market during 2018-2029 in %
Figure 192: By value: South America PVC Market during 2018-2029 in US$ billion
Figure 193: By volume: Share of South America PVC Market during 2018-2029 in %
Figure 194: By volume: South America PVC Market during 2018-2029 in million tons
Figure 195: By value: Share of South America PS Market during 2018-2029 in %
Figure 196: By value: South America PS Market during 2018-2029 in US$ billion
Figure 197: By volume: Share of South America PS Market during 2018-2029 in %
Figure 198: By volume: South America PS Market during 2018-2029 in million tons
Figure 199: By value: Share of South America ABS Market during 2018-2029 in %
Figure 200: By value: South America ABS Market during 2018-2029 in US$ billion
Figure 201: By volume: Share of South America ABS Market during 2018-2029 in %
Figure 202: By volume: South America ABS Market during 2018-2029 in million tons
Figure 203: By value: Share of South America Others Market during 2018-2029 in %
Figure 204: By value: South America Others Market during 2018-2029 in US$ billion
Figure 205: By volume: Share of South America Others Market during 2018-2029 in %
Figure 206: By volume: South America Others Market during 2018-2029 in million tons
Figure 207: By value: Share of Middle East and Africa PP Market during 2018-2029 in %
Figure 208: By value: Middle East and Africa PP Market during 2018-2029 in US$ billion
Figure 209: By volume: Share of Middle East and Africa PP Market during 2018-2029 in %
Figure 210: By volume: Middle East and Africa PP Market during 2018-2029 in million tons
Figure 211: By value: Share of Middle East and Africa PE Market during 2018-2029 in %
Figure 212: By value: Middle East and Africa PE Market during 2018-2029 in US$ billion
Figure 213: By volume: Share of Middle East and Africa PE Market during 2018-2029 in %
Figure 214: By volume: Middle East and Africa PE Market during 2018-2029 in million tons
Figure 215: By value: Share of Middle East and Africa PVC Market during 2018-2029 in %
Figure 216: By value: Middle East and Africa PVC Market during 2018-2029 in US$ billion
Figure 217: By volume: Share of Middle East and Africa PVC Market during 2018-2029 in %
Figure 218: By volume: Middle East and Africa PVC Market during 2018-2029 in million tons
Figure 219: By value: Share of Middle East and Africa Others Market during 2018-2029 in %
Figure 220: By value: Middle East and Africa Others Market during 2018-2029 in US$ billion
Figure 221: By volume: Share of Middle East and Africa Others Market during 2018-2029 in %
Figure 222: By volume: Middle East and Africa Others Market during 2018-2029 in million tons
Figure 223: By Value: key Plastic Antioxidants regional Markets in US$ billion
Figure 224: By Volume: key Plastic Antioxidants regional Markets in million tons
Figure 225: By value: Share of US Market during 2018-2029 in %
Figure 226: By value: US Market during 2018-2029 in US$ billion
Figure 227: By volume: Share of US Market during 2018-2029 in %
Figure 228: By volume: US Market during 2018-2029 in million tons
Figure 229: By value: Share of Canada Market during 2018-2029 in %
Figure 230: By value: Canada Market during 2018-2029 in US$ billion
Figure 231: By volume: Share of Canada Market during 2018-2029 in %
Figure 232: By volume: Canada Market during 2018-2029 in million tons
Figure 233: By value: Share of Mexico Market during 2018-2029 in %
Figure 234: By value: Mexico Market during 2018-2029 in US$ billion
Figure 235: By volume: Share of Mexico Market during 2018-2029 in %
Figure 236: By volume: Mexico Market during 2018-2029 in million tons
Figure 237: By value: Share of Germany Market during 2018-2029 in %
Figure 238: By value: Germany Market during 2018-2029 in US$ billion
Figure 239: By volume: Share of Germany Market during 2018-2029 in %
Figure 240: By volume: Germany Market during 2018-2029 in million tons
Figure 241: By value: Share of Italy Market during 2018-2029 in %
Figure 242: By value: Italy Market during 2018-2029 in US$ billion
Figure 243: By volume: Share of Italy Market during 2018-2029 in %
Figure 244: By volume: Italy Market during 2018-2029 in million tons
Figure 245: By value: Share of France Market during 2018-2029 in %
Figure 246: By value: France Market during 2018-2029 in US$ billion
Figure 247: By volume: Share of France Market during 2018-2029 in %
Figure 248: By volume: France Market during 2018-2029 in million tons
Figure 249: By value: Share of China Market during 2018-2029 in %
Figure 250: By value: China Market during 2018-2029 in US$ billion
Figure 251: By volume: Share of China Market during 2018-2029 in %
Figure 252: By volume: China Market during 2018-2029 in million tons
Figure 253: By value: Share of India Market during 2018-2029 in %
Figure 254: By value: India Market during 2018-2029 in US$ billion
Figure 255: By volume: Share of India Market during 2018-2029 in %
Figure 256: By volume: India Market during 2018-2029 in million tons
Figure 257: By value: Share of Japan Market during 2018-2029 in %
Figure 258: By value: Japan Market during 2018-2029 in US$ billion
Figure 259: By volume: Share of Japan Market during 2018-2029 in %
Figure 260: By volume: Japan Market during 2018-2029 in million tons
Figure 261: By value: Share of Brazil Market during 2018-2029 in %
Figure 262: By value: Brazil Market during 2018-2029 in US$ billion
Figure 263: By volume: Share of Brazil Market during 2018-2029 in %
Figure 264: By volume: Brazil Market during 2018-2029 in million tons
Figure 265: By value: Share of Argentina Market during 2018-2029 in %
Figure 266: By value: Argentina Market during 2018-2029 in US$ billion
Figure 267: By volume: Share of Argentina Market during 2018-2029 in %
Figure 268: By volume: Argentina Market during 2018-2029 in million tons
Figure 269: By value: Share of Colombia Market during 2018-2029 in %
Figure 270: By value: Share of South Africa Market during 2018-2029 in %
Figure 271: By value: South Africa Market during 2018-2029 in US$ billion
Figure 272: By volume: Share of South Africa Market during 2018-2029 in %
Figure 273: By volume: South Africa Market during 2018-2029 in million tons
Figure 274: By value: Share of UAE Market during 2018-2029 in %
Figure 275: By value: UAE Market during 2018-2029 in US$ billion
Figure 276: By volume: Share of UAE Market during 2018-2029 in %
Figure 277: By volume: UAE Market during 2018-2029 in million tons
Figure 278: By value: Share of Saudi Arabia Market during 2018-2029 in %
Figure 279: By value: Saudi Arabia Market during 2018-2029 in US$ billion
Figure 280: By volume: Share of Saudi Arabia Market during 2018-2029 in %
Figure 281: By volume: Saudi Arabia Market during 2018-2029 in million tons
Figure 282: Solvay
Figure 283: BASF SE
Figure 284: Clariant
Figure 285: Songwon
Figure 286: Sumitomo Chemical
Figure 287: Adeka Corporation
Figure 288: SK Capital
Figure 289: 3V Sigma S.p.A
Figure 290: Dover Chemical Corporation
Figure 291: Evonik Industries
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
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| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Volume in kilotons, Revenue in US$ million/billion |
| Report Coverage | Value/ Revenue forecast, Volume forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the volume and revenue estimations, trends, and drivers |
| Segments | By End Use By Type By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Solvay, BASF SE, Clariant, Songwon, Sumitomo Chemical, Adeka Corporation, SK Capital, 3V Sigma S.p.A, Dover Chemical Corporation, and Evonik Industries |
The global Plastic Antioxidants market size was estimated at US$2.2 billion in 2021 and is expected to reach US$2.3 billion in 2022.
The global Plastic Antioxidants market is expected to grow at a compound annual growth rate of 4.5% from 2022 to 2029 to reach US$3.2 billion by 2029.
In 2021, the APAC region led the Plastic Antioxidant market in 2021 with a share of 60.0%.
The Polypropylene segment led the market with a market share of 34% in 2021.
Some key players operating in the Plastic Antioxidants market include Solvay, BASF SE, Clariant, Songwon, Sumitomo Chemical, Adeka Corporation, SK Capital, 3V Sigma S.p.A, Dover Chemical Corporation, and Evonik Industries.
Key factors that are driving the Plastic Antioxidant market growth include the increasing utilization of plastics over conventional materials. Plastics are more resilient to heat and abrasion than standard substrates such as glass, paper, metal, and ceramics. This is expected to drive the growth of Plastic Antioxidants during the forecast period.