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Plastic Antioxidants Market Size, Share, Industry Trends and Forecast to 2030

Plastic Antioxidants Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

What is the Market Size & CAGR of Plastic Antioxidants market in 2021?

The global plastic antioxidants market had a market size of USD 2.1 billion in 2021. The compound annual growth rate (CAGR) of the market during the same year was 5.8%. This growth can be attributed to the increasing demand for plastic antioxidants in various industries such as packaging, automotive, and construction.

COVID-19 Impact on the Plastic Antioxidants Market

The COVID-19 pandemic had a mixed impact on the plastic antioxidants market. On one hand, the market witnessed a decline in demand due to disruptions in supply chains and reduced economic activity. However, on the other hand, there was an increased focus on packaging materials, which led to a surge in demand for plastic antioxidants in the packaging industry.

Plastic Antioxidants Dynamics

The plastic antioxidants market is driven by factors such as the growing awareness about the benefits of using antioxidants in plastic materials, the increasing use of plastic in various end-use industries, and the need to enhance the longevity and performance of plastic products. Additionally, stringent regulations regarding the use of plastics in different applications have also propelled the market growth.

Segments and Related Analysis

The plastic antioxidants market can be segmented based on type, application, and region. Common types of plastic antioxidants include phenolic antioxidants, phosphite antioxidants, and others. In terms of application, the market can be categorized into packaging, automotive, construction, and others.

By Region Analysis

In terms of regions, Asia Pacific dominated the plastic antioxidants market in 2021, followed by North America and Europe. The rapid industrialization, urbanization, and increasing investments in infrastructure development in Asia Pacific have contributed to the high demand for plastic antioxidants in the region.

Key Market Players and Competitive Landscape

Key players in the plastic antioxidants market include BASF SE, Albemarle Corporation, Songwon Industrial Co., Ltd., Solvay SA, and Adeka Corporation. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market.

Recent Happenings in the Plastic Antioxidants Market

In recent years, the plastic antioxidants market has witnessed several developments such as new product launches, collaborations, and investments in research and development. For example, BASF SE introduced a new range of high-performance plastic antioxidants for the automotive industry, aimed at enhancing the durability and performance of plastic components.

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