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Plastic Antioxidants Market Trends

Report ID: GMI8417
Published Date: Mar 2024
Report Format: PDF

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Plastic Antioxidants Market Trends

In the plastic antioxidants industry, several notable trends are shaping the industry landscape. These include the increasing demand for antioxidants in recycled plastics to support sustainability initiatives, alongside a notable shift towards bio-based antioxidants driven by environmental concerns. Technological advancements in antioxidant formulations are enhancing performance characteristics, while the rising adoption of antioxidant blends offers improved stability and efficacy. Compliance with stringent regulations regarding product safety and environmental sustainability is also a significant focus, driving investment in compliant antioxidant solutions.

Moreover, the market is experiencing growth in emerging economies due to rapid industrialization and infrastructure development, presenting expansion opportunities. Collaborations and partnerships within the industry are fostering innovation, enabling the development of advanced antioxidant solutions tailored to specific applications and market demands.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for plastic antioxidants reached USD 2 billion in 2023 and is set to expand at over 5.4% CAGR between 2024 and 2032 driven by the increasing demand from end-use industries and technological advancements leading to the development of innovative products.

Plastic antioxidants industry from the phenolic segment accounted for 39% revenue share in 2023 and is projected to record considerable growth through 2032 owing to the increasing demand across various industries, such as packaging, automotive, and construction.

North America industry generated USD 0.8 billion in revenue in 2023 and is estimated to depict robust growth from 2024-2032 owing to the presence of a booming manufacturing sector, particularly in industries such as automotive, packaging, and consumer goods.

Some of the top plastic antioxidant companies are 3V Sigma S.P.A, Adeka Corporation, Ampacet Corporation, Astra Polymers Compounding Co Ltd., BASF, Clariant, Dover Chemical Corporation, Evonik Industries, Lanxess, Milliken & Company, Omnova Solutions Inc., and Oxiris Chemicals S.A.