Increasing demand for plastic antioxidants products form the automotive and packaging industries is a key factor projected to drive growth of the global market over the forecast period.
The global plastic antioxidants market report has been segmented on the basis of basis of antioxidant type, polymer resin, and region.
On the basis of antioxidant type, the global market has been segmented into phenolic, phosphite & phosphonite, and antioxidant blends. The phenolic antioxidants segment is expected to account for significant share in terms of revenue in the global plastic antioxidants market. Phenolic antioxidants have ability to interfere with the chain propagation by terminating free radical and can be utilized with polymer resins. The phenolic antioxidants segment revenue is also projected to register highest CAGR over the forecast.
On the basis of polymer resin, the global plastic antioxidants market has been segmented into polyethylene, polypropylene, polyvinyl chloride, polystyrene, and acrylonitrile butadiene styrene. The polypropylene resin segment is estimated to account for significant revenue share in the global market in terms of revenue, owing to susceptibility to oxidation and presence of tertiary carbon atoms in polypropylene. The polypropylene segment revenue is also anticipated to register highest CAGR over the forecast.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific market is expected to dominate with major revenue share in the global market in 2017. The Asia Pacific market is also anticipated to register highest CAGR in terms of revenue in the next few years, owing to increasing demand from packaging and automotive industries in the countries in this region.
Key players operating in the global plastic antioxidants market include BASF SE, Songwon Industrial Co., Ltd., Adeka Corporation, Solvay SA, SI Group, Inc., Clariant AG, Sumitomo Chemical Company, Limited, 3V Sigma SpA, Dover Chemical Corporation, and Everspring Chemical Inc.