Plastic Antioxidants Market: By Antioxidant Type, By Polymer Resin, By Form, By Application and Region Forecast 2019-2030

Plastic Antioxidants Market Size, Share, Growth, Trends, and Global Industry Analysis: By Antioxidant Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends and Others), By Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene and Others), By Form (Solid and Liquid), By Application (Thermoplastic Plastics, Thermosetting and Plastics) and Region Forecast 2019-2030

Plastic Antioxidants Market size was valued at US$ 2.4 billion in 2023 and is poised to grow at a significant CAGR of 6.6% from 2024-2030. Plastic antioxidants are chemicals that are included in the manufacturing process of plastic to prevent thermal and oxidative degradation and to lengthen the shelf life of goods. Due to the rising use of polypropylene in packaging applications, it is expected to drive the plastic antioxidant market. Heavy-duty sacks, feminine hygiene products films, compounding, and other products all require polypropylene resins, which raises the need for polypropylene and, as a result, for plastic antioxidants.

The market for plastic antioxidants has plenty of attractive potential in the automobile sector. After 2020, the automotive industry is forecast to undergo considerable change because electric vehicles are anticipated to make up most of the new vehicle production. By maximizing the ability of polymers to degrade, plastic antioxidant compounds improve resistance to oxidation for the production of automobile components. Due to the growth in traffic accidents worldwide, there has also been an increase in vehicle restoration.

Global demand for polymers is rising and, as a result, fueling the demand for plastic antioxidants. In the agricultural industry, plastics are utilized in netting, silage strap wrap, mulch films, greenhouse film covers, and blinds high light transmission from the plastics used in agriculture aids plants' growth. Increased solar radiation and mechanical stress must be able to handle agricultural plastics. Antioxidants are therefore employed to give agricultural plastics processing, thermal, and discoloration resistance. India is one nation that hasn't looked at the advantages of plastics in agriculture.

Furthermore, to sustain competitiveness in the industry, the big players are putting various methods into practice, such as agreements, corporate expansion, and product launches. The manufacturer of plastic antioxidants, BASF, has implemented different growth strategies, including development in the plastic antioxidants industry. The business just launched a new antioxidant production facility in Shanghai. The company has also increased its production capacity for Irganox 1010 globally. The corporation wants to meet the rising demand from clients in the Middle East, Africa, Asia, and Europe from its regional supply locations.

Key Developments

  • In December 2019, BASF launched a new antioxidant manufacturing plant in Shanghai, China.

Plastic Antioxidants Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

6.6%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Plastic Antioxidants Market Dynamics

Many types of polymers, including PE, PP, and PVC, include antioxidants. Industries include packaging, building & construction, and automobile employ these plastics. Compared to more traditional materials like metals, glass, paper, and ceramic, plastics have better mechanical and electrical qualities, improved abrasion resistance, and higher chemical resistance. In the packaging, building & construction, and automotive industries, plastics have replaced metals, glass, paper, and ceramic due to ongoing innovation and the need for more lightweight materials in several sectors. This is anticipated to fuel the plastic antioxidants industry. On the other hand, the market for plastic antioxidants is constrained by the presence of alternatives and the execution of strict regulatory policies.

Plastic Antioxidants Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 2.4 billion

Market CAGR

6.6%

By Antioxidant Type

  • Phenolic
  • Phosphite & Phosphonite
  • Antioxidant Blends
  • Others

By Polymer Resin

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polystyrene
  • Acrylonitrile Butadiene Styrene
  • Others

By Form

  • Solid
  • Liquid

By Application

  • Thermoplastic Plastics
  • Thermosetting Plastics

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Key Features of the Report

  • The plastic antioxidants market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The global plastic antioxidants market size was valued at US$ 2.4 billion in 2023 and is projected to grow at a CAGR of 6.6% from 2024-2030.

The Plastic antioxidants market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Plastic antioxidants market key players are BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd., Ampacet Corporation, Schulman, Astra Polymers Compounding Co Ltd., Krishna Antioxidants Pvt. Ltd., Wells Plastics Ltd

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Plastic Antioxidants Market Introduction 
2.1.Global Plastic Antioxidants Market  - Taxonomy
2.2.Global Plastic Antioxidants Market  - Definitions
2.2.1.Antioxidant Type
2.2.2.Polymer Resin
2.2.3.Form
2.2.4.Application  
2.2.5.Region
3.Global Plastic Antioxidants Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Plastic Antioxidants Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Plastic Antioxidants Market  By Antioxidant Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Phenolic
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Phosphite & Phosphonite
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Antioxidant Blends
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Plastic Antioxidants Market  By Polymer Resin, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Polyethylene
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Polypropylene
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Polyvinyl Chloride
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Polystyrene
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Acrylonitrile Butadiene Styrene
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Plastic Antioxidants Market  By Form, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Solid
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Liquid
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Plastic Antioxidants Market  By Application  , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. Thermoplastic Plastics
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Thermosetting Plastics
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
9.Global Plastic Antioxidants Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Plastic Antioxidants Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Antioxidant Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Phenolic
10.1.2.Phosphite & Phosphonite
10.1.3.Antioxidant Blends
10.1.4.Others
10.2.  Polymer Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Polyethylene
10.2.2.Polypropylene
10.2.3.Polyvinyl Chloride
10.2.4.Polystyrene
10.2.5.Acrylonitrile Butadiene Styrene
10.2.6.Others
10.3.  Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Solid
10.3.2.Liquid
10.4.  Application   Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Thermoplastic Plastics
10.4.2.Thermosetting Plastics
10.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Plastic Antioxidants Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Antioxidant Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Phenolic
11.1.2.Phosphite & Phosphonite
11.1.3.Antioxidant Blends
11.1.4.Others
11.2.  Polymer Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Polyethylene
11.2.2.Polypropylene
11.2.3.Polyvinyl Chloride
11.2.4.Polystyrene
11.2.5.Acrylonitrile Butadiene Styrene
11.2.6.Others
11.3.  Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Solid
11.3.2.Liquid
11.4.  Application   Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Thermoplastic Plastics
11.4.2.Thermosetting Plastics
11.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12.Asia Pacific (APAC) Plastic Antioxidants Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Antioxidant Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Phenolic
12.1.2.Phosphite & Phosphonite
12.1.3.Antioxidant Blends
12.1.4.Others
12.2.  Polymer Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Polyethylene
12.2.2.Polypropylene
12.2.3.Polyvinyl Chloride
12.2.4.Polystyrene
12.2.5.Acrylonitrile Butadiene Styrene
12.2.6.Others
12.3.  Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Solid
12.3.2.Liquid
12.4.  Application   Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Thermoplastic Plastics
12.4.2.Thermosetting Plastics
12.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Plastic Antioxidants Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
13.1. Antioxidant Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Phenolic
13.1.2.Phosphite & Phosphonite
13.1.3.Antioxidant Blends
13.1.4.Others
13.2.  Polymer Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Polyethylene
13.2.2.Polypropylene
13.2.3.Polyvinyl Chloride
13.2.4.Polystyrene
13.2.5.Acrylonitrile Butadiene Styrene
13.2.6.Others
13.3.  Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Solid
13.3.2.Liquid
13.4.  Application   Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Thermoplastic Plastics
13.4.2.Thermosetting Plastics
13.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Plastic Antioxidants Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
14.1. Antioxidant Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Phenolic
14.1.2.Phosphite & Phosphonite
14.1.3.Antioxidant Blends
14.1.4.Others
14.2.  Polymer Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Polyethylene
14.2.2.Polypropylene
14.2.3.Polyvinyl Chloride
14.2.4.Polystyrene
14.2.5.Acrylonitrile Butadiene Styrene
14.2.6.Others
14.3.  Form Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Solid
14.3.2.Liquid
14.4.  Application   Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Thermoplastic Plastics
14.4.2.Thermosetting Plastics
14.5.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.BASF
15.2.2.Songwon
15.2.3.Adeka Corporation
15.2.4.Solvay
15.2.5.SI Group
15.2.6.Clariant
15.2.7.Sumitomo Chemical
15.2.8.3V Sigma S.P.A
15.2.9.Dover Chemical Corporation
15.2.10.Everspring Chemical Co., Ltd.
15.2.11.Ampacet Corporation
15.2.12.Schulman
15.2.13.Astra Polymers Compounding Co Ltd.
15.2.14.Krishna Antioxidants Pvt. Ltd.
15.2.15.Wells Plastics Ltd
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • BASF
  • Songwon
  • Adeka Corporation
  • Solvay
  • SI Group
  • Clariant
  • Sumitomo Chemical
  • 3V Sigma S.P.A
  • Dover Chemical Corporation
  • Everspring Chemical Co., Ltd.
  • Ampacet Corporation
  • Schulman
  • Astra Polymers Compounding Co Ltd.
  • Krishna Antioxidants Pvt. Ltd.
  • Wells Plastics Ltd

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