Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Plastic Antioxidants Market: By Antioxidant Type, By Polymer Resin, By Form, By Application 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.
Study Period
2025-2031Base Year
2024CAGR
6.6%Largest Market
Asia-PacificFastest Growing Market
North-America
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.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2023 |
US$ 2.4 billion |
Market CAGR |
6.6% |
By Antioxidant Type |
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By Polymer Resin |
|
By Form |
|
By Application |
|
By Region |
|
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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
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