The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Plastic Antioxidant production region, major players, and product type which will provide a simplified view of the Plastic Antioxidant industry. The Plastic Antioxidant market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Plastic Antioxidant market which will help the emerging market segments in making vital business decisions.
The plastic antioxidants market is expected to register a CAGR of over 5% during the forecast period.
Plastic Antioxidant Market Segmentation:
This report on Global Plastic Antioxidant market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Plastic Antioxidant. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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Global Plastic Antioxidant market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including BASF SE, Solvay, SONGWON, SI Group Inc., and Clariant, amongst others.
Increasing Demand for Polypropylene Resin
– Plastic antioxidants are additives that are added during plastic production to eliminate thermal and oxidation degradation, and they help in increasing the shelf-life of products.
– The usage of plastic antioxidants in polypropylene polymer resin is projected to be the highest during the forecast period, owing to the increasing use of polypropylene in packaging applications, which is likely to drive the plastic antioxidant market.
– Polypropylene resins are also used in heavy-duty sacks, hygiene films, compounding, and others, which is increasing the demand for polypropylene, and consequently, the demand for plastic antioxidants is increasing.
Asia-Pacific Region to Dominate the Market
– The Asia-Pacific region is expected to dominate the plastic antioxidants market during the forecast period. In countries like China and India, owing to the increasing usage of various resins in various end-user industries, like electrical and electronics, automotive, and oil and gas, the demand for plastic antioxidants has been increasing in the region.
– Owing to their thermal and oxidation resistance properties, the demand for polyethylene and polypropylene resins in the construction and building sector has been on the rise. The rapid increase in urbanization and industrialization in the region is further propelling the demand for plastic antioxidants.
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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Plastic Antioxidant market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.
Key Takeaways from this Report
- Impact of low unit costs, diversified product ranges and intense competition on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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