Global Plastic Antioxidants Market Overview:
Plastic Antioxidants Slows Down the Oxidation Cycle of the Polymers by Scavenging Free Radicals. They Assist in Preventing Thermal Oxidation Reactions when Plastics are Processed at High Temperatures. They Provide Long Term Thermal Stability to Resins, Adhesives, Plastics, and Lubricants. They are Used to Either Help in the Processing of the Material, or to Make the Final Product More Appealing, Durable or Useful
Growth Drivers
- Rapid Growth in the Construction Industry using Plastic Antioxidants for Providing Improved Mechanical Strength to the Products like Coatings, Adhesives, Roofing Tiles & Shakes, Solar Shingles, Shutters, Architectural Coatings, Wire, & Pipes
- Rise in Automotive Sector Involving Parts like Bumpers, Door Panels, Seat Back Covers, Pillar Mouldings, Door Trims, & Motorcycle Part Made from Plastics with the Addition of Plastic Antioxidants
Roadblocks
- Stringent Government Regulations Linked with the Usage of Plastics in Developed Countries
Opportunities
- Booming Plastics Industry Utilising Plastic Antioxidants for Providing Better Mechanical Strength in the Manufacturing of Products like Food Packaging Film, Plastic Bottles & Containers, Water Tank, Drums, Boxes, Containers, & Industrial Fittings
Challenges
- Problems Associated with the Disposal of the Plastic Products may pose a Challenge
Competitive Landscape:
The Market for the Plastic Antioxidants is fragmented with the Presence of Many Global as well as Regional Players. Key Players may Adopt Strategies like a Merger, Acquisition, New Product Launch, to Gain Advantage within the Market. Owing to Rising Applications of Plastic Antioxidants, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are BASF (Germany), Songwon (South Korea), Adeka Corporation (Japan), SI Group (United States), Clariant (Switzerland), Solvay (Belgium), Sumitomo Chemical (Japan), Dover Chemical Corporation (United States), 3V Sigma S.P.A. (United States) and Ampacet Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Dover Chemical Corporation (United States), Emerald Performance Materials Llc (United States), Evonik Industries Ag (Germany), Lanxess Aktiengesellschaft (Germany), Everspring Chemical Co., Ltd. (China), Krishna Antioxidants Pvt. Ltd (India) and Amfine Chemical Corporation (United States). Analyst at AMA Research see United States and European Vendors to retain maximum share of Global Plastic Antioxidants market by 2026. Considering Market by Packaging, the sub-segment i.e. Bottle will boost the Plastic Antioxidants market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Plastic Antioxidants market. Considering Market by Appearance, the sub-segment i.e. Crystal will boost the Plastic Antioxidants market.
Latest Market Insights:
In June 2018, SK Capital Partners, a Private Investment Firm Focused on the Specialty Materials, Chemicals & Pharmaceuticals Sectors, Announced an Agreement to Acquire SI Group, a Leading Global Developer & Manufacturer of Performance Additives and Intermediates
In December 2019, BASF Inaugurated the Second Phase of its New, Antioxidants Manufacturing Plant at its Caojing Site in Shanghai, China, In November 2018, Songwon Launched a New Plastic Antioxidant, Songnox 5057 to Add Value to its Range Of Stabilizers for Polyols & Polyurethane and In April 2018, BASF, in Cooperation with Waterchem, Launched the Production of Irganox® 565, a Plastic Antioxidant, in Isohara, Japan
What Can be Explored with the Plastic Antioxidants Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Plastic Antioxidants Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Plastic Antioxidants
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic Antioxidants market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plastic Antioxidants market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Plastic Antioxidants, Traders, Distributors, and Suppliers, Research Organizations, Government & Regional Agencies, Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.