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Phenolic Antioxidants Dominate Plastic Antioxidants Market: A Comprehensive Analysis
Plastic antioxidants are chemical compounds added to plastic materials to prevent degradation due to heat, light, and other environmental causes. They function by interacting with free radicals produced during the degradation process, inhibiting the chain reaction that leads to further degradation. Plastic antioxidants are found in a variety of plastic polymers such as polyethylene, polypropylene, polyvinyl chloride, and polystyrene. They can be either primary or secondary antioxidants and are introduced throughout the production process. Primary antioxidants are supplied at greater concentrations and are effective in avoiding the early stages of degradation, whereas secondary antioxidants are provided at lower concentrations and are effective in preventing the latter stages of deterioration.
The report "Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region - Global Forecast to 2025" The plastic antioxidants market is projected to reach USD 2.6 ...
... billion by 2025, at a CAGR of 5.3% from USD 2.0 billion in 2020.
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Phosphite & Phophonite are projected to be the fastest growing type in the plastic antioxidants market during the forecast period
Phosphite and phosphonite are expected to be the most rapidly increasing forms of plastic antioxidants. Phosphite and phosphonite antioxidants are chemical compounds that are extensively employed in plastic polymers as secondary antioxidants. They function by scavenging free radicals generated during the degradation process, preventing further degradation, and extending the life of the plastic product.
The increased demand for phosphite and phosphonite antioxidants is due to their higher performance when compared to other forms of antioxidants such as phenolics and amines. Phosphite and phosphonite antioxidants have higher thermal stability, decreased volatility, and processing stability, making them appropriate for use in high-temperature applications and processes. Furthermore, phosphite and phosphonite antioxidants are less likely to discolor or alter the appearance of plastic materials, which is vital for keeping the finished product's quality and value.
The rising need for plastic materials in a variety of industries, including packaging, automotive, construction, and consumer products, is likely to propel the plastic antioxidants market forward, with phosphite and phosphonite antioxidants leading the way.
The PP is estimated to be the largest polymer resin segment of the plastic antioxidants market during the forecast period.
The largest polymer resin segment of the plastic antioxidants market is projected to be PP (polypropylene) resin. Polypropylene is a common thermoplastic polymer that is utilized in a variety of applications including packaging, automotive parts, textiles, and consumer goods. The increasing demand for polypropylene in these industries drives the demand for plastic antioxidants to protect these materials from degradation caused by environmental factors such as heat and light.
The usage of plastic antioxidants in polypropylene is critical for maintaining mechanical qualities and the final product's look. Polypropylene can become brittle, discolored, and lose strength and flexibility without the application of plastic antioxidants, resulting in failure and potential safety issues.
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APAC projected to be fastest growing region for the plastic antioxidants market during the forecast period
The Asia-Pacific (APAC) region is expected to be the plastic antioxidants market's fastest-growing area. The increasing demand for plastic materials in different end-use sectors, such as packaging, automotive, construction, and consumer products, is driving the expansion of the APAC plastic antioxidants market.
China, India, Japan, and South Korea are among the leading contributors to the growth of the APAC plastic antioxidants market. These countries have a large number of plastic manufacturers and are also important users of plastic products. The increasing demand for plastic materials in these nations drives the demand for plastic antioxidants to preserve these materials from degradation caused by environmental conditions such as heat and light.
The key market players profiled in the report include BASF SE (Germany), Songwon (South Korea), Adeka Corporation (Japan), Solvay (Belgium), SK Capital (US), Clariant (Switzerland), Sumitomo Chemical (Japan), 3V Sigma S.p.A (Italy), Dover Chemical Corporation (US) and others.
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