Plastic Antioxidants Market expands with growing investments in R&D

Plastic Antioxidants Market Size and Growth Rate:

Plastic Antioxidants Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2025 growing at a CAGR of xx% during the forecast period 2018 to 2025.

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Plastic Antioxidants Market Growth Drivers and Restraints:

However, it is predicted that the increasing consumption of these resins in end-use industries such as construction, petrochemical, automotive and oil & gas is estimated to drive the market during the assessment period. Moreover, the acrylonitrile butadiene styrene resins are used to make light products in musical instruments such as recorders, piano, and others. They offer stiffness, high tensile strength, ductility and these factors have anticipated the largest growth in the market during the forecast period.

Geographical Analysis of Plastic Antioxidants Market:

The market in North America and Europe follows the market in the Asia Pacific. The refurbishing automotive divided has been driving the market for molded plastics, thereby boosting the usage of plastic antioxidants. Additionally, the plastics antioxidants market in Europe is anticipated to be hampered marginally in the near future owing to certain regulations on the use of antioxidants. The market in Latin America is expected to offer high growth opportunities, led by significant expansion of several industries in the region. The Middle East & Africa also holds a key share of the plastic antioxidants market.

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Key Players of Plastic Antioxidants Market:

Some of the key market players are BASF, 3V Sigma, Sumitomo, Sakai Chemical, Everspring Chemical, OMNOVO Solutions,  Evonik Industries, Ampacet Corporation, Lanxess, Astra Polymers,Songwon, SI Group, ADEKA, Clariant, A. Schulman, Milliken Solvay, Dover Corporation, Krishna Antioxidants, Emerald Performance Materials, Trigon Antioxidants (India), Rivera Masterbatch, Oxiris Chemicals, Wells Plastics, and Shandong Linyi Sunny Wealth Chemical Co.

Plastic Antioxidants Market Segmentation:

By Antioxidant Type:

·         Phenolic

·         Phosphite & Phosphonite

·         Antioxidant Blends

By Polymer Resin:

·         Polyethylene

·         Polypropylene

·         Polyvinyl Chloride

·         Polystyrene

·         Acrylonitrile Butadiene Styrene

By Application:

·         Thermoplastic Plastics

·         Thermosetting Plastics

By Region:

·         North America

·         South America

·         Europe

·         Asia Pacific

·         Middle East and Africa

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