Plastic Antioxidants Market is expected to grow at a CAGR of 5.2% during the next five years, according to a newly added report by Stratview Research. Rapid urbanization, rising disposable income, improved standard of living, and replacement of conventional materials by plastics in various end-use industries are some of the factors that are driving the plastic antioxidants market globally.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in three ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different polymer resin types, the polypropylene segment is estimated to have the highest growth in the coming five years driven by the properties of tertiary carbon atoms present in polypropylene, such as susceptibility to oxidation and thermal degradation.
Phenolic antioxidants are estimated to lead the market during the forecast period, in the segment of antioxidant type.
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Asia-Pacific is expected to have the highest growth for plastic antioxidants in the coming five years in terms of both value and volume. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
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The report further mentions about the key manufacturing players BASF SE, Adeka Corporation, Solvay SA, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co. Ltd., Ampacet Corporation, Astra Polymers Compounding Co Ltd., and Evonik Industries AG who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the plastic antioxidants market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Plastic Antioxidants Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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